6505 AIRPORT BLVD TX
| Owner | AIRPORT CENTER OWNER LLC |
|---|---|
| Parcel ID | 0229112102 |
| Short ID | 946632 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 171,965 SF |
| Acres | 3.948 |
| Year Built | — |
| Legal | UNT MULTI FAMILY MASTER AIRPORT MIXED-USE CONDOMINIUMS PLUS 51.44 % INT IN COM AREA |
| Neighborhood | 1NC2 |
| Land | $2,579,482 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,579,482 |
| Improvement | $73,280,518 |
|---|---|
| Total Improvement | $73,280,518 |
| Market | $75,860,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $75,860,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $75,860,000 |
| Taxable Value | $75,860,000 |
|---|
Appreciation: Market value has risen +1039.5% from $6,657,302 (2023) to $75,860,000 (2025), a CAGR of 237.6% over 2 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. Over the same span, the median Multi-Family parcel countywide fell -15.8%, so this parcel has outpaced the broader multi-family 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 $1,552,464. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Multi-family residential. 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 3% of market value ($2,579,482 land vs $73,280,518 improvements), about $15/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $75,860,000, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,778 (P25 $438,669 / P75 $749,859, n=12,584). Multi-Family here is the broad TCAD category — every multi-family 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 +237.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $33,250,584,786 by 2030, with an estimated annual tax burden around $2,301,430. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| ADDL | Additional Floor | 268,950 SF | ✓ |
Market value changed by 158% in 2022, 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% | $656,892.00 | $656,892.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $372,052.07 | $372,052.07 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $266,849.95 | $266,849.95 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $83,796.33 | $83,796.33 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $73,414.00 | $73,414.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,453,004.35 | $1,453,004.35 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $69,910,000 | $75,860,000 | -7.8% |
| Assessed Value | $69,910,000 | $75,860,000 | -7.8% |
| Land Value | $2,579,482 | $2,579,482 | +0.0% |
| Improvement Value | $67,330,518 | $73,280,518 | -8.1% |
| Taxable Value | $69,910,000 | $75,860,000 | -7.8% |
| Total Tax 2026 = estimate |
~$1,430,698
Estimated
|
~$1,453,004
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $69,910,000 | $69,910,000 | +0 (+0.0%) |
| Taxable Value | $69,910,000 | $69,910,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $69,910,000 | $2,579,482 | $67,330,518 | — | $69,910,000 | $69,910,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $75,860,000 | $2,579,482 | $73,280,518 | — | $75,860,000 | $75,860,000 | ~$1,453,004 | Partial |
| 2024 | $35,473,143 | — | — | −$32,893,661 | $2,579,482 | $— | $1,377,361 | Verified |
| 2023 | $6,657,302 | — | — | −$4,077,820 | $2,579,482 | $— | $641,797 | Verified |
| 2022 | $— | — | — | — | $2,579,482 | $— | $131,477 | Verified |
| 2021 | $— | — | — | — | $2,579,482 | $— | $56,147 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -7.8% | -7.8% | ~100% | Not available | Partial |
| 2025 | +9.2% | +9.2% | ~100% | Not available | Partial |
| 2024 | +95.9% ! | +95.9% | ~100% | 1.9800% | Verified |
| 2023 | +432.8% ! | +432.8% | ~100% | 1.8100% | Verified |
| 2022 | +158.1% ! | +158.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +2840.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -7.8% | +179.6% | +243.3% | +432.8% | 2024 | -7.8% | 2026 |
| Assessment Ratio | 100.0% | 61.5% | — | 100.0% | 2025 | 7.3% | 2024 |
| Effective Tax Rate (2025) | 1.9200% | 1.9200% | — | 1.9200% | 2025 | 1.9200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,453,004 | $1,157,387 | ~$1,979,361 | $1,453,004 | 2025 | $641,797 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$256,076,738 | ~$83,446,000 | ~2.0139% | ~$1,680,549 | +237.6% |
| 2027 | ~$864,425,198 | ~$91,790,600 | ~1.9814% | ~$1,818,728 | +1039.5% |
| 2028 | ~$2,917,996,106 | ~$100,969,660 | ~1.9488% | ~$1,967,737 | +3746.6% |
| 2029 | ~$9,850,130,808 | ~$111,066,626 | ~1.9163% | ~$2,128,360 | +12884.6% |
| 2030 | ~$33,250,584,786 | ~$122,173,289 | ~1.8837% | ~$2,301,430 | +43731.5% |
| 2026 | ~$254,559,538 | ~$83,446,000 | ~2.0465% | ~$1,707,710 | +235.6% |
| 2027 | ~$854,212,473 | ~$91,790,600 | ~2.0465% | ~$1,878,481 | +1026.0% |
| 2028 | ~$2,866,437,279 | ~$100,969,660 | ~2.0465% | ~$2,066,329 | +3678.6% |
| 2029 | ~$9,618,757,557 | ~$111,066,626 | ~2.0465% | ~$2,272,962 | +12579.6% |
| 2030 | ~$32,277,174,741 | ~$122,173,289 | ~2.0465% | ~$2,500,258 | +42448.3% |
| 2026 | ~$257,593,938 | ~$83,446,000 | ~1.9977% | ~$1,666,969 | +239.6% |
| 2027 | ~$874,698,612 | ~$91,790,600 | ~1.9488% | ~$1,788,851 | +1053.0% |
| 2028 | ~$2,970,169,517 | ~$100,969,660 | ~1.9000% | ~$1,918,440 | +3815.3% |
| 2029 | ~$10,085,653,323 | ~$111,066,626 | ~1.8512% | ~$2,056,059 | +13195.1% |
| 2030 | ~$34,247,339,211 | ~$122,173,289 | ~1.8024% | ~$2,202,016 | +45045.5% |
In 2025, this property's market value of $75,860,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 146× the county median of $519,778. Multi-Family here is the broad TCAD category — every multi-family 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 | $75,860,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $35,473,143 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $6,657,302 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | — | $300,453 | $376,850 | $539,896 | — | 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.