5606 E 51 ST TX 78723
| Owner | CITY OF AUSTIN |
|---|---|
| Parcel ID | 0214260402 |
| Short ID | 207918 |
| Type | Real |
| Use Code | 35 Hotel — Limited Service |
| Valuation | Income |
| Improvement SF | 33,173 SF |
| Land SF | 90,605 SF |
| Acres | 2.080 |
| Year Built | 2007 |
| Legal | LOT 2 TANNEHILL 2-B SEC 3 (COMMERCIAL PERSONAL PROPERTY) |
| Neighborhood | 35EA3 |
| Land | $1,812,100 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,812,100 |
| Improvement | $4,658,526 |
|---|---|
| Total Improvement | $4,658,526 |
| Market | $6,470,626 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $6,470,626 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $6,470,626 |
| Taxable Value | $6,470,626 |
|---|
Appreciation: Market value has risen +115.7% from $3,000,000 (2021) to $6,470,626 (2025), a CAGR of 21.2% 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.
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 28% of market value ($1,812,100 land vs $4,658,526 improvements), about $20/SF of land. Most value sits in the improvements, so building condition, age (~19 yrs), and rent roll drive the underwriting.
Submarket Position: At $6,470,626, 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 +21.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $16,913,271 by 2030, with an estimated annual tax burden around $0. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 20,000 SF | ✗ |
| 1ST | 1st Floor | 11,223 SF | ✓ |
| 2ND | 2nd Floor | 10,975 SF | ✓ |
| 3RD | 3rd Floor | 10,975 SF | ✓ |
| 601 | POOL COMM'L | 1,500 SF | ✗ |
| 501 | CANOPY | 1,212 SF | ✗ |
Market value changed by 130% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $6,701,056 | $6,470,626 | +3.6% |
| Assessed Value | $6,701,056 | $6,470,626 | +3.6% |
| Land Value | $1,812,100 | $1,812,100 | +0.0% |
| Improvement Value | $4,888,956 | $4,658,526 | +4.9% |
| Taxable Value | — | — | — |
| Exemptions | — | E | |
| Total Tax | Pending certification | — | |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $6,701,056 | $6,701,056 | +0 (+0.0%) |
| Taxable Value | — | — | — |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $6,701,056 | $1,812,100 | $4,888,956 | — | $6,701,056 | $— | Not yet — post-cert | Certified — no billing yet |
| 2025 | $6,470,626 | $1,812,100 | $4,658,526 | — | $6,470,626 | $— | not in county billing file ⓘ | Partial |
| 2024 | $6,897,870 | — | — | — | — | $— | not in county billing file ⓘ | Partial |
| 2023 | $3,000,000 | — | — | — | — | $— | not in county billing file ⓘ | Partial |
| 2022 | $2,460,000 | — | — | −$1,100,925 | $1,359,075 | $— | $17,395 | Verified |
| 2021 | $3,000,000 | — | — | −$2,275,160 | $724,840 | $— | $51,267 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.6% | +3.6% | ~100% | Not available | Partial |
| 2025 | -1.8% | -1.8% | ~100% | Not available | Partial |
| 2024 | -4.5% | -4.5% | ~100% | No billing data | Verified |
| 2023 | +129.9% ! | +129.9% | ~100% | No billing data | Verified |
| 2022 | +22.0% | +22.0% | ~100% | 0.5800% | Verified |
| 2021 | base year | — | ~100% | 1.7100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +163.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +3.6% | +26.3% | +20.4% | +129.9% | 2024 | -18.0% | 2022 |
| Assessment Ratio | 100.0% | 69.8% | — | 100.0% | 2025 | 24.2% | 2021 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $17,395 | $34,331 | — | $51,267 | 2021 | $17,395 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$7,841,562 | ~$7,117,689 | ~0.0000% | ~$0 | +21.2% |
| 2027 | ~$9,502,958 | ~$7,829,457 | ~0.0000% | ~$0 | +46.9% |
| 2028 | ~$11,516,356 | ~$8,612,403 | ~0.0000% | ~$0 | +78.0% |
| 2029 | ~$13,956,334 | ~$9,473,644 | ~0.0000% | ~$0 | +115.7% |
| 2030 | ~$16,913,271 | ~$10,421,008 | ~0.0000% | ~$0 | +161.4% |
| 2026 | ~$7,712,149 | ~$7,117,689 | ~0.0000% | ~$0 | +19.2% |
| 2027 | ~$9,191,884 | ~$7,829,457 | ~0.0000% | ~$0 | +42.1% |
| 2028 | ~$10,955,537 | ~$8,612,403 | ~0.0000% | ~$0 | +69.3% |
| 2029 | ~$13,057,582 | ~$9,473,644 | ~0.0000% | ~$0 | +101.8% |
| 2030 | ~$15,562,949 | ~$10,421,008 | ~0.0000% | ~$0 | +140.5% |
| 2026 | ~$7,970,974 | ~$7,117,689 | ~0.0000% | ~$0 | +23.2% |
| 2027 | ~$9,819,209 | ~$7,829,457 | ~0.0000% | ~$0 | +51.8% |
| 2028 | ~$12,095,995 | ~$8,612,403 | ~0.0000% | ~$0 | +86.9% |
| 2029 | ~$14,900,701 | ~$9,473,644 | ~0.0000% | ~$0 | +130.3% |
| 2030 | ~$18,355,736 | ~$10,421,008 | ~0.0000% | ~$0 | +183.7% |
In 2025, this property's market value of $6,470,626 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 5× 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 | $6,470,626 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $6,897,870 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $3,000,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,460,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $3,000,000 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 25% | base yr |