2007 S 1 ST TX 78704
| Owner | 2007 S 1ST PARTNERS LTD |
|---|---|
| Parcel ID | 0402010906 |
| Short ID | 303571 |
| Type | Real |
| Use Code | 30 Strip Center (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 5,640 SF |
| Land SF | 16,800 SF |
| Acres | 0.386 |
| Year Built | 1976 |
| Legal | LOT 4-5 BLK C BOULDIN JAMES E ADDN |
| Neighborhood | 30CEN |
| Land | $2,142,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,142,000 |
| Improvement | $130,404 |
|---|---|
| Total Improvement | $130,404 |
| Market | $2,272,404 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,272,404 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,272,404 |
| Taxable Value | $2,272,404 |
|---|
Appreciation: Market value has fallen -3.1% from $2,345,856 (2021) to $2,272,404 (2025), a CAGR of -0.8% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2025→2026), 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 $46,504. 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 94% of market value ($2,142,000 land vs $130,404 improvements), about $128/SF of land. With value concentrated in the land under a ~50-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $2,272,404, 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 -0.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,183,815 by 2030, with an estimated annual tax burden around $41,137. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 5,640 SF | ✓ |
| 551 | PAVED AREA | 5,452 SF | ✗ |
| 501 | CANOPY | 376 SF | ✗ |
| 611 | TERRACE | 376 SF | ✗ |
| 511 | DECK | 80 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% | $21,024.28 | $21,024.28 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $11,907.78 | $11,907.78 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $8,540.72 | $8,540.72 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,681.96 | $2,681.96 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,349.67 | $2,349.67 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $46,504.41 | $46,504.41 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,872,763 | $2,272,404 | -17.6% |
| Assessed Value | $1,872,763 | $2,272,404 | -17.6% |
| Land Value | $2,142,000 | $2,142,000 | +0.0% |
| Improvement Value | — | $130,404 | — |
| Taxable Value | $1,872,763 | $2,272,404 | -17.6% |
| Total Tax 2026 = estimate |
~$38,326
Estimated
|
~$46,504
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,299,795 | $1,872,763 | -427,032 (-18.6%) |
| Taxable Value | $2,299,795 | $1,872,763 | -427,032 (-18.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,872,763 | $2,142,000 | — | — | $1,872,763 | $1,872,763 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,272,404 | $2,142,000 | $130,404 | — | $2,272,404 | $2,272,404 | ~$46,504 | Partial |
| 2024 | $2,291,000 | — | — | −$149,000 | $2,142,000 | $— | $45,403 | Verified |
| 2023 | $2,074,000 | — | — | — | $2,142,000 ! | $— | $41,450 | Verified |
| 2022 | $2,074,754 | — | — | −$932,354 | $1,142,400 | $— | $40,960 | Verified |
| 2021 | $2,345,856 | — | — | −$1,203,456 | $1,142,400 | $— | $45,161 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.2% | +1.2% | ~100% | Not available | Partial |
| 2025 | -0.8% | -0.8% | ~100% | Not available | Partial |
| 2024 | -17.5% | -17.5% | ~100% | 1.9800% | Verified |
| 2023 | +33.9% | +33.9% | ~100% | 1.4900% | Verified |
| 2022 | -0.0% | -0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.9300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +9.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -17.6% | -3.9% | +3.4% | +10.5% | 2024 | -17.6% | 2026 |
| Assessment Ratio | 100.0% | 83.4% | — | 103.3% | 2023 | 48.7% | 2021 |
| 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 |
$46,504 | $43,896 | ~$43,255 | $46,504 | 2025 | $40,960 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,254,403 | ~$2,254,403 | ~2.0139% | ~$45,402 | -0.8% |
| 2027 | ~$2,236,545 | ~$2,236,545 | ~1.9814% | ~$44,315 | -1.6% |
| 2028 | ~$2,218,828 | ~$2,218,828 | ~1.9488% | ~$43,241 | -2.4% |
| 2029 | ~$2,201,252 | ~$2,201,252 | ~1.9163% | ~$42,182 | -3.1% |
| 2030 | ~$2,183,815 | ~$2,183,815 | ~1.8837% | ~$41,137 | -3.9% |
| 2026 | ~$2,208,955 | ~$2,208,955 | ~2.0465% | ~$45,206 | -2.8% |
| 2027 | ~$2,147,278 | ~$2,147,278 | ~2.0465% | ~$43,944 | -5.5% |
| 2028 | ~$2,087,323 | ~$2,087,323 | ~2.0465% | ~$42,717 | -8.1% |
| 2029 | ~$2,029,042 | ~$2,029,042 | ~2.0465% | ~$41,524 | -10.7% |
| 2030 | ~$1,972,388 | ~$1,972,388 | ~2.0465% | ~$40,365 | -13.2% |
| 2026 | ~$2,299,851 | ~$2,299,851 | ~1.9977% | ~$45,943 | +1.2% |
| 2027 | ~$2,327,630 | ~$2,327,630 | ~1.9488% | ~$45,362 | +2.4% |
| 2028 | ~$2,355,744 | ~$2,355,744 | ~1.9000% | ~$44,760 | +3.7% |
| 2029 | ~$2,384,198 | ~$2,384,198 | ~1.8512% | ~$44,136 | +4.9% |
| 2030 | ~$2,412,996 | ~$2,412,996 | ~1.8024% | ~$43,491 | +6.2% |
In 2025, this property's market value of $2,272,404 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +60% 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 | $2,272,404 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,291,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,074,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,074,754 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,345,856 | $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.