3801 WADFORD ST TX 78704
| Owner | 3822 SOCO LLC |
|---|---|
| Parcel ID | 0409050210 |
| Short ID | 312580 |
| Type | Real |
| Use Code | 83 Service / Repair Garage |
| Valuation | Income |
| Improvement SF | 3,530 SF |
| Land SF | 7,754 SF |
| Acres | 0.178 |
| Year Built | 1973 |
| Legal | .175AC OF LOT A *RESUB OF LT 2 KREBS LANE ADDN |
| Neighborhood | 83CEN |
| Land | $542,758 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $542,758 |
| Improvement | $66,631 |
|---|---|
| Total Improvement | $66,631 |
| Market | $609,389 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $609,389 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $609,389 |
| Taxable Value | $609,389 |
|---|
Appreciation: Market value has risen +26.0% from $483,643 (2021) to $609,389 (2025), a CAGR of 5.9% over 4 years. This represents moderate, steady growth. 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 $12,471. 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 89% of market value ($542,758 land vs $66,631 improvements), about $70/SF of land. With value concentrated in the land under a ~53-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 $609,389, this parcel sits in the bottom quartile (<25th 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 +6.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $813,498 by 2030, with an estimated annual tax burden around $15,324. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 3,530 SF | ✓ |
| 551 | PAVED AREA | 1,400 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% | $5,031.01 | $5,031.01 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,849.47 | $2,849.47 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,043.75 | $2,043.75 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $641.78 | $641.78 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $562.26 | $562.26 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $11,128.27 | $11,128.27 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $543,775 | $609,389 | -10.8% |
| Assessed Value | $543,775 | $609,389 | -10.8% |
| Land Value | $542,758 | $542,758 | +0.0% |
| Improvement Value | $1,017 | $66,631 | -98.5% |
| Taxable Value | $543,775 | $609,389 | -10.8% |
| Total Tax 2026 = estimate |
~$11,128
Estimated
|
~$11,128
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $571,869 | $543,775 | -28,094 (-4.9%) |
| Taxable Value | $571,869 | $543,775 | -28,094 (-4.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $543,775 | $542,758 | $1,017 | — | $543,775 | $543,775 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $609,389 | $542,758 | $66,631 | — | $609,389 | $609,389 | ~$11,128 | Partial |
| 2024 | $617,836 | — | — | −$75,078 | $542,758 | $— | $12,077 | Verified |
| 2023 | $453,500 | — | — | — | $542,758 ! | $— | $11,178 | Verified |
| 2022 | $487,932 | — | — | −$183,012 | $304,920 | $— | $8,956 | Verified |
| 2021 | $483,643 | — | — | −$178,723 | $304,920 | $— | $10,621 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -6.2% | -6.2% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -1.4% | -1.4% | ~100% | 1.9800% | Verified |
| 2023 | +36.2% | +36.2% | ~100% | 1.8100% | Verified |
| 2022 | -7.1% | -7.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +24.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -10.8% | +3.6% | +8.5% | +36.2% | 2024 | -10.8% | 2026 |
| Assessment Ratio | 100.0% | 88.8% | — | 119.7% | 2023 | 62.5% | 2022 |
| Effective Tax Rate (2025) | 1.8300% | 1.8300% | — | 1.8300% | 2025 | 1.8300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$11,128 | $10,792 | ~$14,144 | $12,077 | 2024 | $8,956 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$645,635 | ~$645,635 | ~2.0139% | ~$13,003 | +5.9% |
| 2027 | ~$684,037 | ~$684,037 | ~1.9814% | ~$13,553 | +12.2% |
| 2028 | ~$724,723 | ~$724,723 | ~1.9488% | ~$14,124 | +18.9% |
| 2029 | ~$767,829 | ~$767,829 | ~1.9163% | ~$14,714 | +26.0% |
| 2030 | ~$813,498 | ~$813,498 | ~1.8837% | ~$15,324 | +33.5% |
| 2026 | ~$633,447 | ~$633,447 | ~2.0465% | ~$12,963 | +3.9% |
| 2027 | ~$658,455 | ~$658,455 | ~2.0465% | ~$13,475 | +8.1% |
| 2028 | ~$684,450 | ~$684,450 | ~2.0465% | ~$14,007 | +12.3% |
| 2029 | ~$711,472 | ~$711,472 | ~2.0465% | ~$14,560 | +16.8% |
| 2030 | ~$739,560 | ~$739,560 | ~2.0465% | ~$15,135 | +21.4% |
| 2026 | ~$657,823 | ~$657,823 | ~1.9977% | ~$13,141 | +7.9% |
| 2027 | ~$710,106 | ~$710,106 | ~1.9488% | ~$13,839 | +16.5% |
| 2028 | ~$766,545 | ~$766,545 | ~1.9000% | ~$14,564 | +25.8% |
| 2029 | ~$827,469 | ~$827,469 | ~1.8512% | ~$15,318 | +35.8% |
| 2030 | ~$893,235 | ~$893,235 | ~1.8024% | ~$16,099 | +46.6% |
In 2025, this property's market value of $609,389 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -57% below 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 | $609,389 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $617,836 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $453,500 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $487,932 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $483,643 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 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.