701 E 11 ST TX 78701
| Owner | MENSA II AUSTIN HOTEL LP |
|---|---|
| Parcel ID | 0208051301 |
| Short ID | 197042 |
| Type | Real |
| Use Code | 34 Hotel — Full Service |
| Valuation | Income |
| Improvement SF | 124,035 SF |
| Land SF | 121,440 SF |
| Acres | 2.788 |
| Year Built | 1985 |
| Legal | LOT A REGENCY SQUARE (TOTAL SQ FT 121440) (COMMERCIAL PERSONAL PROPERTY) |
| Neighborhood | 34CBD1 |
| Land | $46,193,347 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $46,193,347 |
| Improvement | $12,133,122 |
|---|---|
| Total Improvement | $12,133,122 |
| Market | $58,326,469 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $58,326,469 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $58,326,469 |
| Taxable Value | $58,326,469 |
|---|
Appreciation: Market value has fallen -20.6% from $73,501,208 (2021) to $58,326,469 (2025), a CAGR of -5.6% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Commercial parcel countywide rose +24.1%, so this parcel has lagged 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 $1,193,642. Austin ISD is the largest single contributor, at 43.3% 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 79% of market value ($46,193,347 land vs $12,133,122 improvements), about $380/SF of land. With value concentrated in the land under a ~41-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 $58,326,469, this parcel sits in the top quartile (≥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 -5.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $43,684,734 by 2030, with an estimated annual tax burden around $822,908. 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.
17 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 321,123 SF | ✗ |
| SO | Sketch Only | 186,050 SF | ✗ |
| ADDL | Additional Floor | 161,810 SF | ✓ |
| 187 | PARKING GARAGE | 115,280 SF | ✓ |
| 1ST | 1st Floor | 42,989 SF | ✓ |
| 2ND | 2nd Floor | 40,786 SF | ✓ |
| 3RD | 3rd Floor | 40,260 SF | ✓ |
| 611 | TERRACE | 18,704 SF | ✗ |
| 4TH | 4th Floor | 16,181 SF | ✓ |
| 5TH | 5th Floor | 16,181 SF | ✓ |
| 501 | CANOPY | 5,536 SF | ✗ |
| LOBBY | Lobby | 2,916 SF | ✓ |
| 407 | LOADING DOCK | 2,279 SF | ✓ |
| 601 | POOL COMM'L | 1,754 SF | ✗ |
| 282 | LIGHT POLES FV | 1 SF | ✓ |
| 349 | SPA FV | 1 SF | ✗ |
| 549 | FENCE COMM FV | 1 SF | ✗ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 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% | $510,710.40 | $510,710.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $289,257.38 | $289,257.38 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $207,466.44 | $207,466.44 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $65,148.70 | $65,148.70 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $57,076.80 | $57,076.80 | Paid |
| P2U | — | — | — | — | — | — | $50,597.50 | $50,597.50 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,180,257.22 | $1,180,257.22 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $44,027,119 | $58,326,469 | -24.5% |
| Assessed Value | $44,027,119 | $58,326,469 | -24.5% |
| Land Value | $30,360,000 | $46,193,347 | -34.3% |
| Improvement Value | $13,667,119 | $12,133,122 | +12.6% |
| Taxable Value | $44,027,119 | $58,326,469 | -24.5% |
| Total Tax 2026 = estimate |
~$901,008
Estimated
|
~$1,180,257
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $44,027,119 | $44,027,119 | +0 (+0.0%) |
| Taxable Value | $44,027,119 | $44,027,119 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $44,027,119 | $30,360,000 | $13,667,119 | — | $44,027,119 | $44,027,119 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $58,326,469 | $46,193,347 | $12,133,122 | — | $58,326,469 | $58,326,469 | ~$1,180,257 | Partial |
| 2024 | $59,700,000 | — | — | −$13,506,653 | $46,193,347 | $— | $1,205,526 | Verified |
| 2023 | $64,770,000 | — | — | −$41,696,400 | $23,073,600 | $— | $1,136,051 | Verified |
| 2022 | $57,800,000 | — | — | −$34,726,400 | $23,073,600 | $— | $1,343,428 | Verified |
| 2021 | $73,501,208 | — | — | −$53,311,808 | $20,189,400 | $— | $1,317,611 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -24.5% | -24.5% | ~100% | Not available | Partial |
| 2025 | -9.9% | -9.9% | ~100% | Not available | Partial |
| 2024 | +6.3% | +6.3% | ~100% | 1.8600% | Verified |
| 2023 | -6.0% | -6.0% | ~100% | 1.8700% | Verified |
| 2022 | +8.1% | +8.1% | ~100% | 2.0700% | Verified |
| 2021 | base year | — | ~100% | 1.7900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -2.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -24.5% | -8.8% | +0.5% | +12.1% | 2023 | -24.5% | 2026 |
| Assessment Ratio | 100.0% | 63.4% | — | 100.0% | 2025 | 27.5% | 2021 |
| Effective Tax Rate (2025) | 2.0200% | 2.0200% | — | 2.0200% | 2025 | 2.0200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,180,257 | $1,236,575 | ~$960,743 | $1,343,428 | 2022 | $1,136,051 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$55,050,148 | ~$55,050,148 | ~2.0139% | ~$1,108,675 | -5.6% |
| 2027 | ~$51,957,864 | ~$51,957,864 | ~1.9814% | ~$1,029,487 | -10.9% |
| 2028 | ~$49,039,281 | ~$49,039,281 | ~1.9488% | ~$955,697 | -15.9% |
| 2029 | ~$46,284,640 | ~$46,284,640 | ~1.9163% | ~$886,948 | -20.6% |
| 2030 | ~$43,684,734 | ~$43,684,734 | ~1.8837% | ~$822,908 | -25.1% |
| 2026 | ~$55,410,146 | ~$55,410,146 | ~2.0465% | ~$1,133,960 | -5.0% |
| 2027 | ~$52,639,638 | ~$52,639,638 | ~2.0465% | ~$1,077,262 | -9.8% |
| 2028 | ~$50,007,656 | ~$50,007,656 | ~2.0465% | ~$1,023,399 | -14.3% |
| 2029 | ~$47,507,274 | ~$47,507,274 | ~2.0465% | ~$972,229 | -18.5% |
| 2030 | ~$45,131,910 | ~$45,131,910 | ~2.0465% | ~$923,618 | -22.6% |
| 2026 | ~$56,216,677 | ~$56,216,677 | ~1.9977% | ~$1,123,019 | -3.6% |
| 2027 | ~$54,183,201 | ~$54,183,201 | ~1.9488% | ~$1,055,944 | -7.1% |
| 2028 | ~$52,223,279 | ~$52,223,279 | ~1.9000% | ~$992,251 | -10.5% |
| 2029 | ~$50,334,253 | ~$50,334,253 | ~1.8512% | ~$931,785 | -13.7% |
| 2030 | ~$48,513,556 | ~$48,513,556 | ~1.8024% | ~$874,394 | -16.8% |
In 2025, this property's market value of $58,326,469 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 41× 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 | $58,326,469 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $59,700,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $64,770,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $57,800,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $73,501,208 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 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.