1901 AIRPORT COMMERCE DR TX 78741
| Owner | HKV HOSPITALITY LLC |
|---|---|
| Parcel ID | 0312180504 |
| Short ID | 483329 |
| Type | Real |
| Use Code | 37 Motel — Extended Stay |
| Valuation | Income |
| Improvement SF | 31,320 SF |
| Land SF | 79,150 SF |
| Acres | 1.817 |
| Year Built | 2019 |
| Legal | LOT 12 BLK B AIRPORT COMMERCE PARK SEC 1 |
| Neighborhood | 37SE1 |
| Land | $1,583,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,583,000 |
| Improvement | $3,417,000 |
|---|---|
| Total Improvement | $3,417,000 |
| Market | $5,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $5,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $5,000,000 |
| Taxable Value | $5,000,000 |
|---|
Appreciation: Market value has risen +27.1% from $3,935,439 (2021) to $5,000,000 (2025), a CAGR of 6.2% over 4 years. This represents moderate, steady growth. 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 2.0702% in 2025 (+0.0420% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $103,509. Del Valle ISD is the largest single contributor, at 45.8% 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 32% of market value ($1,583,000 land vs $3,417,000 improvements), about $20/SF of land. Most value sits in the improvements, so building condition, age (~7 yrs), and rent roll drive the underwriting.
Submarket Position: At $5,000,000, this parcel sits in the top quartile (≥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 +6.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,744,364 by 2030, with an estimated annual tax burden around $118,815. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 10,440 SF | ✓ |
| 2ND | 2nd Floor | 10,440 SF | ✓ |
| 3RD | 3rd Floor | 10,440 SF | ✓ |
| 4TH | 4th Floor | 10,440 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 |
|---|---|---|---|---|---|---|---|---|---|
| IDV Del Valle ISD | 1.2020% | 1.1846% | 1.0028% | 0.9969% | 0.9489% | -0.0480% | $47,445.00 | $47,445.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $26,200.85 | $26,200.85 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $18,792.25 | $18,792.25 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $5,901.15 | $5,901.15 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $5,170.00 | $5,170.00 | Paid |
| Combined Rate | 2.3170% | 2.1629% | 1.9525% | 2.0282% | 2.0702% | +0.0420% | $103,509.25 | $103,509.25 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $5,209,062 | $5,000,000 | +4.2% |
| Assessed Value | $5,209,062 | $5,000,000 | +4.2% |
| Land Value | $1,583,000 | $1,583,000 | +0.0% |
| Improvement Value | $3,626,062 | $3,417,000 | +6.1% |
| Taxable Value | $5,209,062 | $5,000,000 | +4.2% |
| Total Tax 2026 = estimate |
~$107,837
Estimated
|
~$103,509
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $5,209,066 | $5,209,062 | -4 (-0.0%) |
| Taxable Value | $5,209,066 | $5,209,062 | -4 (-0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $5,209,062 | $1,583,000 | $3,626,062 | — | $5,209,062 | $5,209,062 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $5,000,000 | $1,583,000 | $3,417,000 | — | $5,000,000 | $5,000,000 | ~$103,509 | Partial |
| 2024 | $9,486,180 | — | — | −$7,903,180 | $1,583,000 | $— | $155,157 | Verified |
| 2023 | $6,330,000 | — | — | −$5,142,750 | $1,187,250 | $— | $176,023 | Verified |
| 2022 | $4,500,000 | — | — | −$3,312,750 | $1,187,250 | $— | $136,913 | Verified |
| 2021 | $3,935,439 | — | — | −$2,748,189 | $1,187,250 | $— | $104,264 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.2% | +4.2% | ~100% | Not available | Partial |
| 2025 | -41.9% | -41.9% | ~100% | Not available | Partial |
| 2024 | -9.3% | -9.3% | ~100% | 1.8000% | Verified |
| 2023 | +49.9% | +49.9% | ~100% | 1.8600% | Verified |
| 2022 | +12.9% | +12.9% | ~100% | 2.1600% | Verified |
| 2021 | base year | — | ~100% | 2.6500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -10.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +4.2% | +12.4% | +5.3% | +49.9% | 2024 | -47.3% | 2025 |
| Assessment Ratio | 100.0% | 48.7% | — | 100.0% | 2025 | 16.7% | 2024 |
| Effective Tax Rate (2025) | 2.0700% | 2.0700% | — | 2.0700% | 2025 | 2.0700% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$103,509 | $135,173 | ~$112,755 | $176,023 | 2023 | $103,509 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$5,308,407 | ~$5,308,407 | ~2.0085% | ~$106,619 | +6.2% |
| 2027 | ~$5,635,837 | ~$5,635,837 | ~1.9468% | ~$109,718 | +12.7% |
| 2028 | ~$5,983,463 | ~$5,983,463 | ~1.8851% | ~$112,794 | +19.7% |
| 2029 | ~$6,352,531 | ~$6,352,531 | ~1.8234% | ~$115,831 | +27.1% |
| 2030 | ~$6,744,364 | ~$6,744,364 | ~1.7617% | ~$118,815 | +34.9% |
| 2026 | ~$5,208,407 | ~$5,208,407 | ~2.0702% | ~$107,824 | +4.2% |
| 2027 | ~$5,425,501 | ~$5,425,501 | ~2.0702% | ~$112,318 | +8.5% |
| 2028 | ~$5,651,643 | ~$5,651,643 | ~2.0702% | ~$116,999 | +13.0% |
| 2029 | ~$5,887,211 | ~$5,887,211 | ~2.0702% | ~$121,876 | +17.7% |
| 2030 | ~$6,132,598 | ~$6,132,598 | ~2.0702% | ~$126,956 | +22.7% |
| 2026 | ~$5,408,407 | ~$5,408,407 | ~1.9776% | ~$106,959 | +8.2% |
| 2027 | ~$5,850,173 | ~$5,850,173 | ~1.8851% | ~$110,281 | +17.0% |
| 2028 | ~$6,328,023 | ~$6,328,023 | ~1.7925% | ~$113,432 | +26.6% |
| 2029 | ~$6,844,905 | ~$6,844,905 | ~1.7000% | ~$116,363 | +36.9% |
| 2030 | ~$7,404,007 | ~$7,404,007 | ~1.6074% | ~$119,015 | +48.1% |
In 2025, this property's market value of $5,000,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 4× 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 | $5,000,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $9,486,180 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $6,330,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $4,500,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $3,935,439 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 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.