1141 AIRPORT BLVD TX 78702
| Owner | FIGUEROA CORP |
|---|---|
| Parcel ID | 0207160223 |
| Short ID | 196040 |
| Type | Real |
| Use Code | 32 Restaurant |
| Valuation | Income |
| Improvement SF | 1,710 SF |
| Land SF | 18,522 SF |
| Acres | 0.425 |
| Year Built | 1963 |
| Legal | LOT 4 BURKE C O ADDN |
| Neighborhood | 32CEN |
| Land | $1,481,737 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,481,737 |
| Improvement | $32,434 |
|---|---|
| Total Improvement | $32,434 |
| Market | $1,514,171 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,514,171 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,514,171 |
| Taxable Value | $1,514,171 |
|---|
Appreciation: Market value has risen +234.1% from $453,182 (2021) to $1,514,171 (2025), a CAGR of 35.2% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. Over the same span, the median Commercial parcel countywide rose +24.1%, so this parcel has outpaced the broader commercial market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $30,987. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. This is valued using the income approach, so changes in rent roll or occupancy move the appraisal more directly than they would for a cost-approach property.
Value Composition: Land carries 98% of market value ($1,481,737 land vs $32,434 improvements), about $80/SF of land. With value concentrated in the land under a ~63-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $1,514,171, this parcel sits in the upper-middle (50th–75th percentile) of Commercial property in Travis County — county median $1,417,484 (P25 $649,268 / P75 $3,347,260, n=13,608). Commercial here is the broad TCAD category — every commercial property countywide, any size or use — not a use-code-specific peer group. See the Peer Set and the Where This Property Stands benchmark below, which narrows to this property's actual use code, for parcel-level comparables.
Forward Outlook: Holding the +35.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,839,947 by 2030, with an estimated annual tax burden around $45,937. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
No delinquent taxes on record.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 4,872 SF | ✗ |
| 611 | TERRACE | 1,734 SF | ✗ |
| 1ST | 1st Floor | 1,710 SF | ✓ |
| 581C | STORAGE ATT COMM | 768 SF | ✓ |
| 501 | CANOPY | 510 SF | ✗ |
| SO | Sketch Only | 510 SF | ✗ |
Market value changed by 116% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $8,229.33 | $8,229.33 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,660.95 | $4,660.95 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,343.01 | $3,343.01 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,049.77 | $1,049.77 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $919.71 | $919.71 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $18,202.77 | $18,202.77 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,516,103 | $1,514,171 | +0.1% |
| Assessed Value | $1,067,358 | $1,514,171 | -29.5% |
| Land Value | $1,481,737 | $1,481,737 | +0.0% |
| Improvement Value | $34,366 | $32,434 | +6.0% |
| Taxable Value | $1,067,358 | $1,514,171 | -29.5% |
| HS Cap Loss | -$448,745 | — | |
| Total Tax 2026 = estimate |
~$21,843
Estimated
|
~$18,203
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,516,103 | $1,516,103 | +0 (+0.0%) |
| Taxable Value | $1,067,358 | $1,067,358 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,516,103 | $1,481,737 | $34,366 | −$448,745 | $1,067,358 | $1,067,358 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,514,171 | $1,481,737 | $32,434 | — | $1,514,171 | $1,514,171 | ~$18,203 | Partial |
| 2024 | $993,655 | — | — | −$168,535 | $825,120 | $— | $17,628 | Verified |
| 2023 | $459,420 | — | — | — | $928,260 ! | $— | $17,978 | Verified |
| 2022 | $407,720 | — | — | −$46,730 | $360,990 | $— | $9,073 | Verified |
| 2021 | $453,182 | — | — | −$92,192 | $360,990 | $— | $8,875 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.1% | -29.5% | 70.4% | Not available | Partial |
| 2025 | +70.2% | +70.2% | ~100% | Not available | Partial |
| 2024 | -10.5% | -10.5% | ~100% | 1.9800% | Verified |
| 2023 | +116.3% ! | +116.3% | ~100% | 1.8100% | Verified |
| 2022 | +12.7% | +12.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.9600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +271.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.1% | +34.3% | +35.2% | +116.3% | 2024 | -10.0% | 2022 |
| Assessment Ratio | 70.4% | 104.0% | — | 202.1% | 2023 | 70.4% | 2026 |
| Effective Tax Rate (2025) | 1.2000% | 1.2000% | — | 1.2000% | 2025 | 1.2000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$18,203 | $14,351 | ~$39,508 | $18,203 | 2025 | $8,875 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,047,154 | ~$1,665,588 | ~2.0139% | ~$33,544 | +35.2% |
| 2027 | ~$2,767,745 | ~$1,832,147 | ~1.9814% | ~$36,302 | +82.8% |
| 2028 | ~$3,741,981 | ~$2,015,362 | ~1.9488% | ~$39,276 | +147.1% |
| 2029 | ~$5,059,146 | ~$2,216,898 | ~1.9163% | ~$42,482 | +234.1% |
| 2030 | ~$6,839,947 | ~$2,438,588 | ~1.8837% | ~$45,937 | +351.7% |
| 2026 | ~$2,016,870 | ~$1,665,588 | ~2.0465% | ~$34,086 | +33.2% |
| 2027 | ~$2,686,464 | ~$1,832,147 | ~2.0465% | ~$37,495 | +77.4% |
| 2028 | ~$3,578,361 | ~$2,015,362 | ~2.0465% | ~$41,244 | +136.3% |
| 2029 | ~$4,766,365 | ~$2,216,898 | ~2.0465% | ~$45,368 | +214.8% |
| 2030 | ~$6,348,781 | ~$2,438,588 | ~2.0465% | ~$49,905 | +319.3% |
| 2026 | ~$2,077,437 | ~$1,665,588 | ~1.9977% | ~$33,273 | +37.2% |
| 2027 | ~$2,850,237 | ~$1,832,147 | ~1.9488% | ~$35,706 | +88.2% |
| 2028 | ~$3,910,515 | ~$2,015,362 | ~1.9000% | ~$38,292 | +158.3% |
| 2029 | ~$5,365,213 | ~$2,216,898 | ~1.8512% | ~$41,039 | +254.3% |
| 2030 | ~$7,361,053 | ~$2,438,588 | ~1.8024% | ~$43,952 | +386.1% |
In 2025, this property's market value of $1,514,171 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +7% above the county median of $1,417,484. Commercial here is the broad TCAD category — every commercial property countywide, any size or use — not a use-code-specific peer group. Use the Use Code filter above to narrow to this property's actual type.
| Year | This Property | Bottom 25% | Median | Top 25% | Position | Group YoY |
|---|---|---|---|---|---|---|
| 2025 | $1,514,171 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $993,655 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $459,420 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $407,720 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $453,182 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 25% | base yr |
Estimate only. The appraisal district sets value as of Jan 1 (not at sale price). A sale is strong evidence of market value and is typically reflected in the next Jan 1 valuation. Taxing units set rates annually. Modeled from government data — not a legal or tax opinion.