5500 AIRPORT BLVD TX 78751
| Owner | BUP 501 AUSTIN OWNER LLC |
|---|---|
| Parcel ID | 0223121103 |
| Short ID | 221907 |
| Type | Real |
| Use Code | 10 Manufactured Commercial Bldg |
| Valuation | Cost |
| Improvement SF | 260 SF |
| Land SF | 6,970 SF |
| Acres | 0.160 |
| Year Built | 1966 |
| Legal | .16 AC BLK 1 HILL LOU H MRS SUBD |
| Neighborhood | 1NC1 |
| Land | $487,900 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $487,900 |
| Improvement | $18,111 |
|---|---|
| Total Improvement | $18,111 |
| Market | $506,011 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $506,011 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $506,011 |
| Taxable Value | $506,011 |
|---|
Appreciation: Market value has risen +130.3% from $219,700 (2021) to $506,011 (2025), a CAGR of 23.2% 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 $10,355. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 96% of market value ($487,900 land vs $18,111 improvements), about $70/SF of land. With value concentrated in the land under a ~60-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 $506,011, 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 +23.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,435,729 by 2030, with an estimated annual tax burden around $15,351. 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 | 6,680 SF | ✗ |
| 1ST | 1st Floor | 260 SF | ✓ |
| 061C | CARPORT ATT 1ST COMM | 224 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 104 SF | ✗ |
| 482 | LIGHT POLES | 4 SF | ✓ |
Market value changed by 124% 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% | $4,681.61 | $4,681.61 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,651.58 | $2,651.58 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,901.82 | $1,901.82 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $597.21 | $597.21 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $523.22 | $523.22 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $10,355.44 | $10,355.44 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $506,011 | $506,011 | +0.0% |
| Assessed Value | $506,011 | $506,011 | +0.0% |
| Land Value | $487,900 | $487,900 | +0.0% |
| Improvement Value | $18,111 | $18,111 | +0.0% |
| Taxable Value | $506,011 | $506,011 | +0.0% |
| Total Tax 2026 = estimate |
~$10,355
Estimated
|
~$10,355
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $506,011 | $506,011 | +0 (+0.0%) |
| Taxable Value | $506,011 | $506,011 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $506,011 | $487,900 | $18,111 | — | $506,011 | $506,011 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $506,011 | $487,900 | $18,111 | — | $506,011 | $506,011 | ~$10,355 | Partial |
| 2024 | $506,011 | — | — | −$18,111 | $487,900 | $— | $10,028 | Verified |
| 2023 | $225,432 | — | — | — | $487,900 ! | $— | $9,155 | Verified |
| 2022 | $219,700 | — | — | −$10,600 | $209,100 | $— | $4,452 | Verified |
| 2021 | $219,700 | — | — | −$10,600 | $209,100 | $— | $4,782 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +124.5% ! | +124.5% | ~100% | 1.8100% | Verified |
| 2022 | +2.6% | +2.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +130.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +25.4% | +23.2% | +124.5% | 2024 | +0.0% | 2022 |
| Assessment Ratio | 100.0% | 117.2% | — | 216.4% | 2023 | 95.2% | 2021 |
| 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 |
$10,355 | $7,755 | ~$13,203 | $10,355 | 2025 | $4,452 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$623,365 | ~$556,612 | ~2.0139% | ~$11,210 | +23.2% |
| 2027 | ~$767,936 | ~$612,273 | ~1.9814% | ~$12,132 | +51.8% |
| 2028 | ~$946,035 | ~$673,501 | ~1.9488% | ~$13,125 | +87.0% |
| 2029 | ~$1,165,440 | ~$740,851 | ~1.9163% | ~$14,197 | +130.3% |
| 2030 | ~$1,435,729 | ~$814,936 | ~1.8837% | ~$15,351 | +183.7% |
| 2026 | ~$613,245 | ~$556,612 | ~2.0465% | ~$11,391 | +21.2% |
| 2027 | ~$743,204 | ~$612,273 | ~2.0465% | ~$12,530 | +46.9% |
| 2028 | ~$900,703 | ~$673,501 | ~2.0465% | ~$13,783 | +78.0% |
| 2029 | ~$1,091,580 | ~$740,851 | ~2.0465% | ~$15,161 | +115.7% |
| 2030 | ~$1,322,908 | ~$814,936 | ~2.0465% | ~$16,678 | +161.4% |
| 2026 | ~$633,485 | ~$556,612 | ~1.9977% | ~$11,119 | +25.2% |
| 2027 | ~$793,073 | ~$612,273 | ~1.9488% | ~$11,932 | +56.7% |
| 2028 | ~$992,864 | ~$673,501 | ~1.9000% | ~$12,797 | +96.2% |
| 2029 | ~$1,242,986 | ~$740,851 | ~1.8512% | ~$13,715 | +145.6% |
| 2030 | ~$1,556,119 | ~$814,936 | ~1.8024% | ~$14,688 | +207.5% |
In 2025, this property's market value of $506,011 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -64% 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 | $506,011 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $506,011 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $225,432 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $219,700 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $219,700 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 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.