506 W 16 ST TX 78701
| Owner | BE & JM PROPERTY MANAGEMENT LLC |
|---|---|
| Parcel ID | 0210021015 |
| Short ID | 199763 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 1,819 SF |
| Land SF | 6,238 SF |
| Acres | 0.143 |
| Year Built | 1920 |
| Legal | LOT 2 WALKER & WOODS SUBD |
| Neighborhood | 59CBD |
| Land | $3,119,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,119,000 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $2,181,281 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,181,281 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,181,281 |
| Taxable Value | $2,181,281 |
|---|
Appreciation: Market value has risen +100.0% from $1,090,600 (2021) to $2,181,281 (2025), a CAGR of 18.9% 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 $44,640. 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 143% of market value ($3,119,000 land vs $0 improvements), about $500/SF of land. With value concentrated in the land under a ~106-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 $2,181,281, 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 +18.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,188,231 by 2030, with an estimated annual tax burden around $66,175. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 1,819 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,819 SF | ✗ |
| 551 | PAVED AREA | 1,317 SF | ✗ |
| 051C | CARPORT DET 1ST COMM | 557 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 192 SF | ✗ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +1,012 |
| Travis County | 0.3444% | 0.3758% | +685 |
| Austin ISD | 0.9505% | 0.9252% | -552 |
| Travis Central Health | 0.1080% | 0.1180% | +219 |
| Austin Community College | 0.1013% | 0.1034% | +46 |
Market value changed by 224% 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% | $20,181.21 | $11,302.30 | $8,878.91 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $11,430.28 | $6,401.43 | $5,028.85 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $8,198.24 | $4,591.35 | $3,606.89 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,574.41 | $1,441.78 | $1,132.63 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,255.44 | $1,263.14 | $992.30 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $44,639.58 | $25,000.00 | $19,639.58 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,922,858 | $2,181,281 | -11.8% |
| Assessed Value | $1,922,858 | $2,181,281 | -11.8% |
| Land Value | $1,247,600 | $3,119,000 | -60.0% |
| Improvement Value | $675,258 | — | — |
| Taxable Value | $1,922,858 | $2,181,281 | -11.8% |
| Total Tax 2026 = estimate |
~$39,351
Estimated
|
$44,640 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,922,858 | $1,922,858 | +0 (+0.0%) |
| Taxable Value | $1,922,858 | $1,922,858 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,922,858 | $1,247,600 | $675,258 | — | $1,922,858 | $1,922,858 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,181,281 | $3,119,000 | — | — | $2,181,281 | $2,181,281 | $44,640 | Verified |
| 2024 | $2,157,334 | — | — | — | $3,119,000 ! | $— | $51,305 | Verified |
| 2023 | $1,033,624 | — | — | — | $3,119,000 ! | $— | $39,032 | Verified |
| 2022 | $1,099,600 | — | — | −$319,850 | $779,750 | $— | $20,413 | Verified |
| 2021 | $1,090,600 | — | — | −$310,850 | $779,750 | $— | $23,935 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -11.8% | -11.8% | ~100% | Not available | Partial |
| 2025 | -38.1% | -15.7% | ~100% | 2.0500% | Verified |
| 2024 | -1.2% | -27.4% | 73.4% | 1.4600% | Verified |
| 2023 | +224.5% ! | +224.5% | ~100% | 1.0900% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.8600% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +98.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -11.8% | +18.6% | +22.1% | +108.7% | 2024 | -11.8% | 2026 |
| Assessment Ratio | 100.0% | 131.5% | — | 301.8% | 2023 | 70.9% | 2022 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
| Tax Amount | $44,640 | $35,865 | ~$56,915 | $51,305 | 2024 | $20,413 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,594,019 | ~$2,399,409 | ~2.0139% | ~$48,323 | +18.9% |
| 2027 | ~$3,084,854 | ~$2,639,350 | ~1.9814% | ~$52,296 | +41.4% |
| 2028 | ~$3,668,565 | ~$2,903,285 | ~1.9488% | ~$56,580 | +68.2% |
| 2029 | ~$4,362,724 | ~$3,193,614 | ~1.9163% | ~$61,199 | +100.0% |
| 2030 | ~$5,188,231 | ~$3,512,975 | ~1.8837% | ~$66,175 | +137.9% |
| 2026 | ~$2,550,393 | ~$2,399,409 | ~2.0465% | ~$49,104 | +16.9% |
| 2027 | ~$2,981,966 | ~$2,639,350 | ~2.0465% | ~$54,014 | +36.7% |
| 2028 | ~$3,486,569 | ~$2,903,285 | ~2.0465% | ~$59,415 | +59.8% |
| 2029 | ~$4,076,560 | ~$3,193,614 | ~2.0465% | ~$65,357 | +86.9% |
| 2030 | ~$4,766,388 | ~$3,512,975 | ~2.0465% | ~$71,893 | +118.5% |
| 2026 | ~$2,637,645 | ~$2,399,409 | ~1.9977% | ~$47,932 | +20.9% |
| 2027 | ~$3,189,488 | ~$2,639,350 | ~1.9488% | ~$51,437 | +46.2% |
| 2028 | ~$3,856,786 | ~$2,903,285 | ~1.9000% | ~$55,163 | +76.8% |
| 2029 | ~$4,663,696 | ~$3,193,614 | ~1.8512% | ~$59,120 | +113.8% |
| 2030 | ~$5,639,426 | ~$3,512,975 | ~1.8024% | ~$63,317 | +158.5% |
In 2025, this property's market value of $2,181,281 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +54% 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 | $2,181,281 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,157,334 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,033,624 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,099,600 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $1,090,600 | $517,750 | $1,142,600 | $2,780,453 | ↓ Below 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.