2510 S CONGRESS AVE TX 78704
| Owner | 2510 SOCO LLC |
|---|---|
| Parcel ID | 0404020405 |
| Short ID | 305549 |
| Type | Real |
| Use Code | 35 Hotel — Limited Service |
| Valuation | Income |
| Improvement SF | 73,362 SF |
| Land SF | 66,651 SF |
| Acres | 1.530 |
| Year Built | 2019 |
| Legal | 1.5300 ACR OF LOT 9 LIVE OAK GROVE ADDN |
| Neighborhood | 34SC2 |
| Land | $8,398,045 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $8,398,045 |
| Improvement | $5,977,128 |
|---|---|
| Total Improvement | $5,977,128 |
| Market | $14,375,173 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $14,375,173 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $14,375,173 |
| Taxable Value | $14,375,173 |
|---|
| Total Due | $53,411.54 |
|---|---|
| First Delinquent | — |
Appreciation: Market value has risen +33.3% from $10,787,128 (2021) to $14,375,173 (2025), a CAGR of 7.4% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2021→2022), 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 $294,186. 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 58% of market value ($8,398,045 land vs $5,977,128 improvements), about $126/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $14,375,173, 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 +7.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $20,582,453 by 2030, with an estimated annual tax burden around $387,720. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
Delinquent Taxes: $53,411.54 in unpaid taxes . These become a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 27,300 SF | ✓ |
| 2ND | 2nd Floor | 24,852 SF | ✓ |
| 1ST | 1st Floor | 24,280 SF | ✓ |
| 3RD | 3rd Floor | 24,230 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +6,673 |
| Travis County | 0.3444% | 0.3758% | +4,514 |
| Austin ISD | 0.9505% | 0.9252% | -3,637 |
| Travis Central Health | 0.1080% | 0.1180% | +1,445 |
| Austin Community College | 0.1013% | 0.1034% | +302 |
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% | $132,999.10 | $112,001.77 | $20,997.33 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $75,328.35 | $63,435.82 | $11,892.53 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $54,028.37 | $45,498.60 | $8,529.77 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $16,966.01 | $14,287.49 | $2,678.52 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $14,863.93 | $12,517.27 | $2,346.66 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $294,185.76 | $247,740.95 | $46,444.81 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $16,131,336 | $14,375,173 | +12.2% |
| Assessed Value | $16,131,336 | $14,375,173 | +12.2% |
| Land Value | $8,398,045 | $8,398,045 | +0.0% |
| Improvement Value | $7,733,291 | $5,977,128 | +29.4% |
| Taxable Value | $16,131,336 | $14,375,173 | +12.2% |
| Total Tax 2026 = estimate |
~$330,125
Estimated
|
$294,186 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $16,131,336 | $16,131,336 | +0 (+0.0%) |
| Taxable Value | $16,131,336 | $16,131,336 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $16,131,336 | $8,398,045 | $7,733,291 | — | $16,131,336 | $16,131,336 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $14,375,173 | $8,398,045 | $5,977,128 | — | $14,375,173 | $14,375,173 | $294,186 | Verified |
| 2024 | $13,250,000 | — | — | −$4,851,955 | $8,398,045 | $— | $277,454 | Verified |
| 2023 | $15,560,000 | — | — | −$7,161,955 | $8,398,045 | $— | $239,725 | Verified |
| 2022 | $14,400,000 | — | — | −$9,601,118 | $4,798,882 | $— | $307,298 | Verified |
| 2021 | $10,787,128 | — | — | −$5,988,245 | $4,798,883 | $— | $313,442 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +12.2% | +12.2% | ~100% | Not available | Partial |
| 2025 | +2.7% | +2.7% | ~100% | 2.0500% | Verified |
| 2024 | +5.7% | +5.7% | ~100% | 1.9800% | Verified |
| 2023 | -14.8% | -14.8% | ~100% | 1.8100% | Verified |
| 2022 | +8.1% | +8.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.9100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -0.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +12.2% | +9.5% | +5.1% | +33.5% | 2022 | -14.8% | 2024 |
| Assessment Ratio | 100.0% | 65.9% | — | 100.0% | 2025 | 33.3% | 2022 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
| Tax Amount | $294,186 | $286,421 | ~$348,429 | $313,442 | 2021 | $239,725 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$15,445,070 | ~$15,445,070 | ~2.0139% | ~$311,054 | +7.4% |
| 2027 | ~$16,594,597 | ~$16,594,597 | ~1.9814% | ~$328,803 | +15.4% |
| 2028 | ~$17,829,679 | ~$17,829,679 | ~1.9488% | ~$347,472 | +24.0% |
| 2029 | ~$19,156,684 | ~$19,156,684 | ~1.9163% | ~$367,098 | +33.3% |
| 2030 | ~$20,582,453 | ~$20,582,453 | ~1.8837% | ~$387,720 | +43.2% |
| 2026 | ~$15,157,567 | ~$15,157,567 | ~2.0465% | ~$310,197 | +5.4% |
| 2027 | ~$15,982,544 | ~$15,982,544 | ~2.0465% | ~$327,080 | +11.2% |
| 2028 | ~$16,852,422 | ~$16,852,422 | ~2.0465% | ~$344,882 | +17.2% |
| 2029 | ~$17,769,644 | ~$17,769,644 | ~2.0465% | ~$363,653 | +23.6% |
| 2030 | ~$18,736,788 | ~$18,736,788 | ~2.0465% | ~$383,446 | +30.3% |
| 2026 | ~$15,732,574 | ~$15,732,574 | ~1.9977% | ~$314,284 | +9.4% |
| 2027 | ~$17,218,150 | ~$17,218,150 | ~1.9488% | ~$335,554 | +19.8% |
| 2028 | ~$18,844,004 | ~$18,844,004 | ~1.9000% | ~$358,039 | +31.1% |
| 2029 | ~$20,623,382 | ~$20,623,382 | ~1.8512% | ~$381,779 | +43.5% |
| 2030 | ~$22,570,780 | ~$22,570,780 | ~1.8024% | ~$406,809 | +57.0% |
In 2025, this property's market value of $14,375,173 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 10× 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 | $14,375,173 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $13,250,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $15,560,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $14,400,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $10,787,128 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 25% | 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.