2607 S INTERSTATE HY 35 TX 78741
| Owner | PARK WEST PROPERTIES INC |
|---|---|
| Parcel ID | 0307020313 |
| Short ID | 287463 |
| Type | Real |
| Use Code | 37 Motel — Extended Stay |
| Valuation | Income |
| Improvement SF | 11,923 SF |
| Land SF | 43,604 SF |
| Acres | 1.001 |
| Year Built | 1980 |
| Legal | LOT 2 EXXON SUBD (COMMERCIAL PERSONAL PROPERTY) |
| Neighborhood | 37SE1 |
| Land | $2,180,200 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,180,200 |
| Improvement | $1,121,644 |
|---|---|
| Total Improvement | $1,121,644 |
| Market | $3,301,844 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,301,844 |
| Value Limitation Adjustment (−) (homestead cap) | −$724,610 |
| Net Appraised (assessed) | $2,577,234 |
| Taxable Value | $2,577,234 |
|---|
Appreciation: Market value has risen +234.0% from $988,526 (2021) to $3,301,844 (2025), a CAGR of 35.2% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $52,743. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($2,577,234) is $724,610 below market value, suggesting potential for an upward assessment in future years.
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 66% of market value ($2,180,200 land vs $1,121,644 improvements), about $50/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $3,301,844, this parcel sits in the upper-middle (50th–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 +35.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $14,909,639 by 2030, with an estimated annual tax burden around $78,188. 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 | 23,600 SF | ✗ |
| 2ND | 2nd Floor | 6,376 SF | ✓ |
| 1ST | 1st Floor | 5,547 SF | ✓ |
| SO | Sketch Only | 2,951 SF | ✗ |
| 501 | CANOPY | 2,480 SF | ✗ |
| 581C | STORAGE ATT COMM | 707 SF | ✓ |
| 601 | POOL COMM'L | 350 SF | ✗ |
| 611 | TERRACE | 350 SF | ✗ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +1,196 |
| Travis County | 0.3444% | 0.3758% | +809 |
| Austin ISD | 0.9505% | 0.9252% | -652 |
| Travis Central Health | 0.1080% | 0.1180% | +259 |
| Austin Community College | 0.1013% | 0.1034% | +54 |
Market value changed by 75% 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% | $23,844.57 | $6,018.95 | $17,825.62 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $13,505.14 | $3,409.02 | $10,096.12 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,686.41 | $2,445.08 | $7,241.33 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,041.73 | $767.80 | $2,273.93 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,664.86 | $672.67 | $1,992.19 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $52,742.71 | $13,313.52 | $39,429.19 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,369,422 | $3,301,844 | +2.0% |
| Assessed Value | $3,092,681 | $2,577,234 | +20.0% |
| Land Value | $2,180,200 | $2,180,200 | +0.0% |
| Improvement Value | $1,189,222 | $1,121,644 | +6.0% |
| Taxable Value | $3,092,681 | $2,577,234 | +20.0% |
| HS Cap Loss | -$276,741 | — | |
| Total Tax 2026 = estimate |
~$63,291
Estimated
|
$52,743 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,369,422 | $3,369,422 | +0 (+0.0%) |
| Taxable Value | $3,092,681 | $3,092,681 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,369,422 | $2,180,200 | $1,189,222 | −$276,741 | $3,092,681 | $3,092,681 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,301,844 | $2,180,200 | $1,121,644 | −$724,610 | $2,577,234 | $2,577,234 | $52,743 | Verified |
| 2024 | $1,789,746 | — | — | — | $2,180,200 ! | $— | $42,563 | Verified |
| 2023 | $1,020,000 | — | — | −$147,920 | $872,080 | $— | $32,381 | Verified |
| 2022 | $988,526 | — | — | −$116,446 | $872,080 | $— | $20,144 | Verified |
| 2021 | $988,526 | — | — | −$116,446 | $872,080 | $— | $21,517 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.0% | +20.0% | 91.8% | Not available | Partial |
| 2025 | +19.6% | +20.0% | 78.0% | 1.6000% | Verified |
| 2024 | +54.2% | +20.0% | 77.8% | 1.5400% | Verified |
| 2023 | +75.5% ! | +75.5% | ~100% | 1.8100% | Verified |
| 2022 | +3.2% | +3.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +234.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.0% | +33.0% | +34.6% | +84.5% | 2025 | +0.0% | 2022 |
| Assessment Ratio | 91.8% | 92.3% | — | 121.8% | 2024 | 78.1% | 2025 |
| Effective Tax Rate (2025) | 1.6000% | 1.6000% | — | 1.6000% | 2025 | 1.6000% | 2025 |
| Tax Amount | $52,743 | $33,870 | ~$67,246 | $52,743 | 2025 | $20,144 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,463,738 | ~$2,834,957 | ~2.0139% | ~$57,094 | +35.2% |
| 2027 | ~$6,034,493 | ~$3,118,453 | ~1.9814% | ~$61,789 | +82.8% |
| 2028 | ~$8,157,985 | ~$3,430,298 | ~1.9488% | ~$66,851 | +147.1% |
| 2029 | ~$11,028,717 | ~$3,773,328 | ~1.9163% | ~$72,308 | +234.0% |
| 2030 | ~$14,909,639 | ~$4,150,661 | ~1.8837% | ~$78,188 | +351.6% |
| 2026 | ~$4,397,701 | ~$2,834,957 | ~2.0465% | ~$58,017 | +33.2% |
| 2027 | ~$5,857,264 | ~$3,118,453 | ~2.0465% | ~$63,819 | +77.4% |
| 2028 | ~$7,801,245 | ~$3,430,298 | ~2.0465% | ~$70,201 | +136.3% |
| 2029 | ~$10,390,419 | ~$3,773,328 | ~2.0465% | ~$77,221 | +214.7% |
| 2030 | ~$13,838,920 | ~$4,150,661 | ~2.0465% | ~$84,943 | +319.1% |
| 2026 | ~$4,529,775 | ~$2,834,957 | ~1.9977% | ~$56,633 | +37.2% |
| 2027 | ~$6,214,363 | ~$3,118,453 | ~1.9488% | ~$60,774 | +88.2% |
| 2028 | ~$8,525,437 | ~$3,430,298 | ~1.9000% | ~$65,176 | +158.2% |
| 2029 | ~$11,695,982 | ~$3,773,328 | ~1.8512% | ~$69,852 | +254.2% |
| 2030 | ~$16,045,629 | ~$4,150,661 | ~1.8024% | ~$74,810 | +386.0% |
In 2025, this property's market value of $3,301,844 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +133% above 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 | $3,301,844 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,789,746 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,020,000 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $988,526 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $988,526 | $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.