5710 E M L KING JR BLVD TX 78721
| Owner | SOUTHWEST KEY PROGRAMS INC |
|---|---|
| Parcel ID | 0213260303 |
| Short ID | 205645 |
| Type | Real |
| Use Code | 61 Warehouse (<20,000 SF) |
| Valuation | Cost |
| Improvement SF | 3,600 SF |
| Land SF | 192,230 SF |
| Acres | 4.413 |
| Year Built | 1966 |
| Legal | 4.4130 AC OF LOT 3 REISSIG SUBD |
| Neighborhood | 61EAS |
| Land | $2,450,936 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,450,936 |
| Improvement | $145,768 |
|---|---|
| Total Improvement | $145,768 |
| Market | $2,596,704 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,596,704 |
| Value Limitation Adjustment (−) (homestead cap) | −$44,864 |
| Net Appraised (assessed) | $2,551,840 |
| Taxable Value | $2,551,840 |
|---|
Appreciation: Market value has risen +137.9% from $1,091,287 (2021) to $2,596,704 (2025), a CAGR of 24.2% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $52,223. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($2,551,840) is $44,864 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 94% of market value ($2,450,936 land vs $145,768 improvements), about $13/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 $2,596,704, 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 +24.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $7,674,088 by 2030, with an estimated annual tax burden around $77,417. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 3,600 SF | ✓ |
| 531 | OBS FENCE | 1 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% | $23,609.62 | $23,609.62 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $13,372.08 | $13,372.08 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,590.96 | $9,590.96 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,011.76 | $3,011.76 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,638.60 | $2,638.60 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $52,223.02 | $52,223.02 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,690,227 | $2,596,704 | +3.6% |
| Assessed Value | $2,690,227 | $2,551,840 | +5.4% |
| Land Value | $2,450,936 | $2,450,936 | +0.0% |
| Improvement Value | $239,291 | $145,768 | +64.2% |
| Taxable Value | $2,690,227 | $2,551,840 | +5.4% |
| Total Tax 2026 = estimate |
~$55,055
Estimated
|
~$52,223
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,690,227 | $2,690,227 | +0 (+0.0%) |
| Taxable Value | $2,690,227 | $2,690,227 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,690,227 | $2,450,936 | $239,291 | — | $2,690,227 | $2,690,227 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,596,704 | $2,450,936 | $145,768 | −$44,864 | $2,551,840 | $2,551,840 | ~$52,223 | Partial |
| 2024 | $1,772,111 | — | — | — | $2,450,936 ! | $— | $42,144 | Verified |
| 2023 | $1,109,475 | — | — | — | $1,633,957 ! | $— | $32,062 | Verified |
| 2022 | $1,097,209 | — | — | −$116,835 | $980,374 | $— | $21,911 | Verified |
| 2021 | $1,091,287 | — | — | −$110,912 | $980,375 | $— | $23,883 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.6% | +5.4% | ~100% | Not available | Partial |
| 2025 | +0.1% | +20.0% | 98.3% | Not available | Partial |
| 2024 | +46.5% | +20.0% | 81.9% | 1.6200% | Verified |
| 2023 | +59.7% | +59.7% | ~100% | 1.8100% | Verified |
| 2022 | +1.1% | +1.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +136.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +3.6% | +22.3% | +23.3% | +59.7% | 2024 | +0.5% | 2022 |
| Assessment Ratio | 100.0% | 110.5% | — | 147.3% | 2023 | 89.4% | 2022 |
| Effective Tax Rate (2025) | 2.0100% | 2.0100% | — | 2.0100% | 2025 | 2.0100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$52,223 | $34,445 | ~$66,583 | $52,223 | 2025 | $21,911 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,225,101 | ~$2,807,024 | ~2.0139% | ~$56,532 | +24.2% |
| 2027 | ~$4,005,569 | ~$3,087,726 | ~1.9814% | ~$61,180 | +54.3% |
| 2028 | ~$4,974,908 | ~$3,396,499 | ~1.9488% | ~$66,192 | +91.6% |
| 2029 | ~$6,178,825 | ~$3,736,149 | ~1.9163% | ~$71,595 | +137.9% |
| 2030 | ~$7,674,088 | ~$4,109,764 | ~1.8837% | ~$77,417 | +195.5% |
| 2026 | ~$3,173,167 | ~$2,807,024 | ~2.0465% | ~$57,445 | +22.2% |
| 2027 | ~$3,877,603 | ~$3,087,726 | ~2.0465% | ~$63,190 | +49.3% |
| 2028 | ~$4,738,423 | ~$3,396,499 | ~2.0465% | ~$69,509 | +82.5% |
| 2029 | ~$5,790,343 | ~$3,736,149 | ~2.0465% | ~$76,460 | +123.0% |
| 2030 | ~$7,075,787 | ~$4,109,764 | ~2.0465% | ~$84,106 | +172.5% |
| 2026 | ~$3,277,035 | ~$2,807,024 | ~1.9977% | ~$56,075 | +26.2% |
| 2027 | ~$4,135,611 | ~$3,087,726 | ~1.9488% | ~$60,175 | +59.3% |
| 2028 | ~$5,219,133 | ~$3,396,499 | ~1.9000% | ~$64,534 | +101.0% |
| 2029 | ~$6,586,535 | ~$3,736,149 | ~1.8512% | ~$69,163 | +153.6% |
| 2030 | ~$8,312,193 | ~$4,109,764 | ~1.8024% | ~$74,073 | +220.1% |
In 2025, this property's market value of $2,596,704 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +83% 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 | $2,596,704 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,772,111 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,109,475 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,097,209 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $1,091,287 | $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.