1206 PARKWAY TX 78703
| Owner | COLUMBINE PROPERTIES INC |
|---|---|
| Parcel ID | 0210000804 |
| Short ID | 199660 |
| Type | Real |
| Use Code | 32 Restaurant |
| Valuation | Income |
| Improvement SF | 3,252 SF |
| Land SF | 14,932 SF |
| Acres | 0.343 |
| Year Built | 1965 |
| Legal | LOT 65 & E35.5 AV OF LOT 62 OLT 6 DIV Z ENFIELD A |
| Neighborhood | 32CEN |
| Land | $2,127,810 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,127,810 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,775,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,775,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,775,000 |
| Taxable Value | $1,775,000 |
|---|
Appreciation: Market value has risen +17.1% from $1,516,034 (2021) to $1,775,000 (2025), a CAGR of 4.0% over 4 years. Growth has been relatively flat for this asset class. 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 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 $36,325. 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 ($2,127,810 land vs $0 improvements), about $142/SF of land. With value concentrated in the land under a ~61-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 $1,775,000, 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 +4.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,161,773 by 2030, with an estimated annual tax burden around $40,722. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 9,000 SF | ✗ |
| 1ST | 1st Floor | 3,252 SF | ✓ |
| 611 | TERRACE | 1,111 SF | ✗ |
| 501 | CANOPY | 288 SF | ✗ |
| 327 | STORAGE COMM'L | 143 SF | ✓ |
| SO | Sketch Only | 116 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% | $16,422.30 | $16,422.30 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $9,301.30 | $9,301.30 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,671.25 | $6,671.25 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,094.91 | $2,094.91 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,835.35 | $1,835.35 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $36,325.11 | $36,325.11 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,775,000 | $1,775,000 | +0.0% |
| Assessed Value | $1,775,000 | $1,775,000 | +0.0% |
| Land Value | $2,239,800 | $2,127,810 | +5.3% |
| Improvement Value | — | — | — |
| Taxable Value | $1,775,000 | $1,775,000 | +0.0% |
| Total Tax 2026 = estimate |
~$36,325
Estimated
|
~$36,325
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,589,750 | $1,775,000 | -814,750 (-31.5%) |
| Taxable Value | $2,130,000 | $1,775,000 | -355,000 (-16.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,775,000 | $2,239,800 | — | — | $1,775,000 | $1,775,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,775,000 | $2,127,810 | — | — | $1,775,000 | $1,775,000 | ~$36,325 | Partial |
| 2024 | $1,900,000 | — | — | −$150,000 | $1,750,000 | $— | $34,682 | Verified |
| 2023 | $1,441,672 | — | — | — | $1,900,000 ! | $— | $34,376 | Verified |
| 2022 | $1,516,332 | — | — | −$97,792 | $1,418,540 | $— | $28,472 | Verified |
| 2021 | $1,516,034 | — | — | −$22,834 | $1,493,200 | $— | $33,006 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +45.9% | +20.0% | 82.2% | Not available | Partial |
| 2025 | +1.4% | +1.4% | ~100% | Not available | Partial |
| 2024 | -7.9% | -7.9% | ~100% | 1.9800% | Verified |
| 2023 | +15.2% | +15.2% | ~100% | 1.8100% | Verified |
| 2022 | +8.8% | +8.8% | ~100% | 1.7300% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +17.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +4.1% | +4.0% | +31.8% | 2024 | -6.6% | 2025 |
| Assessment Ratio | 100.0% | 102.7% | — | 131.8% | 2023 | 92.1% | 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 |
$36,325 | $33,372 | ~$38,944 | $36,325 | 2025 | $28,472 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,846,378 | ~$1,846,378 | ~2.0139% | ~$37,185 | +4.0% |
| 2027 | ~$1,920,627 | ~$1,920,627 | ~1.9814% | ~$38,055 | +8.2% |
| 2028 | ~$1,997,862 | ~$1,997,862 | ~1.9488% | ~$38,935 | +12.6% |
| 2029 | ~$2,078,202 | ~$2,078,202 | ~1.9163% | ~$39,824 | +17.1% |
| 2030 | ~$2,161,773 | ~$2,161,773 | ~1.8837% | ~$40,722 | +21.8% |
| 2026 | ~$1,810,878 | ~$1,810,878 | ~2.0465% | ~$37,059 | +2.0% |
| 2027 | ~$1,847,482 | ~$1,847,482 | ~2.0465% | ~$37,808 | +4.1% |
| 2028 | ~$1,884,826 | ~$1,884,826 | ~2.0465% | ~$38,573 | +6.2% |
| 2029 | ~$1,922,924 | ~$1,922,924 | ~2.0465% | ~$39,352 | +8.3% |
| 2030 | ~$1,961,792 | ~$1,961,792 | ~2.0465% | ~$40,148 | +10.5% |
| 2026 | ~$1,881,878 | ~$1,881,878 | ~1.9977% | ~$37,594 | +6.0% |
| 2027 | ~$1,995,192 | ~$1,995,192 | ~1.9488% | ~$38,883 | +12.4% |
| 2028 | ~$2,115,329 | ~$2,115,329 | ~1.9000% | ~$40,192 | +19.2% |
| 2029 | ~$2,242,700 | ~$2,242,700 | ~1.8512% | ~$41,517 | +26.3% |
| 2030 | ~$2,377,740 | ~$2,377,740 | ~1.8024% | ~$42,856 | +34.0% |
In 2025, this property's market value of $1,775,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +25% 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 | $1,775,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,900,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,441,672 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,516,332 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,516,034 | $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.