6505 AIRPORT BLVD TX
| Owner | LAMY-ARCADIA LLC |
|---|---|
| Parcel ID | 0229112103 |
| Short ID | 946633 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 86,099 SF |
| Land SF | 162,338 SF |
| Acres | 3.727 |
| Year Built | 1961 |
| Legal | UNT OFFICE MASTER AIRPORT MIXED-USE CONDOMINIUMS PLUS 48.56 % INT IN COM AREA |
| Neighborhood | 51NOR |
| Land | $2,435,063 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,435,063 |
| Improvement | $10,064,937 |
|---|---|
| Total Improvement | $10,064,937 |
| Market | $12,500,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $12,500,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $12,500,000 |
| Taxable Value | $12,500,000 |
|---|
Appreciation: Market value has risen +30.8% from $9,554,320 (2022) to $12,500,000 (2025), a CAGR of 9.4% over 3 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 +16.6%, 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 $255,811. 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 19% of market value ($2,435,063 land vs $10,064,937 improvements), about $15/SF of land. Most value sits in the improvements, so building condition, age (~65 yrs), and rent roll drive the underwriting.
Submarket Position: At $12,500,000, 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 +9.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $19,562,622 by 2030, with an estimated annual tax burden around $368,509. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 118,387 SF | ✗ |
| 491 | SPRINKLER HEADS | 106,353 SF | ✗ |
| 1ST | 1st Floor | 86,099 SF | ✓ |
| 611 | TERRACE | 8,727 SF | ✗ |
| 501 | CANOPY | 2,108 SF | ✗ |
| 435 | FENCE IRON LF | 74 SF | ✗ |
| 482 | LIGHT POLES | 8 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% | $113,463.59 | $113,463.59 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $64,263.78 | $64,263.78 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $46,092.44 | $46,092.44 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $14,473.97 | $14,473.97 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $12,680.65 | $12,680.65 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $250,974.43 | $250,974.43 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $12,845,000 | $12,500,000 | +2.8% |
| Assessed Value | $12,845,000 | $12,500,000 | +2.8% |
| Land Value | $2,435,063 | $2,435,063 | +0.0% |
| Improvement Value | $10,409,937 | $10,064,937 | +3.4% |
| Taxable Value | $12,845,000 | $12,500,000 | +2.8% |
| Total Tax 2026 = estimate |
~$262,871
Estimated
|
~$250,974
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $12,845,000 | $12,845,000 | +0 (+0.0%) |
| Taxable Value | $12,845,000 | $12,845,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $12,845,000 | $2,435,063 | $10,409,937 | — | $12,845,000 | $12,845,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $12,500,000 | $2,435,063 | $10,064,937 | — | $12,500,000 | $12,500,000 | ~$250,974 | Partial |
| 2024 | $15,816,330 | — | — | −$13,381,267 | $2,435,063 | $— | $268,103 | Verified |
| 2023 | $12,402,023 | — | — | −$9,966,960 | $2,435,063 | $— | $286,156 | Verified |
| 2022 | $9,554,320 | — | — | −$7,119,257 | $2,435,063 | $— | $244,930 | Verified |
| 2021 | $— | — | — | — | $2,435,063 | $— | $207,967 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.8% | +2.8% | ~100% | Not available | Partial |
| 2025 | -11.0% | -11.0% | ~100% | Not available | Partial |
| 2024 | -11.2% | -11.2% | ~100% | 1.9100% | Verified |
| 2023 | +27.5% | +27.5% | ~100% | 1.8100% | Verified |
| 2022 | +29.8% | +29.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +30.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.8% | +9.8% | +8.8% | +29.8% | 2023 | -21.0% | 2025 |
| Assessment Ratio | 100.0% | 52.1% | — | 100.0% | 2025 | 15.4% | 2024 |
| Effective Tax Rate (2025) | 2.0100% | 2.0100% | — | 2.0100% | 2025 | 2.0100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$250,974 | $262,541 | ~$320,316 | $286,156 | 2023 | $244,930 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$13,671,414 | ~$13,671,414 | ~2.0139% | ~$275,334 | +9.4% |
| 2027 | ~$14,952,604 | ~$14,952,604 | ~1.9814% | ~$296,269 | +19.6% |
| 2028 | ~$16,353,859 | ~$16,353,859 | ~1.9488% | ~$318,710 | +30.8% |
| 2029 | ~$17,886,429 | ~$17,886,429 | ~1.9163% | ~$342,756 | +43.1% |
| 2030 | ~$19,562,622 | ~$19,562,622 | ~1.8837% | ~$368,509 | +56.5% |
| 2026 | ~$13,421,414 | ~$13,421,414 | ~2.0465% | ~$274,667 | +7.4% |
| 2027 | ~$14,410,748 | ~$14,410,748 | ~2.0465% | ~$294,914 | +15.3% |
| 2028 | ~$15,473,008 | ~$15,473,008 | ~2.0465% | ~$316,653 | +23.8% |
| 2029 | ~$16,613,571 | ~$16,613,571 | ~2.0465% | ~$339,994 | +32.9% |
| 2030 | ~$17,838,209 | ~$17,838,209 | ~2.0465% | ~$365,056 | +42.7% |
| 2026 | ~$13,921,414 | ~$13,750,000 | ~1.9977% | ~$274,679 | +11.4% |
| 2027 | ~$15,504,461 | ~$15,125,000 | ~1.9488% | ~$294,762 | +24.0% |
| 2028 | ~$17,267,521 | ~$16,637,500 | ~1.9000% | ~$316,115 | +38.1% |
| 2029 | ~$19,231,064 | ~$18,301,250 | ~1.8512% | ~$338,792 | +53.8% |
| 2030 | ~$21,417,888 | ~$20,131,375 | ~1.8024% | ~$362,842 | +71.3% |
In 2025, this property's market value of $12,500,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 9× 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 | $12,500,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $15,816,330 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $12,402,023 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $9,554,320 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | — | $517,750 | $1,142,600 | $2,780,453 | — | 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.