2420 S 1 ST TX 78704
| Owner | JJSJR LLC |
|---|---|
| Parcel ID | 0402030155 |
| Short ID | 303674 |
| Type | Real |
| Use Code | 20 Small Store (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 6,984 SF |
| Land SF | 16,553 SF |
| Acres | 0.380 |
| Year Built | 1963 |
| Legal | ABS 8 SUR 20 DECKER I ACR .38 |
| Neighborhood | 30CEN |
| Land | $1,853,936 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,853,936 |
| Improvement | $90,825 |
|---|---|
| Total Improvement | $90,825 |
| Market | $1,944,761 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,944,761 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,944,761 |
| Taxable Value | $1,944,761 |
|---|
Appreciation: Market value has risen +72.9% from $1,125,070 (2021) to $1,944,761 (2025), a CAGR of 14.7% over 4 years. This is strong appreciation — well above typical inflation. 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 outpaced 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 $39,799. 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 95% of market value ($1,853,936 land vs $90,825 improvements), about $112/SF of land. With value concentrated in the land under a ~63-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 $1,944,761, 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 +14.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,854,558 by 2030, with an estimated annual tax burden around $59,000. 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 | 7,080 SF | ✗ |
| 1ST | 1st Floor | 4,506 SF | ✓ |
| 2ND | 2nd Floor | 2,478 SF | ✓ |
| 501 | CANOPY | 314 SF | ✗ |
| 413 | STAIRWAY EXT | 1 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% | $17,992.93 | $17,992.93 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $10,190.88 | $10,190.88 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,309.29 | $7,309.29 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,295.27 | $2,295.27 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,010.88 | $2,010.88 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $39,799.25 | $39,799.25 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,952,009 | $1,944,761 | +0.4% |
| Assessed Value | $1,952,009 | $1,944,761 | +0.4% |
| Land Value | $1,853,936 | $1,853,936 | +0.0% |
| Improvement Value | $98,073 | $90,825 | +8.0% |
| Taxable Value | $1,952,009 | $1,944,761 | +0.4% |
| Total Tax 2026 = estimate |
~$39,948
Estimated
|
~$39,799
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,952,009 | $1,952,009 | +0 (+0.0%) |
| Taxable Value | $1,952,009 | $1,952,009 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,952,009 | $1,853,936 | $98,073 | — | $1,952,009 | $1,952,009 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,944,761 | $1,853,936 | $90,825 | — | $1,944,761 | $1,944,761 | ~$39,799 | Partial |
| 2024 | $1,855,000 | — | — | −$1,064 | $1,853,936 | $— | $36,763 | Verified |
| 2023 | $1,193,069 | — | — | — | $1,853,936 ! | $— | $33,562 | Verified |
| 2022 | $1,193,069 | — | — | −$133,677 | $1,059,392 | $— | $23,562 | Verified |
| 2021 | $1,125,070 | — | — | −$65,678 | $1,059,392 | $— | $25,969 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.4% | +0.4% | ~100% | Not available | Partial |
| 2025 | +4.8% | +4.8% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +55.5% | +55.5% | ~100% | 1.8100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +63.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.4% | +13.3% | +14.6% | +55.5% | 2024 | +0.0% | 2023 |
| Assessment Ratio | 100.0% | 106.4% | — | 155.4% | 2023 | 88.8% | 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 |
$39,799 | $31,931 | ~$50,743 | $39,799 | 2025 | $23,562 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,229,913 | ~$2,139,237 | ~2.0139% | ~$43,083 | +14.7% |
| 2027 | ~$2,556,876 | ~$2,353,161 | ~1.9814% | ~$46,625 | +31.5% |
| 2028 | ~$2,931,779 | ~$2,588,477 | ~1.9488% | ~$50,445 | +50.8% |
| 2029 | ~$3,361,653 | ~$2,847,325 | ~1.9163% | ~$54,563 | +72.9% |
| 2030 | ~$3,854,558 | ~$3,132,057 | ~1.8837% | ~$59,000 | +98.2% |
| 2026 | ~$2,191,018 | ~$2,139,237 | ~2.0465% | ~$43,779 | +12.7% |
| 2027 | ~$2,468,457 | ~$2,353,161 | ~2.0465% | ~$48,157 | +26.9% |
| 2028 | ~$2,781,027 | ~$2,588,477 | ~2.0465% | ~$52,973 | +43.0% |
| 2029 | ~$3,133,176 | ~$2,847,325 | ~2.0465% | ~$58,270 | +61.1% |
| 2030 | ~$3,529,917 | ~$3,132,057 | ~2.0465% | ~$64,097 | +81.5% |
| 2026 | ~$2,268,808 | ~$2,139,237 | ~1.9977% | ~$42,735 | +16.7% |
| 2027 | ~$2,646,850 | ~$2,353,161 | ~1.9488% | ~$45,859 | +36.1% |
| 2028 | ~$3,087,883 | ~$2,588,477 | ~1.9000% | ~$49,181 | +58.8% |
| 2029 | ~$3,602,404 | ~$2,847,325 | ~1.8512% | ~$52,710 | +85.2% |
| 2030 | ~$4,202,657 | ~$3,132,057 | ~1.8024% | ~$56,451 | +116.1% |
In 2025, this property's market value of $1,944,761 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +37% 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 | $1,944,761 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,855,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,193,069 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,193,069 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $1,125,070 | $517,750 | $1,142,600 | $2,780,453 | ↓ Below 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.