1153 AIRPORT BLVD TX 78702
| Owner | SLUSSLER TERRENCE E |
|---|---|
| Parcel ID | 0209150301 |
| Short ID | 198922 |
| Type | Real |
| Use Code | 33 Fast Food Restaurant |
| Valuation | Income |
| Improvement SF | 2,521 SF |
| Land SF | 9,714 SF |
| Acres | 0.223 |
| Year Built | 2000 |
| Legal | .223 AC OF OLT 15 DIVISION B |
| Neighborhood | 33CEN |
| Land | $777,120 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $777,120 |
| Improvement | $74,717 |
|---|---|
| Total Improvement | $74,717 |
| Market | $851,837 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $851,837 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $851,837 |
| Taxable Value | $851,837 |
|---|
Appreciation: Market value has risen +150.5% from $339,990 (2021) to $851,837 (2025), a CAGR of 25.8% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→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 $17,433. 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 91% of market value ($777,120 land vs $74,717 improvements), about $80/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $851,837, 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 +25.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,685,156 by 2030, with an estimated annual tax burden around $25,843. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 11,300 SF | ✗ |
| 1ST | 1st Floor | 2,521 SF | ✓ |
| 482 | LIGHT POLES | 4 SF | ✓ |
Market value changed by 202% 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% | $7,881.20 | $7,881.20 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,463.77 | $4,463.77 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,201.59 | $3,201.59 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,005.36 | $1,005.36 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $880.80 | $880.80 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $17,432.72 | $17,432.72 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $856,460 | $851,837 | +0.5% |
| Assessed Value | $856,460 | $851,837 | +0.5% |
| Land Value | $777,120 | $777,120 | +0.0% |
| Improvement Value | $79,340 | $74,717 | +6.2% |
| Taxable Value | $856,460 | $851,837 | +0.5% |
| Total Tax 2026 = estimate |
~$17,527
Estimated
|
~$17,433
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $856,460 | $856,460 | +0 (+0.0%) |
| Taxable Value | $856,460 | $856,460 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $856,460 | $777,120 | $79,340 | — | $856,460 | $856,460 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $851,837 | $777,120 | $74,717 | — | $851,837 | $851,837 | ~$17,433 | Partial |
| 2024 | $1,025,694 | — | — | −$248,574 | $777,120 | $— | $18,385 | Verified |
| 2023 | $— | — | — | — | $874,260 | $— | $18,557 | Verified |
| 2022 | $— | — | — | — | $339,990 | $— | $6,715 | Verified |
| 2021 | $339,990 | — | — | — | $339,990 | $— | $7,400 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.5% | +0.5% | ~100% | Not available | Partial |
| 2025 | -8.2% | -8.2% | ~100% | Not available | Partial |
| 2024 | -9.6% | -9.6% | ~100% | 1.9800% | Verified |
| 2023 | +201.7% ! | +201.7% | ~100% | 1.8100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +150.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.5% | +61.7% | +25.7% | +201.7% | 2024 | -17.0% | 2025 |
| Assessment Ratio | 100.0% | 94.0% | — | 100.0% | 2021 | 75.8% | 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 |
$17,433 | $14,406 | ~$22,227 | $18,385 | 2024 | $7,400 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,071,714 | ~$937,021 | ~2.0139% | ~$18,871 | +25.8% |
| 2027 | ~$1,348,347 | ~$1,030,723 | ~1.9814% | ~$20,423 | +58.3% |
| 2028 | ~$1,696,384 | ~$1,133,795 | ~1.9488% | ~$22,096 | +99.1% |
| 2029 | ~$2,134,258 | ~$1,247,175 | ~1.9163% | ~$23,900 | +150.5% |
| 2030 | ~$2,685,156 | ~$1,371,892 | ~1.8837% | ~$25,843 | +215.2% |
| 2026 | ~$1,054,678 | ~$937,021 | ~2.0465% | ~$19,176 | +23.8% |
| 2027 | ~$1,305,819 | ~$1,030,723 | ~2.0465% | ~$21,094 | +53.3% |
| 2028 | ~$1,616,763 | ~$1,133,795 | ~2.0465% | ~$23,203 | +89.8% |
| 2029 | ~$2,001,749 | ~$1,247,175 | ~2.0465% | ~$25,523 | +135.0% |
| 2030 | ~$2,478,408 | ~$1,371,892 | ~2.0465% | ~$28,076 | +190.9% |
| 2026 | ~$1,088,751 | ~$937,021 | ~1.9977% | ~$18,719 | +27.8% |
| 2027 | ~$1,391,556 | ~$1,030,723 | ~1.9488% | ~$20,087 | +63.4% |
| 2028 | ~$1,778,578 | ~$1,133,795 | ~1.9000% | ~$21,542 | +108.8% |
| 2029 | ~$2,273,239 | ~$1,247,175 | ~1.8512% | ~$23,088 | +166.9% |
| 2030 | ~$2,905,476 | ~$1,371,892 | ~1.8024% | ~$24,727 | +241.1% |
In 2025, this property's market value of $851,837 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -40% 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 | $851,837 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,025,694 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | — | $667,828 | $1,414,358 | $3,374,900 | — | +9.7% |
| 2022 | — | $553,066 | $1,215,730 | $2,939,150 | — | +3.3% |
| 2021 | $339,990 | $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.