56 ST 78751
| Owner | BUP 501 AUSTIN OWNER LLC |
|---|---|
| Parcel ID | 0226100901 |
| Short ID | 981061 |
| Type | Real |
| Use Code | 61 Warehouse (<20,000 SF) |
| Valuation | Cost |
| Improvement SF | 14,085 SF |
| Land SF | 140,220 SF |
| Acres | 3.219 |
| Year Built | 1960 |
| Legal | 501 THE LOT 2 |
| Neighborhood | NO |
| Land | $9,114,277 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $9,114,277 |
| Improvement | $380,441 |
|---|---|
| Total Improvement | $380,441 |
| Market | $9,494,718 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $9,494,718 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $9,494,718 |
| Taxable Value | $9,494,718 |
|---|
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 $194,308. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 96% of market value ($9,114,277 land vs $380,441 improvements), about $65/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 $9,494,718, 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.
No delinquent taxes on record.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 44,860 SF | ✗ |
| 1ST | 1st Floor | 14,085 SF | ✓ |
| 881 | COMMCL FINISHOUT | 2,922 SF | ✓ |
| 541 | FENCE COMM LF | 485 SF | ✗ |
| 501 | CANOPY | 354 SF | ✗ |
| 591 | MASONRY TRIM SF | 300 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 124 SF | ✗ |
| 611 | TERRACE | 120 SF | ✗ |
| 482 | LIGHT POLES | 5 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% | $87,845.13 | $87,845.13 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $49,753.94 | $49,753.94 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $35,685.42 | $35,685.42 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $11,205.95 | $11,205.95 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $9,817.54 | $9,817.54 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $194,307.98 | $194,307.98 | Paid |
| 2026 Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | — | $9,494,718 | — |
| Assessed Value | — | $9,494,718 | — |
| Land Value | — | $9,114,277 | — |
| Improvement Value | — | $380,441 | — |
| Taxable Value | — | $9,494,718 | — |
| Total Tax | Pending certification |
~$194,308
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2025 | $9,494,718 | $9,114,277 | $380,441 | — | $9,494,718 | $9,494,718 | ~$194,308 | Partial |
| 2024 | $— | — | — | — | $9,114,277 | $— | $193,573 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2025 | -2.8% | -2.8% | ~100% | Not available | Partial |
| 2024 | base year | — | ~100% | 1.9800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -2.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | — | — | — | — | — | — | — |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2025 | 100.0% | 2025 |
| 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 |
$194,308 | $194,308 | — | $194,308 | 2025 | $194,308 | 2025 |
In 2025, this property's market value of $9,494,718 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 7× 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 | $9,494,718 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | — | $661,016 | $1,438,465 | $3,471,171 | — | +0.0% |
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.