500 W 16 ST TX 78701
| Owner | GONZALEZ DIEGO JAVIER |
|---|---|
| Parcel ID | 0210021013 |
| Short ID | 199762 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 5,940 SF |
| Land SF | 11,776 SF |
| Acres | 0.270 |
| Year Built | 1966 |
| Legal | LOT 1&2 OLT 29 DIVISION E |
| Neighborhood | 53CBD |
| Land | $5,888,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,888,000 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $4,679,311 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,679,311 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $4,679,311 |
| Taxable Value | $4,679,311 |
|---|
Appreciation: Market value has risen +80.0% from $2,600,000 (2021) to $4,679,311 (2025), a CAGR of 15.8% 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 $95,761. 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 126% of market value ($5,888,000 land vs $0 improvements), about $500/SF of land. With value concentrated in the land under a ~60-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 $4,679,311, this parcel sits in the top quartile (≥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 +15.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $9,754,222 by 2030, with an estimated annual tax burden around $141,960. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 5,940 SF | ✓ |
| 487 | PARKING UNDER | 5,752 SF | ✓ |
| 551 | PAVED AREA | 3,572 SF | ✗ |
| 581C | STORAGE ATT COMM | 28 SF | ✓ |
Market value changed by 81% 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% | $37,008.00 | $37,008.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $20,960.68 | $20,960.68 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $15,033.80 | $15,033.80 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $4,720.92 | $4,720.92 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4,136.00 | $4,136.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $81,859.40 | $81,859.40 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,000,000 | $4,679,311 | -14.5% |
| Assessed Value | $4,000,000 | $4,679,311 | -14.5% |
| Land Value | $2,944,000 | $5,888,000 | -50.0% |
| Improvement Value | $1,056,000 | — | — |
| Taxable Value | $4,000,000 | $4,679,311 | -14.5% |
| Total Tax 2026 = estimate |
~$81,859
Estimated
|
~$81,859
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,053,413 | $4,000,000 | -53,413 (-1.3%) |
| Taxable Value | $4,053,413 | $4,000,000 | -53,413 (-1.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,000,000 | $2,944,000 | $1,056,000 | — | $4,000,000 | $4,000,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,679,311 | $5,888,000 | — | — | $4,679,311 | $4,679,311 | ~$81,859 | Partial |
| 2024 | $4,000,000 | — | — | — | $4,000,000 | $— | $79,273 | Verified |
| 2023 | $2,669,287 | — | — | — | $4,825,304 ! | $— | $73,184 | Verified |
| 2022 | $2,640,934 | — | — | −$874,534 | $1,766,400 | $— | $52,716 | Verified |
| 2021 | $2,600,000 | — | — | −$833,600 | $1,766,400 | $— | $57,485 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -13.4% | -13.4% | ~100% | Not available | Partial |
| 2025 | +17.0% | +17.0% | ~100% | Not available | Partial |
| 2024 | -17.1% | -17.1% | ~100% | 1.9800% | Verified |
| 2023 | +80.8% ! | +80.8% | ~100% | 1.5200% | Verified |
| 2022 | +1.1% | +1.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +77.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -14.5% | +11.0% | +19.8% | +49.9% | 2024 | -14.5% | 2026 |
| Assessment Ratio | 100.0% | 102.6% | — | 180.8% | 2023 | 66.9% | 2022 |
| Effective Tax Rate (2025) | 1.7500% | 1.7500% | — | 1.7500% | 2025 | 1.7500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$81,859 | $68,903 | ~$122,094 | $81,859 | 2025 | $52,716 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$5,419,810 | ~$5,147,242 | ~2.0139% | ~$103,662 | +15.8% |
| 2027 | ~$6,277,492 | ~$5,661,966 | ~1.9814% | ~$112,186 | +34.2% |
| 2028 | ~$7,270,903 | ~$6,228,163 | ~1.9488% | ~$121,377 | +55.4% |
| 2029 | ~$8,421,520 | ~$6,850,979 | ~1.9163% | ~$131,285 | +80.0% |
| 2030 | ~$9,754,222 | ~$7,536,077 | ~1.8837% | ~$141,960 | +108.5% |
| 2026 | ~$5,326,224 | ~$5,147,242 | ~2.0465% | ~$105,338 | +13.8% |
| 2027 | ~$6,062,572 | ~$5,661,966 | ~2.0465% | ~$115,871 | +29.6% |
| 2028 | ~$6,900,719 | ~$6,228,163 | ~2.0465% | ~$127,458 | +47.5% |
| 2029 | ~$7,854,741 | ~$6,850,979 | ~2.0465% | ~$140,204 | +67.9% |
| 2030 | ~$8,940,655 | ~$7,536,077 | ~2.0465% | ~$154,225 | +91.1% |
| 2026 | ~$5,513,396 | ~$5,147,242 | ~1.9977% | ~$102,825 | +17.8% |
| 2027 | ~$6,496,156 | ~$5,661,966 | ~1.9488% | ~$110,343 | +38.8% |
| 2028 | ~$7,654,093 | ~$6,228,163 | ~1.9000% | ~$118,336 | +63.6% |
| 2029 | ~$9,018,432 | ~$6,850,979 | ~1.8512% | ~$126,825 | +92.7% |
| 2030 | ~$10,625,964 | ~$7,536,077 | ~1.8024% | ~$135,828 | +127.1% |
In 2025, this property's market value of $4,679,311 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 3× 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 | $4,679,311 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $4,000,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $2,669,287 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,640,934 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,600,000 | $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.