1720 E 12 ST TX 78702
| Owner | SARASOTA HONEY LP |
|---|---|
| Parcel ID | 0208090207 |
| Short ID | 197279 |
| Type | Real |
| Use Code | 61 Warehouse (<20,000 SF) |
| Valuation | Cost |
| Improvement SF | 3,912 SF |
| Land SF | 16,496 SF |
| Acres | 0.379 |
| Year Built | 1955 |
| Legal | .3787 AC OF BLK 3 OLT 36 DIV B JOHNS C R SUBD |
| Neighborhood | 61EAS |
| Land | $2,144,480 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,144,480 |
| Improvement | $90,520 |
|---|---|
| Total Improvement | $90,520 |
| Market | $2,235,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,235,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,235,000 |
| Taxable Value | $2,235,000 |
|---|
Appreciation: Market value has risen +95.2% from $1,145,000 (2021) to $2,235,000 (2025), a CAGR of 18.2% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 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 $45,739. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 96% of market value ($2,144,480 land vs $90,520 improvements), about $130/SF of land. With value concentrated in the land under a ~71-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 $2,235,000, 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 +18.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,156,649 by 2030, with an estimated annual tax burden around $67,805. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 10,190 SF | ✗ |
| 1ST | 1st Floor | 3,912 SF | ✓ |
| 501 | CANOPY | 2,440 SF | ✗ |
| 881 | COMMCL FINISHOUT | 552 SF | ✓ |
| 541 | FENCE COMM LF | 300 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% | $20,678.22 | $20,678.22 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $11,711.78 | $11,711.78 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $8,400.14 | $8,400.14 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,637.81 | $2,637.81 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,310.99 | $2,310.99 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $45,738.94 | $45,738.94 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,235,000 | $2,235,000 | +0.0% |
| Assessed Value | $2,235,000 | $2,235,000 | +0.0% |
| Land Value | $2,144,480 | $2,144,480 | +0.0% |
| Improvement Value | $90,520 | $90,520 | +0.0% |
| Taxable Value | $2,235,000 | $2,235,000 | +0.0% |
| Total Tax 2026 = estimate |
~$45,739
Estimated
|
~$45,739
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,697,469 | $2,235,000 | -462,469 (-17.1%) |
| Taxable Value | $2,682,000 | $2,235,000 | -447,000 (-16.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,235,000 | $2,144,480 | $90,520 | — | $2,235,000 | $2,235,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,235,000 | $2,144,480 | $90,520 | — | $2,235,000 | $2,235,000 | ~$45,739 | Partial |
| 2024 | $2,150,000 | — | — | −$5,520 | $2,144,480 | $— | $44,294 | Verified |
| 2023 | $1,361,507 | — | — | — | $2,144,480 ! | $— | $36,140 | Verified |
| 2022 | $1,224,657 | — | — | −$69,937 | $1,154,720 | $— | $26,889 | Verified |
| 2021 | $1,145,000 | — | — | −$155,240 | $989,760 | $— | $26,657 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +20.7% | +20.0% | 99.4% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +4.0% | +4.0% | ~100% | 1.9800% | Verified |
| 2023 | +47.2% | +47.2% | ~100% | 1.6800% | Verified |
| 2022 | +19.3% | +19.3% | ~100% | 1.8400% | Verified |
| 2021 | base year | — | ~100% | 2.3300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +82.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +16.0% | +18.2% | +57.9% | 2024 | +0.0% | 2026 |
| Assessment Ratio | 100.0% | 106.3% | — | 157.5% | 2023 | 86.4% | 2021 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$45,739 | $35,944 | ~$58,316 | $45,739 | 2025 | $26,657 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,641,773 | ~$2,458,500 | ~2.0139% | ~$49,513 | +18.2% |
| 2027 | ~$3,122,580 | ~$2,704,350 | ~1.9814% | ~$53,584 | +39.7% |
| 2028 | ~$3,690,894 | ~$2,974,785 | ~1.9488% | ~$57,974 | +65.1% |
| 2029 | ~$4,362,642 | ~$3,272,264 | ~1.9163% | ~$62,706 | +95.2% |
| 2030 | ~$5,156,649 | ~$3,599,490 | ~1.8837% | ~$67,805 | +130.7% |
| 2026 | ~$2,597,073 | ~$2,458,500 | ~2.0465% | ~$50,313 | +16.2% |
| 2027 | ~$3,017,803 | ~$2,704,350 | ~2.0465% | ~$55,344 | +35.0% |
| 2028 | ~$3,506,691 | ~$2,974,785 | ~2.0465% | ~$60,879 | +56.9% |
| 2029 | ~$4,074,780 | ~$3,272,264 | ~2.0465% | ~$66,966 | +82.3% |
| 2030 | ~$4,734,901 | ~$3,599,490 | ~2.0465% | ~$73,663 | +111.9% |
| 2026 | ~$2,686,473 | ~$2,458,500 | ~1.9977% | ~$49,113 | +20.2% |
| 2027 | ~$3,229,145 | ~$2,704,350 | ~1.9488% | ~$52,703 | +44.5% |
| 2028 | ~$3,881,437 | ~$2,974,785 | ~1.9000% | ~$56,521 | +73.7% |
| 2029 | ~$4,665,493 | ~$3,272,264 | ~1.8512% | ~$60,576 | +108.7% |
| 2030 | ~$5,607,929 | ~$3,599,490 | ~1.8024% | ~$64,876 | +150.9% |
In 2025, this property's market value of $2,235,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +58% 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 | $2,235,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,150,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,361,507 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,224,657 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,145,000 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above median | 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.