1507 W WILLIAM CANNON DR TX 78745
| Owner | SECURITY PORTFOLIO II LP |
|---|---|
| Parcel ID | 0419160517 |
| Short ID | 484984 |
| Type | Real |
| Use Code | 63 Mini-Warehouse / Self-Storage |
| Valuation | Income |
| Improvement SF | 67,704 SF |
| Land SF | 222,590 SF |
| Acres | 5.110 |
| Year Built | 2001 |
| Legal | LOT 1 BLK A SECURITY STORAGE SUBD LOT 16-B1 BLK D RESUB LTS 16 TIMBER VILLAGE AMENDED AMENDED PLAT LTS 16-B&16-C |
| Neighborhood | 63SOU |
| Land | $2,671,080 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,671,080 |
| Improvement | $3,699,489 |
|---|---|
| Total Improvement | $3,699,489 |
| Market | $6,370,569 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $6,370,569 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $6,370,569 |
| Taxable Value | $6,370,569 |
|---|
Appreciation: Market value has fallen -21.7% from $8,135,113 (2021) to $6,370,569 (2025), a CAGR of -5.9% over 4 years. Growth has been relatively flat for this asset class. 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 lagged 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 $130,373. 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 42% of market value ($2,671,080 land vs $3,699,489 improvements), about $12/SF of land. Most value sits in the improvements, so building condition, age (~25 yrs), and rent roll drive the underwriting.
Submarket Position: At $6,370,569, 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 -5.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,692,956 by 2030, with an estimated annual tax burden around $88,403. 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.
12 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 95,744 SF | ✗ |
| 551 | PAVED AREA | 86,200 SF | ✗ |
| 1ST | 1st Floor | 67,704 SF | ✓ |
| 093 | HVAC COMMRCL SF | 25,440 SF | ✗ |
| 483 | LIVING QUARTERS | 960 SF | ✓ |
| 541 | FENCE COMM LF | 850 SF | ✗ |
| 881 | COMMCL FINISHOUT | 204 SF | ✓ |
| 435 | FENCE IRON LF | 100 SF | ✗ |
| 501 | CANOPY | 60 SF | ✗ |
| 611 | TERRACE | 60 SF | ✗ |
| 304 | ENTRANCE FV | 1 SF | ✓ |
| MISC | Miscellaneous | 1 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% | $58,940.50 | $58,940.50 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $33,382.86 | $33,382.86 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $23,943.47 | $23,943.47 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $7,518.74 | $7,518.74 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $6,587.17 | $6,587.17 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $130,372.74 | $130,372.74 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $6,370,569 | $6,370,569 | +0.0% |
| Assessed Value | $6,370,569 | $6,370,569 | +0.0% |
| Land Value | $2,671,080 | $2,671,080 | +0.0% |
| Improvement Value | $3,699,489 | $3,699,489 | +0.0% |
| Taxable Value | $6,370,569 | $6,370,569 | +0.0% |
| Total Tax 2026 = estimate |
~$130,373
Estimated
|
~$130,373
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $6,517,297 | $6,370,569 | -146,728 (-2.3%) |
| Taxable Value | $6,517,297 | $6,370,569 | -146,728 (-2.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $6,370,569 | $2,671,080 | $3,699,489 | — | $6,370,569 | $6,370,569 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $6,370,569 | $2,671,080 | $3,699,489 | — | $6,370,569 | $6,370,569 | ~$130,373 | Partial |
| 2024 | $6,697,098 | — | — | −$4,026,018 | $2,671,080 | $— | $129,835 | Verified |
| 2023 | $8,044,075 | — | — | −$5,372,995 | $2,671,080 | $— | $121,167 | Verified |
| 2022 | $7,800,000 | — | — | −$5,128,920 | $2,671,080 | $— | $158,864 | Verified |
| 2021 | $8,135,113 | — | — | −$5,464,033 | $2,671,080 | $— | $169,815 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.3% | +2.3% | ~100% | Not available | Partial |
| 2025 | -9.4% | -9.4% | ~100% | Not available | Partial |
| 2024 | +5.0% | +5.0% | ~100% | 1.8500% | Verified |
| 2023 | -16.7% | -16.7% | ~100% | 1.8100% | Verified |
| 2022 | +2.7% | +2.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.0900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -18.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | -4.5% | -5.9% | +3.1% | 2023 | -16.7% | 2024 |
| Assessment Ratio | 100.0% | 56.7% | — | 100.0% | 2025 | 32.8% | 2021 |
| 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 |
$130,373 | $142,011 | ~$103,949 | $169,815 | 2021 | $121,167 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$5,992,829 | ~$5,992,829 | ~2.0139% | ~$120,692 | -5.9% |
| 2027 | ~$5,637,487 | ~$5,637,487 | ~1.9814% | ~$111,700 | -11.5% |
| 2028 | ~$5,303,215 | ~$5,303,215 | ~1.9488% | ~$103,351 | -16.8% |
| 2029 | ~$4,988,763 | ~$4,988,763 | ~1.9163% | ~$95,599 | -21.7% |
| 2030 | ~$4,692,956 | ~$4,692,956 | ~1.8837% | ~$88,403 | -26.3% |
| 2026 | ~$6,052,041 | ~$6,052,041 | ~2.0465% | ~$123,854 | -5.0% |
| 2027 | ~$5,749,439 | ~$5,749,439 | ~2.0465% | ~$117,661 | -9.7% |
| 2028 | ~$5,461,967 | ~$5,461,967 | ~2.0465% | ~$111,778 | -14.3% |
| 2029 | ~$5,188,868 | ~$5,188,868 | ~2.0465% | ~$106,189 | -18.5% |
| 2030 | ~$4,929,425 | ~$4,929,425 | ~2.0465% | ~$100,880 | -22.6% |
| 2026 | ~$6,120,240 | ~$6,120,240 | ~1.9977% | ~$122,262 | -3.9% |
| 2027 | ~$5,879,748 | ~$5,879,748 | ~1.9488% | ~$114,587 | -7.7% |
| 2028 | ~$5,648,706 | ~$5,648,706 | ~1.9000% | ~$107,326 | -11.3% |
| 2029 | ~$5,426,743 | ~$5,426,743 | ~1.8512% | ~$100,460 | -14.8% |
| 2030 | ~$5,213,501 | ~$5,213,501 | ~1.8024% | ~$93,967 | -18.2% |
In 2025, this property's market value of $6,370,569 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 4× 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 | $6,370,569 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $6,697,098 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $8,044,075 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $7,800,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $8,135,113 | $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.