2403 E 16 ST TX 78702
| Owner | ZADA NEW HOPE LLC |
|---|---|
| Parcel ID | 0210110902 |
| Short ID | 200295 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 7,200 SF |
| Land SF | 19,375 SF |
| Acres | 0.445 |
| Year Built | 1938 |
| Legal | LOT 10-12 BLK 14 OLT 32&33 DIV B GLENWOOD ADDN |
| Neighborhood | 53EAS |
| Land | $775,020 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $775,020 |
| Improvement | $2,035,701 |
|---|---|
| Total Improvement | $2,035,701 |
| Market | $2,810,721 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,810,721 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,810,721 |
| Taxable Value | $2,810,721 |
|---|
Appreciation: Market value has risen +69.8% from $1,655,251 (2021) to $2,810,721 (2025), a CAGR of 14.2% 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 $57,521. 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 28% of market value ($775,020 land vs $2,035,701 improvements), about $40/SF of land. Most value sits in the improvements, so building condition, age (~88 yrs), and rent roll drive the underwriting.
Submarket Position: At $2,810,721, 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 +14.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,448,288 by 2030, with an estimated annual tax burden around $85,271. 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 | 10,300 SF | ✗ |
| 1ST | 1st Floor | 4,720 SF | ✓ |
| 2ND | 2nd Floor | 2,480 SF | ✓ |
| 611 | TERRACE | 427 SF | ✗ |
| 511 | DECK | 288 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% | $26,004.79 | $26,004.79 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $14,728.66 | $14,728.66 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $10,563.95 | $10,563.95 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,317.30 | $3,317.30 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,906.29 | $2,906.29 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $57,520.99 | $57,520.99 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,424,187 | $2,810,721 | -13.8% |
| Assessed Value | $2,424,187 | $2,810,721 | -13.8% |
| Land Value | $775,020 | $775,020 | +0.0% |
| Improvement Value | $1,649,167 | $2,035,701 | -19.0% |
| Taxable Value | $2,424,187 | $2,810,721 | -13.8% |
| Total Tax 2026 = estimate |
~$49,611
Estimated
|
~$57,521
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,786,422 | $2,424,187 | -362,235 (-13.0%) |
| Taxable Value | $2,786,422 | $2,424,187 | -362,235 (-13.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,424,187 | $775,020 | $1,649,167 | — | $2,424,187 | $2,424,187 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,810,721 | $775,020 | $2,035,701 | — | $2,810,721 | $2,810,721 | ~$57,521 | Partial |
| 2024 | $2,967,400 | — | — | −$2,192,380 | $775,020 | $— | $55,915 | Verified |
| 2023 | $2,250,000 | — | — | −$1,474,980 | $775,020 | $— | $53,688 | Verified |
| 2022 | $1,733,000 | — | — | −$957,980 | $775,020 | $— | $44,436 | Verified |
| 2021 | $1,655,251 | — | — | −$880,231 | $775,020 | $— | $37,722 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -0.9% | -0.9% | ~100% | Not available | Partial |
| 2025 | -0.4% | -0.4% | ~100% | Not available | Partial |
| 2024 | -10.6% | -10.6% | ~100% | 1.9800% | Verified |
| 2023 | +40.3% | +40.3% | ~100% | 1.7000% | Verified |
| 2022 | +29.8% | +29.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +62.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -13.8% | +9.5% | +17.8% | +31.9% | 2024 | -13.8% | 2026 |
| Assessment Ratio | 100.0% | 58.7% | — | 100.0% | 2025 | 26.1% | 2024 |
| 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 |
$57,521 | $49,856 | ~$73,338 | $57,521 | 2025 | $37,722 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,208,531 | ~$3,091,793 | ~2.0139% | ~$62,267 | +14.2% |
| 2027 | ~$3,662,644 | ~$3,400,972 | ~1.9814% | ~$67,386 | +30.3% |
| 2028 | ~$4,181,029 | ~$3,741,070 | ~1.9488% | ~$72,907 | +48.8% |
| 2029 | ~$4,772,782 | ~$4,115,177 | ~1.9163% | ~$78,859 | +69.8% |
| 2030 | ~$5,448,288 | ~$4,526,694 | ~1.8837% | ~$85,271 | +93.8% |
| 2026 | ~$3,152,316 | ~$3,091,793 | ~2.0465% | ~$63,273 | +12.2% |
| 2027 | ~$3,535,427 | ~$3,400,972 | ~2.0465% | ~$69,600 | +25.8% |
| 2028 | ~$3,965,098 | ~$3,741,070 | ~2.0465% | ~$76,560 | +41.1% |
| 2029 | ~$4,446,988 | ~$4,115,177 | ~2.0465% | ~$84,216 | +58.2% |
| 2030 | ~$4,987,444 | ~$4,526,694 | ~2.0465% | ~$92,638 | +77.4% |
| 2026 | ~$3,264,745 | ~$3,091,793 | ~1.9977% | ~$61,764 | +16.2% |
| 2027 | ~$3,792,109 | ~$3,400,972 | ~1.9488% | ~$66,279 | +34.9% |
| 2028 | ~$4,404,660 | ~$3,741,070 | ~1.9000% | ~$71,081 | +56.7% |
| 2029 | ~$5,116,158 | ~$4,115,177 | ~1.8512% | ~$76,180 | +82.0% |
| 2030 | ~$5,942,586 | ~$4,526,694 | ~1.8024% | ~$81,588 | +111.4% |
In 2025, this property's market value of $2,810,721 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +98% 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 | $2,810,721 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,967,400 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,250,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,733,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,655,251 | $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.