1632 S 1 ST TX 78704
| Owner | WELLS MANAGEMENT TRUST |
|---|---|
| Parcel ID | 0401021306 |
| Short ID | 302977 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 3,679 SF |
| Land SF | 7,492 SF |
| Acres | 0.172 |
| Year Built | 2017 |
| Legal | .172 AC OF BLK C BOULDIN JAMES E ADDN |
| Neighborhood | 53SCN |
| Land | $1,198,771 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,198,771 |
| Improvement | $1,137,233 |
|---|---|
| Total Improvement | $1,137,233 |
| Market | $2,336,004 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,336,004 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,336,004 |
| Taxable Value | $2,336,004 |
|---|
Appreciation: Market value has risen +21.0% from $1,930,633 (2021) to $2,336,004 (2025), a CAGR of 4.9% over 4 years. This represents moderate, steady growth. 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 lagged 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 $47,806. 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 51% of market value ($1,198,771 land vs $1,137,233 improvements), about $160/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $2,336,004, 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 +4.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,964,428 by 2030, with an estimated annual tax burden around $55,842. 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 |
|---|---|---|---|
| 2ND | 2nd Floor | 2,430 SF | ✓ |
| 1ST | 1st Floor | 1,249 SF | ✓ |
| 611 | TERRACE | 1,044 SF | ✗ |
| 063 | CARPORT ATT BASE | 964 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $21,612.71 | $21,612.71 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $12,241.06 | $12,241.06 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $8,779.75 | $8,779.75 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,757.02 | $2,757.02 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,415.43 | $2,415.43 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $47,805.97 | $47,805.97 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,706,258 | $2,336,004 | +15.8% |
| Assessed Value | $2,706,258 | $2,336,004 | +15.8% |
| Land Value | $1,198,771 | $1,198,771 | +0.0% |
| Improvement Value | $1,507,487 | $1,137,233 | +32.6% |
| Taxable Value | $2,706,258 | $2,336,004 | +15.8% |
| Total Tax 2026 = estimate |
~$55,383
Estimated
|
~$47,806
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,706,258 | $2,706,258 | +0 (+0.0%) |
| Taxable Value | $2,706,258 | $2,706,258 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,706,258 | $1,198,771 | $1,507,487 | — | $2,706,258 | $2,706,258 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,336,004 | $1,198,771 | $1,137,233 | — | $2,336,004 | $2,336,004 | ~$47,806 | Partial |
| 2024 | $2,400,000 | — | — | −$1,201,229 | $1,198,771 | $— | $54,500 | Verified |
| 2023 | $2,006,081 | — | — | −$807,310 | $1,198,771 | $— | $43,768 | Verified |
| 2022 | $1,968,380 | — | — | −$1,219,148 | $749,232 | $— | $39,619 | Verified |
| 2021 | $1,930,633 | — | — | −$1,181,401 | $749,232 | $— | $42,845 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +15.8% | +15.8% | ~100% | Not available | Partial |
| 2025 | -15.1% | -15.1% | ~100% | Not available | Partial |
| 2024 | -0.1% | -0.1% | ~100% | 1.9800% | Verified |
| 2023 | +37.2% | +37.2% | ~100% | 1.5900% | Verified |
| 2022 | +1.9% | +1.9% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +18.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +15.8% | +7.3% | +2.0% | +19.6% | 2024 | -2.7% | 2025 |
| Assessment Ratio | 100.0% | 64.4% | — | 100.0% | 2025 | 38.1% | 2022 |
| 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 |
$47,806 | $45,708 | ~$52,556 | $54,500 | 2024 | $39,619 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,450,005 | ~$2,450,005 | ~2.0139% | ~$49,342 | +4.9% |
| 2027 | ~$2,569,570 | ~$2,569,570 | ~1.9814% | ~$50,913 | +10.0% |
| 2028 | ~$2,694,970 | ~$2,694,970 | ~1.9488% | ~$52,521 | +15.4% |
| 2029 | ~$2,826,490 | ~$2,826,490 | ~1.9163% | ~$54,164 | +21.0% |
| 2030 | ~$2,964,428 | ~$2,964,428 | ~1.8837% | ~$55,842 | +26.9% |
| 2026 | ~$2,403,285 | ~$2,403,285 | ~2.0465% | ~$49,183 | +2.9% |
| 2027 | ~$2,472,505 | ~$2,472,505 | ~2.0465% | ~$50,599 | +5.8% |
| 2028 | ~$2,543,717 | ~$2,543,717 | ~2.0465% | ~$52,057 | +8.9% |
| 2029 | ~$2,616,981 | ~$2,616,981 | ~2.0465% | ~$53,556 | +12.0% |
| 2030 | ~$2,692,355 | ~$2,692,355 | ~2.0465% | ~$55,099 | +15.3% |
| 2026 | ~$2,496,726 | ~$2,496,726 | ~1.9977% | ~$49,876 | +6.9% |
| 2027 | ~$2,668,505 | ~$2,668,505 | ~1.9488% | ~$52,005 | +14.2% |
| 2028 | ~$2,852,103 | ~$2,852,103 | ~1.9000% | ~$54,190 | +22.1% |
| 2029 | ~$3,048,333 | ~$3,048,333 | ~1.8512% | ~$56,431 | +30.5% |
| 2030 | ~$3,258,064 | ~$3,258,064 | ~1.8024% | ~$58,722 | +39.5% |
In 2025, this property's market value of $2,336,004 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +65% 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 | $2,336,004 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,400,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,006,081 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,968,380 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,930,633 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above 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.