2510 E 12 ST TX 78702
| Owner | 2016 BEAVER GARDENS LP |
|---|---|
| Parcel ID | 0208110513 |
| Short ID | 197568 |
| Type | Real |
| Use Code | 30 Strip Center (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 1,200 SF |
| Land SF | 12,197 SF |
| Acres | 0.280 |
| Year Built | 1960 |
| Legal | LOT 11&12 BLK 23 OLT 32&33 DIV B GLENWOOD ADDN |
| Neighborhood | 30CEN |
| Land | $1,463,616 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,463,616 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,222,603 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,222,603 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,222,603 |
| Taxable Value | $1,222,603 |
|---|
Appreciation: Market value has risen +115.2% from $568,100 (2021) to $1,222,603 (2025), a CAGR of 21.1% 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 $25,020. 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 120% of market value ($1,463,616 land vs $0 improvements), about $120/SF of land. With value concentrated in the land under a ~66-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 $1,222,603, this parcel sits in the lower-middle (25th–50th 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 +21.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,186,848 by 2030, with an estimated annual tax burden around $37,091. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,200 SF | ✓ |
| 611 | TERRACE | 33 SF | ✗ |
Market value changed by 111% 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% | $11,311.52 | $11,311.52 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,406.65 | $6,406.65 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,595.09 | $4,595.09 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,442.95 | $1,442.95 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,264.17 | $1,264.17 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $25,020.38 | $25,020.38 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,222,063 | $1,222,603 | -0.0% |
| Assessed Value | $1,222,063 | $1,222,603 | -0.0% |
| Land Value | $1,463,616 | $1,463,616 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $1,222,063 | $1,222,603 | -0.0% |
| Total Tax 2026 = estimate |
~$25,009
Estimated
|
~$25,020
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,495,212 | $1,222,063 | -273,149 (-18.3%) |
| Taxable Value | $1,467,124 | $1,222,063 | -245,061 (-16.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,222,063 | $1,463,616 | — | — | $1,222,063 | $1,222,063 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,222,603 | $1,463,616 | — | — | $1,222,603 | $1,222,603 | ~$25,020 | Partial |
| 2024 | $1,493,203 | — | — | −$200,203 | $1,293,000 | $— | $25,625 | Verified |
| 2023 | $706,832 | — | — | — | $1,463,616 ! | $— | $25,100 | Verified |
| 2022 | $690,400 | — | — | −$19,576 | $670,824 | $— | $13,959 | Verified |
| 2021 | $568,100 | — | — | — | $670,824 ! | $— | $15,028 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +22.3% | +20.0% | 98.1% | Not available | Partial |
| 2025 | -18.1% | -18.1% | ~100% | Not available | Partial |
| 2024 | -0.0% | -0.0% | ~100% | 1.7200% | Verified |
| 2023 | +111.3% ! | +111.3% | ~100% | 1.6800% | Verified |
| 2022 | +2.4% | +2.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.6500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +77.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +-0.0% | +23.4% | +21.1% | +111.3% | 2024 | -18.1% | 2025 |
| Assessment Ratio | 100.0% | 118.2% | — | 207.1% | 2023 | 86.6% | 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 |
$25,020 | $20,946 | ~$31,901 | $25,625 | 2024 | $13,959 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,480,814 | ~$1,344,863 | ~2.0139% | ~$27,085 | +21.1% |
| 2027 | ~$1,793,560 | ~$1,479,350 | ~1.9814% | ~$29,312 | +46.7% |
| 2028 | ~$2,172,356 | ~$1,627,285 | ~1.9488% | ~$31,713 | +77.7% |
| 2029 | ~$2,631,153 | ~$1,790,013 | ~1.9163% | ~$34,302 | +115.2% |
| 2030 | ~$3,186,848 | ~$1,969,014 | ~1.8837% | ~$37,091 | +160.7% |
| 2026 | ~$1,456,362 | ~$1,344,863 | ~2.0465% | ~$27,522 | +19.1% |
| 2027 | ~$1,734,816 | ~$1,479,350 | ~2.0465% | ~$30,275 | +41.9% |
| 2028 | ~$2,066,509 | ~$1,627,285 | ~2.0465% | ~$33,302 | +69.0% |
| 2029 | ~$2,461,622 | ~$1,790,013 | ~2.0465% | ~$36,632 | +101.3% |
| 2030 | ~$2,932,279 | ~$1,969,014 | ~2.0465% | ~$40,296 | +139.8% |
| 2026 | ~$1,505,266 | ~$1,344,863 | ~1.9977% | ~$26,866 | +23.1% |
| 2027 | ~$1,853,281 | ~$1,479,350 | ~1.9488% | ~$28,830 | +51.6% |
| 2028 | ~$2,281,756 | ~$1,627,285 | ~1.9000% | ~$30,919 | +86.6% |
| 2029 | ~$2,809,294 | ~$1,790,013 | ~1.8512% | ~$33,137 | +129.8% |
| 2030 | ~$3,458,797 | ~$1,969,014 | ~1.8024% | ~$35,489 | +182.9% |
In 2025, this property's market value of $1,222,603 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -14% below 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 | $1,222,603 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,493,203 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $706,832 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $690,400 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $568,100 | $517,750 | $1,142,600 | $2,780,453 | ↓ Below 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.