518 W KOENIG LN TX 78751
| Owner | 7-ELEVEN INC |
|---|---|
| Parcel ID | 0226100309 |
| Short ID | 546222 |
| Type | Real |
| Use Code | 48 Convenience Store |
| Valuation | Income |
| Improvement SF | 2,940 SF |
| Land SF | 44,039 SF |
| Acres | 1.011 |
| Year Built | 2019 |
| Legal | LOT 4B BLK A BUTTERKRUST SUBD RESUB OF LOT 4A AMENDED PLAT OF LOTS 2,3&4 |
| Neighborhood | 48CEN |
| Land | $2,862,535 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,862,535 |
| Improvement | $857,596 |
|---|---|
| Total Improvement | $857,596 |
| Market | $3,720,131 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,720,131 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,720,131 |
| Taxable Value | $3,720,131 |
|---|
Appreciation: Market value has risen +69.8% from $2,190,949 (2021) to $3,720,131 (2025), a CAGR of 14.2% 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 +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 $76,132. 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 77% of market value ($2,862,535 land vs $857,596 improvements), about $65/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $3,720,131, 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 +11.7% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $6,602,679 by 2031, with an estimated annual tax burden around $115,388. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 17,325 SF | ✗ |
| 611 | TERRACE | 3,520 SF | ✗ |
| 501 | CANOPY | 3,240 SF | ✗ |
| 1ST | 1st Floor | 2,940 SF | ✓ |
| 482 | LIGHT POLES | 3 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% | $34,418.65 | $34,418.65 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $19,494.12 | $19,494.12 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $13,981.93 | $13,981.93 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $4,390.61 | $4,390.61 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,846.62 | $3,846.62 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $76,131.93 | $76,131.93 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $34,418.65 | 45.2% |
| CAT City of Austin | 0.5240% | $19,494.12 | 25.6% |
| TCO Travis County | 0.3758% | $13,981.93 | 18.4% |
| THD Travis Central Health | 0.1180% | $4,390.61 | 5.8% |
| ACT Austin Community College | 0.1034% | $3,846.62 | 5.1% |
| Total | 2.0465% | $76,131.93 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,803,437 | $3,720,131 | +2.2% |
| Assessed Value | $3,803,437 | $3,720,131 | +2.2% |
| Land Value | $2,862,535 | $2,862,535 | +0.0% |
| Improvement Value | $940,902 | $857,596 | +9.7% |
| Taxable Value | $3,803,437 | $3,720,131 | +2.2% |
| Total Tax 2026 = estimate |
~$77,837
Estimated
|
~$76,132
Partial
|
ⓘ |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $3,803,437 | $2,862,535 | $940,902 | — | $3,803,437 | $3,803,437 | Not yet — post-cert | Preliminary |
| 2025 | $3,720,131 | $2,862,535 | $857,596 | — | $3,720,131 | $3,720,131 | ~$76,132 | Partial |
| 2024 | $3,674,774 | $2,862,535 | $812,239 | — | $3,674,774 | $3,674,774 | $72,827 | Verified |
| 2023 | $3,577,801 | $2,862,535 | $715,266 | — | $3,577,801 | $3,577,801 | $64,731 | Verified |
| 2022 | $2,699,000 | $2,201,950 | $497,050 | — | $2,699,000 | $2,699,000 | $53,303 | Verified |
| 2021 | $2,190,949 | $1,541,365 | $649,584 | — | $2,190,949 | $2,190,949 | $47,690 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.2% | +2.2% | ~100% | Not available | Partial |
| 2025 | +1.2% | +1.2% | ~100% | Not available | Partial |
| 2024 | +2.7% | +2.7% | ~100% | No billing data | Verified |
| 2023 | +32.6% | +32.6% | ~100% | No billing data | Verified |
| 2022 | +23.2% | +23.2% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +69.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.2% | +12.4% | +11.7% | +32.6% | 2023 | +1.2% | 2025 |
| 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 |
$76,132 | $62,937 | ~$99,241 | $76,132 | 2025 | $47,690 | 2021 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$4,247,027 | ~$4,183,781 | ~2.0139% | ~$84,259 | +11.7% |
| 2028 | ~$4,742,352 | ~$4,602,159 | ~1.9814% | ~$91,187 | +24.7% |
| 2029 | ~$5,295,447 | ~$5,062,375 | ~1.9488% | ~$98,658 | +39.2% |
| 2030 | ~$5,913,048 | ~$5,568,612 | ~1.9163% | ~$106,711 | +55.5% |
| 2031 | ~$6,602,679 | ~$6,125,473 | ~1.8837% | ~$115,388 | +73.6% |
| 2027 | ~$4,170,958 | ~$4,170,958 | ~2.0465% | ~$85,358 | +9.7% |
| 2028 | ~$4,573,993 | ~$4,573,993 | ~2.0465% | ~$93,606 | +20.3% |
| 2029 | ~$5,015,972 | ~$5,015,972 | ~2.0465% | ~$102,651 | +31.9% |
| 2030 | ~$5,500,658 | ~$5,500,658 | ~2.0465% | ~$112,570 | +44.6% |
| 2031 | ~$6,032,180 | ~$6,032,180 | ~2.0465% | ~$123,448 | +58.6% |
| 2027 | ~$4,323,096 | ~$4,183,781 | ~1.9977% | ~$83,578 | +13.7% |
| 2028 | ~$4,913,755 | ~$4,602,159 | ~1.9488% | ~$89,689 | +29.2% |
| 2029 | ~$5,585,115 | ~$5,062,375 | ~1.9000% | ~$96,186 | +46.8% |
| 2030 | ~$6,348,202 | ~$5,568,612 | ~1.8512% | ~$103,086 | +66.9% |
| 2031 | ~$7,215,548 | ~$6,125,473 | ~1.8024% | ~$110,404 | +89.7% |
In 2025, this property's market value of $3,720,131 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — +169% above 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 | $3,720,131 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $3,674,774 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $3,577,801 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| 2022 | $2,699,000 | $535,964 | $1,190,250 | $2,842,216 | ↑ Above median | +3.3% |
| 2021 | $2,190,949 | $538,645 | $1,173,514 | $2,782,974 | ↑ Above median | 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 | — |