2039 AIRPORT BLVD TX 78722
| Owner | 2039 AIRPORT LLC |
|---|---|
| Parcel ID | 0212131048 |
| Short ID | 204455 |
| Type | Real |
| Use Code | 31 Night Club / Bar |
| Valuation | Income |
| Improvement SF | 6,717 SF |
| Land SF | 61,666 SF |
| Acres | 1.416 |
| Year Built | 1966 |
| Legal | LOT 1 AIRPORT BUSINESS PARK SUBD |
| Neighborhood | 31CEN |
| Land | $4,933,280 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,933,280 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $4,460,597 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,460,597 |
| Value Limitation Adjustment (−) (homestead cap) | −$695,525 |
| Net Appraised (assessed) | $3,765,072 |
| Taxable Value | $3,765,072 |
|---|
Appreciation: Market value has risen +96.7% from $2,267,986 (2021) to $4,460,597 (2025), a CAGR of 18.4% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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 $77,052. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($3,765,072) is $695,525 below market value, suggesting potential for an upward assessment in future years.
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 111% of market value ($4,933,280 land vs $0 improvements), about $80/SF of land. With value concentrated in the land under a ~60-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 $4,460,597, this parcel sits in the top quartile (≥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 +18.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $10,389,240 by 2030, with an estimated annual tax burden around $114,224. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 10,448 SF | ✗ |
| 1ST | 1st Floor | 6,717 SF | ✓ |
| 501 | CANOPY | 1,573 SF | ✗ |
| 541 | FENCE COMM LF | 1,180 SF | ✗ |
| 611 | TERRACE | 273 SF | ✗ |
| 881 | COMMCL FINISHOUT | 168 SF | ✓ |
| 482 | LIGHT POLES | 2 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% | $34,834.45 | $34,834.45 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $19,729.62 | $19,729.62 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $14,150.83 | $14,150.83 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $4,443.65 | $4,443.65 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,893.08 | $3,893.08 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $77,051.63 | $77,051.63 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,460,597 | $4,460,597 | +0.0% |
| Assessed Value | $4,460,597 | $3,765,072 | +18.5% |
| Land Value | $4,933,280 | $4,933,280 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $4,460,597 | $3,765,072 | +18.5% |
| Total Tax 2026 = estimate |
~$91,285
Estimated
|
~$77,052
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $5,010,092 | $4,460,597 | -549,495 (-11.0%) |
| Taxable Value | $4,518,086 | $4,460,597 | -57,489 (-1.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,460,597 | $4,933,280 | — | — | $4,460,597 | $4,460,597 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,460,597 | $4,933,280 | — | −$695,525 | $3,765,072 | $3,765,072 | ~$77,052 | Partial |
| 2024 | $2,614,633 | — | — | — | $4,460,597 ! | $— | $60,722 | Verified |
| 2023 | $2,400,000 | — | — | — | $2,614,633 ! | $— | $46,200 | Verified |
| 2022 | $2,269,450 | — | — | — | $2,400,000 ! | $— | $47,398 | Verified |
| 2021 | $2,267,986 | — | — | −$109,676 | $2,158,310 | $— | $49,399 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +12.3% | +20.0% | 90.2% | Not available | Partial |
| 2025 | +0.0% | +20.0% | 84.4% | Not available | Partial |
| 2024 | +70.6% | +20.0% | 70.3% | 1.3600% | Verified |
| 2023 | +8.9% | +8.9% | ~100% | 1.7700% | Verified |
| 2022 | +5.8% | +5.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +96.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +17.1% | +18.4% | +70.6% | 2025 | +0.0% | 2026 |
| Assessment Ratio | 100.0% | 110.8% | — | 170.6% | 2024 | 84.4% | 2025 |
| Effective Tax Rate (2025) | 1.7300% | 1.7300% | — | 1.7300% | 2025 | 1.7300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$77,052 | $56,154 | ~$98,239 | $77,052 | 2025 | $46,200 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$5,282,398 | ~$4,141,579 | ~2.0139% | ~$83,409 | +18.4% |
| 2027 | ~$6,255,605 | ~$4,555,737 | ~1.9814% | ~$90,267 | +40.2% |
| 2028 | ~$7,408,111 | ~$5,011,311 | ~1.9488% | ~$97,662 | +66.1% |
| 2029 | ~$8,772,949 | ~$5,512,442 | ~1.9163% | ~$105,634 | +96.7% |
| 2030 | ~$10,389,240 | ~$6,063,686 | ~1.8837% | ~$114,224 | +132.9% |
| 2026 | ~$5,193,186 | ~$4,141,579 | ~2.0465% | ~$84,757 | +16.4% |
| 2027 | ~$6,046,093 | ~$4,555,737 | ~2.0465% | ~$93,232 | +35.5% |
| 2028 | ~$7,039,077 | ~$5,011,311 | ~2.0465% | ~$102,556 | +57.8% |
| 2029 | ~$8,195,145 | ~$5,512,442 | ~2.0465% | ~$112,811 | +83.7% |
| 2030 | ~$9,541,081 | ~$6,063,686 | ~2.0465% | ~$124,092 | +113.9% |
| 2026 | ~$5,371,610 | ~$4,141,579 | ~1.9977% | ~$82,735 | +20.4% |
| 2027 | ~$6,468,685 | ~$4,555,737 | ~1.9488% | ~$88,784 | +45.0% |
| 2028 | ~$7,789,821 | ~$5,011,311 | ~1.9000% | ~$95,216 | +74.6% |
| 2029 | ~$9,380,781 | ~$5,512,442 | ~1.8512% | ~$102,046 | +110.3% |
| 2030 | ~$11,296,672 | ~$6,063,686 | ~1.8024% | ~$109,290 | +153.3% |
In 2025, this property's market value of $4,460,597 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 3× 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 | $4,460,597 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $2,614,633 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,400,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,269,450 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,267,986 | $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.