515 W 15 ST TX 78701
| Owner | CABOT-CHASE LTD |
|---|---|
| Parcel ID | 0210020801 |
| Short ID | 199732 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 2,462 SF |
| Land SF | 8,832 SF |
| Acres | 0.203 |
| Year Built | 1960 |
| Legal | LOT 8 BLOCK 177 ORIGINAL CITY |
| Neighborhood | 59CBD |
| Land | $2,649,600 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,649,600 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $2,607,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,607,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,607,000 |
| Taxable Value | $2,607,000 |
|---|
Appreciation: Market value has risen +73.9% from $1,499,300 (2021) to $2,607,000 (2025), a CAGR of 14.8% 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 $53,352. 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 102% of market value ($2,649,600 land vs $0 improvements), about $300/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 $2,607,000, 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 +14.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,205,430 by 2030, with an estimated annual tax burden around $79,091. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 3,300 SF | ✗ |
| 1ST | 1st Floor | 2,462 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,462 SF | ✗ |
| 611 | TERRACE | 350 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 96 SF | ✗ |
Market value changed by 106% 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% | $24,119.96 | $24,119.96 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $13,661.12 | $13,661.12 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,798.28 | $9,798.28 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,076.86 | $3,076.86 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,695.64 | $2,695.64 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $53,351.86 | $53,351.86 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,658,815 | $2,607,000 | +2.0% |
| Assessed Value | $2,658,815 | $2,607,000 | +2.0% |
| Land Value | $2,208,000 | $2,649,600 | -16.7% |
| Improvement Value | $450,815 | — | — |
| Taxable Value | $2,658,815 | $2,607,000 | +2.0% |
| Total Tax 2026 = estimate |
~$54,412
Estimated
|
~$53,352
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,878,075 | $2,658,815 | -219,260 (-7.6%) |
| Taxable Value | $2,878,075 | $2,658,815 | -219,260 (-7.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,658,815 | $2,208,000 | $450,815 | — | $2,658,815 | $2,658,815 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,607,000 | $2,649,600 | — | — | $2,607,000 | $2,607,000 | ~$53,352 | Partial |
| 2024 | $2,427,800 | — | — | — | $2,607,000 ! | $— | $51,666 | Verified |
| 2023 | $1,504,000 | — | — | — | $2,427,800 ! | $— | $43,925 | Verified |
| 2022 | $— | — | — | — | $1,324,800 | $— | $29,703 | Verified |
| 2021 | $1,499,300 | — | — | −$174,500 | $1,324,800 | $— | $33,273 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +10.4% | +10.4% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -15.9% | -15.9% | ~100% | 1.9800% | Verified |
| 2023 | +106.1% ! | +106.1% | ~100% | 1.4200% | Verified |
| 2022 | -6.0% | -6.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +62.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.0% | +17.8% | +14.4% | +61.4% | 2024 | +0.3% | 2023 |
| Assessment Ratio | 100.0% | 111.4% | — | 161.4% | 2023 | 88.4% | 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 |
$53,352 | $45,554 | ~$68,023 | $53,352 | 2025 | $33,273 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,993,672 | ~$2,867,700 | ~2.0139% | ~$57,754 | +14.8% |
| 2027 | ~$3,437,694 | ~$3,154,470 | ~1.9814% | ~$62,502 | +31.9% |
| 2028 | ~$3,947,575 | ~$3,469,917 | ~1.9488% | ~$67,623 | +51.4% |
| 2029 | ~$4,533,081 | ~$3,816,909 | ~1.9163% | ~$73,143 | +73.9% |
| 2030 | ~$5,205,430 | ~$4,198,600 | ~1.8837% | ~$79,091 | +99.7% |
| 2026 | ~$2,941,532 | ~$2,867,700 | ~2.0465% | ~$58,687 | +12.8% |
| 2027 | ~$3,318,990 | ~$3,154,470 | ~2.0465% | ~$64,556 | +27.3% |
| 2028 | ~$3,744,885 | ~$3,469,917 | ~2.0465% | ~$71,011 | +43.6% |
| 2029 | ~$4,225,431 | ~$3,816,909 | ~2.0465% | ~$78,112 | +62.1% |
| 2030 | ~$4,767,640 | ~$4,198,600 | ~2.0465% | ~$85,924 | +82.9% |
| 2026 | ~$3,045,812 | ~$2,867,700 | ~1.9977% | ~$57,287 | +16.8% |
| 2027 | ~$3,558,484 | ~$3,154,470 | ~1.9488% | ~$61,476 | +36.5% |
| 2028 | ~$4,157,450 | ~$3,469,917 | ~1.9000% | ~$65,929 | +59.5% |
| 2029 | ~$4,857,234 | ~$3,816,909 | ~1.8512% | ~$70,658 | +86.3% |
| 2030 | ~$5,674,806 | ~$4,198,600 | ~1.8024% | ~$75,674 | +117.7% |
In 2025, this property's market value of $2,607,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +84% 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 | $2,607,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,427,800 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,504,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | — | $553,066 | $1,215,730 | $2,939,150 | — | +3.3% |
| 2021 | $1,499,300 | $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.