611 E ST ELMO RD TX 78745
| Owner | ONE GAS INC |
|---|---|
| Parcel ID | 0414030711 |
| Short ID | 320506 |
| Type | Real |
| Use Code | 61 Warehouse (<20,000 SF) |
| Valuation | Cost |
| Improvement SF | 5,000 SF |
| Land SF | 108,817 SF |
| Acres | 2.498 |
| Year Built | 1991 |
| Legal | LOT 1&2 SOUTH AUSTIN INDUSTRIAL PARK & LOT 5A SOUTH AUSTIN INDUSTRIAL PARK PHS A |
| Neighborhood | 61SOU |
| Land | $2,720,424 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,720,424 |
| Improvement | $955,912 |
|---|---|
| Total Improvement | $955,912 |
| Market | $3,676,336 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,676,336 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,676,336 |
| Taxable Value | $3,676,336 |
|---|
Appreciation: Market value has risen +61.5% from $2,276,378 (2021) to $3,676,336 (2025), a CAGR of 12.7% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $75,236. 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 74% of market value ($2,720,424 land vs $955,912 improvements), about $25/SF of land. With value concentrated in the land under a ~35-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 $3,676,336, 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 +12.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,693,122 by 2030, with an estimated annual tax burden around $111,532. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 50,000 SF | ✗ |
| 1ST | 1st Floor | 5,000 SF | ✓ |
| 881 | COMMCL FINISHOUT | 3,300 SF | ✓ |
| 591 | MASONRY TRIM SF | 1,650 SF | ✗ |
| 501 | CANOPY | 1,500 SF | ✗ |
| 541 | FENCE COMM LF | 700 SF | ✗ |
| 571C | STORAGE DET COMM | 192 SF | ✓ |
| 482 | LIGHT POLES | 4 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% | $34,013.46 | $34,013.46 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $19,264.63 | $19,264.63 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $13,817.33 | $13,817.33 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $4,338.92 | $4,338.92 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,801.33 | $3,801.33 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $75,235.67 | $75,235.67 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,900,000 | $3,676,336 | +6.1% |
| Assessed Value | $3,900,000 | $3,676,336 | +6.1% |
| Land Value | $2,720,424 | $2,720,424 | +0.0% |
| Improvement Value | $1,179,576 | $955,912 | +23.4% |
| Taxable Value | $3,900,000 | $3,676,336 | +6.1% |
| Total Tax 2026 = estimate |
~$79,813
Estimated
|
~$75,236
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,919,009 | $3,900,000 | -1,019,009 (-20.7%) |
| Taxable Value | $4,411,603 | $3,900,000 | -511,603 (-11.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,900,000 | $2,720,424 | $1,179,576 | — | $3,900,000 | $3,900,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,676,336 | $2,720,424 | $955,912 | — | $3,676,336 | $3,676,336 | ~$75,236 | Partial |
| 2024 | $3,428,299 | — | — | −$707,875 | $2,720,424 | $— | $70,354 | Verified |
| 2023 | $3,200,000 | — | — | −$479,576 | $2,720,424 | $— | $62,026 | Verified |
| 2022 | $2,800,000 | — | — | −$79,576 | $2,720,424 | $— | $63,198 | Verified |
| 2021 | $2,276,378 | — | — | — | $2,720,424 ! | $— | $60,947 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +33.8% | +20.0% | 89.7% | Not available | Partial |
| 2025 | +3.6% | +3.6% | ~100% | Not available | Partial |
| 2024 | +3.5% | +3.5% | ~100% | 1.9800% | Verified |
| 2023 | +7.1% | +7.1% | ~100% | 1.8100% | Verified |
| 2022 | +14.3% | +14.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.6800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +31.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +6.1% | +11.5% | +11.4% | +23.0% | 2022 | +6.1% | 2026 |
| Assessment Ratio | 100.0% | 96.9% | — | 119.5% | 2021 | 79.4% | 2024 |
| 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 |
$75,236 | $66,352 | ~$95,924 | $75,236 | 2025 | $60,947 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,144,364 | ~$4,043,970 | ~2.0139% | ~$81,443 | +12.7% |
| 2027 | ~$4,671,976 | ~$4,448,367 | ~1.9814% | ~$88,139 | +27.1% |
| 2028 | ~$5,266,757 | ~$4,893,203 | ~1.9488% | ~$95,361 | +43.3% |
| 2029 | ~$5,937,259 | ~$5,382,524 | ~1.9163% | ~$103,145 | +61.5% |
| 2030 | ~$6,693,122 | ~$5,920,776 | ~1.8837% | ~$111,532 | +82.1% |
| 2026 | ~$4,070,837 | ~$4,043,970 | ~2.0465% | ~$82,759 | +10.7% |
| 2027 | ~$4,507,672 | ~$4,448,367 | ~2.0465% | ~$91,035 | +22.6% |
| 2028 | ~$4,991,383 | ~$4,893,203 | ~2.0465% | ~$100,139 | +35.8% |
| 2029 | ~$5,526,999 | ~$5,382,524 | ~2.0465% | ~$110,153 | +50.3% |
| 2030 | ~$6,120,092 | ~$5,920,776 | ~2.0465% | ~$121,168 | +66.5% |
| 2026 | ~$4,217,891 | ~$4,043,970 | ~1.9977% | ~$80,785 | +14.7% |
| 2027 | ~$4,839,221 | ~$4,448,367 | ~1.9488% | ~$86,692 | +31.6% |
| 2028 | ~$5,552,079 | ~$4,893,203 | ~1.9000% | ~$92,972 | +51.0% |
| 2029 | ~$6,369,946 | ~$5,382,524 | ~1.8512% | ~$99,641 | +73.3% |
| 2030 | ~$7,308,292 | ~$5,920,776 | ~1.8024% | ~$106,714 | +98.8% |
In 2025, this property's market value of $3,676,336 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — +159% 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 | $3,676,336 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $3,428,299 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $3,200,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,800,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,276,378 | $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.