1900 AIRPORT COMMERCE DR TX 78741
| Owner | AUSTIN-RIVERSIDE OZ SPE LLC ETAL |
|---|---|
| Parcel ID | 0312180606 |
| Short ID | 806072 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 221,646 SF |
| Land SF | 292,200 SF |
| Acres | 6.708 |
| Year Built | 2020 |
| Legal | LOT 1 BLK A 7400 RIVERSIDE |
| Neighborhood | 08SE1 |
| Land | $2,922,005 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,922,005 |
| Improvement | $49,967,995 |
|---|---|
| Total Improvement | $49,967,995 |
| Market | $52,890,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $52,890,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $52,890,000 |
| Taxable Value | $52,890,000 |
|---|
Appreciation: Market value has risen +579.4% from $7,785,140 (2021) to $52,890,000 (2025), a CAGR of 61.4% over 4 years. This is strong appreciation — well above typical inflation. 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 Multi-Family parcel countywide rose +37.9%, so this parcel has outpaced the broader multi-family 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 $1,094,921. Del Valle ISD is the largest single contributor, at 45.8% of the total 2025 levy.
Asset Class: Multi-family residential. 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 6% of market value ($2,922,005 land vs $49,967,995 improvements), about $10/SF of land. Most value sits in the improvements, so building condition, age (~6 yrs), and rent roll drive the underwriting.
Submarket Position: At $52,890,000, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,778 (P25 $438,669 / P75 $749,859, n=12,584). Multi-Family here is the broad TCAD category — every multi-family 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 +61.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $580,106,180 by 2030, with an estimated annual tax burden around $1,500,607. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 221,646 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| Del Valle ISD | 0.9969% | 0.9489% | -25,387 |
| City of Austin | 0.4776% | 0.5240% | +24,550 |
| Travis County | 0.3444% | 0.3758% | +16,607 |
| Travis Central Health | 0.1080% | 0.1180% | +5,318 |
| Austin Community College | 0.1013% | 0.1034% | +1,111 |
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% | $501,873.21 | $474,450.23 | $27,422.98 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $277,152.59 | $262,008.63 | $15,143.96 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $198,784.42 | $187,922.59 | $10,861.83 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $62,422.36 | $59,011.52 | $3,410.84 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $54,688.26 | $51,700.03 | $2,988.23 |
| Combined Rate | 2.3170% | 2.1629% | 1.9525% | 2.0282% | 2.0702% | +0.0420% | $1,094,920.84 | $1,035,093.00 | $59,827.84 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $48,630,000 | $52,890,000 | -8.1% |
| Assessed Value | $48,630,000 | $52,890,000 | -8.1% |
| Land Value | $2,922,005 | $2,922,005 | +0.0% |
| Improvement Value | $45,707,995 | $49,967,995 | -8.5% |
| Taxable Value | $48,630,000 | $52,890,000 | -8.1% |
| Total Tax 2026 = estimate |
~$1,006,731
Estimated
|
$1,094,921 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $49,777,175 | $48,630,000 | -1,147,175 (-2.3%) |
| Taxable Value | $49,777,175 | $48,630,000 | -1,147,175 (-2.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $48,630,000 | $2,922,005 | $45,707,995 | — | $48,630,000 | $48,630,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $52,890,000 | $2,922,005 | $49,967,995 | — | $52,890,000 | $52,890,000 | $1,094,921 | Verified |
| 2024 | $68,000,000 | — | — | −$65,077,995 | $2,922,005 | $— | $1,222,854 | Verified |
| 2023 | $61,915,000 | — | — | −$58,992,995 | $2,922,005 | $— | $1,327,732 | Verified |
| 2022 | $57,000,000 | — | — | −$53,894,608 | $3,105,392 | $— | $1,341,960 | Verified |
| 2021 | $7,785,140 | — | — | −$4,679,748 | $3,105,392 | $— | $1,022,034 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -5.9% | -5.9% | ~100% | Not available | Partial |
| 2025 | -19.7% | -19.7% | ~100% | 2.0700% | Verified |
| 2024 | -13.4% | -13.4% | ~100% | 1.8600% | Verified |
| 2023 | +17.5% | +17.5% | ~100% | 1.7500% | Verified |
| 2022 | +13.6% | +13.6% | ~100% | 2.0700% | Verified |
| 2021 | base year | — | ~100% | 13.1300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -7.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -8.1% | +124.1% | +64.3% | +632.2% | 2022 | -22.2% | 2025 |
| Assessment Ratio | 100.0% | 42.4% | — | 100.0% | 2025 | 4.3% | 2024 |
| Effective Tax Rate (2025) | 2.0700% | 2.0700% | — | 2.0700% | 2025 | 2.0700% | 2025 |
| Tax Amount | $1,094,921 | $1,201,900 | ~$1,330,803 | $1,341,960 | 2022 | $1,022,034 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$85,388,690 | ~$58,179,000 | ~2.0085% | ~$1,168,517 | +61.4% |
| 2027 | ~$137,856,465 | ~$63,996,900 | ~1.9468% | ~$1,245,884 | +160.6% |
| 2028 | ~$222,563,490 | ~$70,396,590 | ~1.8851% | ~$1,327,039 | +320.8% |
| 2029 | ~$359,319,434 | ~$77,436,249 | ~1.8234% | ~$1,411,966 | +579.4% |
| 2030 | ~$580,106,180 | ~$85,179,874 | ~1.7617% | ~$1,500,607 | +996.8% |
| 2026 | ~$84,330,890 | ~$58,179,000 | ~2.0702% | ~$1,204,413 | +59.4% |
| 2027 | ~$134,462,073 | ~$63,996,900 | ~2.0702% | ~$1,324,854 | +154.2% |
| 2028 | ~$214,394,145 | ~$70,396,590 | ~2.0702% | ~$1,457,340 | +305.4% |
| 2029 | ~$341,842,487 | ~$77,436,249 | ~2.0702% | ~$1,603,074 | +546.3% |
| 2030 | ~$545,053,530 | ~$85,179,874 | ~2.0702% | ~$1,763,381 | +930.5% |
| 2026 | ~$86,446,490 | ~$58,179,000 | ~1.9776% | ~$1,150,570 | +63.4% |
| 2027 | ~$141,293,168 | ~$63,996,900 | ~1.8851% | ~$1,206,399 | +167.1% |
| 2028 | ~$230,937,767 | ~$70,396,590 | ~1.7925% | ~$1,261,888 | +336.6% |
| 2029 | ~$377,458,110 | ~$77,436,249 | ~1.7000% | ~$1,316,412 | +613.7% |
| 2030 | ~$616,939,474 | ~$85,179,874 | ~1.6074% | ~$1,369,221 | +1066.5% |
In 2025, this property's market value of $52,890,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 102× the county median of $519,778. Multi-Family here is the broad TCAD category — every multi-family 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 | $52,890,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $68,000,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $61,915,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $57,000,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $7,785,140 | $300,453 | $376,850 | $539,896 | ↑ 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.