2216 S 1 ST TX 78704
| Owner | NIETO JIMMY |
|---|---|
| Parcel ID | 0402031022 |
| Short ID | 446403 |
| Type | Real |
| Use Code | 83 Service / Repair Garage |
| Valuation | Income |
| Improvement SF | 2,400 SF |
| Land SF | 10,842 SF |
| Acres | 0.249 |
| Year Built | 1999 |
| Legal | LOT 1 BLK A KIMS AUTO |
| Neighborhood | 83CEN |
| Land | $1,626,300 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,626,300 |
| Improvement | $139,336 |
|---|---|
| Total Improvement | $139,336 |
| Market | $1,765,636 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,765,636 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,765,636 |
| Taxable Value | $1,765,636 |
|---|
| Total Due | $31,533.51 |
|---|---|
| First Delinquent | 2023 |
Appreciation: Market value has risen +80.0% from $981,158 (2021) to $1,765,636 (2025), a CAGR of 15.8% 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 $36,133. 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 92% of market value ($1,626,300 land vs $139,336 improvements), about $150/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $1,765,636, 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 +15.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,680,052 by 2030, with an estimated annual tax burden around $53,566. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
Delinquent Taxes: $31,533.51 in unpaid taxes since 2023. These become a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,400 SF | ✓ |
| 551 | PAVED AREA | 1,200 SF | ✗ |
| SO | Sketch Only | 336 SF | ✗ |
Market value changed by 80% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
This parcel has unpaid taxes on record. Delinquent taxes are a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
| 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% | $16,335.66 | $16,335.66 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $9,252.23 | $9,252.23 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,636.05 | $6,636.05 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,083.86 | $2,083.86 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,825.67 | $1,825.67 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $36,133.47 | $36,133.47 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,860,045 | $1,765,636 | +5.3% |
| Assessed Value | $1,860,045 | $1,765,636 | +5.3% |
| Land Value | $1,626,300 | $1,626,300 | +0.0% |
| Improvement Value | $233,745 | $139,336 | +67.8% |
| Taxable Value | $1,860,045 | $1,765,636 | +5.3% |
| Total Tax 2026 = estimate |
~$38,066
Estimated
|
~$36,133
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,860,045 | $1,860,045 | +0 (+0.0%) |
| Taxable Value | $1,860,045 | $1,860,045 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,860,045 | $1,626,300 | $233,745 | — | $1,860,045 | $1,860,045 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,765,636 | $1,626,300 | $139,336 | — | $1,765,636 | $1,765,636 | ~$36,133 | Partial |
| 2024 | $1,780,184 | — | — | −$153,884 | $1,626,300 | $— | $34,943 | Verified |
| 2023 | $988,267 | — | — | — | $1,626,300 ! | $— | $32,208 | Verified |
| 2022 | $983,789 | — | — | −$116,429 | $867,360 | $— | $19,518 | Verified |
| 2021 | $981,158 | — | — | −$113,798 | $867,360 | $— | $21,414 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +5.3% | +5.3% | ~100% | Not available | Partial |
| 2025 | +0.1% | +0.1% | ~100% | Not available | Partial |
| 2024 | -1.0% | -1.0% | ~100% | 1.9800% | Verified |
| 2023 | +80.1% ! | +80.1% | ~100% | 1.8100% | Verified |
| 2022 | +0.5% | +0.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +79.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +5.3% | +17.1% | +14.6% | +80.1% | 2024 | -0.8% | 2025 |
| Assessment Ratio | 100.0% | 105.4% | — | 164.6% | 2023 | 88.2% | 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 |
$36,133 | $28,843 | ~$46,070 | $36,133 | 2025 | $19,518 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,044,993 | ~$1,942,200 | ~2.0139% | ~$39,115 | +15.8% |
| 2027 | ~$2,368,549 | ~$2,136,420 | ~1.9814% | ~$42,331 | +34.1% |
| 2028 | ~$2,743,297 | ~$2,350,062 | ~1.9488% | ~$45,799 | +55.4% |
| 2029 | ~$3,177,338 | ~$2,585,068 | ~1.9163% | ~$49,537 | +80.0% |
| 2030 | ~$3,680,052 | ~$2,843,574 | ~1.8837% | ~$53,566 | +108.4% |
| 2026 | ~$2,009,680 | ~$1,942,200 | ~2.0465% | ~$39,747 | +13.8% |
| 2027 | ~$2,287,455 | ~$2,136,420 | ~2.0465% | ~$43,722 | +29.6% |
| 2028 | ~$2,603,624 | ~$2,350,062 | ~2.0465% | ~$48,094 | +47.5% |
| 2029 | ~$2,963,493 | ~$2,585,068 | ~2.0465% | ~$52,903 | +67.8% |
| 2030 | ~$3,373,104 | ~$2,843,574 | ~2.0465% | ~$58,193 | +91.0% |
| 2026 | ~$2,080,305 | ~$1,942,200 | ~1.9977% | ~$38,799 | +17.8% |
| 2027 | ~$2,451,054 | ~$2,136,420 | ~1.9488% | ~$41,635 | +38.8% |
| 2028 | ~$2,887,878 | ~$2,350,062 | ~1.9000% | ~$44,652 | +63.6% |
| 2029 | ~$3,402,552 | ~$2,585,068 | ~1.8512% | ~$47,855 | +92.7% |
| 2030 | ~$4,008,950 | ~$2,843,574 | ~1.8024% | ~$51,252 | +127.1% |
In 2025, this property's market value of $1,765,636 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +25% 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 | $1,765,636 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,780,184 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $988,267 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $983,789 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $981,158 | $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.