512 W 35 ST AUSTIN, TX 78705
| Owner | PAC 5 INVESTMENTS LLC & |
|---|---|
| Parcel ID | 0218030911 |
| Short ID | 212595 |
| Type | Real |
| Use Code | 30 Strip Center (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 4,950 SF |
| Land SF | 18,500 SF |
| Acres | 0.425 |
| Year Built | 1998 |
| Legal | LOT 1&2 LOT 3 *LESS S 5FT BLK 1 OLT 77 DIV B STEINLE ADDN |
| Neighborhood | 30CEN |
| Land | $2,220,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,220,000 |
| Improvement | $141,478 |
|---|---|
| Total Improvement | $141,478 |
| Market | $2,361,478 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,361,478 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,361,478 |
| Taxable Value | $2,361,478 |
|---|
Appreciation: Market value has risen +14.7% from $2,058,864 (2021) to $2,361,478 (2025), a CAGR of 3.5% over 4 years. Growth has been relatively flat for this asset class. 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 lagged 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 $48,327. 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 94% of market value ($2,220,000 land vs $141,478 improvements), about $120/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $2,361,478, 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 +3.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,803,039 by 2030, with an estimated annual tax burden around $52,802. 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 | 11,872 SF | ✗ |
| 1ST | 1st Floor | 4,950 SF | ✓ |
| 491 | SPRINKLER HEADS | 4,950 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% | $21,848.39 | $21,848.39 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $12,374.55 | $12,374.55 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $8,875.50 | $8,875.50 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,787.09 | $2,787.09 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,441.77 | $2,441.77 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $48,327.30 | $48,327.30 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,372,209 | $2,361,478 | +0.5% |
| Assessed Value | $2,372,209 | $2,361,478 | +0.5% |
| Land Value | $2,220,000 | $2,220,000 | +0.0% |
| Improvement Value | $152,209 | $141,478 | +7.6% |
| Taxable Value | $2,372,209 | $2,361,478 | +0.5% |
| Total Tax 2026 = estimate |
~$48,547
Estimated
|
~$48,327
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,372,209 | $2,372,209 | +0 (+0.0%) |
| Taxable Value | $2,372,209 | $2,372,209 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,372,209 | $2,220,000 | $152,209 | — | $2,372,209 | $2,372,209 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,361,478 | $2,220,000 | $141,478 | — | $2,361,478 | $2,361,478 | ~$48,327 | Partial |
| 2024 | $2,367,000 | — | — | −$147,000 | $2,220,000 | $— | $45,384 | Verified |
| 2023 | $2,000,000 | — | — | — | $2,220,000 ! | $— | $42,825 | Verified |
| 2022 | $2,252,584 | — | — | −$402,584 | $1,850,000 | $— | $37,790 | Verified |
| 2021 | $2,058,864 | — | — | −$208,864 | $1,850,000 | $— | $49,032 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.5% | +0.5% | ~100% | Not available | Partial |
| 2025 | -0.0% | -0.0% | ~100% | Not available | Partial |
| 2024 | -0.2% | -0.2% | ~100% | 1.9200% | Verified |
| 2023 | +9.1% | +9.1% | ~100% | 1.8100% | Verified |
| 2022 | -3.7% | -3.7% | ~100% | 1.7400% | Verified |
| 2021 | base year | — | ~100% | 2.3800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +4.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.5% | +3.4% | +3.4% | +18.4% | 2024 | -11.2% | 2023 |
| Assessment Ratio | 100.0% | 96.1% | — | 111.0% | 2023 | 82.1% | 2022 |
| 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 |
$48,327 | $44,671 | ~$51,008 | $49,032 | 2021 | $37,790 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,443,841 | ~$2,443,841 | ~2.0139% | ~$49,217 | +3.5% |
| 2027 | ~$2,529,077 | ~$2,529,077 | ~1.9814% | ~$50,111 | +7.1% |
| 2028 | ~$2,617,285 | ~$2,617,285 | ~1.9488% | ~$51,007 | +10.8% |
| 2029 | ~$2,708,571 | ~$2,708,571 | ~1.9163% | ~$51,904 | +14.7% |
| 2030 | ~$2,803,039 | ~$2,803,039 | ~1.8837% | ~$52,802 | +18.7% |
| 2026 | ~$2,396,612 | ~$2,396,612 | ~2.0465% | ~$49,046 | +1.5% |
| 2027 | ~$2,432,268 | ~$2,432,268 | ~2.0465% | ~$49,776 | +3.0% |
| 2028 | ~$2,468,455 | ~$2,468,455 | ~2.0465% | ~$50,517 | +4.5% |
| 2029 | ~$2,505,180 | ~$2,505,180 | ~2.0465% | ~$51,268 | +6.1% |
| 2030 | ~$2,542,451 | ~$2,542,451 | ~2.0465% | ~$52,031 | +7.7% |
| 2026 | ~$2,491,071 | ~$2,491,071 | ~1.9977% | ~$49,763 | +5.5% |
| 2027 | ~$2,627,775 | ~$2,627,775 | ~1.9488% | ~$51,211 | +11.3% |
| 2028 | ~$2,771,982 | ~$2,771,982 | ~1.9000% | ~$52,668 | +17.4% |
| 2029 | ~$2,924,102 | ~$2,924,102 | ~1.8512% | ~$54,131 | +23.8% |
| 2030 | ~$3,084,570 | ~$3,084,570 | ~1.8024% | ~$55,595 | +30.6% |
In 2025, this property's market value of $2,361,478 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +67% 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 | $2,361,478 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,367,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,000,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,252,584 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,058,864 | $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.