2538 ELMONT DR TX 78741
| Owner | NASA PROPERTIES INC |
|---|---|
| Parcel ID | 0303090110 |
| Short ID | 285046 |
| Type | Real |
| Use Code | 31 Night Club / Bar |
| Valuation | Income |
| Improvement SF | 4,800 SF |
| Land SF | 18,513 SF |
| Acres | 0.425 |
| Year Built | 1973 |
| Legal | LOT 1 SHEARER BALDWIN AND STEVENS SUBD |
| Neighborhood | 30CEN |
| Land | $1,110,780 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,110,780 |
| Improvement | $148,004 |
|---|---|
| Total Improvement | $148,004 |
| Market | $1,258,784 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,258,784 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,258,784 |
| Taxable Value | $1,258,784 |
|---|
Appreciation: Market value has fallen -2.8% from $1,295,414 (2021) to $1,258,784 (2025), a CAGR of -0.7% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), 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 $25,761. 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 88% of market value ($1,110,780 land vs $148,004 improvements), about $60/SF of land. With value concentrated in the land under a ~53-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 $1,258,784, 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 -0.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,214,450 by 2030, with an estimated annual tax burden around $22,877. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 11,400 SF | ✗ |
| 1ST | 1st Floor | 4,800 SF | ✓ |
| 501 | CANOPY | 721 SF | ✗ |
| 611 | TERRACE | 721 SF | ✗ |
| 273 | COLDSTG VAULT SM | 372 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% | $11,646.27 | $11,646.27 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,596.24 | $6,596.24 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,731.08 | $4,731.08 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,485.65 | $1,485.65 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,301.58 | $1,301.58 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $25,760.82 | $25,760.82 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,275,503 | $1,258,784 | +1.3% |
| Assessed Value | $1,275,503 | $1,258,784 | +1.3% |
| Land Value | $1,110,780 | $1,110,780 | +0.0% |
| Improvement Value | $164,723 | $148,004 | +11.3% |
| Taxable Value | $1,275,503 | $1,258,784 | +1.3% |
| Total Tax 2026 = estimate |
~$26,103
Estimated
|
~$25,761
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,275,503 | $1,275,503 | +0 (+0.0%) |
| Taxable Value | $1,275,503 | $1,275,503 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,275,503 | $1,110,780 | $164,723 | — | $1,275,503 | $1,275,503 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,258,784 | $1,110,780 | $148,004 | — | $1,258,784 | $1,258,784 | ~$25,761 | Partial |
| 2024 | $1,240,724 | — | — | −$129,944 | $1,110,780 | $— | $25,390 | Verified |
| 2023 | $1,187,357 | — | — | −$169,142 | $1,018,215 | $— | $22,448 | Verified |
| 2022 | $1,149,103 | — | — | −$130,888 | $1,018,215 | $— | $23,449 | Verified |
| 2021 | $1,295,414 | — | — | −$277,199 | $1,018,215 | $— | $25,012 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.3% | +1.3% | ~100% | Not available | Partial |
| 2025 | -1.7% | -1.7% | ~100% | Not available | Partial |
| 2024 | +3.3% | +3.3% | ~100% | 1.9800% | Verified |
| 2023 | +4.5% | +4.5% | ~100% | 1.8100% | Verified |
| 2022 | +3.3% | +3.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.9300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +9.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.3% | -0.1% | -1.0% | +4.5% | 2024 | -11.3% | 2022 |
| Assessment Ratio | 100.0% | 90.4% | — | 100.0% | 2025 | 78.6% | 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 |
$25,761 | $24,412 | ~$24,017 | $25,761 | 2025 | $22,448 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,249,789 | ~$1,249,789 | ~2.0139% | ~$25,170 | -0.7% |
| 2027 | ~$1,240,859 | ~$1,240,859 | ~1.9814% | ~$24,586 | -1.4% |
| 2028 | ~$1,231,993 | ~$1,231,993 | ~1.9488% | ~$24,010 | -2.1% |
| 2029 | ~$1,223,190 | ~$1,223,190 | ~1.9163% | ~$23,440 | -2.8% |
| 2030 | ~$1,214,450 | ~$1,214,450 | ~1.8837% | ~$22,877 | -3.5% |
| 2026 | ~$1,224,614 | ~$1,224,614 | ~2.0465% | ~$25,062 | -2.7% |
| 2027 | ~$1,191,371 | ~$1,191,371 | ~2.0465% | ~$24,381 | -5.4% |
| 2028 | ~$1,159,031 | ~$1,159,031 | ~2.0465% | ~$23,719 | -7.9% |
| 2029 | ~$1,127,569 | ~$1,127,569 | ~2.0465% | ~$23,076 | -10.4% |
| 2030 | ~$1,096,960 | ~$1,096,960 | ~2.0465% | ~$22,449 | -12.9% |
| 2026 | ~$1,274,965 | ~$1,274,965 | ~1.9977% | ~$25,469 | +1.3% |
| 2027 | ~$1,291,354 | ~$1,291,354 | ~1.9488% | ~$25,166 | +2.6% |
| 2028 | ~$1,307,954 | ~$1,307,954 | ~1.9000% | ~$24,851 | +3.9% |
| 2029 | ~$1,324,767 | ~$1,324,767 | ~1.8512% | ~$24,524 | +5.2% |
| 2030 | ~$1,341,797 | ~$1,341,797 | ~1.8024% | ~$24,184 | +6.6% |
In 2025, this property's market value of $1,258,784 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -11% 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 | $1,258,784 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,240,724 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,187,357 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,149,103 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $1,295,414 | $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.