1515 S INTERSTATE HY 35 TX 78741
| Owner | NEMEROW INVESTMENTS LLC |
|---|---|
| Parcel ID | 0303050609 |
| Short ID | 284941 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 2,866 SF |
| Land SF | 6,878 SF |
| Acres | 0.158 |
| Year Built | 1972 |
| Legal | 0.1770 AC OF LOT 12 ELMHURST |
| Neighborhood | 53SEA |
| Land | $550,250 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $550,250 |
| Improvement | $549,750 |
|---|---|
| Total Improvement | $549,750 |
| Market | $1,100,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,100,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,100,000 |
| Taxable Value | $1,100,000 |
|---|
| Total Due | $945.21 |
|---|---|
| First Delinquent | 2024 |
Appreciation: Market value has risen +87.2% from $587,485 (2021) to $1,100,000 (2025), a CAGR of 17.0% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $22,511. 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 50% of market value ($550,250 land vs $549,750 improvements), about $80/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,100,000, this parcel sits in the lower-middle (25th–50th 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 +17.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,409,282 by 2030, with an estimated annual tax burden around $33,372. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
Delinquent Taxes: $945.21 in unpaid taxes since 2024. These become a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 4,752 SF | ✗ |
| 591 | MASONRY TRIM SF | 2,250 SF | ✗ |
| 1ST | 1st Floor | 1,960 SF | ✓ |
| 2ND | 2nd Floor | 906 SF | ✓ |
| 501 | CANOPY | 426 SF | ✗ |
| 611 | TERRACE | 165 SF | ✗ |
| 581C | STORAGE ATT COMM | 110 SF | ✓ |
This parcel has unpaid taxes on record. Delinquent taxes are a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
| 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% | $10,177.20 | $10,177.20 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,764.19 | $5,764.19 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,134.30 | $4,134.30 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,298.25 | $1,298.25 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,137.40 | $1,137.40 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $22,511.34 | $22,511.34 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,100,000 | $1,100,000 | +0.0% |
| Assessed Value | $1,100,000 | $1,100,000 | +0.0% |
| Land Value | $550,250 | $550,250 | +0.0% |
| Improvement Value | $549,750 | $549,750 | +0.0% |
| Taxable Value | $1,100,000 | $1,100,000 | +0.0% |
| Total Tax 2026 = estimate |
~$22,511
Estimated
|
~$22,511
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,402,714 | $1,100,000 | -302,714 (-21.6%) |
| Taxable Value | $1,320,000 | $1,100,000 | -220,000 (-16.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,100,000 | $550,250 | $549,750 | — | $1,100,000 | $1,100,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,100,000 | $550,250 | $549,750 | — | $1,100,000 | $1,100,000 | ~$22,511 | Partial |
| 2024 | $933,941 | — | — | −$317,131 | $616,810 | $— | $20,263 | Verified |
| 2023 | $774,671 | — | — | −$543,367 | $231,304 | $— | $16,897 | Verified |
| 2022 | $743,482 | — | — | −$512,178 | $231,304 | $— | $15,299 | Verified |
| 2021 | $587,485 | — | — | −$394,732 | $192,753 | $— | $16,183 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +27.5% | +20.0% | 94.1% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +10.3% | +10.3% | ~100% | 1.8400% | Verified |
| 2023 | +21.0% | +21.0% | ~100% | 1.6900% | Verified |
| 2022 | +10.8% | +10.8% | ~100% | 1.8600% | Verified |
| 2021 | base year | — | ~100% | 2.7500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +48.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +13.8% | +17.0% | +26.6% | 2022 | +0.0% | 2026 |
| Assessment Ratio | 100.0% | 60.0% | — | 100.0% | 2025 | 29.9% | 2023 |
| 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 |
$22,511 | $18,231 | ~$28,702 | $22,511 | 2025 | $15,299 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,286,743 | ~$1,210,000 | ~2.0139% | ~$24,369 | +17.0% |
| 2027 | ~$1,505,188 | ~$1,331,000 | ~1.9814% | ~$26,372 | +36.8% |
| 2028 | ~$1,760,717 | ~$1,464,100 | ~1.9488% | ~$28,533 | +60.1% |
| 2029 | ~$2,059,627 | ~$1,610,510 | ~1.9163% | ~$30,862 | +87.2% |
| 2030 | ~$2,409,282 | ~$1,771,561 | ~1.8837% | ~$33,372 | +119.0% |
| 2026 | ~$1,264,743 | ~$1,210,000 | ~2.0465% | ~$24,762 | +15.0% |
| 2027 | ~$1,454,158 | ~$1,331,000 | ~2.0465% | ~$27,239 | +32.2% |
| 2028 | ~$1,671,941 | ~$1,464,100 | ~2.0465% | ~$29,963 | +52.0% |
| 2029 | ~$1,922,341 | ~$1,610,510 | ~2.0465% | ~$32,959 | +74.8% |
| 2030 | ~$2,210,242 | ~$1,771,561 | ~2.0465% | ~$36,255 | +100.9% |
| 2026 | ~$1,308,743 | ~$1,210,000 | ~1.9977% | ~$24,172 | +19.0% |
| 2027 | ~$1,557,097 | ~$1,331,000 | ~1.9488% | ~$25,939 | +41.6% |
| 2028 | ~$1,852,581 | ~$1,464,100 | ~1.9000% | ~$27,818 | +68.4% |
| 2029 | ~$2,204,138 | ~$1,610,510 | ~1.8512% | ~$29,814 | +100.4% |
| 2030 | ~$2,622,409 | ~$1,771,561 | ~1.8024% | ~$31,930 | +138.4% |
In 2025, this property's market value of $1,100,000 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -22% 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 | $1,100,000 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $933,941 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $774,671 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $743,482 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $587,485 | $517,750 | $1,142,600 | $2,780,453 | ↓ Below 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.