2616 W BRAKER LN TX
| Owner | NNN REIT LP |
|---|---|
| Parcel ID | 0252080508 |
| Short ID | 547955 |
| Type | Real |
| Use Code | 48 Convenience Store |
| Valuation | Income |
| Improvement SF | 3,337 SF |
| Land SF | 40,000 SF |
| Acres | 0.918 |
| Year Built | 1999 |
| Legal | LOT 2 BLK B BRAKER AT BURNET |
| Neighborhood | 48NOR |
| Land | $4,200,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,200,000 |
| Improvement | $388,826 |
|---|---|
| Total Improvement | $388,826 |
| Market | $4,588,826 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,588,826 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $4,588,826 |
| Taxable Value | $4,588,826 |
|---|
Appreciation: Market value has risen +47.6% from $3,109,879 (2021) to $4,588,826 (2025), a CAGR of 10.2% 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 $93,910. 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 92% of market value ($4,200,000 land vs $388,826 improvements), about $105/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 $4,588,826, 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 +9.2% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $7,471,077 by 2031, with an estimated annual tax burden around $140,736. 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 | 28,000 SF | ✗ |
| 501 | CANOPY | 3,802 SF | ✗ |
| 1ST | 1st Floor | 3,337 SF | ✓ |
| 482 | LIGHT POLES | 6 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% | $42,455.82 | $42,455.82 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $24,046.23 | $24,046.23 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $17,246.87 | $17,246.87 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $5,415.87 | $5,415.87 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4,744.85 | $4,744.85 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $93,909.64 | $93,909.64 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $42,455.82 | 45.2% |
| CAT City of Austin | 0.5240% | $24,046.23 | 25.6% |
| TCO Travis County | 0.3758% | $17,246.87 | 18.4% |
| THD Travis Central Health | 0.1180% | $5,415.87 | 5.8% |
| ACT Austin Community College | 0.1034% | $4,744.85 | 5.1% |
| Total | 2.0465% | $93,909.64 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,820,181 | $4,588,826 | +5.0% |
| Assessed Value | $4,820,181 | $4,588,826 | +5.0% |
| Land Value | $4,200,000 | $4,200,000 | +0.0% |
| Improvement Value | $620,181 | $388,826 | +59.5% |
| Taxable Value | $4,820,181 | $4,588,826 | +5.0% |
| Total Tax 2026 = estimate |
~$98,644
Estimated
|
~$93,910
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $4,820,181 | $4,200,000 | $620,181 | — | $4,820,181 | $4,820,181 | Not yet — post-cert | Preliminary |
| 2025 | $4,588,826 | $4,200,000 | $388,826 | — | $4,588,826 | $4,588,826 | ~$93,910 | Partial |
| 2024 | $4,299,000 | $4,200,000 | $99,000 | — | $4,299,000 | $4,299,000 | $85,198 | Verified |
| 2023 | $4,200,000 | $4,200,000 | — | — | $4,200,000 | $4,200,000 | $75,988 | Verified |
| 2022 | $3,310,257 | $2,800,000 | $510,257 | — | $3,310,257 | $3,310,257 | $65,375 | Verified |
| 2021 | $3,109,879 | $2,600,000 | $509,879 | — | $3,109,879 | $3,109,879 | $67,692 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +5.0% | +5.0% | ~100% | Not available | Partial |
| 2025 | +6.7% | +6.7% | ~100% | Not available | Partial |
| 2024 | +2.4% | +2.4% | ~100% | No billing data | Verified |
| 2023 | +26.9% | +26.9% | ~100% | No billing data | Verified |
| 2022 | +6.4% | +6.4% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +47.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +5.0% | +9.5% | +9.2% | +26.9% | 2023 | +2.4% | 2024 |
| 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 |
$93,910 | $77,633 | ~$122,770 | $93,910 | 2025 | $65,375 | 2022 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$5,261,715 | ~$5,261,715 | ~2.0139% | ~$105,968 | +9.2% |
| 2028 | ~$5,743,694 | ~$5,743,694 | ~1.9814% | ~$113,805 | +19.2% |
| 2029 | ~$6,269,823 | ~$6,269,823 | ~1.9488% | ~$122,189 | +30.1% |
| 2030 | ~$6,844,145 | ~$6,844,145 | ~1.9163% | ~$131,154 | +42.0% |
| 2031 | ~$7,471,077 | ~$7,471,077 | ~1.8837% | ~$140,736 | +55.0% |
| 2027 | ~$5,165,311 | ~$5,165,311 | ~2.0465% | ~$105,707 | +7.2% |
| 2028 | ~$5,535,153 | ~$5,535,153 | ~2.0465% | ~$113,276 | +14.8% |
| 2029 | ~$5,931,477 | ~$5,931,477 | ~2.0465% | ~$121,387 | +23.1% |
| 2030 | ~$6,356,177 | ~$6,356,177 | ~2.0465% | ~$130,078 | +31.9% |
| 2031 | ~$6,811,286 | ~$6,811,286 | ~2.0465% | ~$139,392 | +41.3% |
| 2027 | ~$5,358,119 | ~$5,302,199 | ~1.9977% | ~$105,920 | +11.2% |
| 2028 | ~$5,956,091 | ~$5,832,419 | ~1.9488% | ~$113,664 | +23.6% |
| 2029 | ~$6,620,797 | ~$6,415,661 | ~1.9000% | ~$121,899 | +37.4% |
| 2030 | ~$7,359,685 | ~$7,057,227 | ~1.8512% | ~$130,643 | +52.7% |
| 2031 | ~$8,181,034 | ~$7,762,950 | ~1.8024% | ~$139,917 | +69.7% |
In 2025, this property's market value of $4,588,826 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — 3× 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 | $4,588,826 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $4,299,000 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $4,200,000 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| 2022 | $3,310,257 | $535,964 | $1,190,250 | $2,842,216 | ↑ Top 25% | +3.3% |
| 2021 | $3,109,879 | $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 | — |