500 W 18 ST TX 78701
| Owner | WUKASCH PROPERTIES LTD L L P |
|---|---|
| Parcel ID | 0210021205 |
| Short ID | 199782 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 2,080 SF |
| Land SF | 6,440 SF |
| Acres | 0.148 |
| Year Built | 1955 |
| Legal | LOT 6 OLT 27 DIVISION E |
| Neighborhood | 59CBD |
| Land | $3,220,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,220,000 |
| Improvement | $84,427 |
|---|---|
| Total Improvement | $84,427 |
| Market | $3,304,427 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,304,427 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,304,427 |
| Taxable Value | $3,304,427 |
|---|
Appreciation: Market value has risen +182.7% from $1,168,900 (2021) to $3,304,427 (2025), a CAGR of 29.7% 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 $67,625. 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 97% of market value ($3,220,000 land vs $84,427 improvements), about $500/SF of land. With value concentrated in the land under a ~71-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 $3,304,427, 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 +29.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $12,112,803 by 2030, with an estimated annual tax burden around $100,249. 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 |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,080 SF | ✗ |
| 551 | PAVED AREA | 1,970 SF | ✗ |
| 1ST | 1st Floor | 1,120 SF | ✓ |
| 2ND | 2nd Floor | 960 SF | ✓ |
| 512C | DECK UNCOVRED COMM | 48 SF | ✗ |
Market value changed by 180% 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% | $30,572.56 | $30,572.56 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $17,315.76 | $17,315.76 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $12,419.52 | $12,419.52 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,899.98 | $3,899.98 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,416.78 | $3,416.78 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $67,624.60 | $67,624.60 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,635,723 | $3,304,427 | -50.5% |
| Assessed Value | $1,635,723 | $3,304,427 | -50.5% |
| Land Value | $1,610,000 | $3,220,000 | -50.0% |
| Improvement Value | $25,723 | $84,427 | -69.5% |
| Taxable Value | $1,635,723 | $3,304,427 | -50.5% |
| Total Tax 2026 = estimate |
~$33,475
Estimated
|
~$67,625
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,162,584 | $1,635,723 | -526,861 (-24.4%) |
| Taxable Value | $2,162,584 | $1,635,723 | -526,861 (-24.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,635,723 | $1,610,000 | $25,723 | — | $1,635,723 | $1,635,723 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,304,427 | $3,220,000 | $84,427 | — | $3,304,427 | $3,304,427 | ~$67,625 | Partial |
| 2024 | $3,100,000 | — | — | — | $3,220,000 ! | $— | $65,627 | Verified |
| 2023 | $1,206,437 | — | — | — | $3,220,000 ! | $— | $56,359 | Verified |
| 2022 | $1,206,437 | — | — | −$240,437 | $966,000 | $— | $23,826 | Verified |
| 2021 | $1,168,900 | — | — | −$202,900 | $966,000 | $— | $26,260 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -34.6% | -34.6% | ~100% | Not available | Partial |
| 2025 | -6.2% | -6.2% | ~100% | Not available | Partial |
| 2024 | +4.4% | +4.4% | ~100% | 1.8600% | Verified |
| 2023 | +179.9% ! | +179.9% | ~100% | 1.6700% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +173.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -50.5% | +23.3% | +56.1% | +157.0% | 2024 | -50.5% | 2026 |
| Assessment Ratio | 100.0% | 122.2% | — | 266.9% | 2023 | 80.1% | 2022 |
| 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 |
$67,625 | $47,939 | ~$86,220 | $67,625 | 2025 | $23,826 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,284,754 | ~$3,634,870 | ~2.0139% | ~$73,204 | +29.7% |
| 2027 | ~$5,555,915 | ~$3,998,357 | ~1.9814% | ~$79,223 | +68.1% |
| 2028 | ~$7,204,192 | ~$4,398,192 | ~1.9488% | ~$85,714 | +118.0% |
| 2029 | ~$9,341,464 | ~$4,838,012 | ~1.9163% | ~$92,710 | +182.7% |
| 2030 | ~$12,112,803 | ~$5,321,813 | ~1.8837% | ~$100,249 | +266.6% |
| 2026 | ~$4,218,665 | ~$3,634,870 | ~2.0465% | ~$74,387 | +27.7% |
| 2027 | ~$5,385,846 | ~$3,998,357 | ~2.0465% | ~$81,826 | +63.0% |
| 2028 | ~$6,875,952 | ~$4,398,192 | ~2.0465% | ~$90,008 | +108.1% |
| 2029 | ~$8,778,327 | ~$4,838,012 | ~2.0465% | ~$99,009 | +165.7% |
| 2030 | ~$11,207,033 | ~$5,321,813 | ~2.0465% | ~$108,910 | +239.2% |
| 2026 | ~$4,350,842 | ~$3,634,870 | ~1.9977% | ~$72,612 | +31.7% |
| 2027 | ~$5,728,627 | ~$3,998,357 | ~1.9488% | ~$77,922 | +73.4% |
| 2028 | ~$7,542,715 | ~$4,398,192 | ~1.9000% | ~$83,566 | +128.3% |
| 2029 | ~$9,931,272 | ~$4,838,012 | ~1.8512% | ~$89,561 | +200.5% |
| 2030 | ~$13,076,214 | ~$5,321,813 | ~1.8024% | ~$95,919 | +295.7% |
In 2025, this property's market value of $3,304,427 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +133% 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 | $3,304,427 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $3,100,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,206,437 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,206,437 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $1,168,900 | $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.