2021 AIRPORT BLVD TX 78722
| Owner | EXTRA SPACE STORAGE INC |
|---|---|
| Parcel ID | 0212131032 |
| Short ID | 204444 |
| Type | Real |
| Use Code | 63 Mini-Warehouse / Self-Storage |
| Valuation | Income |
| Improvement SF | 77,388 SF |
| Land SF | 56,592 SF |
| Acres | 1.299 |
| Year Built | 2021 |
| Legal | PT LT 1 OLT 50 DIV B MCDONALD SUBD & PT LT 11-14 RSB LT 2-3 & 0.2575AC & CEN 107'' LT 3-A DOLORES SUBD |
| Neighborhood | 1EA2 |
| Land | $4,527,346 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,527,346 |
| Improvement | $14,471,654 |
|---|---|
| Total Improvement | $14,471,654 |
| Market | $18,999,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $18,999,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $18,999,000 |
| Taxable Value | $18,999,000 |
|---|
Appreciation: Market value has risen +1964.5% from $920,249 (2021) to $18,999,000 (2025), a CAGR of 113.2% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2023), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Land/Vacant parcel countywide rose +487.2%, so this parcel has outpaced the broader land/vacant 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 $388,812. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Land / Vacant. 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 24% of market value ($4,527,346 land vs $14,471,654 improvements), about $80/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $18,999,000, this parcel sits in the top quartile (≥75th percentile) of Land/Vacant property in Travis County — county median $85,028 (P25 $24,862 / P75 $363,420, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +113.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $836,108,192 by 2030, with an estimated annual tax burden around $576,389. 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 | 25,796 SF | ✓ |
| 2ND | 2nd Floor | 25,796 SF | ✓ |
| 3RD | 3rd Floor | 25,796 SF | ✓ |
| 551 | PAVED AREA | 17,000 SF | ✗ |
Market value changed by 932% in 2022, 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% | $163,937.00 | $163,937.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $92,851.03 | $92,851.03 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $66,596.31 | $66,596.31 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $20,912.60 | $20,912.60 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $18,321.54 | $18,321.54 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $362,618.48 | $362,618.48 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $18,769,000 | $18,999,000 | -1.2% |
| Assessed Value | $18,769,000 | $18,999,000 | -1.2% |
| Land Value | $4,527,346 | $4,527,346 | +0.0% |
| Improvement Value | $14,241,654 | $14,471,654 | -1.6% |
| Taxable Value | $18,769,000 | $18,999,000 | -1.2% |
| Total Tax 2026 = estimate |
~$384,105
Estimated
|
~$362,618
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $19,700,957 | $18,769,000 | -931,957 (-4.7%) |
| Taxable Value | $19,700,957 | $18,769,000 | -931,957 (-4.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $18,769,000 | $4,527,346 | $14,241,654 | — | $18,769,000 | $18,769,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $18,999,000 | $4,527,346 | $14,471,654 | — | $18,999,000 | $18,999,000 | ~$362,618 | Partial |
| 2024 | $19,700,000 | — | — | −$15,172,654 | $4,527,346 | $— | $390,797 | Verified |
| 2023 | $19,000,000 | — | — | −$14,472,654 | $4,527,346 | $— | $356,847 | Verified |
| 2022 | $— | — | — | — | $2,263,673 | $— | $376,660 | Verified |
| 2021 | $920,249 | — | — | — | $920,249 | $— | $43,114 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.7% | +3.7% | ~100% | Not available | Partial |
| 2025 | -10.2% | -10.2% | ~100% | Not available | Partial |
| 2024 | +5.1% | +5.1% | ~100% | 1.8500% | Verified |
| 2023 | -1.5% | -1.5% | ~100% | 1.7700% | Verified |
| 2022 | +932.1% ! | +932.1% | ~100% | 1.8400% | Verified |
| 2021 | base year | — | ~100% | 4.6900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +859.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.2% | +490.9% | +113.7% | +1964.7% | 2023 | -3.6% | 2025 |
| Assessment Ratio | 100.0% | 69.4% | — | 100.0% | 2021 | 23.0% | 2024 |
| Effective Tax Rate (2025) | 1.9100% | 1.9100% | — | 1.9100% | 2025 | 1.9100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$362,618 | $288,344 | ~$495,727 | $390,797 | 2024 | $43,114 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$40,498,328 | ~$20,898,900 | ~2.0139% | ~$420,891 | +113.2% |
| 2027 | ~$86,326,362 | ~$22,988,790 | ~1.9814% | ~$455,497 | +354.4% |
| 2028 | ~$184,013,542 | ~$25,287,669 | ~1.9488% | ~$492,816 | +868.5% |
| 2029 | ~$392,243,839 | ~$27,816,436 | ~1.9163% | ~$533,044 | +1964.5% |
| 2030 | ~$836,108,192 | ~$30,598,079 | ~1.8837% | ~$576,389 | +4300.8% |
| 2026 | ~$40,118,348 | ~$20,898,900 | ~2.0465% | ~$427,693 | +111.2% |
| 2027 | ~$84,714,028 | ~$22,988,790 | ~2.0465% | ~$470,462 | +345.9% |
| 2028 | ~$178,882,406 | ~$25,287,669 | ~2.0465% | ~$517,508 | +841.5% |
| 2029 | ~$377,728,646 | ~$27,816,436 | ~2.0465% | ~$569,259 | +1888.2% |
| 2030 | ~$797,612,988 | ~$30,598,079 | ~2.0465% | ~$626,185 | +4098.2% |
| 2026 | ~$40,878,308 | ~$20,898,900 | ~1.9977% | ~$417,489 | +115.2% |
| 2027 | ~$87,953,894 | ~$22,988,790 | ~1.9488% | ~$448,015 | +362.9% |
| 2028 | ~$189,241,873 | ~$25,287,669 | ~1.9000% | ~$480,470 | +896.1% |
| 2029 | ~$407,173,405 | ~$27,816,436 | ~1.8512% | ~$514,936 | +2043.1% |
| 2030 | ~$876,075,568 | ~$30,598,079 | ~1.8024% | ~$551,491 | +4511.2% |
In 2025, this property's market value of $18,999,000 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 223× the county median of $85,028. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $18,999,000 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | $19,700,000 | $23,000 | $66,000 | $330,000 | ↑ Top 25% | +0.0% |
| 2023 | $19,000,000 | $25,000 | $71,500 | $271,439 | ↑ Top 25% | +0.0% |
| 2022 | — | $15,000 | $55,000 | $180,463 | — | +100.0% |
| 2021 | $920,249 | $6,000 | $14,480 | $80,000 | ↑ Top 25% | 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.