5420 AIRPORT BLVD TX 78751
| Owner | CROCKETT PARTNERS LTD |
|---|---|
| Parcel ID | 0223120106 |
| Short ID | 221778 |
| Type | Real |
| Use Code | 32 Restaurant |
| Valuation | Income |
| Improvement SF | 5,854 SF |
| Land SF | 14,364 SF |
| Acres | 0.330 |
| Year Built | 1960 |
| Legal | 189X76FT AV BLK 1 HILL LOU H MRS SUBD |
| Neighborhood | 32CEN |
| Land | $1,005,480 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,005,480 |
| Improvement | $401,999 |
|---|---|
| Total Improvement | $401,999 |
| Market | $1,407,479 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,407,479 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,407,479 |
| Taxable Value | $1,407,479 |
|---|
Appreciation: Market value has fallen -9.2% from $1,550,938 (2021) to $1,407,479 (2025), a CAGR of -2.4% 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 $28,804. 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 71% of market value ($1,005,480 land vs $401,999 improvements), about $70/SF of land. With value concentrated in the land under a ~66-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 $1,407,479, this parcel sits in the lower-middle (25th–50th 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 -2.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,246,669 by 2030, with an estimated annual tax burden around $23,484. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 7,000 SF | ✗ |
| 1ST | 1st Floor | 4,054 SF | ✓ |
| 2ND | 2nd Floor | 1,800 SF | ✓ |
| 501 | CANOPY | 546 SF | ✗ |
| 413 | STAIRWAY EXT | 1 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% | $12,995.10 | $12,995.10 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,360.20 | $7,360.20 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,279.01 | $5,279.01 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,657.72 | $1,657.72 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,452.33 | $1,452.33 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $28,744.36 | $28,744.36 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,434,683 | $1,407,479 | +1.9% |
| Assessed Value | $1,434,683 | $1,407,479 | +1.9% |
| Land Value | $1,005,480 | $1,005,480 | +0.0% |
| Improvement Value | $429,203 | $401,999 | +6.8% |
| Taxable Value | $1,434,683 | $1,407,479 | +1.9% |
| Total Tax 2026 = estimate |
~$29,361
Estimated
|
~$28,744
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,510,193 | $1,434,683 | -75,510 (-5.0%) |
| Taxable Value | $1,510,193 | $1,434,683 | -75,510 (-5.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,434,683 | $1,005,480 | $429,203 | — | $1,434,683 | $1,434,683 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,407,479 | $1,005,480 | $401,999 | — | $1,407,479 | $1,407,479 | ~$28,744 | Partial |
| 2024 | $1,404,572 | — | — | −$399,092 | $1,005,480 | $— | $27,836 | Verified |
| 2023 | $1,393,615 | — | — | −$388,135 | $1,005,480 | $— | $25,412 | Verified |
| 2022 | $1,346,000 | — | — | −$915,080 | $430,920 | $— | $27,523 | Verified |
| 2021 | $1,550,938 | — | — | −$1,120,018 | $430,920 | $— | $29,298 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +7.3% | +7.3% | ~100% | Not available | Partial |
| 2025 | +0.2% | +0.2% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +0.8% | +0.8% | ~100% | 1.8100% | Verified |
| 2022 | +3.5% | +3.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.8900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +4.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.9% | -1.4% | -2.8% | +3.5% | 2023 | -13.2% | 2022 |
| Assessment Ratio | 100.0% | 67.2% | — | 100.0% | 2025 | 27.8% | 2021 |
| Effective Tax Rate (2025) | 2.0400% | 2.0400% | — | 2.0400% | 2025 | 2.0400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$28,744 | $27,763 | ~$25,540 | $29,298 | 2021 | $25,412 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,373,738 | ~$1,373,738 | ~2.0139% | ~$27,666 | -2.4% |
| 2027 | ~$1,340,805 | ~$1,340,805 | ~1.9814% | ~$26,567 | -4.7% |
| 2028 | ~$1,308,662 | ~$1,308,662 | ~1.9488% | ~$25,504 | -7.0% |
| 2029 | ~$1,277,290 | ~$1,277,290 | ~1.9163% | ~$24,477 | -9.2% |
| 2030 | ~$1,246,669 | ~$1,246,669 | ~1.8837% | ~$23,484 | -11.4% |
| 2026 | ~$1,345,588 | ~$1,345,588 | ~2.0465% | ~$27,537 | -4.4% |
| 2027 | ~$1,286,419 | ~$1,286,419 | ~2.0465% | ~$26,326 | -8.6% |
| 2028 | ~$1,229,851 | ~$1,229,851 | ~2.0465% | ~$25,169 | -12.6% |
| 2029 | ~$1,175,771 | ~$1,175,771 | ~2.0465% | ~$24,062 | -16.5% |
| 2030 | ~$1,124,069 | ~$1,124,069 | ~2.0465% | ~$23,004 | -20.1% |
| 2026 | ~$1,401,887 | ~$1,401,887 | ~1.9977% | ~$28,005 | -0.4% |
| 2027 | ~$1,396,318 | ~$1,396,318 | ~1.9488% | ~$27,212 | -0.8% |
| 2028 | ~$1,390,770 | ~$1,390,770 | ~1.9000% | ~$26,425 | -1.2% |
| 2029 | ~$1,385,245 | ~$1,385,245 | ~1.8512% | ~$25,644 | -1.6% |
| 2030 | ~$1,379,741 | ~$1,379,741 | ~1.8024% | ~$24,868 | -2.0% |
In 2025, this property's market value of $1,407,479 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -1% 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 | $1,407,479 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,404,572 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,393,615 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,346,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,550,938 | $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.