3400 GREYSTONE DR TX 78731
| Owner | PANJWANI PROPERTIES LTD |
|---|---|
| Parcel ID | 0239010302 |
| Short ID | 242226 |
| Type | Real |
| Use Code | 48 Convenience Store |
| Valuation | Income |
| Improvement SF | 1,056 SF |
| Land SF | 30,814 SF |
| Acres | 0.707 |
| Year Built | 1986 |
| Legal | LOT 1 RESUB OF LOT 1 BLK B SHADOW PARK |
| Neighborhood | 48NWE |
| Land | $1,540,700 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,540,700 |
| Improvement | $585,966 |
|---|---|
| Total Improvement | $585,966 |
| Market | $2,126,666 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,126,666 |
| Value Limitation Adjustment (−) (homestead cap) | −$110,666 |
| Net Appraised (assessed) | $2,016,000 |
| Taxable Value | $2,016,000 |
|---|
Appreciation: Market value has risen +102.9% from $1,047,989 (2021) to $2,126,666 (2025), a CAGR of 19.4% 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 $41,257. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($2,016,000) is $110,666 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 72% of market value ($1,540,700 land vs $585,966 improvements), about $50/SF of land. With value concentrated in the land under a ~40-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 $2,126,666, this parcel sits in the upper-middle (50th–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 +12.5% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $3,389,917 by 2031, with an estimated annual tax burden around $57,182. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 14,000 SF | ✗ |
| 501 | CANOPY | 4,320 SF | ✗ |
| 1ST | 1st Floor | 1,056 SF | ✓ |
| 403 | CARWASH DRIVE-THRU | 656 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% | $18,652.03 | $18,652.03 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $10,564.18 | $10,564.18 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,577.04 | $7,577.04 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,379.34 | $2,379.34 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,084.54 | $2,084.54 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $41,257.13 | $41,257.13 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $18,652.03 | 45.2% |
| CAT City of Austin | 0.5240% | $10,564.18 | 25.6% |
| TCO Travis County | 0.3758% | $7,577.04 | 18.4% |
| THD Travis Central Health | 0.1180% | $2,379.34 | 5.8% |
| ACT Austin Community College | 0.1034% | $2,084.54 | 5.1% |
| Total | 2.0465% | $41,257.13 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,884,833 | $2,126,666 | -11.4% |
| Assessed Value | $1,884,833 | $2,016,000 | -6.5% |
| Land Value | $1,540,700 | $1,540,700 | +0.0% |
| Improvement Value | $344,133 | $585,966 | -41.3% |
| Taxable Value | $1,884,833 | $2,016,000 | -6.5% |
| Total Tax 2026 = estimate |
~$38,573
Estimated
|
~$41,257
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,884,833 | $1,540,700 | $344,133 | — | $1,884,833 | $1,884,833 | Not yet — post-cert | Preliminary |
| 2025 | $2,126,666 | $1,540,700 | $585,966 | −$110,666 | $2,016,000 | $2,016,000 | ~$41,257 | Partial |
| 2024 | $1,858,028 | $1,540,700 | $317,328 | −$178,028 | $1,680,000 | $1,680,000 | $33,294 | Verified |
| 2023 | $1,400,000 | $1,078,490 | $321,510 | — | $1,400,000 | $1,400,000 | $25,329 | Verified |
| 2022 | $1,196,177 | $924,420 | $271,757 | — | $1,196,177 | $1,196,177 | $22,764 | Verified |
| 2021 | $1,047,989 | $770,350 | $277,639 | — | $1,047,989 | $1,047,989 | $22,811 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -11.4% | -6.5% | ~100% | Not available | Partial |
| 2025 | +14.5% | +20.0% | 94.8% | Not available | Partial |
| 2024 | +32.7% | +20.0% | 90.4% | No billing data | Verified |
| 2023 | +17.0% | +17.0% | ~100% | No billing data | Verified |
| 2022 | +14.1% | +14.1% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +102.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -11.4% | +13.4% | +12.5% | +32.7% | 2024 | -11.4% | 2026 |
| Assessment Ratio | 100.0% | 97.5% | — | 100.0% | 2021 | 90.4% | 2024 |
| Effective Tax Rate (2025) | 1.9400% | 1.9400% | — | 1.9400% | 2025 | 1.9400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$41,257 | $29,091 | ~$49,180 | $41,257 | 2025 | $22,764 | 2022 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$2,119,611 | ~$2,073,316 | ~2.0139% | ~$41,755 | +12.5% |
| 2028 | ~$2,383,633 | ~$2,280,648 | ~1.9814% | ~$45,188 | +26.5% |
| 2029 | ~$2,680,542 | ~$2,508,713 | ~1.9488% | ~$48,891 | +42.2% |
| 2030 | ~$3,014,434 | ~$2,759,584 | ~1.9163% | ~$52,882 | +59.9% |
| 2031 | ~$3,389,917 | ~$3,035,542 | ~1.8837% | ~$57,182 | +79.9% |
| 2027 | ~$2,081,914 | ~$2,073,316 | ~2.0465% | ~$42,430 | +10.5% |
| 2028 | ~$2,299,602 | ~$2,280,648 | ~2.0465% | ~$46,673 | +22.0% |
| 2029 | ~$2,540,052 | ~$2,508,713 | ~2.0465% | ~$51,340 | +34.8% |
| 2030 | ~$2,805,644 | ~$2,759,584 | ~2.0465% | ~$56,474 | +48.9% |
| 2031 | ~$3,099,006 | ~$3,035,542 | ~2.0465% | ~$62,122 | +64.4% |
| 2027 | ~$2,157,307 | ~$2,073,316 | ~1.9977% | ~$41,418 | +14.5% |
| 2028 | ~$2,469,171 | ~$2,280,648 | ~1.9488% | ~$44,446 | +31.0% |
| 2029 | ~$2,826,118 | ~$2,508,713 | ~1.9000% | ~$47,666 | +49.9% |
| 2030 | ~$3,234,666 | ~$2,759,584 | ~1.8512% | ~$51,085 | +71.6% |
| 2031 | ~$3,702,275 | ~$3,035,542 | ~1.8024% | ~$54,712 | +96.4% |
In 2025, this property's market value of $2,126,666 places it in the 50th–75th percentile for Commercial properties in Travis County (13595 comparable) — +54% 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 | $2,126,666 | $632,506 | $1,382,921 | $3,258,143 | ↑ Above median | -0.8% |
| 2024 | $1,858,028 | $647,500 | $1,401,787 | $3,362,090 | ↑ Above median | +0.0% |
| 2023 | $1,400,000 | $651,680 | $1,383,015 | $3,277,245 | ↑ Above median | +9.7% |
| 2022 | $1,196,177 | $535,964 | $1,190,250 | $2,842,216 | ↑ Above median | +3.3% |
| 2021 | $1,047,989 | $538,645 | $1,173,514 | $2,782,974 | ↓ Below 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 | — |