411 W M L KING JR BLVD TX 78701
| Owner | 7567 GREENVILLE ASSOCIATES LLD |
|---|---|
| Parcel ID | 0210021802 |
| Short ID | 199821 |
| Type | Real |
| Use Code | 48 Convenience Store |
| Valuation | Income |
| Improvement SF | 4,900 SF |
| Land SF | 19,358 SF |
| Acres | 0.444 |
| Year Built | 1985 |
| Legal | 0.4444 AC OF OLT 34 DIVISION E |
| Neighborhood | 30CEN |
| Land | $9,679,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $9,679,000 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $7,500,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $7,500,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $7,500,000 |
| Taxable Value | $7,500,000 |
|---|
Appreciation: Market value has risen +146.9% from $3,037,714 (2021) to $7,500,000 (2025), a CAGR of 25.4% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), 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 +17.8%, 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 $153,486. 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 129% of market value ($9,679,000 land vs $0 improvements), about $500/SF of land. With value concentrated in the land under a ~41-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 $7,500,000, this parcel sits in the top quartile (≥75th percentile) of Commercial property in Travis County — county median $1,382,921 (P25 $632,506 / P75 $3,258,143, n=13,595). 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 +10.6% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $8,342,147 by 2031, with an estimated annual tax burden around $152,720. 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 | 13,565 SF | ✗ |
| 1ST | 1st Floor | 4,900 SF | ✓ |
| 501 | CANOPY | 624 SF | ✗ |
| 611 | TERRACE | 604 SF | ✗ |
| 541 | FENCE COMM LF | 142 SF | ✗ |
| 482 | LIGHT POLES | 2 SF | ✓ |
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.
| 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% | $69,390.00 | $69,390.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $39,301.28 | $39,301.28 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $28,188.38 | $28,188.38 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $8,851.73 | $8,851.73 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $7,755.00 | $7,755.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $153,486.39 | $153,486.39 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $69,390.00 | 45.2% |
| CAT City of Austin | 0.5240% | $39,301.28 | 25.6% |
| TCO Travis County | 0.3758% | $28,188.38 | 18.4% |
| THD Travis Central Health | 0.1180% | $8,851.73 | 5.8% |
| ACT Austin Community College | 0.1034% | $7,755.00 | 5.1% |
| Total | 2.0465% | $153,486.39 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $5,033,990 | $7,500,000 | -32.9% |
| Assessed Value | $5,033,990 | $7,500,000 | -32.9% |
| Land Value | $4,839,500 | $9,679,000 | -50.0% |
| Improvement Value | $194,490 | — | — |
| Taxable Value | $5,033,990 | $7,500,000 | -32.9% |
| Total Tax 2026 = estimate |
~$103,020
Estimated
|
~$153,486
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $5,033,990 | $4,839,500 | $194,490 | — | $5,033,990 | $5,033,990 | Not yet — post-cert | Preliminary |
| 2025 | $7,500,000 | $9,679,000 | — | — | $7,500,000 | $7,500,000 | ~$153,486 | Partial |
| 2024 | $9,861,240 | $9,679,000 | $182,240 | — | $9,861,240 | $9,861,240 | $148,636 | Verified |
| 2023 | $7,400,000 | $9,679,000 | — | — | $7,400,000 | $7,400,000 | $133,884 | Verified |
| 2022 | $3,039,224 | $2,903,700 | $135,524 | — | $3,039,224 | $3,039,224 | $60,022 | Verified |
| 2021 | $3,037,714 | $2,903,700 | $134,014 | — | $3,037,714 | $3,037,714 | $66,121 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -32.9% | -32.9% | ~100% | Not available | Partial |
| 2025 | -23.9% | -23.9% | ~100% | Not available | Partial |
| 2024 | +33.3% | +33.3% | ~100% | No billing data | Verified |
| 2023 | +143.5% ! | +143.5% | ~100% | No billing data | Verified |
| 2022 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +146.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -32.9% | +24.0% | +10.6% | +143.5% | 2023 | -32.9% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 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 |
$153,486 | $112,430 | ~$131,348 | $153,486 | 2025 | $60,022 | 2022 |
Market value changed by 143% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$5,569,105 | ~$5,537,389 | ~2.0139% | ~$111,519 | +10.6% |
| 2028 | ~$6,161,104 | ~$6,091,128 | ~1.9814% | ~$120,689 | +22.4% |
| 2029 | ~$6,816,032 | ~$6,700,241 | ~1.9488% | ~$130,577 | +35.4% |
| 2030 | ~$7,540,579 | ~$7,370,265 | ~1.9163% | ~$141,236 | +49.8% |
| 2031 | ~$8,342,147 | ~$8,107,291 | ~1.8837% | ~$152,720 | +65.7% |
| 2027 | ~$5,468,426 | ~$5,468,426 | ~2.0465% | ~$111,911 | +8.6% |
| 2028 | ~$5,940,353 | ~$5,940,353 | ~2.0465% | ~$121,568 | +18.0% |
| 2029 | ~$6,453,009 | ~$6,453,009 | ~2.0465% | ~$132,060 | +28.2% |
| 2030 | ~$7,009,906 | ~$7,009,906 | ~2.0465% | ~$143,457 | +39.3% |
| 2031 | ~$7,614,864 | ~$7,614,864 | ~2.0465% | ~$155,837 | +51.3% |
| 2027 | ~$5,669,785 | ~$5,537,389 | ~1.9977% | ~$110,618 | +12.6% |
| 2028 | ~$6,385,882 | ~$6,091,128 | ~1.9488% | ~$118,706 | +26.9% |
| 2029 | ~$7,192,422 | ~$6,700,241 | ~1.9000% | ~$127,306 | +42.9% |
| 2030 | ~$8,100,828 | ~$7,370,265 | ~1.8512% | ~$136,438 | +60.9% |
| 2031 | ~$9,123,966 | ~$8,107,291 | ~1.8024% | ~$146,123 | +81.2% |
In 2025, this property's market value of $7,500,000 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — 5× the county median of $1,382,921. 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 | $7,500,000 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $9,861,240 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $7,400,000 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| 2022 | $3,039,224 | $535,964 | $1,190,250 | $2,842,216 | ↑ Top 25% | +3.3% |
| 2021 | $3,037,714 | $538,645 | $1,173,514 | $2,782,974 | ↑ Top 25% | base yr |
| Source | What it provides | Coverage for this parcel | Confidence |
|---|---|---|---|
| TCAD Certified Appraisal Roll ↗ | Market, assessed, and taxable value; land/improvement split; exemptions | 2025 | Certified |
| Texas Comptroller Annual Jurisdiction Roll (AJR) | Prior-year market and taxable value | 2021–2024 | Verified |
| TCAD Preliminary Export ↗ | First-look 2026 appraisal value, subject to change at certification | 2026 (exported June 9, 2026; certifies July 25, 2026) | Preliminary |
| Travis County Rates History ↗ | Adopted tax rate for each of this parcel's taxing entities | 1990–2025 | Verified |
| TaxCurOpenData | Current-year (2025) tax billing, by taxing entity | 2025 | Partial |
| PIR bulk billing export | Prior-year tax billing, Travis County Tax Office | 2021, 2022, 2023, 2024 | Verified |
| Satellite imagery (Esri World Imagery) | Aerial view of the parcel | Located by geocoding this parcel's address — may not resolve for every address | — |