3707 S 2 ST TX 78704
| Owner | 3707 S 2ND PROPERTY LP |
|---|---|
| Parcel ID | 0407060408 |
| Short ID | 310020 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 39,448 SF |
| Land SF | 208,217 SF |
| Acres | 4.780 |
| Year Built | 1977 |
| Legal | LOT 10-A SOUTHWESTERN BELL TELEPHONE CO AUSTIN TOLL OFFICE NO 3 |
| Neighborhood | 51SCN |
| Land | $10,410,850 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $10,410,850 |
| Improvement | $1,093,015 |
|---|---|
| Total Improvement | $1,093,015 |
| Market | $11,503,865 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $11,503,865 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $11,503,865 |
| Taxable Value | $11,503,865 |
|---|
Appreciation: Market value has risen +77.9% from $6,467,800 (2021) to $11,503,865 (2025), a CAGR of 15.5% 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 $235,425. 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 90% of market value ($10,410,850 land vs $1,093,015 improvements), about $50/SF of land. With value concentrated in the land under a ~49-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 $11,503,865, 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 +15.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $23,629,404 by 2030, with an estimated annual tax burden around $349,003. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 60,514 SF | ✗ |
| 1ST | 1st Floor | 39,448 SF | ✓ |
| 611 | TERRACE | 3,735 SF | ✗ |
| SO | Sketch Only | 3,018 SF | ✗ |
| 501 | CANOPY | 505 SF | ✗ |
| 482 | LIGHT POLES | 12 SF | ✓ |
Market value changed by 102% 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% | $102,040.31 | $102,040.31 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $57,793.83 | $57,793.83 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $41,451.95 | $41,451.95 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $13,016.76 | $13,016.76 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $11,403.99 | $11,403.99 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $225,706.84 | $225,706.84 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $11,029,000 | $11,503,865 | -4.1% |
| Assessed Value | $11,029,000 | $11,503,865 | -4.1% |
| Land Value | $10,410,850 | $10,410,850 | +0.0% |
| Improvement Value | $618,150 | $1,093,015 | -43.4% |
| Taxable Value | $11,029,000 | $11,503,865 | -4.1% |
| Total Tax 2026 = estimate |
~$225,707
Estimated
|
~$225,707
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $11,029,000 | $11,029,000 | +0 (+0.0%) |
| Taxable Value | $11,029,000 | $11,029,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $11,029,000 | $10,410,850 | $618,150 | — | $11,029,000 | $11,029,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $11,503,865 | $10,410,850 | $1,093,015 | — | $11,503,865 | $11,503,865 | ~$225,707 | Partial |
| 2024 | $13,900,000 | — | — | −$7,653,490 | $6,246,510 | $— | $227,446 | Verified |
| 2023 | $7,274,880 | — | — | −$1,028,370 | $6,246,510 | $— | $252,236 | Verified |
| 2022 | $6,694,994 | — | — | −$448,484 | $6,246,510 | $— | $143,673 | Verified |
| 2021 | $6,467,800 | — | — | −$221,290 | $6,246,510 | $— | $145,729 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.1% | -4.1% | ~100% | Not available | Partial |
| 2025 | -10.8% | -10.8% | ~100% | Not available | Partial |
| 2024 | -12.0% | -12.0% | ~100% | 1.7600% | Verified |
| 2023 | +101.5% ! | +101.5% | ~100% | 1.7200% | Verified |
| 2022 | +8.7% | +8.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +71.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.1% | +16.4% | +16.5% | +91.1% | 2024 | -17.2% | 2025 |
| Assessment Ratio | 100.0% | 86.8% | — | 100.0% | 2025 | 44.9% | 2024 |
| Effective Tax Rate (2025) | 1.9600% | 1.9600% | — | 1.9600% | 2025 | 1.9600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$225,707 | $198,958 | ~$300,162 | $252,236 | 2023 | $143,673 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$13,285,123 | ~$12,654,252 | ~2.0139% | ~$254,849 | +15.5% |
| 2027 | ~$15,342,191 | ~$13,919,677 | ~1.9814% | ~$275,803 | +33.4% |
| 2028 | ~$17,717,775 | ~$15,311,644 | ~1.9488% | ~$298,399 | +54.0% |
| 2029 | ~$20,461,194 | ~$16,842,809 | ~1.9163% | ~$322,757 | +77.9% |
| 2030 | ~$23,629,404 | ~$18,527,090 | ~1.8837% | ~$349,003 | +105.4% |
| 2026 | ~$13,055,046 | ~$12,654,252 | ~2.0465% | ~$258,967 | +13.5% |
| 2027 | ~$14,815,387 | ~$13,919,677 | ~2.0465% | ~$284,864 | +28.8% |
| 2028 | ~$16,813,093 | ~$15,311,644 | ~2.0465% | ~$313,350 | +46.2% |
| 2029 | ~$19,080,170 | ~$16,842,809 | ~2.0465% | ~$344,686 | +65.9% |
| 2030 | ~$21,652,939 | ~$18,527,090 | ~2.0465% | ~$379,154 | +88.2% |
| 2026 | ~$13,515,200 | ~$12,654,252 | ~1.9977% | ~$252,789 | +17.5% |
| 2027 | ~$15,878,197 | ~$13,919,677 | ~1.9488% | ~$271,272 | +38.0% |
| 2028 | ~$18,654,340 | ~$15,311,644 | ~1.9000% | ~$290,924 | +62.2% |
| 2029 | ~$21,915,864 | ~$16,842,809 | ~1.8512% | ~$311,793 | +90.5% |
| 2030 | ~$25,747,633 | ~$18,527,090 | ~1.8024% | ~$333,927 | +123.8% |
In 2025, this property's market value of $11,503,865 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 8× 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 | $11,503,865 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $13,900,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $7,274,880 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $6,694,994 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $6,467,800 | $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.