3235 E M L KING JR BLVD TX 78721
| Owner | AROM HOLDINGS |
|---|---|
| Parcel ID | 0212150106 |
| Short ID | 204469 |
| Type | Real |
| Use Code | 83 Service / Repair Garage |
| Valuation | Income |
| Improvement SF | 2,800 SF |
| Land SF | 12,535 SF |
| Acres | 0.288 |
| Year Built | 1977 |
| Legal | LOT 4A AIRPORT-KING SUBD SEC 4 |
| Neighborhood | 83EAS |
| Land | $752,100 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $752,100 |
| Improvement | $259,330 |
|---|---|
| Total Improvement | $259,330 |
| Market | $1,011,430 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,011,430 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,011,430 |
| Taxable Value | $1,011,430 |
|---|
| Total Due | $23,803.58 |
|---|---|
| First Delinquent | — |
Appreciation: Market value has risen +55.5% from $650,613 (2021) to $1,011,430 (2025), a CAGR of 11.7% 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 $20,699. 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 74% of market value ($752,100 land vs $259,330 improvements), about $60/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 $1,011,430, this parcel sits in the lower-middle (25th–50th 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 +11.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,755,708 by 2030, with an estimated annual tax burden around $30,685. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
Delinquent Taxes: $23,803.58 in unpaid taxes . These become a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 5,600 SF | ✗ |
| 1ST | 1st Floor | 2,800 SF | ✓ |
| 881 | COMMCL FINISHOUT | 560 SF | ✓ |
| 501 | CANOPY | 468 SF | ✗ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +469 |
| Travis County | 0.3444% | 0.3758% | +318 |
| Austin ISD | 0.9505% | 0.9252% | -256 |
| Travis Central Health | 0.1080% | 0.1180% | +102 |
| Austin Community College | 0.1013% | 0.1034% | +21 |
This parcel has unpaid taxes on record. Delinquent taxes are a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
| 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% | $9,357.75 | $— | $9,357.75 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,300.07 | $— | $5,300.07 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,801.41 | $— | $3,801.41 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,193.72 | $— | $1,193.72 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,045.82 | $— | $1,045.82 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $20,698.77 | $0.00 | $20,698.77 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,034,455 | $1,011,430 | +2.3% |
| Assessed Value | $1,034,455 | $1,011,430 | +2.3% |
| Land Value | $752,100 | $752,100 | +0.0% |
| Improvement Value | $282,355 | $259,330 | +8.9% |
| Taxable Value | $1,034,455 | $1,011,430 | +2.3% |
| Total Tax 2026 = estimate |
~$21,170
Estimated
|
$20,699 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,034,455 | $1,034,455 | +0 (+0.0%) |
| Taxable Value | $1,034,455 | $1,034,455 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,034,455 | $752,100 | $282,355 | — | $1,034,455 | $1,034,455 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,011,430 | $752,100 | $259,330 | — | $1,011,430 | $1,011,430 | $20,699 | Verified |
| 2024 | $980,605 | — | — | −$228,505 | $752,100 | $— | $19,954 | Verified |
| 2023 | $728,209 | — | — | — | $752,100 ! | $— | $17,742 | Verified |
| 2022 | $659,104 | — | — | −$157,704 | $501,400 | $— | $14,382 | Verified |
| 2021 | $650,613 | — | — | −$211,888 | $438,725 | $— | $14,347 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.3% | +2.3% | ~100% | Not available | Partial |
| 2025 | +0.5% | +0.5% | ~100% | 2.0500% | Verified |
| 2024 | +2.7% | +2.7% | ~100% | 1.9800% | Verified |
| 2023 | +34.7% | +34.7% | ~100% | 1.8100% | Verified |
| 2022 | +10.5% | +10.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +53.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.3% | +10.4% | +11.2% | +34.7% | 2024 | +1.3% | 2022 |
| Assessment Ratio | 100.0% | 87.2% | — | 103.3% | 2023 | 67.4% | 2021 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
| Tax Amount | $20,699 | $17,425 | ~$26,391 | $20,699 | 2025 | $14,347 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,129,377 | ~$1,112,573 | ~2.0139% | ~$22,407 | +11.7% |
| 2027 | ~$1,261,079 | ~$1,223,830 | ~1.9814% | ~$24,249 | +24.7% |
| 2028 | ~$1,408,139 | ~$1,346,213 | ~1.9488% | ~$26,236 | +39.2% |
| 2029 | ~$1,572,349 | ~$1,480,835 | ~1.9163% | ~$28,377 | +55.5% |
| 2030 | ~$1,755,708 | ~$1,628,918 | ~1.8837% | ~$30,685 | +73.6% |
| 2026 | ~$1,109,149 | ~$1,109,149 | ~2.0465% | ~$22,699 | +9.7% |
| 2027 | ~$1,216,309 | ~$1,216,309 | ~2.0465% | ~$24,892 | +20.3% |
| 2028 | ~$1,333,822 | ~$1,333,822 | ~2.0465% | ~$27,296 | +31.9% |
| 2029 | ~$1,462,688 | ~$1,462,688 | ~2.0465% | ~$29,934 | +44.6% |
| 2030 | ~$1,604,005 | ~$1,604,005 | ~2.0465% | ~$32,826 | +58.6% |
| 2026 | ~$1,149,606 | ~$1,112,573 | ~1.9977% | ~$22,225 | +13.7% |
| 2027 | ~$1,306,659 | ~$1,223,830 | ~1.9488% | ~$23,850 | +29.2% |
| 2028 | ~$1,485,168 | ~$1,346,213 | ~1.9000% | ~$25,578 | +46.8% |
| 2029 | ~$1,688,063 | ~$1,480,835 | ~1.8512% | ~$27,413 | +66.9% |
| 2030 | ~$1,918,677 | ~$1,628,918 | ~1.8024% | ~$29,359 | +89.7% |
In 2025, this property's market value of $1,011,430 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -29% below 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 | $1,011,430 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $980,605 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $728,209 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $659,104 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $650,613 | $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.