1402 NUECES ST AUSTIN, TX 78701
| Owner | TEXAS CHEMICAL COUNCIL INC |
|---|---|
| Parcel ID | 0210020209 |
| Short ID | 199693 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 5,102 SF |
| Land SF | 8,064 SF |
| Acres | 0.185 |
| Year Built | 1910 |
| Legal | E 63' OF LOT 4 BLOCK 178 ORIGINAL CITY |
| Neighborhood | 59CBD |
| Land | $2,419,200 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,419,200 |
| Improvement | $172,079 |
|---|---|
| Total Improvement | $172,079 |
| Market | $2,591,279 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,591,279 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,591,279 |
| Taxable Value | $2,591,279 |
|---|
Appreciation: Market value has risen +27.2% from $2,037,448 (2021) to $2,591,279 (2025), a CAGR of 6.2% over 4 years. This represents moderate, steady growth. 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 $53,030. 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 93% of market value ($2,419,200 land vs $172,079 improvements), about $300/SF of land. With value concentrated in the land under a ~116-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 $2,591,279, 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 +6.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,499,844 by 2030, with an estimated annual tax burden around $65,928. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 5,102 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 5,102 SF | ✗ |
| 551 | PAVED AREA | 1,760 SF | ✗ |
| 501 | CANOPY | 540 SF | ✗ |
| SO | Sketch Only | 540 SF | ✗ |
| 611 | TERRACE | 90 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% | $23,974.51 | $23,974.51 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $13,578.74 | $13,578.74 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,739.19 | $9,739.19 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,058.31 | $3,058.31 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,679.38 | $2,679.38 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $53,030.13 | $53,030.13 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,106,560 | $2,591,279 | -18.7% |
| Assessed Value | $2,106,560 | $2,591,279 | -18.7% |
| Land Value | $1,612,800 | $2,419,200 | -33.3% |
| Improvement Value | $493,760 | $172,079 | +186.9% |
| Taxable Value | $2,106,560 | $2,591,279 | -18.7% |
| Total Tax 2026 = estimate |
~$43,110
Estimated
|
~$53,030
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,292,409 | $2,106,560 | -1,185,849 (-36.0%) |
| Taxable Value | $3,109,535 | $2,106,560 | -1,002,975 (-32.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,106,560 | $1,612,800 | $493,760 | — | $2,106,560 | $2,106,560 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,591,279 | $2,419,200 | $172,079 | — | $2,591,279 | $2,591,279 | ~$53,030 | Partial |
| 2024 | $2,900,000 | — | — | −$480,800 | $2,419,200 | $— | $57,473 | Verified |
| 2023 | $2,012,217 | — | — | — | $2,419,200 ! | $— | $52,468 | Verified |
| 2022 | $2,012,217 | — | — | −$802,617 | $1,209,600 | $— | $39,740 | Verified |
| 2021 | $2,037,448 | — | — | −$827,848 | $1,209,600 | $— | $43,800 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +27.1% | +20.0% | 94.4% | Not available | Partial |
| 2025 | -10.6% | -10.6% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +44.1% | +44.1% | ~100% | 1.8100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +28.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -18.7% | +2.7% | +11.1% | +44.1% | 2024 | -18.7% | 2026 |
| Assessment Ratio | 100.0% | 87.2% | — | 120.2% | 2023 | 59.4% | 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 |
$53,030 | $49,302 | ~$60,577 | $57,473 | 2024 | $39,740 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,751,827 | ~$2,751,827 | ~2.0139% | ~$55,420 | +6.2% |
| 2027 | ~$2,922,322 | ~$2,922,322 | ~1.9814% | ~$57,903 | +12.8% |
| 2028 | ~$3,103,380 | ~$3,103,380 | ~1.9488% | ~$60,480 | +19.8% |
| 2029 | ~$3,295,656 | ~$3,295,656 | ~1.9163% | ~$63,154 | +27.2% |
| 2030 | ~$3,499,844 | ~$3,499,844 | ~1.8837% | ~$65,928 | +35.1% |
| 2026 | ~$2,700,001 | ~$2,700,001 | ~2.0465% | ~$55,255 | +4.2% |
| 2027 | ~$2,813,285 | ~$2,813,285 | ~2.0465% | ~$57,573 | +8.6% |
| 2028 | ~$2,931,322 | ~$2,931,322 | ~2.0465% | ~$59,989 | +13.1% |
| 2029 | ~$3,054,311 | ~$3,054,311 | ~2.0465% | ~$62,506 | +17.9% |
| 2030 | ~$3,182,461 | ~$3,182,461 | ~2.0465% | ~$65,129 | +22.8% |
| 2026 | ~$2,803,652 | ~$2,803,652 | ~1.9977% | ~$56,007 | +8.2% |
| 2027 | ~$3,033,431 | ~$3,033,431 | ~1.9488% | ~$59,117 | +17.1% |
| 2028 | ~$3,282,042 | ~$3,282,042 | ~1.9000% | ~$62,359 | +26.7% |
| 2029 | ~$3,551,028 | ~$3,551,028 | ~1.8512% | ~$65,736 | +37.0% |
| 2030 | ~$3,842,059 | ~$3,842,059 | ~1.8024% | ~$69,248 | +48.3% |
In 2025, this property's market value of $2,591,279 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +83% 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 | $2,591,279 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,900,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,012,217 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,012,217 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,037,448 | $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.