2300 SPIRIT OF TEXAS DR TX 78719
| Owner | AIRPORT FAST PARK-AUSTIN LP |
|---|---|
| Parcel ID | 0315210304 |
| Short ID | 508003 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 3,502 SF |
| Land SF | 1,075,584 SF |
| Acres | 24.692 |
| Year Built | 2001 |
| Legal | LOT 1 BLK A AIRPORT FAST PARK SUBD |
| Neighborhood | 96APARK |
| Land | $2,151,168 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,151,168 |
| Improvement | $6,148,832 |
|---|---|
| Total Improvement | $6,148,832 |
| Market | $8,300,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $8,300,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $8,300,000 |
| Taxable Value | $8,300,000 |
|---|
Appreciation: Market value has risen +21.0% from $6,861,000 (2021) to $8,300,000 (2025), a CAGR of 4.9% over 4 years. This represents moderate, steady growth. 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 2.0702% in 2025 (+0.0420% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $171,825. 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 26% of market value ($2,151,168 land vs $6,148,832 improvements), about $2/SF of land. Most value sits in the improvements, so building condition, age (~25 yrs), and rent roll drive the underwriting.
Submarket Position: At $8,300,000, 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 +4.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $10,530,317 by 2030, with an estimated annual tax burden around $185,512. 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 | 735,000 SF | ✗ |
| 501 | CANOPY | 432,533 SF | ✗ |
| 541 | FENCE COMM LF | 4,040 SF | ✗ |
| 1ST | 1st Floor | 3,502 SF | ✓ |
| 482 | LIGHT POLES | 30 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% | $78,758.70 | $78,758.70 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $43,493.41 | $43,493.41 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $31,195.14 | $31,195.14 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $9,795.91 | $9,795.91 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $8,582.20 | $8,582.20 | Paid |
| Combined Rate | 2.3170% | 2.1629% | 1.9525% | 2.0282% | 2.0702% | +0.0420% | $171,825.36 | $171,825.36 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $8,304,215 | $8,300,000 | +0.1% |
| Assessed Value | $8,304,215 | $8,300,000 | +0.1% |
| Land Value | $2,151,168 | $2,151,168 | +0.0% |
| Improvement Value | $6,153,047 | $6,148,832 | +0.1% |
| Taxable Value | $8,304,215 | $8,300,000 | +0.1% |
| Total Tax 2026 = estimate |
~$171,913
Estimated
|
~$171,825
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $10,197,839 | $8,304,215 | -1,893,624 (-18.6%) |
| Taxable Value | $10,197,839 | $8,304,215 | -1,893,624 (-18.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $8,304,215 | $2,151,168 | $6,153,047 | — | $8,304,215 | $8,304,215 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $8,300,000 | $2,151,168 | $6,148,832 | — | $8,300,000 | $8,300,000 | ~$171,825 | Partial |
| 2024 | $8,300,000 | — | — | −$6,148,832 | $2,151,168 | $— | $168,342 | Verified |
| 2023 | $8,300,000 | — | — | −$6,148,832 | $2,151,168 | $— | $162,061 | Verified |
| 2022 | $9,000,000 | — | — | −$6,848,832 | $2,151,168 | $— | $179,523 | Verified |
| 2021 | $6,861,000 | — | — | −$4,709,832 | $2,151,168 | $— | $190,819 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +22.9% | +22.9% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -18.5% | -18.5% | ~100% | 2.0300% | Verified |
| 2023 | +22.7% | +22.7% | ~100% | 1.5900% | Verified |
| 2022 | -7.8% | -7.8% | ~100% | 2.1600% | Verified |
| 2021 | base year | — | ~100% | 2.7800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -7.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.1% | +4.7% | +4.9% | +31.2% | 2022 | -7.8% | 2023 |
| Assessment Ratio | 100.0% | 51.2% | — | 100.0% | 2025 | 23.9% | 2022 |
| 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 |
$171,825 | $174,514 | ~$180,326 | $190,819 | 2021 | $162,061 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$8,704,639 | ~$8,704,639 | ~2.0085% | ~$174,831 | +4.9% |
| 2027 | ~$9,129,005 | ~$9,129,005 | ~1.9468% | ~$177,722 | +10.0% |
| 2028 | ~$9,574,059 | ~$9,574,059 | ~1.8851% | ~$180,480 | +15.4% |
| 2029 | ~$10,040,810 | ~$10,040,810 | ~1.8234% | ~$183,083 | +21.0% |
| 2030 | ~$10,530,317 | ~$10,530,317 | ~1.7617% | ~$185,512 | +26.9% |
| 2026 | ~$8,538,639 | ~$8,538,639 | ~2.0702% | ~$176,766 | +2.9% |
| 2027 | ~$8,784,139 | ~$8,784,139 | ~2.0702% | ~$181,848 | +5.8% |
| 2028 | ~$9,036,698 | ~$9,036,698 | ~2.0702% | ~$187,076 | +8.9% |
| 2029 | ~$9,296,518 | ~$9,296,518 | ~2.0702% | ~$192,455 | +12.0% |
| 2030 | ~$9,563,809 | ~$9,563,809 | ~2.0702% | ~$197,989 | +15.2% |
| 2026 | ~$8,870,639 | ~$8,870,639 | ~1.9776% | ~$175,429 | +6.9% |
| 2027 | ~$9,480,510 | ~$9,480,510 | ~1.8851% | ~$178,716 | +14.2% |
| 2028 | ~$10,132,311 | ~$10,132,311 | ~1.7925% | ~$181,626 | +22.1% |
| 2029 | ~$10,828,925 | ~$10,828,925 | ~1.7000% | ~$184,091 | +30.5% |
| 2030 | ~$11,573,431 | ~$11,573,431 | ~1.6074% | ~$186,037 | +39.4% |
In 2025, this property's market value of $8,300,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 6× 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 | $8,300,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $8,300,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $8,300,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $9,000,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $6,861,000 | $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.