1805 AIRPORT BLVD AUSTIN, TX 78702
| Owner | SLUSSER TERRENCE E |
|---|---|
| Parcel ID | 0212150105 |
| Short ID | 204468 |
| Type | Real |
| Use Code | 33 Fast Food Restaurant |
| Valuation | Income |
| Improvement SF | 1,224 SF |
| Land SF | 24,057 SF |
| Acres | 0.552 |
| Year Built | 1977 |
| Legal | LOT 5 AIRPORT-KING SUBD SEC 5 |
| Neighborhood | 33CEN |
| Land | $1,924,560 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,924,560 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,842,569 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,842,569 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,842,569 |
| Exemptions (−) (DV) | −$12,000 |
|---|---|
| Taxable Value | $1,830,569 |
Appreciation: Market value has risen +136.5% from $779,151 (2021) to $1,842,569 (2025), a CAGR of 24.0% 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 $37,462. 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 104% of market value ($1,924,560 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 $1,842,569, 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 +24.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,403,516 by 2030, with an estimated annual tax burden around $55,900. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 21,432 SF | ✗ |
| 1ST | 1st Floor | 1,224 SF | ✓ |
| 541 | FENCE COMM LF | 180 SF | ✗ |
Market value changed by 89% in 2023, 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% | $17,047.45 | $17,047.45 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $9,655.37 | $9,655.37 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,925.20 | $6,925.20 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,174.66 | $2,174.66 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,905.22 | $1,905.22 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $37,707.90 | $37,707.90 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,842,569 | $1,842,569 | +0.0% |
| Assessed Value | $1,842,569 | $1,842,569 | +0.0% |
| Land Value | $1,924,560 | $1,924,560 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $1,842,569 | $1,830,569 | +0.7% |
| Exemptions | — | DV | |
| Total Tax 2026 = estimate |
~$37,708
Estimated
|
~$37,708
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,965,051 | $1,842,569 | -122,482 (-6.2%) |
| Taxable Value | $1,965,051 | $1,842,569 | -122,482 (-6.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,842,569 | $1,924,560 | — | — | $1,842,569 | $1,842,569 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,842,569 | $1,924,560 | — | — | $1,842,569 | $1,830,569 | ~$37,708 | Partial |
| 2024 | $1,925,000 | — | — | −$191,896 | $1,733,104 | $— | $34,335 | Verified |
| 2023 | $1,000,000 | — | — | — | $1,924,560 ! | $— | $34,816 | Verified |
| 2022 | $900,069 | — | — | — | $962,280 ! | $— | $19,512 | Verified |
| 2021 | $779,151 | — | — | — | $841,995 ! | $— | $19,330 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +6.6% | +6.6% | ~100% | Not available | Partial |
| 2025 | +6.3% | +6.3% | ~100% | Not available | Partial |
| 2024 | -10.0% | -10.0% | ~100% | 1.9800% | Verified |
| 2023 | +88.5% ! | +88.5% | ~100% | 1.8100% | Verified |
| 2022 | +13.4% | +13.4% | ~100% | 1.9100% | Verified |
| 2021 | base year | — | ~100% | 2.4800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +104.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +23.0% | +24.0% | +92.5% | 2024 | -4.3% | 2025 |
| Assessment Ratio | 100.0% | 116.2% | — | 192.5% | 2023 | 90.0% | 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 |
$37,708 | $29,140 | ~$48,077 | $37,708 | 2025 | $19,330 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,284,937 | ~$2,026,826 | ~2.0139% | ~$40,819 | +24.0% |
| 2027 | ~$2,833,510 | ~$2,229,508 | ~1.9814% | ~$44,175 | +53.8% |
| 2028 | ~$3,513,786 | ~$2,452,459 | ~1.9488% | ~$47,794 | +90.7% |
| 2029 | ~$4,357,385 | ~$2,697,705 | ~1.9163% | ~$51,696 | +136.5% |
| 2030 | ~$5,403,516 | ~$2,967,476 | ~1.8837% | ~$55,900 | +193.3% |
| 2026 | ~$2,248,086 | ~$2,026,826 | ~2.0465% | ~$41,479 | +22.0% |
| 2027 | ~$2,742,850 | ~$2,229,508 | ~2.0465% | ~$45,627 | +48.9% |
| 2028 | ~$3,346,503 | ~$2,452,459 | ~2.0465% | ~$50,189 | +81.6% |
| 2029 | ~$4,083,009 | ~$2,697,705 | ~2.0465% | ~$55,208 | +121.6% |
| 2030 | ~$4,981,608 | ~$2,967,476 | ~2.0465% | ~$60,729 | +170.4% |
| 2026 | ~$2,321,789 | ~$2,026,826 | ~1.9977% | ~$40,489 | +26.0% |
| 2027 | ~$2,925,645 | ~$2,229,508 | ~1.9488% | ~$43,450 | +58.8% |
| 2028 | ~$3,686,554 | ~$2,452,459 | ~1.9000% | ~$46,597 | +100.1% |
| 2029 | ~$4,645,361 | ~$2,697,705 | ~1.8512% | ~$49,940 | +152.1% |
| 2030 | ~$5,853,538 | ~$2,967,476 | ~1.8024% | ~$53,485 | +217.7% |
In 2025, this property's market value of $1,842,569 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +30% 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 | $1,842,569 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,925,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,000,000 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $900,069 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $779,151 | $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.