700 DELMAR AVE TX 78752
| Owner | PRAYOGI LLC |
|---|---|
| Parcel ID | 0231140214 |
| Short ID | 232582 |
| Type | Real |
| Use Code | 35 Hotel — Limited Service |
| Valuation | Income |
| Improvement SF | 34,349 SF |
| Land SF | 75,315 SF |
| Acres | 1.729 |
| Year Built | 1997 |
| Legal | LOT 1-3 BLK 1 & S 5FT OF LT 3 LOT 1-3 BLK 6 LESS S 5FT ST JOHNS HOME ADDN ABS 789 SUR 57 .516AC JP WALLACE +PT VAC ST & ALLEY (COMMERCIAL PERSONAL PROPERTY) |
| Neighborhood | 35NC2 |
| Land | $2,259,457 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,259,457 |
| Improvement | $2,090,543 |
|---|---|
| Total Improvement | $2,090,543 |
| Market | $4,350,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,350,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $4,350,000 |
| Taxable Value | $4,350,000 |
|---|
Appreciation: Market value has risen +4.8% from $4,150,000 (2021) to $4,350,000 (2025), a CAGR of 1.2% over 4 years. Growth has been relatively flat for this asset class. 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 +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 $89,022. 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 52% of market value ($2,259,457 land vs $2,090,543 improvements), about $30/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $4,350,000, 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 +1.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,613,608 by 2030, with an estimated annual tax burden around $86,908. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 34,848 SF | ✗ |
| 551 | PAVED AREA | 31,920 SF | ✗ |
| 2ND | 2nd Floor | 25,848 SF | ✓ |
| SO | Sketch Only | 25,848 SF | ✗ |
| 1ST | 1st Floor | 8,501 SF | ✓ |
| 601 | POOL COMM'L | 504 SF | ✗ |
| LOBBY | Lobby | 499 SF | ✓ |
| 501 | CANOPY | 256 SF | ✗ |
| 482 | LIGHT POLES | 4 SF | ✓ |
| 449 | SPA | 1 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% | $40,246.20 | $40,246.20 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $22,794.74 | $22,794.74 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $16,349.26 | $16,349.26 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $5,134.00 | $5,134.00 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4,497.90 | $4,497.90 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $89,022.10 | $89,022.10 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,675,253 | $4,350,000 | +7.5% |
| Assessed Value | $4,675,253 | $4,350,000 | +7.5% |
| Land Value | $2,259,457 | $2,259,457 | +0.0% |
| Improvement Value | $2,415,796 | $2,090,543 | +15.6% |
| Taxable Value | $4,675,253 | $4,350,000 | +7.5% |
| Total Tax 2026 = estimate |
~$95,678
Estimated
|
~$89,022
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,675,253 | $4,675,253 | +0 (+0.0%) |
| Taxable Value | $4,675,253 | $4,675,253 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,675,253 | $2,259,457 | $2,415,796 | — | $4,675,253 | $4,675,253 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,350,000 | $2,259,457 | $2,090,543 | — | $4,350,000 | $4,350,000 | ~$89,022 | Partial |
| 2024 | $5,000,000 | — | — | −$2,740,543 | $2,259,457 | $— | $87,200 | Verified |
| 2023 | $3,925,000 | — | — | −$2,418,695 | $1,506,305 | $— | $90,462 | Verified |
| 2022 | $3,400,000 | — | — | −$1,893,695 | $1,506,305 | $— | $68,599 | Verified |
| 2021 | $4,150,000 | — | — | −$3,020,271 | $1,129,729 | $— | $65,720 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +7.5% | +7.5% | ~100% | Not available | Partial |
| 2025 | -1.1% | -1.1% | ~100% | Not available | Partial |
| 2024 | -12.0% | -12.0% | ~100% | 1.9800% | Verified |
| 2023 | +21.7% | +21.7% | ~100% | 1.8100% | Verified |
| 2022 | +8.5% | +8.5% | ~100% | 1.6700% | Verified |
| 2021 | base year | — | ~100% | 1.5800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +14.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +7.5% | +3.8% | -0.2% | +27.4% | 2024 | -18.1% | 2022 |
| Assessment Ratio | 100.0% | 59.2% | — | 100.0% | 2025 | 27.2% | 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 |
$89,022 | $80,200 | ~$87,798 | $90,462 | 2023 | $65,720 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,401,488 | ~$4,401,488 | ~2.0139% | ~$88,643 | +1.2% |
| 2027 | ~$4,453,586 | ~$4,453,586 | ~1.9814% | ~$88,243 | +2.4% |
| 2028 | ~$4,506,300 | ~$4,506,300 | ~1.9488% | ~$87,821 | +3.6% |
| 2029 | ~$4,559,639 | ~$4,559,639 | ~1.9163% | ~$87,376 | +4.8% |
| 2030 | ~$4,613,608 | ~$4,613,608 | ~1.8837% | ~$86,908 | +6.1% |
| 2026 | ~$4,314,488 | ~$4,314,488 | ~2.0465% | ~$88,295 | -0.8% |
| 2027 | ~$4,279,266 | ~$4,279,266 | ~2.0465% | ~$87,575 | -1.6% |
| 2028 | ~$4,244,332 | ~$4,244,332 | ~2.0465% | ~$86,860 | -2.4% |
| 2029 | ~$4,209,683 | ~$4,209,683 | ~2.0465% | ~$86,151 | -3.2% |
| 2030 | ~$4,175,317 | ~$4,175,317 | ~2.0465% | ~$85,447 | -4.0% |
| 2026 | ~$4,488,488 | ~$4,488,488 | ~1.9977% | ~$89,665 | +3.2% |
| 2027 | ~$4,631,385 | ~$4,631,385 | ~1.9488% | ~$90,258 | +6.5% |
| 2028 | ~$4,778,832 | ~$4,778,832 | ~1.9000% | ~$90,799 | +9.9% |
| 2029 | ~$4,930,973 | ~$4,930,973 | ~1.8512% | ~$91,282 | +13.4% |
| 2030 | ~$5,087,957 | ~$5,087,957 | ~1.8024% | ~$91,704 | +17.0% |
In 2025, this property's market value of $4,350,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 3× 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 | $4,350,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $5,000,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $3,925,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $3,400,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $4,150,000 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 25% | 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.