3908 AVENUE B TX 78751
| Owner | ALAMO DRAFTHOUSE CINEMAS BAKER LLC |
|---|---|
| Parcel ID | 0219050303 |
| Short ID | 214630 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 72,879 SF |
| Land SF | 145,978 SF |
| Acres | 3.351 |
| Year Built | 1980 |
| Legal | 3.3512AC OF OLT 78 HYDE PARK ADDN PEVILION TRACT |
| Neighborhood | 51CEN |
| Land | $8,758,696 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $8,758,696 |
| Improvement | $1,289,001 |
|---|---|
| Total Improvement | $1,289,001 |
| Market | $10,047,697 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $10,047,697 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $10,047,697 |
| Exemptions (−) (HT) | −$2,834,175 |
|---|---|
| Taxable Value | $7,213,522 |
Appreciation: Market value has risen +8.0% from $9,301,331 (2021) to $10,047,697 (2025), a CAGR of 1.9% 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 $147,624. Austin ISD is the largest single contributor, at 48.8% 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 87% of market value ($8,758,696 land vs $1,289,001 improvements), about $60/SF of land. With value concentrated in the land under a ~46-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 $10,047,697, 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 +1.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $11,065,431 by 2030, with an estimated annual tax burden around $208,444. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 32,125 SF | ✓ |
| 2ND | 2nd Floor | 29,886 SF | ✓ |
| 551 | PAVED AREA | 17,000 SF | ✗ |
| 3RD | 3rd Floor | 10,868 SF | ✓ |
| 611 | TERRACE | 7,201 SF | ✗ |
| 501 | CANOPY | 1,028 SF | ✗ |
| 327 | STORAGE COMM'L | 548 SF | ✓ |
| 482 | LIGHT POLES | 20 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% | $79,850.40 | $79,850.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $37,800.08 | $37,800.08 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $27,111.66 | $27,111.66 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $10,389.32 | $10,389.32 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $8,513.62 | $8,513.62 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $163,665.08 | $163,665.08 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $10,054,072 | $10,047,697 | +0.1% |
| Assessed Value | $10,054,072 | $10,047,697 | +0.1% |
| Land Value | $8,758,696 | $8,758,696 | +0.0% |
| Improvement Value | $1,295,376 | $1,289,001 | +0.5% |
| Taxable Value | $7,216,710 | $7,213,522 | +0.0% |
| Exemptions | HT | HT | |
| Total Tax 2026 = estimate |
~$147,689
Estimated
|
~$163,665
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $10,054,072 | $10,054,072 | +0 (+0.0%) |
| Taxable Value | $7,216,710 | $7,216,710 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $10,054,072 | $8,758,696 | $1,295,376 | — | $10,054,072 | $7,216,710 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $10,047,697 | $8,758,696 | $1,289,001 | — | $10,047,697 | $7,213,522 | ~$163,665 | Partial |
| 2024 | $12,514,892 | — | — | −$3,756,196 | $8,758,696 | $— | $173,192 | Verified |
| 2023 | $14,264,817 | — | — | −$5,506,121 | $8,758,696 | $— | $174,321 | Verified |
| 2022 | $12,283,889 | — | — | −$3,525,193 | $8,758,696 | $— | $213,612 | Verified |
| 2021 | $9,301,331 | — | — | −$542,635 | $8,758,696 | $— | $206,475 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.1% | +0.1% | ~100% | Not available | Partial |
| 2025 | -9.8% | -9.8% | ~100% | Not available | Partial |
| 2024 | -11.0% | -11.0% | ~100% | 1.5600% | Verified |
| 2023 | -12.3% | -12.3% | ~100% | 1.3900% | Verified |
| 2022 | +16.1% | +16.1% | ~100% | 1.5000% | Verified |
| 2021 | base year | — | ~100% | 2.2200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -18.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.1% | +3.3% | +1.9% | +32.1% | 2022 | -19.7% | 2025 |
| Assessment Ratio | 100.0% | 82.8% | — | 100.0% | 2025 | 61.4% | 2023 |
| Effective Tax Rate (2025) | 1.6300% | 1.6300% | — | 1.6300% | 2025 | 1.6300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$163,665 | $186,253 | ~$207,427 | $213,612 | 2022 | $163,665 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$10,243,465 | ~$10,243,465 | ~2.0139% | ~$206,297 | +1.9% |
| 2027 | ~$10,443,047 | ~$10,443,047 | ~1.9814% | ~$206,917 | +3.9% |
| 2028 | ~$10,646,518 | ~$10,646,518 | ~1.9488% | ~$207,484 | +6.0% |
| 2029 | ~$10,853,954 | ~$10,853,954 | ~1.9163% | ~$207,993 | +8.0% |
| 2030 | ~$11,065,431 | ~$11,065,431 | ~1.8837% | ~$208,444 | +10.1% |
| 2026 | ~$10,042,511 | ~$10,042,511 | ~2.0465% | ~$205,518 | -0.1% |
| 2027 | ~$10,037,328 | ~$10,037,328 | ~2.0465% | ~$205,412 | -0.1% |
| 2028 | ~$10,032,147 | ~$10,032,147 | ~2.0465% | ~$205,306 | -0.2% |
| 2029 | ~$10,026,969 | ~$10,026,969 | ~2.0465% | ~$205,200 | -0.2% |
| 2030 | ~$10,021,794 | ~$10,021,794 | ~2.0465% | ~$205,095 | -0.3% |
| 2026 | ~$10,444,419 | ~$10,444,419 | ~1.9977% | ~$208,644 | +3.9% |
| 2027 | ~$10,856,805 | ~$10,856,805 | ~1.9488% | ~$211,582 | +8.1% |
| 2028 | ~$11,285,474 | ~$11,285,474 | ~1.9000% | ~$214,426 | +12.3% |
| 2029 | ~$11,731,068 | ~$11,731,068 | ~1.8512% | ~$217,165 | +16.8% |
| 2030 | ~$12,194,256 | ~$12,194,256 | ~1.8024% | ~$219,786 | +21.4% |
In 2025, this property's market value of $10,047,697 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 7× 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 | $10,047,697 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $12,514,892 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $14,264,817 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $12,283,889 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $9,301,331 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 25% | 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.