5800 AIRPORT BLVD TX 78751
| Owner | 5800 AIRPORT LLC |
|---|---|
| Parcel ID | 0226100305 |
| Short ID | 500450 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 75,913 SF |
| Land SF | 314,242 SF |
| Acres | 7.214 |
| Year Built | 1958 |
| Legal | LOT 4A BLK A BUTTERKRUST SUBD RESUB OF LOT 4A AMENDED PLAT OF LOTS 2,3&4 |
| Neighborhood | 51NOR |
| Land | $25,139,360 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $25,139,360 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $17,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $17,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $17,000,000 |
| Taxable Value | $17,000,000 |
|---|
Appreciation: Market value has risen +8.9% from $15,609,000 (2021) to $17,000,000 (2025), a CAGR of 2.2% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2022→2023), 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 $347,902. 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 148% of market value ($25,139,360 land vs $0 improvements), about $80/SF of land. With value concentrated in the land under a ~68-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 $17,000,000, 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 +2.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $18,914,341 by 2030, with an estimated annual tax burden around $356,297. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 162,800 SF | ✗ |
| 491 | SPRINKLER HEADS | 75,913 SF | ✗ |
| 1ST | 1st Floor | 73,199 SF | ✓ |
| 2ND | 2nd Floor | 2,714 SF | ✓ |
| 501 | CANOPY | 1,406 SF | ✗ |
| 541 | FENCE COMM LF | 1,108 SF | ✗ |
| 611 | TERRACE | 428 SF | ✗ |
| SO | Sketch Only | 126 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% | $157,284.00 | $157,284.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $89,082.89 | $89,082.89 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $63,893.65 | $63,893.65 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $20,063.91 | $20,063.91 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $17,578.00 | $17,578.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $347,902.45 | $347,902.45 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $17,000,000 | $17,000,000 | +0.0% |
| Assessed Value | $17,000,000 | $17,000,000 | +0.0% |
| Land Value | $25,139,360 | $25,139,360 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $17,000,000 | $17,000,000 | +0.0% |
| Total Tax 2026 = estimate |
~$347,902
Estimated
|
~$347,902
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $17,000,000 | $17,000,000 | +0 (+0.0%) |
| Taxable Value | $17,000,000 | $17,000,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $17,000,000 | $25,139,360 | — | — | $17,000,000 | $17,000,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $17,000,000 | $25,139,360 | — | — | $17,000,000 | $17,000,000 | ~$347,902 | Partial |
| 2024 | $15,000,000 | — | — | — | $17,000,000 ! | $— | $304,940 | Verified |
| 2023 | $16,697,838 | — | — | −$704,335 | $15,993,503 | $— | $272,367 | Verified |
| 2022 | $12,629,838 | — | — | — | $16,697,838 ! | $— | $329,769 | Verified |
| 2021 | $15,609,000 | — | — | −$3,039,320 | $12,569,680 | $— | $274,911 | 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 | +6.3% | +6.3% | ~100% | 1.7900% | Verified |
| 2023 | -4.2% | -4.2% | ~100% | 1.7000% | Verified |
| 2022 | +32.2% | +32.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.7600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +34.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +3.2% | +2.2% | +32.2% | 2023 | -19.1% | 2022 |
| Assessment Ratio | 100.0% | 103.6% | — | 132.2% | 2022 | 80.5% | 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 |
$347,902 | $305,978 | ~$353,117 | $347,902 | 2025 | $272,367 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$17,366,703 | ~$17,366,703 | ~2.0139% | ~$349,754 | +2.2% |
| 2027 | ~$17,741,316 | ~$17,741,316 | ~1.9814% | ~$351,524 | +4.4% |
| 2028 | ~$18,124,010 | ~$18,124,010 | ~1.9488% | ~$353,208 | +6.6% |
| 2029 | ~$18,514,959 | ~$18,514,959 | ~1.9163% | ~$354,800 | +8.9% |
| 2030 | ~$18,914,341 | ~$18,914,341 | ~1.8837% | ~$356,297 | +11.3% |
| 2026 | ~$17,026,703 | ~$17,026,703 | ~2.0465% | ~$348,449 | +0.2% |
| 2027 | ~$17,053,448 | ~$17,053,448 | ~2.0465% | ~$348,996 | +0.3% |
| 2028 | ~$17,080,235 | ~$17,080,235 | ~2.0465% | ~$349,544 | +0.5% |
| 2029 | ~$17,107,065 | ~$17,107,065 | ~2.0465% | ~$350,094 | +0.6% |
| 2030 | ~$17,133,936 | ~$17,133,936 | ~2.0465% | ~$350,643 | +0.8% |
| 2026 | ~$17,706,703 | ~$17,706,703 | ~1.9977% | ~$353,720 | +4.2% |
| 2027 | ~$18,442,785 | ~$18,442,785 | ~1.9488% | ~$359,420 | +8.5% |
| 2028 | ~$19,209,465 | ~$19,209,465 | ~1.9000% | ~$364,983 | +13.0% |
| 2029 | ~$20,008,018 | ~$20,008,018 | ~1.8512% | ~$370,387 | +17.7% |
| 2030 | ~$20,839,767 | ~$20,839,767 | ~1.8024% | ~$375,610 | +22.6% |
In 2025, this property's market value of $17,000,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 12× 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 | $17,000,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $15,000,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $16,697,838 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $12,629,838 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $15,609,000 | $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.