6903 AIRPORT BLVD TX 78752
| Owner | UNIVERSITY OF TEXAS SYSTEM |
|---|---|
| Parcel ID | 0231091520 |
| Short ID | 232327 |
| Type | Real |
| Use Code | 32 Restaurant |
| Valuation | Income |
| Improvement SF | 2,412 SF |
| Land SF | 29,969 SF |
| Acres | 0.688 |
| Year Built | 1978 |
| Legal | IMP ONLY ABS 789 SUR 75 WALLACE J P ACR .688 |
| Neighborhood | 32CEN |
| Land | $2,397,520 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,397,520 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $2,842,029 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,842,029 |
| Value Limitation Adjustment (−) (homestead cap) | −$97,249 |
| Net Appraised (assessed) | $2,744,780 |
| Taxable Value | $2,744,780 |
|---|
Appreciation: Market value has risen +109.3% from $1,357,692 (2021) to $2,842,029 (2025), a CAGR of 20.3% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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 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 $56,172. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($2,744,780) is $97,249 below market value, suggesting potential for an upward assessment in future years.
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 84% of market value ($2,397,520 land vs $0 improvements), about $80/SF of land. With value concentrated in the land under a ~48-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 $2,842,029, 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 +20.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $7,155,872 by 2030, with an estimated annual tax burden around $83,271. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 2,412 SF | ✓ |
| Unit (prop_id) | Owner | Address | Market Value | Assessed Value | Taxable Value |
|---|---|---|---|---|---|
| 232327 | UNIVERSITY OF TEXAS SYSTEM | 6903 AIRPORT BLVD 78752 | $2,397,520 | $2,397,520 | $2,397,520 |
| 487191 | UNIVERSITY OF TEXAS SYSTEM | 6903 AIRPORT BLVD 78752 | $468,352 | $416,712 | $416,712 |
Market value changed by 93% 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% | $25,394.71 | $25,394.71 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $14,383.11 | $14,383.11 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $10,316.12 | $10,316.12 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,239.48 | $3,239.48 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,838.11 | $2,838.11 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $56,171.53 | $56,171.53 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,865,872 | $2,842,029 | +0.8% |
| Assessed Value | $2,814,232 | $2,744,780 | +2.5% |
| Land Value | $2,397,520 | $2,397,520 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $2,814,232 | $2,744,780 | +2.5% |
| HS Cap Loss | -$51,640 | — | |
| Total Tax 2026 = estimate |
~$57,593
Estimated
|
~$56,172
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,865,872 | $2,865,872 | +0 (+0.0%) |
| Taxable Value | $2,814,232 | $2,814,232 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,865,872 | $2,397,520 | — | −$51,640 | $2,814,232 | $2,814,232 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,842,029 | $2,397,520 | — | −$97,249 | $2,744,780 | $2,744,780 | ~$56,172 | Partial |
| 2024 | $22,061 | — | — | — | $2,397,520 ! | $— | $53,249 | Verified |
| 2023 | $80,441 | — | — | — | $2,397,520 ! | $— | $43,776 | Verified |
| 2022 | $160,884 | — | — | — | $2,397,520 ! | $— | $48,938 | Verified |
| 2021 | $1,357,692 | — | — | −$158,932 | $1,198,760 | $— | $29,595 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +5.4% | +20.0% | 89.0% | Not available | Partial |
| 2025 | +53.6% | +20.0% | 78.1% | Not available | Partial |
| 2024 | +1211.7% ! | +1211.7% | ~100% | 1.9800% | Verified |
| 2023 | -72.6% | -72.6% | ~100% | 1.8100% | Verified |
| 2022 | -93.3% ! | -93.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -62.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.8% | +2514.5% | +20.1% | +12782.6% | 2025 | -88.2% | 2022 |
| Assessment Ratio | 98.2% | 2603.6% | — | 10867.7% | 2024 | 88.3% | 2021 |
| Effective Tax Rate (2025) | 1.6000% | 1.6000% | — | 1.6000% | 2025 | 1.6000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$56,172 | $46,346 | ~$71,618 | $56,172 | 2025 | $29,595 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,418,498 | ~$3,019,258 | ~2.0139% | ~$60,806 | +20.3% |
| 2027 | ~$4,111,896 | ~$3,321,184 | ~1.9814% | ~$65,806 | +44.7% |
| 2028 | ~$4,945,941 | ~$3,653,302 | ~1.9488% | ~$71,197 | +74.0% |
| 2029 | ~$5,949,161 | ~$4,018,632 | ~1.9163% | ~$77,009 | +109.3% |
| 2030 | ~$7,155,872 | ~$4,420,496 | ~1.8837% | ~$83,271 | +151.8% |
| 2026 | ~$3,361,657 | ~$3,019,258 | ~2.0465% | ~$61,789 | +18.3% |
| 2027 | ~$3,976,293 | ~$3,321,184 | ~2.0465% | ~$67,968 | +39.9% |
| 2028 | ~$4,703,307 | ~$3,653,302 | ~2.0465% | ~$74,764 | +65.5% |
| 2029 | ~$5,563,246 | ~$4,018,632 | ~2.0465% | ~$82,241 | +95.7% |
| 2030 | ~$6,580,413 | ~$4,420,496 | ~2.0465% | ~$90,465 | +131.5% |
| 2026 | ~$3,475,338 | ~$3,019,258 | ~1.9977% | ~$60,315 | +22.3% |
| 2027 | ~$4,249,773 | ~$3,321,184 | ~1.9488% | ~$64,725 | +49.5% |
| 2028 | ~$5,196,780 | ~$3,653,302 | ~1.9000% | ~$69,413 | +82.9% |
| 2029 | ~$6,354,815 | ~$4,018,632 | ~1.8512% | ~$74,393 | +123.6% |
| 2030 | ~$7,770,904 | ~$4,420,496 | ~1.8024% | ~$79,674 | +173.4% |
In 2025, this property's market value of $2,842,029 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +100% 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 | $2,842,029 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $22,061 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $80,441 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $160,884 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $1,357,692 | $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.