5324 AIRPORT BLVD TX 78751
| Owner | CAVALIER LAMAR HOLDINGS LP |
|---|---|
| Parcel ID | 0223120105 |
| Short ID | 221777 |
| Type | Real |
| Use Code | 83 Service / Repair Garage |
| Valuation | Income |
| Improvement SF | 2,428 SF |
| Land SF | 26,220 SF |
| Acres | 0.602 |
| Year Built | 1954 |
| Legal | .6019 ACR OF BLK 1 HILL LOU H MRS SUBD |
| Neighborhood | 83CEN |
| Land | $1,835,400 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,835,400 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,600,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,600,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,600,000 |
| Taxable Value | $1,600,000 |
|---|
Appreciation: Market value has risen +73.2% from $924,000 (2021) to $1,600,000 (2025), a CAGR of 14.7% 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.
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 $32,744. 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 115% of market value ($1,835,400 land vs $0 improvements), about $70/SF of land. With value concentrated in the land under a ~72-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 $1,600,000, 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 +14.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,178,191 by 2030, with an estimated annual tax burden around $48,541. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 3,999 SF | ✗ |
| 1ST | 1st Floor | 2,428 SF | ✓ |
| SO | Sketch Only | 1,936 SF | ✗ |
| 501 | CANOPY | 432 SF | ✗ |
Market value changed by 97% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $14,803.20 | $14,803.20 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $8,384.27 | $8,384.27 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,013.52 | $6,013.52 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,888.37 | $1,888.37 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,654.40 | $1,654.40 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $32,743.76 | $32,743.76 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,000,000 | $1,600,000 | +25.0% |
| Assessed Value | $1,920,000 | $1,600,000 | +20.0% |
| Land Value | $1,835,400 | $1,835,400 | +0.0% |
| Improvement Value | $164,600 | — | — |
| Taxable Value | $1,920,000 | $1,600,000 | +20.0% |
| HS Cap Loss | -$80,000 | — | |
| Total Tax 2026 = estimate |
~$39,293
Estimated
|
~$32,744
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,000,000 | $2,000,000 | +0 (+0.0%) |
| Taxable Value | $1,920,000 | $1,920,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,000,000 | $1,835,400 | $164,600 | −$80,000 | $1,920,000 | $1,920,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,600,000 | $1,835,400 | — | — | $1,600,000 | $1,600,000 | ~$32,744 | Partial |
| 2024 | $1,862,192 | — | — | −$26,792 | $1,835,400 | $— | $36,905 | Verified |
| 2023 | $913,271 | — | — | — | $1,835,400 ! | $— | $33,692 | Verified |
| 2022 | $937,900 | — | — | −$151,300 | $786,600 | $— | $18,036 | Verified |
| 2021 | $924,000 | — | — | −$137,400 | $786,600 | $— | $20,415 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +25.0% | +20.0% | 96.0% | Not available | Partial |
| 2025 | -20.4% | -20.4% | ~100% | Not available | Partial |
| 2024 | +7.9% | +7.9% | ~100% | 1.8400% | Verified |
| 2023 | +97.0% ! | +97.0% | ~100% | 1.8100% | Verified |
| 2022 | +0.8% | +0.8% | ~100% | 1.9100% | Verified |
| 2021 | base year | — | ~100% | 2.2100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +70.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +25.0% | +22.7% | +10.1% | +103.9% | 2024 | -14.1% | 2025 |
| Assessment Ratio | 96.0% | 110.8% | — | 201.0% | 2023 | 83.9% | 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 |
$32,744 | $28,358 | ~$41,748 | $36,905 | 2024 | $18,036 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,835,405 | ~$1,760,000 | ~2.0139% | ~$35,445 | +14.7% |
| 2027 | ~$2,105,445 | ~$1,936,000 | ~1.9814% | ~$38,360 | +31.6% |
| 2028 | ~$2,415,216 | ~$2,129,600 | ~1.9488% | ~$41,502 | +51.0% |
| 2029 | ~$2,770,563 | ~$2,342,560 | ~1.9163% | ~$44,890 | +73.2% |
| 2030 | ~$3,178,191 | ~$2,576,816 | ~1.8837% | ~$48,541 | +98.6% |
| 2026 | ~$1,803,405 | ~$1,760,000 | ~2.0465% | ~$36,018 | +12.7% |
| 2027 | ~$2,032,669 | ~$1,936,000 | ~2.0465% | ~$39,620 | +27.0% |
| 2028 | ~$2,291,079 | ~$2,129,600 | ~2.0465% | ~$43,582 | +43.2% |
| 2029 | ~$2,582,340 | ~$2,342,560 | ~2.0465% | ~$47,940 | +61.4% |
| 2030 | ~$2,910,629 | ~$2,576,816 | ~2.0465% | ~$52,734 | +81.9% |
| 2026 | ~$1,867,405 | ~$1,760,000 | ~1.9977% | ~$35,159 | +16.7% |
| 2027 | ~$2,179,502 | ~$1,936,000 | ~1.9488% | ~$37,730 | +36.2% |
| 2028 | ~$2,543,758 | ~$2,129,600 | ~1.9000% | ~$40,463 | +59.0% |
| 2029 | ~$2,968,892 | ~$2,342,560 | ~1.8512% | ~$43,365 | +85.6% |
| 2030 | ~$3,465,078 | ~$2,576,816 | ~1.8024% | ~$46,444 | +116.6% |
In 2025, this property's market value of $1,600,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +13% 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 | $1,600,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,862,192 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $913,271 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $937,900 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $924,000 | $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.