700 MIDDLE LN TX 78753
| Owner | PATEL SHILPABEN P |
|---|---|
| Parcel ID | 0239190226 |
| Short ID | 243345 |
| Type | Real |
| Use Code | 37 Motel — Extended Stay |
| Valuation | Income |
| Improvement SF | 4,144 SF |
| Land SF | 17,512 SF |
| Acres | 0.402 |
| Year Built | 1984 |
| Legal | LOT 6 *& W3 FT OF LOT 7 *LESS S5 FT BLK L GEORGIAN ACRES (COMMERCIAL PERSONAL PROPERTY) |
| Neighborhood | 37NO1 |
| Land | $223,278 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $223,278 |
| Improvement | $41,722 |
|---|---|
| Total Improvement | $41,722 |
| Market | $265,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $265,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $265,000 |
| Taxable Value | $265,000 |
|---|
Appreciation: Market value has fallen -1.3% from $268,370 (2021) to $265,000 (2025), a CAGR of -0.3% over 4 years. Growth has been relatively flat for this asset class. 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 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 $5,423. 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 84% of market value ($223,278 land vs $41,722 improvements), about $13/SF of land. With value concentrated in the land under a ~42-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 $265,000, this parcel sits in the bottom quartile (<25th 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 -0.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $260,847 by 2030, with an estimated annual tax burden around $4,914. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 6,000 SF | ✗ |
| 1ST | 1st Floor | 2,072 SF | ✓ |
| 2ND | 2nd Floor | 2,072 SF | ✓ |
| 501 | CANOPY | 994 SF | ✗ |
| 611 | TERRACE | 530 SF | ✗ |
| 601 | POOL COMM'L | 200 SF | ✗ |
| 581C | STORAGE ATT COMM | 120 SF | ✓ |
| 511 | DECK | 24 SF | ✗ |
| 549 | FENCE COMM FV | 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% | $2,451.78 | $2,451.78 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,388.65 | $1,388.65 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $995.99 | $995.99 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $312.76 | $312.76 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $274.01 | $274.01 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $5,423.19 | $5,423.19 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $295,383 | $265,000 | +11.5% |
| Assessed Value | $295,383 | $265,000 | +11.5% |
| Land Value | $223,278 | $223,278 | +0.0% |
| Improvement Value | $72,105 | $41,722 | +72.8% |
| Taxable Value | $295,383 | $265,000 | +11.5% |
| Total Tax 2026 = estimate |
~$6,045
Estimated
|
~$5,423
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $295,383 | $295,383 | +0 (+0.0%) |
| Taxable Value | $295,383 | $295,383 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $295,383 | $223,278 | $72,105 | — | $295,383 | $295,383 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $265,000 | $223,278 | $41,722 | — | $265,000 | $265,000 | ~$5,423 | Partial |
| 2024 | $298,747 | — | — | −$75,469 | $223,278 | $— | $5,252 | Verified |
| 2023 | $268,370 | — | — | −$45,092 | $223,278 | $— | $5,405 | Verified |
| 2022 | $268,370 | — | — | −$45,092 | $223,278 | $— | $5,300 | Verified |
| 2021 | $268,370 | — | — | −$45,092 | $223,278 | $— | $5,842 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +11.5% | +11.5% | ~100% | Not available | Partial |
| 2025 | -9.2% | -9.2% | ~100% | Not available | Partial |
| 2024 | -2.3% | -2.3% | ~100% | 1.8000% | Verified |
| 2023 | +11.3% | +11.3% | ~100% | 1.8100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -1.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +11.5% | +2.3% | -2.4% | +11.5% | 2026 | -11.3% | 2025 |
| Assessment Ratio | 100.0% | 87.4% | — | 100.0% | 2025 | 74.7% | 2024 |
| 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 |
$5,423 | $5,444 | ~$5,116 | $5,842 | 2021 | $5,252 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$264,164 | ~$264,164 | ~2.0139% | ~$5,320 | -0.3% |
| 2027 | ~$263,331 | ~$263,331 | ~1.9814% | ~$5,218 | -0.6% |
| 2028 | ~$262,500 | ~$262,500 | ~1.9488% | ~$5,116 | -0.9% |
| 2029 | ~$261,672 | ~$261,672 | ~1.9163% | ~$5,014 | -1.3% |
| 2030 | ~$260,847 | ~$260,847 | ~1.8837% | ~$4,914 | -1.6% |
| 2026 | ~$258,864 | ~$258,864 | ~2.0465% | ~$5,298 | -2.3% |
| 2027 | ~$252,870 | ~$252,870 | ~2.0465% | ~$5,175 | -4.6% |
| 2028 | ~$247,015 | ~$247,015 | ~2.0465% | ~$5,055 | -6.8% |
| 2029 | ~$241,296 | ~$241,296 | ~2.0465% | ~$4,938 | -8.9% |
| 2030 | ~$235,709 | ~$235,709 | ~2.0465% | ~$4,824 | -11.1% |
| 2026 | ~$269,464 | ~$269,464 | ~1.9977% | ~$5,383 | +1.7% |
| 2027 | ~$274,003 | ~$274,003 | ~1.9488% | ~$5,340 | +3.4% |
| 2028 | ~$278,619 | ~$278,619 | ~1.9000% | ~$5,294 | +5.1% |
| 2029 | ~$283,313 | ~$283,313 | ~1.8512% | ~$5,245 | +6.9% |
| 2030 | ~$288,085 | ~$288,085 | ~1.8024% | ~$5,192 | +8.7% |
In 2025, this property's market value of $265,000 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -81% below 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 | $265,000 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $298,747 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $268,370 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $268,370 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $268,370 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 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.