2620 S INTERSTATE HY 35 TX 78704
| Owner | PEERS HOLDINGS LLC RS 2620 S IH |
|---|---|
| Parcel ID | 0307020112 |
| Short ID | 287451 |
| Type | Real |
| Use Code | 20 Small Store (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 2,555 SF |
| Land SF | 15,363 SF |
| Acres | 0.353 |
| Year Built | 1970 |
| Legal | LOT 3C *RESUB OF LTS A&B OLTORF VILLAGE SEC 2 & LT 1 OLTORF VILLAGE SEC 1 |
| Neighborhood | 20CEN |
| Land | $1,536,300 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,536,300 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,055,152 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,055,152 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,055,152 |
| Taxable Value | $1,055,152 |
|---|
Appreciation: Market value has risen +163.8% from $400,000 (2021) to $1,055,152 (2025), a CAGR of 27.4% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $21,594. 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 146% of market value ($1,536,300 land vs $0 improvements), about $100/SF of land. With value concentrated in the land under a ~56-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 $1,055,152, 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 +27.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,547,185 by 2030, with an estimated annual tax burden around $32,011. 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 | 9,500 SF | ✗ |
| 1ST | 1st Floor | 2,555 SF | ✓ |
| 511 | DECK | 162 SF | ✗ |
| 611 | TERRACE | 56 SF | ✗ |
| 501 | CANOPY | 21 SF | ✗ |
Market value changed by 162% in 2023, 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% | $9,762.27 | $9,762.27 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,529.18 | $5,529.18 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,965.74 | $3,965.74 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,245.32 | $1,245.32 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,091.03 | $1,091.03 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $21,593.54 | $21,593.54 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,536,301 | $1,055,152 | +45.6% |
| Assessed Value | $1,536,301 | $1,055,152 | +45.6% |
| Land Value | $1,536,300 | $1,536,300 | +0.0% |
| Improvement Value | $1 | — | — |
| Taxable Value | $1,536,301 | $1,055,152 | +45.6% |
| Total Tax 2026 = estimate |
~$31,440
Estimated
|
~$21,594
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,610,214 | $1,536,301 | -73,913 (-4.6%) |
| Taxable Value | $1,610,214 | $1,536,301 | -73,913 (-4.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,536,301 | $1,536,300 | $1 | — | $1,536,301 | $1,536,301 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,055,152 | $1,536,300 | — | — | $1,055,152 | $1,055,152 | ~$21,594 | Partial |
| 2024 | $1,100,000 | — | — | — | $1,100,000 | $— | $21,284 | Verified |
| 2023 | $383,224 | — | — | — | $1,100,000 ! | $— | $19,902 | Verified |
| 2022 | $383,224 | — | — | −$14,856 | $368,368 | $— | $7,568 | Verified |
| 2021 | $400,000 | — | — | −$31,632 | $368,368 | $— | $8,342 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +52.6% | +52.6% | ~100% | Not available | Partial |
| 2025 | -4.1% | -4.1% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9300% | Verified |
| 2023 | +161.7% ! | +161.7% | ~100% | 1.8100% | Verified |
| 2022 | +9.7% | +9.7% | ~100% | 1.8000% | Verified |
| 2021 | base year | — | ~100% | 2.0900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +175.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +45.6% | +44.9% | +19.5% | +187.0% | 2024 | -4.2% | 2022 |
| Assessment Ratio | 100.0% | 129.2% | — | 287.0% | 2023 | 92.1% | 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 |
$21,594 | $15,738 | ~$27,531 | $21,594 | 2025 | $7,568 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,344,710 | ~$1,160,667 | ~2.0139% | ~$23,375 | +27.4% |
| 2027 | ~$1,713,731 | ~$1,276,734 | ~1.9814% | ~$25,297 | +62.4% |
| 2028 | ~$2,184,018 | ~$1,404,407 | ~1.9488% | ~$27,370 | +107.0% |
| 2029 | ~$2,783,364 | ~$1,544,848 | ~1.9163% | ~$29,604 | +163.8% |
| 2030 | ~$3,547,185 | ~$1,699,333 | ~1.8837% | ~$32,011 | +236.2% |
| 2026 | ~$1,323,607 | ~$1,160,667 | ~2.0465% | ~$23,753 | +25.4% |
| 2027 | ~$1,660,364 | ~$1,276,734 | ~2.0465% | ~$26,128 | +57.4% |
| 2028 | ~$2,082,800 | ~$1,404,407 | ~2.0465% | ~$28,741 | +97.4% |
| 2029 | ~$2,612,713 | ~$1,544,848 | ~2.0465% | ~$31,615 | +147.6% |
| 2030 | ~$3,277,448 | ~$1,699,333 | ~2.0465% | ~$34,777 | +210.6% |
| 2026 | ~$1,365,814 | ~$1,160,667 | ~1.9977% | ~$23,186 | +29.4% |
| 2027 | ~$1,767,941 | ~$1,276,734 | ~1.9488% | ~$24,881 | +67.6% |
| 2028 | ~$2,288,464 | ~$1,404,407 | ~1.9000% | ~$26,684 | +116.9% |
| 2029 | ~$2,962,242 | ~$1,544,848 | ~1.8512% | ~$28,598 | +180.7% |
| 2030 | ~$3,834,396 | ~$1,699,333 | ~1.8024% | ~$30,628 | +263.4% |
In 2025, this property's market value of $1,055,152 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -26% 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 | $1,055,152 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,100,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $383,224 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $383,224 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $400,000 | $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.