1801 PENNSYLVANIA AVE TX 78702
| Owner | ZEBRA CHALK 2015 LP |
|---|---|
| Parcel ID | 0208091701 |
| Short ID | 197426 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 16,316 SF |
| Land SF | 30,030 SF |
| Acres | 0.689 |
| Year Built | 1970 |
| Legal | LOT 6-8 BLK 5 OLT 57 DIV B JOHNS C R SUBD (1/12/16 TO 12/31/16) |
| Neighborhood | 1EC2 |
| Land | $1,501,500 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,501,500 |
| Improvement | $26,249 |
|---|---|
| Total Improvement | $26,249 |
| Market | $1,527,749 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,527,749 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,527,749 |
| Taxable Value | $1,527,749 |
|---|
Appreciation: Market value has fallen -9.6% from $1,690,283 (2021) to $1,527,749 (2025), a CAGR of -2.5% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2024→2025), 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 $31,265. 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 ($1,501,500 land vs $26,249 improvements), about $50/SF of land. With value concentrated in the land under a ~56-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 $1,527,749, 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 -2.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,346,380 by 2030, with an estimated annual tax burden around $25,362. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 13,700 SF | ✗ |
| 1ST | 1st Floor | 6,998 SF | ✓ |
| 2ND | 2nd Floor | 6,998 SF | ✓ |
| FBSMT | Finished Basement | 2,320 SF | ✓ |
| 327 | STORAGE COMM'L | 140 SF | ✓ |
| 501 | CANOPY | 48 SF | ✗ |
| 611 | TERRACE | 48 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% | $14,134.73 | $14,134.73 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $8,005.66 | $8,005.66 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,741.97 | $5,741.97 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,803.10 | $1,803.10 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,579.69 | $1,579.69 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $31,265.15 | $31,265.15 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,500,000 | $1,527,749 | -1.8% |
| Assessed Value | $1,500,000 | $1,527,749 | -1.8% |
| Land Value | $1,501,500 | $1,501,500 | +0.0% |
| Improvement Value | — | $26,249 | — |
| Taxable Value | $1,500,000 | $1,527,749 | -1.8% |
| Total Tax 2026 = estimate |
~$30,697
Estimated
|
~$31,265
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,500,000 | $1,500,000 | +0 (+0.0%) |
| Taxable Value | $1,500,000 | $1,500,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,500,000 | $1,501,500 | — | — | $1,500,000 | $1,500,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,527,749 | $1,501,500 | $26,249 | — | $1,527,749 | $1,527,749 | ~$31,265 | Partial |
| 2024 | $1,756,867 | — | — | −$255,367 | $1,501,500 | $— | $30,756 | Verified |
| 2023 | $1,721,504 | — | — | −$220,004 | $1,501,500 | $— | $31,786 | Verified |
| 2022 | $1,690,283 | — | — | −$188,783 | $1,501,500 | $— | $33,998 | Verified |
| 2021 | $1,690,283 | — | — | −$188,783 | $1,501,500 | $— | $36,792 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.8% | -1.8% | ~100% | Not available | Partial |
| 2025 | -1.6% | -1.6% | ~100% | Not available | Partial |
| 2024 | -11.7% | -11.7% | ~100% | 1.9800% | Verified |
| 2023 | +2.1% | +2.1% | ~100% | 1.8100% | Verified |
| 2022 | +1.8% | +1.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -9.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.8% | -2.2% | -2.1% | +2.1% | 2024 | -13.0% | 2025 |
| Assessment Ratio | 100.0% | 91.7% | — | 100.0% | 2025 | 85.5% | 2024 |
| 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 |
$31,265 | $32,919 | ~$27,640 | $36,792 | 2021 | $30,756 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,489,619 | ~$1,489,619 | ~2.0139% | ~$30,000 | -2.5% |
| 2027 | ~$1,452,440 | ~$1,452,440 | ~1.9814% | ~$28,778 | -4.9% |
| 2028 | ~$1,416,190 | ~$1,416,190 | ~1.9488% | ~$27,599 | -7.3% |
| 2029 | ~$1,380,844 | ~$1,380,844 | ~1.9163% | ~$26,461 | -9.6% |
| 2030 | ~$1,346,380 | ~$1,346,380 | ~1.8837% | ~$25,362 | -11.9% |
| 2026 | ~$1,459,064 | ~$1,459,064 | ~2.0465% | ~$29,860 | -4.5% |
| 2027 | ~$1,393,467 | ~$1,393,467 | ~2.0465% | ~$28,517 | -8.8% |
| 2028 | ~$1,330,819 | ~$1,330,819 | ~2.0465% | ~$27,235 | -12.9% |
| 2029 | ~$1,270,987 | ~$1,270,987 | ~2.0465% | ~$26,011 | -16.8% |
| 2030 | ~$1,213,846 | ~$1,213,846 | ~2.0465% | ~$24,841 | -20.5% |
| 2026 | ~$1,520,174 | ~$1,520,174 | ~1.9977% | ~$30,368 | -0.5% |
| 2027 | ~$1,512,636 | ~$1,512,636 | ~1.9488% | ~$29,479 | -1.0% |
| 2028 | ~$1,505,136 | ~$1,505,136 | ~1.9000% | ~$28,598 | -1.5% |
| 2029 | ~$1,497,673 | ~$1,497,673 | ~1.8512% | ~$27,725 | -2.0% |
| 2030 | ~$1,490,247 | ~$1,490,247 | ~1.8024% | ~$26,860 | -2.5% |
In 2025, this property's market value of $1,527,749 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +8% 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 | $1,527,749 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,756,867 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,721,504 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,690,283 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,690,283 | $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.