646 CANION ST TX 78752
| Owner | WESTBROOK TERRY DON TR |
|---|---|
| Parcel ID | 0231091412 |
| Short ID | 232313 |
| Type | Real |
| Use Code | 61 Warehouse (<20,000 SF) |
| Valuation | Cost |
| Improvement SF | 11,340 SF |
| Land SF | 32,320 SF |
| Acres | 0.742 |
| Year Built | 1969 |
| Legal | LOT 1-3 BLK J PLAZA PLACE |
| Neighborhood | 61NOR |
| Land | $1,292,800 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,292,800 |
| Improvement | $390,617 |
|---|---|
| Total Improvement | $390,617 |
| Market | $1,683,417 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,683,417 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,683,417 |
| Taxable Value | $1,683,417 |
|---|
Appreciation: Market value has risen +10.9% from $1,518,000 (2021) to $1,683,417 (2025), a CAGR of 2.6% 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 $34,451. 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 77% of market value ($1,292,800 land vs $390,617 improvements), about $40/SF of land. With value concentrated in the land under a ~57-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 $1,683,417, this parcel sits in the upper-middle (50th–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 +2.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,915,762 by 2030, with an estimated annual tax burden around $36,088. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 11,340 SF | ✓ |
| 551 | PAVED AREA | 3,000 SF | ✗ |
| 611 | TERRACE | 740 SF | ✗ |
| 881 | COMMCL FINISHOUT | 738 SF | ✓ |
| 591 | MASONRY TRIM SF | 350 SF | ✗ |
| 541 | FENCE COMM LF | 200 SF | ✗ |
| 407 | LOADING DOCK | 100 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% | $15,574.97 | $15,574.97 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $8,821.39 | $8,821.39 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,327.04 | $6,327.04 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,986.82 | $1,986.82 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,740.65 | $1,740.65 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $34,450.87 | $34,450.87 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,813,000 | $1,683,417 | +7.7% |
| Assessed Value | $1,813,000 | $1,683,417 | +7.7% |
| Land Value | $1,292,800 | $1,292,800 | +0.0% |
| Improvement Value | $520,200 | $390,617 | +33.2% |
| Taxable Value | $1,813,000 | $1,683,417 | +7.7% |
| Total Tax 2026 = estimate |
~$37,103
Estimated
|
~$34,451
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,813,000 | $1,813,000 | +0 (+0.0%) |
| Taxable Value | $1,813,000 | $1,813,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,813,000 | $1,292,800 | $520,200 | — | $1,813,000 | $1,813,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,683,417 | $1,292,800 | $390,617 | — | $1,683,417 | $1,683,417 | ~$34,451 | Partial |
| 2024 | $1,720,776 | — | — | −$427,976 | $1,292,800 | $— | $37,416 | Verified |
| 2023 | $1,720,776 | — | — | −$427,976 | $1,292,800 | $— | $31,133 | Verified |
| 2022 | $1,559,176 | — | — | −$266,376 | $1,292,800 | $— | $31,718 | Verified |
| 2021 | $1,518,000 | — | — | −$386,800 | $1,131,200 | $— | $32,712 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +7.7% | +7.7% | ~100% | Not available | Partial |
| 2025 | -10.8% | -10.8% | ~100% | Not available | Partial |
| 2024 | +9.7% | +9.7% | ~100% | 1.9800% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.8100% | Verified |
| 2022 | +10.4% | +10.4% | ~100% | 1.8400% | Verified |
| 2021 | base year | — | ~100% | 2.1600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +8.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +7.7% | +3.7% | +1.2% | +10.4% | 2023 | -2.2% | 2025 |
| Assessment Ratio | 100.0% | 84.6% | — | 100.0% | 2025 | 74.5% | 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 |
$34,451 | $33,486 | ~$35,446 | $37,416 | 2024 | $31,133 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,727,514 | ~$1,727,514 | ~2.0139% | ~$34,791 | +2.6% |
| 2027 | ~$1,772,767 | ~$1,772,767 | ~1.9814% | ~$35,125 | +5.3% |
| 2028 | ~$1,819,205 | ~$1,819,205 | ~1.9488% | ~$35,453 | +8.1% |
| 2029 | ~$1,866,860 | ~$1,866,860 | ~1.9163% | ~$35,774 | +10.9% |
| 2030 | ~$1,915,762 | ~$1,915,762 | ~1.8837% | ~$36,088 | +13.8% |
| 2026 | ~$1,693,846 | ~$1,693,846 | ~2.0465% | ~$34,664 | +0.6% |
| 2027 | ~$1,704,340 | ~$1,704,340 | ~2.0465% | ~$34,879 | +1.2% |
| 2028 | ~$1,714,899 | ~$1,714,899 | ~2.0465% | ~$35,095 | +1.9% |
| 2029 | ~$1,725,523 | ~$1,725,523 | ~2.0465% | ~$35,313 | +2.5% |
| 2030 | ~$1,736,213 | ~$1,736,213 | ~2.0465% | ~$35,531 | +3.1% |
| 2026 | ~$1,761,183 | ~$1,761,183 | ~1.9977% | ~$35,182 | +4.6% |
| 2027 | ~$1,842,541 | ~$1,842,541 | ~1.9488% | ~$35,908 | +9.5% |
| 2028 | ~$1,927,658 | ~$1,927,658 | ~1.9000% | ~$36,626 | +14.5% |
| 2029 | ~$2,016,706 | ~$2,016,706 | ~1.8512% | ~$37,333 | +19.8% |
| 2030 | ~$2,109,868 | ~$2,109,868 | ~1.8024% | ~$38,028 | +25.3% |
In 2025, this property's market value of $1,683,417 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +19% above 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 | $1,683,417 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,720,776 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,720,776 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,559,176 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,518,000 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above median | 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.