2400 S CONGRESS AVE TX 78704
| Owner | HEB LP |
|---|---|
| Parcel ID | 0404020444 |
| Short ID | 305585 |
| Type | Real |
| Use Code | 44 Grocery Store |
| Valuation | Income |
| Improvement SF | 143,385 SF |
| Land SF | 330,811 SF |
| Acres | 7.594 |
| Year Built | 2023 |
| Legal | 7.5944 AC OF LOT 1&2 BLK A HEB/CONGRESS & OLTORF SUBD NO 2 |
| Neighborhood | 44CEN |
| Land | $28,426,575 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $28,426,575 |
| Improvement | $1,179,911 |
|---|---|
| Total Improvement | $1,179,911 |
| Market | $29,606,486 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $29,606,486 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $29,606,486 |
| Taxable Value | $29,606,486 |
|---|
Appreciation: Market value has risen +40.5% from $21,072,000 (2021) to $29,606,486 (2025), a CAGR of 8.9% 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 $605,892. 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 96% of market value ($28,426,575 land vs $1,179,911 improvements), about $86/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 $29,606,486, 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 +7.7% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $44,251,368 by 2031, with an estimated annual tax burden around $833,582. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 143,385 SF | ✓ |
| 387 | PARKING GAR UNDR | 143,385 SF | ✓ |
| 276 | ELEVATOR COM PAS | 4 SF | ✓ |
| 277 | ESCALATOR | 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% | $273,919.21 | $273,919.21 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $155,143.02 | $155,143.02 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $111,274.50 | $111,274.50 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $34,942.46 | $34,942.46 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $30,613.11 | $30,613.11 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $605,892.30 | $605,892.30 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $273,919.21 | 45.2% |
| CAT City of Austin | 0.5240% | $155,143.02 | 25.6% |
| TCO Travis County | 0.3758% | $111,274.50 | 18.4% |
| THD Travis Central Health | 0.1180% | $34,942.46 | 5.8% |
| ACT Austin Community College | 0.1034% | $30,613.11 | 5.1% |
| Total | 2.0465% | $605,892.30 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $30,536,287 | $29,606,486 | +3.1% |
| Assessed Value | $30,536,287 | $29,606,486 | +3.1% |
| Land Value | $28,426,575 | $28,426,575 | +0.0% |
| Improvement Value | $2,109,712 | $1,179,911 | +78.8% |
| Taxable Value | $30,536,287 | $29,606,486 | +3.1% |
| Total Tax 2026 = estimate |
~$624,921
Estimated
|
~$605,892
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $30,536,287 | $28,426,575 | $2,109,712 | — | $30,536,287 | $30,536,287 | Not yet — post-cert | Preliminary |
| 2025 | $29,606,486 | $28,426,575 | $1,179,911 | — | $29,606,486 | $29,606,486 | ~$605,892 | Partial |
| 2024 | $40,000,000 | $37,902,100 | $2,097,900 | — | $40,000,000 | $40,000,000 | $755,115 | Verified |
| 2023 | $30,000,000 | $40,270,981 | — | — | $30,000,000 | $30,000,000 | $491,455 | Verified |
| 2022 | $19,768,267 | $21,477,856 | — | — | $19,768,267 | $19,768,267 | $390,408 | Verified |
| 2021 | $21,072,000 | $19,768,287 | $1,303,713 | — | $21,072,000 | $21,072,000 | $431,658 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.1% | +3.1% | ~100% | Not available | Partial |
| 2025 | -26.0% | -26.0% | ~100% | Not available | Partial |
| 2024 | +33.3% | +33.3% | ~100% | No billing data | Verified |
| 2023 | +51.8% | +51.8% | ~100% | No billing data | Verified |
| 2022 | -6.2% | -6.2% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +40.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +3.1% | +11.2% | +7.7% | +51.8% | 2023 | -26.0% | 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 |
$605,892 | $534,906 | ~$745,713 | $755,115 | 2024 | $390,408 | 2022 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$32,888,065 | ~$32,888,065 | ~2.0139% | ~$662,345 | +7.7% |
| 2028 | ~$35,420,967 | ~$35,420,967 | ~1.9814% | ~$701,827 | +16.0% |
| 2029 | ~$38,148,943 | ~$38,148,943 | ~1.9488% | ~$743,462 | +24.9% |
| 2030 | ~$41,087,016 | ~$41,087,016 | ~1.9163% | ~$787,347 | +34.6% |
| 2031 | ~$44,251,368 | ~$44,251,368 | ~1.8837% | ~$833,582 | +44.9% |
| 2027 | ~$32,277,339 | ~$32,277,339 | ~2.0465% | ~$660,551 | +5.7% |
| 2028 | ~$34,117,659 | ~$34,117,659 | ~2.0465% | ~$698,213 | +11.7% |
| 2029 | ~$36,062,907 | ~$36,062,907 | ~2.0465% | ~$738,022 | +18.1% |
| 2030 | ~$38,119,064 | ~$38,119,064 | ~2.0465% | ~$780,101 | +24.8% |
| 2031 | ~$40,292,455 | ~$40,292,455 | ~2.0465% | ~$824,579 | +31.9% |
| 2027 | ~$33,498,791 | ~$33,498,791 | ~1.9977% | ~$669,193 | +9.7% |
| 2028 | ~$36,748,704 | ~$36,748,704 | ~1.9488% | ~$716,173 | +20.3% |
| 2029 | ~$40,313,911 | ~$40,313,911 | ~1.9000% | ~$765,971 | +32.0% |
| 2030 | ~$44,225,000 | ~$44,225,000 | ~1.8512% | ~$818,691 | +44.8% |
| 2031 | ~$48,515,525 | ~$48,515,525 | ~1.8024% | ~$874,430 | +58.9% |
In 2025, this property's market value of $29,606,486 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — 21× 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 | $29,606,486 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $40,000,000 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $30,000,000 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| 2022 | $19,768,267 | $535,964 | $1,190,250 | $2,842,216 | ↑ Top 25% | +3.3% |
| 2021 | $21,072,000 | $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 | — |