5621 N INTERSTATE HY 35 TX 78723
| Owner | CAPITAL/HIGHWAY 35 LTD |
|---|---|
| Parcel ID | 0224140222 |
| Short ID | 546180 |
| Type | Real |
| Use Code | 46 Discount Store (>25,000 SF) |
| Valuation | Income |
| Improvement SF | 124,687 SF |
| Land SF | 381,934 SF |
| Acres | 8.768 |
| Year Built | 2003 |
| Legal | 8.768AC OF LOT A *LESS W27.964 SQ FT CAPITAL PLAZA SUBD |
| Neighborhood | 41CEN |
| Land | $13,797,366 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $13,797,366 |
| Improvement | $1,658,776 |
|---|---|
| Total Improvement | $1,658,776 |
| Market | $15,456,142 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $15,456,142 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $15,456,142 |
| Taxable Value | $15,456,142 |
|---|
Appreciation: Market value has risen +16.2% from $13,300,000 (2021) to $15,456,142 (2025), a CAGR of 3.8% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2024→2025), 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 $316,308. 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 89% of market value ($13,797,366 land vs $1,658,776 improvements), about $36/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $15,456,142, 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 +3.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $18,649,317 by 2030, with an estimated annual tax burden around $351,305. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 242,081 SF | ✗ |
| 1ST | 1st Floor | 124,687 SF | ✓ |
| 491 | SPRINKLER HEADS | 124,687 SF | ✗ |
| 501 | CANOPY | 294 SF | ✗ |
| 327 | STORAGE COMM'L | 154 SF | ✓ |
| 482 | LIGHT POLES | 4 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% | $106,398.00 | $106,398.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $60,261.96 | $60,261.96 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $43,222.18 | $43,222.18 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $13,572.65 | $13,572.65 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $11,891.00 | $11,891.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $235,345.79 | $235,345.79 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $15,400,000 | $15,456,142 | -0.4% |
| Assessed Value | $15,400,000 | $15,456,142 | -0.4% |
| Land Value | $13,797,366 | $13,797,366 | +0.0% |
| Improvement Value | $1,602,634 | $1,658,776 | -3.4% |
| Taxable Value | $15,400,000 | $15,456,142 | -0.4% |
| Total Tax 2026 = estimate |
~$315,159
Estimated
|
~$235,346
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $15,543,550 | $15,400,000 | -143,550 (-0.9%) |
| Taxable Value | $15,543,550 | $15,400,000 | -143,550 (-0.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $15,400,000 | $13,797,366 | $1,602,634 | — | $15,400,000 | $15,400,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $15,456,142 | $13,797,366 | $1,658,776 | — | $15,456,142 | $15,456,142 | ~$235,346 | Partial |
| 2024 | $13,300,000 | — | — | — | $13,797,366 ! | $— | $295,468 | Verified |
| 2023 | $13,300,000 | — | — | −$3,751,650 | $9,548,350 | $— | $240,630 | Verified |
| 2022 | $13,300,000 | — | — | −$3,751,650 | $9,548,350 | $— | $262,665 | Verified |
| 2021 | $13,300,000 | — | — | −$3,751,650 | $9,548,350 | $— | $289,498 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.6% | +0.6% | ~100% | Not available | Partial |
| 2025 | +3.7% | +3.7% | ~100% | Not available | Partial |
| 2024 | +12.1% | +12.1% | ~100% | 1.9800% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.8100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +16.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -0.4% | +3.2% | +3.9% | +16.2% | 2025 | -0.4% | 2026 |
| Assessment Ratio | 100.0% | 86.5% | — | 103.7% | 2024 | 71.8% | 2021 |
| Effective Tax Rate (2025) | 1.5200% | 1.5200% | — | 1.5200% | 2025 | 1.5200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$235,346 | $264,721 | ~$337,196 | $295,468 | 2024 | $235,346 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$16,047,725 | ~$16,047,725 | ~2.0139% | ~$323,191 | +3.8% |
| 2027 | ~$16,661,950 | ~$16,661,950 | ~1.9814% | ~$330,138 | +7.8% |
| 2028 | ~$17,299,685 | ~$17,299,685 | ~1.9488% | ~$337,143 | +11.9% |
| 2029 | ~$17,961,829 | ~$17,961,829 | ~1.9163% | ~$344,201 | +16.2% |
| 2030 | ~$18,649,317 | ~$18,649,317 | ~1.8837% | ~$351,305 | +20.7% |
| 2026 | ~$15,738,602 | ~$15,738,602 | ~2.0465% | ~$322,088 | +1.8% |
| 2027 | ~$16,026,224 | ~$16,026,224 | ~2.0465% | ~$327,974 | +3.7% |
| 2028 | ~$16,319,102 | ~$16,319,102 | ~2.0465% | ~$333,968 | +5.6% |
| 2029 | ~$16,617,332 | ~$16,617,332 | ~2.0465% | ~$340,071 | +7.5% |
| 2030 | ~$16,921,012 | ~$16,921,012 | ~2.0465% | ~$346,286 | +9.5% |
| 2026 | ~$16,356,847 | ~$16,356,847 | ~1.9977% | ~$326,755 | +5.8% |
| 2027 | ~$17,310,041 | ~$17,310,041 | ~1.9488% | ~$337,345 | +12.0% |
| 2028 | ~$18,318,783 | ~$18,318,783 | ~1.9000% | ~$348,060 | +18.5% |
| 2029 | ~$19,386,308 | ~$19,386,308 | ~1.8512% | ~$358,878 | +25.4% |
| 2030 | ~$20,516,044 | ~$20,516,044 | ~1.8024% | ~$369,775 | +32.7% |
In 2025, this property's market value of $15,456,142 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 11× 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 | $15,456,142 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $13,300,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $13,300,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $13,300,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $13,300,000 | $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.