1823 AIRPORT BLVD TX 78702
| Owner | ZUBHA REALTY LP |
|---|---|
| Parcel ID | 0212150103 |
| Short ID | 204466 |
| Type | Real |
| Use Code | 33 Fast Food Restaurant |
| Valuation | Income |
| Improvement SF | 2,075 SF |
| Land SF | 27,974 SF |
| Acres | 0.642 |
| Year Built | 1977 |
| Legal | LOT 4B AIRPORT-KING SUBD SEC 4 |
| Neighborhood | 33CEN |
| Land | $2,237,920 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,237,920 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $2,082,080 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,082,080 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,082,080 |
| Taxable Value | $2,082,080 |
|---|
Appreciation: Market value has risen +71.2% from $1,215,930 (2021) to $2,082,080 (2025), a CAGR of 14.4% 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 $42,609. 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 107% of market value ($2,237,920 land vs $0 improvements), about $80/SF of land. With value concentrated in the land under a ~49-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 $2,082,080, 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 +14.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,078,340 by 2030, with an estimated annual tax burden around $63,166. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 10,440 SF | ✗ |
| 1ST | 1st Floor | 2,075 SF | ✓ |
| 611 | TERRACE | 750 SF | ✗ |
| 482 | LIGHT POLES | 4 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% | $19,263.40 | $19,263.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $10,910.45 | $10,910.45 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,825.39 | $7,825.39 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,457.33 | $2,457.33 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,152.87 | $2,152.87 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $42,609.44 | $42,609.44 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,742,701 | $2,082,080 | -16.3% |
| Assessed Value | $1,742,701 | $2,082,080 | -16.3% |
| Land Value | $1,678,440 | $2,237,920 | -25.0% |
| Improvement Value | $64,261 | — | — |
| Taxable Value | $1,742,701 | $2,082,080 | -16.3% |
| Total Tax 2026 = estimate |
~$35,664
Estimated
|
~$42,609
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,302,181 | $1,742,701 | -559,480 (-24.3%) |
| Taxable Value | $2,302,181 | $1,742,701 | -559,480 (-24.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,742,701 | $1,678,440 | $64,261 | — | $1,742,701 | $1,742,701 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,082,080 | $2,237,920 | — | — | $2,082,080 | $2,082,080 | ~$42,609 | Partial |
| 2024 | $1,898,000 | — | — | — | $2,000,000 ! | $— | $37,673 | Verified |
| 2023 | $1,211,323 | — | — | — | $2,000,000 ! | $— | $34,440 | Verified |
| 2022 | $1,265,183 | — | — | −$146,223 | $1,118,960 | $— | $23,710 | Verified |
| 2021 | $1,215,930 | — | — | −$236,840 | $979,090 | $— | $27,539 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +10.6% | +10.6% | ~100% | Not available | Partial |
| 2025 | +4.1% | +4.1% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.8800% | Verified |
| 2023 | +65.1% | +65.1% | ~100% | 1.7200% | Verified |
| 2022 | -4.3% | -4.3% | ~100% | 1.9600% | Verified |
| 2021 | base year | — | ~100% | 2.2600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +64.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -16.3% | +10.0% | +18.8% | +56.7% | 2024 | -16.3% | 2026 |
| Assessment Ratio | 100.0% | 106.6% | — | 165.1% | 2023 | 80.5% | 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 |
$42,609 | $33,194 | ~$54,326 | $42,609 | 2025 | $23,710 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,381,741 | ~$2,290,288 | ~2.0139% | ~$46,125 | +14.4% |
| 2027 | ~$2,724,531 | ~$2,519,317 | ~1.9814% | ~$49,917 | +30.9% |
| 2028 | ~$3,116,657 | ~$2,771,248 | ~1.9488% | ~$54,007 | +49.7% |
| 2029 | ~$3,565,219 | ~$3,048,373 | ~1.9163% | ~$58,416 | +71.2% |
| 2030 | ~$4,078,340 | ~$3,353,211 | ~1.8837% | ~$63,166 | +95.9% |
| 2026 | ~$2,340,100 | ~$2,290,288 | ~2.0465% | ~$46,870 | +12.4% |
| 2027 | ~$2,630,095 | ~$2,519,317 | ~2.0465% | ~$51,557 | +26.3% |
| 2028 | ~$2,956,027 | ~$2,771,248 | ~2.0465% | ~$56,713 | +42.0% |
| 2029 | ~$3,322,350 | ~$3,048,373 | ~2.0465% | ~$62,384 | +59.6% |
| 2030 | ~$3,734,069 | ~$3,353,211 | ~2.0465% | ~$68,623 | +79.3% |
| 2026 | ~$2,423,383 | ~$2,290,288 | ~1.9977% | ~$45,752 | +16.4% |
| 2027 | ~$2,820,634 | ~$2,519,317 | ~1.9488% | ~$49,097 | +35.5% |
| 2028 | ~$3,283,004 | ~$2,771,248 | ~1.9000% | ~$52,654 | +57.7% |
| 2029 | ~$3,821,167 | ~$3,048,373 | ~1.8512% | ~$56,431 | +83.5% |
| 2030 | ~$4,447,549 | ~$3,353,211 | ~1.8024% | ~$60,437 | +113.6% |
In 2025, this property's market value of $2,082,080 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +47% 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 | $2,082,080 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,898,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,211,323 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,265,183 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,215,930 | $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.