2607 S 1 ST TX 78704
| Owner | 2607 SOUTH FIRST LLC |
|---|---|
| Parcel ID | 0404020155 |
| Short ID | 305464 |
| Type | Real |
| Use Code | 61 Warehouse (<20,000 SF) |
| Valuation | Cost |
| Improvement SF | 6,000 SF |
| Land SF | 40,066 SF |
| Acres | 0.920 |
| Year Built | 1981 |
| Legal | .9198 ACR OF LOT 5 LIVE OAK GROVE ADDN |
| Neighborhood | 61CEN |
| Land | $3,646,051 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,646,051 |
| Improvement | $176,356 |
|---|---|
| Total Improvement | $176,356 |
| Market | $3,822,407 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,822,407 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,822,407 |
| Taxable Value | $3,822,407 |
|---|
Appreciation: Market value has risen +86.8% from $2,046,787 (2021) to $3,822,407 (2025), a CAGR of 16.9% 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 $78,225. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 95% of market value ($3,646,051 land vs $176,356 improvements), about $91/SF of land. With value concentrated in the land under a ~45-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 $3,822,407, 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 +16.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $8,344,826 by 2030, with an estimated annual tax burden around $115,964. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 13,000 SF | ✗ |
| 1ST | 1st Floor | 6,000 SF | ✓ |
| 881 | COMMCL FINISHOUT | 1,380 SF | ✓ |
| 591 | MASONRY TRIM SF | 600 SF | ✗ |
| 541 | FENCE COMM LF | 240 SF | ✗ |
| 501 | CANOPY | 198 SF | ✗ |
| 611 | TERRACE | 180 SF | ✗ |
Market value changed by 82% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $35,364.91 | $35,364.91 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $20,030.06 | $20,030.06 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $14,366.33 | $14,366.33 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $4,511.32 | $4,511.32 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,952.37 | $3,952.37 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $78,224.99 | $78,224.99 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,712,467 | $3,822,407 | -2.9% |
| Assessed Value | $3,712,467 | $3,822,407 | -2.9% |
| Land Value | $3,646,051 | $3,646,051 | +0.0% |
| Improvement Value | $66,416 | $176,356 | -62.3% |
| Taxable Value | $3,712,467 | $3,822,407 | -2.9% |
| Total Tax 2026 = estimate |
~$75,975
Estimated
|
~$78,225
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,079,634 | $3,712,467 | -367,167 (-9.0%) |
| Taxable Value | $4,079,634 | $3,712,467 | -367,167 (-9.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,712,467 | $3,646,051 | $66,416 | — | $3,712,467 | $3,712,467 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,822,407 | $3,646,051 | $176,356 | — | $3,822,407 | $3,822,407 | ~$78,225 | Partial |
| 2024 | $3,702,829 | — | — | −$56,778 | $3,646,051 | $— | $75,710 | Verified |
| 2023 | $2,035,129 | — | — | — | $3,646,051 ! | $— | $66,993 | Verified |
| 2022 | $2,035,141 | — | — | −$71,883 | $1,963,258 | $— | $40,192 | Verified |
| 2021 | $2,046,787 | — | — | −$83,529 | $1,963,258 | $— | $44,298 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +6.7% | +6.7% | ~100% | Not available | Partial |
| 2025 | +0.1% | +0.1% | ~100% | Not available | Partial |
| 2024 | +3.2% | +3.2% | ~100% | 1.9800% | Verified |
| 2023 | +81.9% ! | +81.9% | ~100% | 1.8100% | Verified |
| 2022 | -0.0% | -0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +87.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -2.9% | +16.3% | +17.6% | +81.9% | 2024 | -2.9% | 2026 |
| Assessment Ratio | 100.0% | 111.7% | — | 179.2% | 2023 | 95.9% | 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 |
$78,225 | $61,084 | ~$99,735 | $78,225 | 2025 | $40,192 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,468,410 | ~$4,204,648 | ~2.0139% | ~$84,679 | +16.9% |
| 2027 | ~$5,223,590 | ~$4,625,112 | ~1.9814% | ~$91,641 | +36.7% |
| 2028 | ~$6,106,398 | ~$5,087,624 | ~1.9488% | ~$99,150 | +59.8% |
| 2029 | ~$7,138,405 | ~$5,596,386 | ~1.9163% | ~$107,243 | +86.8% |
| 2030 | ~$8,344,826 | ~$6,156,025 | ~1.8837% | ~$115,964 | +118.3% |
| 2026 | ~$4,391,962 | ~$4,204,648 | ~2.0465% | ~$86,047 | +14.9% |
| 2027 | ~$5,046,382 | ~$4,625,112 | ~2.0465% | ~$94,652 | +32.0% |
| 2028 | ~$5,798,315 | ~$5,087,624 | ~2.0465% | ~$104,117 | +51.7% |
| 2029 | ~$6,662,288 | ~$5,596,386 | ~2.0465% | ~$114,529 | +74.3% |
| 2030 | ~$7,654,997 | ~$6,156,025 | ~2.0465% | ~$125,982 | +100.3% |
| 2026 | ~$4,544,858 | ~$4,204,648 | ~1.9977% | ~$83,995 | +18.9% |
| 2027 | ~$5,403,855 | ~$4,625,112 | ~1.9488% | ~$90,136 | +41.4% |
| 2028 | ~$6,425,206 | ~$5,087,624 | ~1.9000% | ~$96,666 | +68.1% |
| 2029 | ~$7,639,597 | ~$5,596,386 | ~1.8512% | ~$103,600 | +99.9% |
| 2030 | ~$9,083,513 | ~$6,156,025 | ~1.8024% | ~$110,954 | +137.6% |
In 2025, this property's market value of $3,822,407 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — +170% 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 | $3,822,407 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $3,702,829 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $2,035,129 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,035,141 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,046,787 | $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.