1005 W 34 ST TX 78705
| Owner | 34TH STREET INVESTMENTS LLC |
|---|---|
| Parcel ID | 0219011506 |
| Short ID | 214599 |
| Type | Real |
| Use Code | 32 Restaurant |
| Valuation | Income |
| Improvement SF | 1,760 SF |
| Land SF | 5,543 SF |
| Acres | 0.127 |
| Year Built | 1949 |
| Legal | W 40 FT LOT 5 BLK 1 PATTERSON ADDN |
| Neighborhood | 32CEN |
| Land | $554,300 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $554,300 |
| Improvement | $78,994 |
|---|---|
| Total Improvement | $78,994 |
| Market | $633,294 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $633,294 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $633,294 |
| Taxable Value | $633,294 |
|---|
Appreciation: Market value has fallen -8.2% from $690,107 (2021) to $633,294 (2025), a CAGR of -2.1% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), 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 $12,960. 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 88% of market value ($554,300 land vs $78,994 improvements), about $100/SF of land. With value concentrated in the land under a ~77-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 $633,294, this parcel sits in the bottom quartile (<25th 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 -2.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $568,809 by 2030, with an estimated annual tax burden around $10,715. 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 | 2,800 SF | ✗ |
| 1ST | 1st Floor | 1,760 SF | ✓ |
| 501 | CANOPY | 120 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% | $5,712.76 | $5,712.76 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,235.61 | $3,235.61 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,320.70 | $2,320.70 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $728.75 | $728.75 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $638.46 | $638.46 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $12,636.28 | $12,636.28 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $643,298 | $633,294 | +1.6% |
| Assessed Value | $643,298 | $633,294 | +1.6% |
| Land Value | $554,300 | $554,300 | +0.0% |
| Improvement Value | $88,998 | $78,994 | +12.7% |
| Taxable Value | $643,298 | $633,294 | +1.6% |
| Total Tax 2026 = estimate |
~$13,165
Estimated
|
~$12,636
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $677,156 | $643,298 | -33,858 (-5.0%) |
| Taxable Value | $677,156 | $643,298 | -33,858 (-5.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $643,298 | $554,300 | $88,998 | — | $643,298 | $643,298 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $633,294 | $554,300 | $78,994 | — | $633,294 | $633,294 | ~$12,636 | Partial |
| 2024 | $620,000 | — | — | −$65,700 | $554,300 | $— | $12,763 | Verified |
| 2023 | $604,320 | — | — | −$50,020 | $554,300 | $— | $11,217 | Verified |
| 2022 | $606,565 | — | — | −$135,410 | $471,155 | $— | $11,935 | Verified |
| 2021 | $690,107 | — | — | −$218,952 | $471,155 | $— | $13,203 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +6.9% | +6.9% | ~100% | Not available | Partial |
| 2025 | -1.7% | -1.7% | ~100% | Not available | Partial |
| 2024 | +1.5% | +1.5% | ~100% | 1.9800% | Verified |
| 2023 | +5.0% | +5.0% | ~100% | 1.7700% | Verified |
| 2022 | -0.4% | -0.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.9100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +4.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.6% | -1.2% | -2.4% | +2.6% | 2024 | -12.1% | 2022 |
| Assessment Ratio | 100.0% | 87.9% | — | 100.0% | 2025 | 68.3% | 2021 |
| Effective Tax Rate (2025) | 2.0000% | 2.0000% | — | 2.0000% | 2025 | 2.0000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$12,636 | $12,351 | ~$11,585 | $13,203 | 2021 | $11,217 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$619,837 | ~$619,837 | ~2.0139% | ~$12,483 | -2.1% |
| 2027 | ~$606,666 | ~$606,666 | ~1.9814% | ~$12,020 | -4.2% |
| 2028 | ~$593,775 | ~$593,775 | ~1.9488% | ~$11,572 | -6.2% |
| 2029 | ~$581,158 | ~$581,158 | ~1.9163% | ~$11,137 | -8.2% |
| 2030 | ~$568,809 | ~$568,809 | ~1.8837% | ~$10,715 | -10.2% |
| 2026 | ~$607,171 | ~$607,171 | ~2.0465% | ~$12,426 | -4.1% |
| 2027 | ~$582,126 | ~$582,126 | ~2.0465% | ~$11,913 | -8.1% |
| 2028 | ~$558,114 | ~$558,114 | ~2.0465% | ~$11,422 | -11.9% |
| 2029 | ~$535,092 | ~$535,092 | ~2.0465% | ~$10,951 | -15.5% |
| 2030 | ~$513,020 | ~$513,020 | ~2.0465% | ~$10,499 | -19.0% |
| 2026 | ~$632,503 | ~$632,503 | ~1.9977% | ~$12,635 | -0.1% |
| 2027 | ~$631,713 | ~$631,713 | ~1.9488% | ~$12,311 | -0.2% |
| 2028 | ~$630,924 | ~$630,924 | ~1.9000% | ~$11,988 | -0.4% |
| 2029 | ~$630,136 | ~$630,136 | ~1.8512% | ~$11,665 | -0.5% |
| 2030 | ~$629,349 | ~$629,349 | ~1.8024% | ~$11,343 | -0.6% |
In 2025, this property's market value of $633,294 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -55% 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 | $633,294 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $620,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $604,320 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $606,565 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $690,107 | $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.