6114 S 1 ST TX 78745
| Owner | AZELIE LTD |
|---|---|
| Parcel ID | 0418120114 |
| Short ID | 329976 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 7,464 SF |
| Land SF | 43,124 SF |
| Acres | 0.990 |
| Year Built | 1987 |
| Legal | LOT 2 ANDREE SUBDIVISION |
| Neighborhood | 53SOU |
| Land | $1,078,100 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,078,100 |
| Improvement | $2,076,733 |
|---|---|
| Total Improvement | $2,076,733 |
| Market | $3,154,833 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,154,833 |
| Value Limitation Adjustment (−) (homestead cap) | −$394,833 |
| Net Appraised (assessed) | $2,760,000 |
| Taxable Value | $2,760,000 |
|---|
Appreciation: Market value has risen +60.3% from $1,968,600 (2021) to $3,154,833 (2025), a CAGR of 12.5% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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 $56,483. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($2,760,000) is $394,833 below market value, suggesting potential for an upward assessment in future years.
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 34% of market value ($1,078,100 land vs $2,076,733 improvements), about $25/SF of land. Most value sits in the improvements, so building condition, age (~39 yrs), and rent roll drive the underwriting.
Submarket Position: At $3,154,833, this parcel sits in the upper-middle (50th–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 +12.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,688,529 by 2030, with an estimated annual tax burden around $83,733. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 24,810 SF | ✗ |
| 1ST | 1st Floor | 7,464 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% | $23,130.00 | $23,130.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $13,100.43 | $13,100.43 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,396.13 | $9,396.13 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,950.58 | $2,950.58 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,585.00 | $2,585.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $51,162.14 | $51,162.14 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,528,090 | $3,154,833 | -19.9% |
| Assessed Value | $2,528,090 | $2,760,000 | -8.4% |
| Land Value | $1,078,100 | $1,078,100 | +0.0% |
| Improvement Value | $1,449,990 | $2,076,733 | -30.2% |
| Taxable Value | $2,528,090 | $2,760,000 | -8.4% |
| Total Tax 2026 = estimate |
~$51,737
Estimated
|
~$51,162
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,778,121 | $2,528,090 | -250,031 (-9.0%) |
| Taxable Value | $2,778,121 | $2,528,090 | -250,031 (-9.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,528,090 | $1,078,100 | $1,449,990 | — | $2,528,090 | $2,528,090 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,154,833 | $1,078,100 | $2,076,733 | −$394,833 | $2,760,000 | $2,760,000 | ~$51,162 | Partial |
| 2024 | $2,300,000 | — | — | −$1,221,900 | $1,078,100 | $— | $45,582 | Verified |
| 2023 | $1,900,000 | — | — | −$821,900 | $1,078,100 | $— | $41,673 | Verified |
| 2022 | $2,050,000 | — | — | −$971,900 | $1,078,100 | $— | $38,038 | Verified |
| 2021 | $1,968,600 | — | — | −$890,500 | $1,078,100 | $— | $39,442 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -11.9% | +0.7% | ~100% | Not available | Partial |
| 2025 | +37.2% | +20.0% | 87.5% | Not available | Partial |
| 2024 | -2.6% | -2.6% | ~100% | 1.9800% | Verified |
| 2023 | -2.5% | -2.5% | ~100% | 1.7700% | Verified |
| 2022 | +18.1% | +18.1% | ~100% | 1.5700% | Verified |
| 2021 | base year | — | ~100% | 2.0000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +53.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -19.9% | +7.0% | +18.1% | +37.2% | 2025 | -19.9% | 2026 |
| Assessment Ratio | 100.0% | 66.4% | — | 100.0% | 2026 | 46.9% | 2024 |
| Effective Tax Rate (2025) | 1.6200% | 1.6200% | — | 1.6200% | 2025 | 1.6200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$51,162 | $43,179 | ~$72,015 | $51,162 | 2025 | $38,038 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,549,614 | ~$3,036,000 | ~2.0139% | ~$61,143 | +12.5% |
| 2027 | ~$3,993,795 | ~$3,339,600 | ~1.9814% | ~$66,170 | +26.6% |
| 2028 | ~$4,493,560 | ~$3,673,560 | ~1.9488% | ~$71,592 | +42.4% |
| 2029 | ~$5,055,863 | ~$4,040,916 | ~1.9163% | ~$77,436 | +60.3% |
| 2030 | ~$5,688,529 | ~$4,445,008 | ~1.8837% | ~$83,733 | +80.3% |
| 2026 | ~$3,486,517 | ~$3,036,000 | ~2.0465% | ~$62,131 | +10.5% |
| 2027 | ~$3,853,073 | ~$3,339,600 | ~2.0465% | ~$68,344 | +22.1% |
| 2028 | ~$4,258,167 | ~$3,673,560 | ~2.0465% | ~$75,179 | +35.0% |
| 2029 | ~$4,705,850 | ~$4,040,916 | ~2.0465% | ~$82,697 | +49.2% |
| 2030 | ~$5,200,601 | ~$4,445,008 | ~2.0465% | ~$90,966 | +64.8% |
| 2026 | ~$3,612,710 | ~$3,036,000 | ~1.9977% | ~$60,649 | +14.5% |
| 2027 | ~$4,137,042 | ~$3,339,600 | ~1.9488% | ~$65,083 | +31.1% |
| 2028 | ~$4,737,473 | ~$3,673,560 | ~1.9000% | ~$69,798 | +50.2% |
| 2029 | ~$5,425,047 | ~$4,040,916 | ~1.8512% | ~$74,805 | +72.0% |
| 2030 | ~$6,212,412 | ~$4,445,008 | ~1.8024% | ~$80,116 | +96.9% |
In 2025, this property's market value of $3,154,833 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +123% 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 | $3,154,833 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,300,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,900,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,050,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,968,600 | $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.