600 W M L KING JR BLVD TX 78701
| Owner | WUKASCH PROPERTIES LTD L L P |
|---|---|
| Parcel ID | 0212011509 |
| Short ID | 203782 |
| Type | Real |
| Use Code | 32 Restaurant |
| Valuation | Income |
| Improvement SF | 1,865 SF |
| Land SF | 7,108 SF |
| Acres | 0.163 |
| Year Built | 1969 |
| Legal | LOT 7 *LESS N 10FT OLT 23 DIV D HORSTS LOUIS SUBD |
| Neighborhood | 32CEN |
| Land | $1,599,300 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,599,300 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,556,633 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,556,633 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,556,633 |
| Taxable Value | $1,556,633 |
|---|
Appreciation: Market value has risen +65.1% from $943,000 (2021) to $1,556,633 (2025), a CAGR of 13.3% 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 $31,856. 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 103% of market value ($1,599,300 land vs $0 improvements), about $225/SF of land. With value concentrated in the land under a ~57-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 $1,556,633, 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 +13.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,912,590 by 2030, with an estimated annual tax burden around $47,225. 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 | 4,200 SF | ✗ |
| 1ST | 1st Floor | 1,865 SF | ✓ |
| 511 | DECK | 200 SF | ✗ |
| 611 | TERRACE | 120 SF | ✗ |
| 327 | STORAGE COMM'L | 40 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% | $14,401.97 | $14,401.97 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $8,157.02 | $8,157.02 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,850.53 | $5,850.53 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,837.18 | $1,837.18 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,609.56 | $1,609.56 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $31,856.26 | $31,856.26 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,599,301 | $1,556,633 | +2.7% |
| Assessed Value | $1,599,301 | $1,556,633 | +2.7% |
| Land Value | $1,599,300 | $1,599,300 | +0.0% |
| Improvement Value | $1 | — | — |
| Taxable Value | $1,599,301 | $1,556,633 | +2.7% |
| Total Tax 2026 = estimate |
~$32,729
Estimated
|
~$31,856
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,639,087 | $1,599,301 | -39,786 (-2.4%) |
| Taxable Value | $1,639,087 | $1,599,301 | -39,786 (-2.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,599,301 | $1,599,300 | $1 | — | $1,599,301 | $1,599,301 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,556,633 | $1,599,300 | — | — | $1,556,633 | $1,556,633 | ~$31,856 | Partial |
| 2024 | $1,475,000 | — | — | — | $1,556,633 ! | $— | $30,850 | Verified |
| 2023 | $979,402 | — | — | — | $1,475,000 ! | $— | $26,686 | Verified |
| 2022 | $943,862 | — | — | −$19,822 | $924,040 | $— | $19,342 | Verified |
| 2021 | $943,000 | — | — | −$54,500 | $888,500 | $— | $20,545 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +5.3% | +5.3% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +5.5% | +5.5% | ~100% | 1.9800% | Verified |
| 2023 | +50.6% | +50.6% | ~100% | 1.8100% | Verified |
| 2022 | +3.8% | +3.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +64.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.7% | +12.5% | +12.7% | +50.6% | 2024 | +0.1% | 2022 |
| Assessment Ratio | 100.0% | 108.0% | — | 150.6% | 2023 | 94.2% | 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 |
$31,856 | $25,856 | ~$40,616 | $31,856 | 2025 | $19,342 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,764,432 | ~$1,712,296 | ~2.0139% | ~$34,485 | +13.3% |
| 2027 | ~$1,999,970 | ~$1,883,526 | ~1.9814% | ~$37,320 | +28.5% |
| 2028 | ~$2,266,951 | ~$2,071,879 | ~1.9488% | ~$40,378 | +45.6% |
| 2029 | ~$2,569,572 | ~$2,279,066 | ~1.9163% | ~$43,674 | +65.1% |
| 2030 | ~$2,912,590 | ~$2,506,973 | ~1.8837% | ~$47,225 | +87.1% |
| 2026 | ~$1,733,299 | ~$1,712,296 | ~2.0465% | ~$35,042 | +11.3% |
| 2027 | ~$1,930,015 | ~$1,883,526 | ~2.0465% | ~$38,546 | +24.0% |
| 2028 | ~$2,149,058 | ~$2,071,879 | ~2.0465% | ~$42,401 | +38.1% |
| 2029 | ~$2,392,960 | ~$2,279,066 | ~2.0465% | ~$46,641 | +53.7% |
| 2030 | ~$2,664,542 | ~$2,506,973 | ~2.0465% | ~$51,305 | +71.2% |
| 2026 | ~$1,795,564 | ~$1,712,296 | ~1.9977% | ~$34,206 | +15.3% |
| 2027 | ~$2,071,170 | ~$1,883,526 | ~1.9488% | ~$36,707 | +33.1% |
| 2028 | ~$2,389,079 | ~$2,071,879 | ~1.9000% | ~$39,366 | +53.5% |
| 2029 | ~$2,755,785 | ~$2,279,066 | ~1.8512% | ~$42,190 | +77.0% |
| 2030 | ~$3,178,777 | ~$2,506,973 | ~1.8024% | ~$45,185 | +104.2% |
In 2025, this property's market value of $1,556,633 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +10% 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 | $1,556,633 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,475,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $979,402 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $943,862 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $943,000 | $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.