2907 S 1 ST TX 78704
| Owner | 2907 S 1ST ST LLC |
|---|---|
| Parcel ID | 0405030658 |
| Short ID | 307288 |
| Type | Real |
| Use Code | 48 Convenience Store |
| Valuation | Income |
| Improvement SF | 2,512 SF |
| Land SF | 14,520 SF |
| Acres | 0.333 |
| Year Built | 2016 |
| Legal | LOT 1-2 BLK A SOUTH PARK SEC 1 |
| Neighborhood | 48CEN |
| Land | $1,887,600 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,887,600 |
| Improvement | $487,400 |
|---|---|
| Total Improvement | $487,400 |
| Market | $2,375,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,375,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,375,000 |
| Taxable Value | $2,375,000 |
|---|
Appreciation: Market value has risen +66.7% from $1,424,960 (2021) to $2,375,000 (2025), a CAGR of 13.6% 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 $48,604. 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 79% of market value ($1,887,600 land vs $487,400 improvements), about $130/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 $2,375,000, 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 +11.6% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $4,249,519 by 2031, with an estimated annual tax burden around $74,655. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 12,250 SF | ✗ |
| 1ST | 1st Floor | 2,512 SF | ✓ |
| 501 | CANOPY | 1,520 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% | $21,973.50 | $21,973.50 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $12,445.40 | $12,445.40 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $8,926.32 | $8,926.32 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,803.05 | $2,803.05 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,455.75 | $2,455.75 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $48,604.02 | $48,604.02 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $21,973.50 | 45.2% |
| CAT City of Austin | 0.5240% | $12,445.40 | 25.6% |
| TCO Travis County | 0.3758% | $8,926.32 | 18.4% |
| THD Travis Central Health | 0.1180% | $2,803.05 | 5.8% |
| ACT Austin Community College | 0.1034% | $2,455.75 | 5.1% |
| Total | 2.0465% | $48,604.02 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,460,771 | $2,375,000 | +3.6% |
| Assessed Value | $2,460,771 | $2,375,000 | +3.6% |
| Land Value | $1,887,600 | $1,887,600 | +0.0% |
| Improvement Value | $573,171 | $487,400 | +17.6% |
| Taxable Value | $2,460,771 | $2,375,000 | +3.6% |
| Total Tax 2026 = estimate |
~$50,359
Estimated
|
~$48,604
Partial
|
ⓘ |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $2,460,771 | $1,887,600 | $573,171 | — | $2,460,771 | $2,460,771 | Not yet — post-cert | Preliminary |
| 2025 | $2,375,000 | $1,887,600 | $487,400 | — | $2,375,000 | $2,375,000 | ~$48,604 | Partial |
| 2024 | $2,375,000 | $1,887,600 | $487,400 | — | $2,375,000 | $2,375,000 | $47,068 | Verified |
| 2023 | $2,300,000 | $1,887,600 | $412,400 | — | $2,300,000 | $2,300,000 | $41,613 | Verified |
| 2022 | $1,420,705 | $1,016,400 | $404,305 | — | $1,420,705 | $1,420,705 | $28,058 | Verified |
| 2021 | $1,424,960 | $1,016,400 | $408,560 | — | $1,424,960 | $1,424,960 | $31,017 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.6% | +3.6% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +3.3% | +3.3% | ~100% | No billing data | Verified |
| 2023 | +61.9% | +61.9% | ~100% | No billing data | Verified |
| 2022 | -0.3% | -0.3% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +66.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +3.6% | +13.7% | +11.5% | +61.9% | 2023 | -0.3% | 2022 |
| 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 |
$48,604 | $39,272 | ~$64,207 | $48,604 | 2025 | $28,058 | 2022 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$2,744,890 | ~$2,706,848 | ~2.0139% | ~$54,514 | +11.5% |
| 2028 | ~$3,061,813 | ~$2,977,533 | ~1.9814% | ~$58,996 | +24.4% |
| 2029 | ~$3,415,327 | ~$3,275,286 | ~1.9488% | ~$63,830 | +38.8% |
| 2030 | ~$3,809,658 | ~$3,602,815 | ~1.9163% | ~$69,040 | +54.8% |
| 2031 | ~$4,249,519 | ~$3,963,096 | ~1.8837% | ~$74,655 | +72.7% |
| 2027 | ~$2,695,674 | ~$2,695,674 | ~2.0465% | ~$55,167 | +9.5% |
| 2028 | ~$2,953,001 | ~$2,953,001 | ~2.0465% | ~$60,433 | +20.0% |
| 2029 | ~$3,234,893 | ~$3,234,893 | ~2.0465% | ~$66,202 | +31.5% |
| 2030 | ~$3,543,693 | ~$3,543,693 | ~2.0465% | ~$72,521 | +44.0% |
| 2031 | ~$3,881,971 | ~$3,881,971 | ~2.0465% | ~$79,444 | +57.8% |
| 2027 | ~$2,794,105 | ~$2,706,848 | ~1.9977% | ~$54,074 | +13.5% |
| 2028 | ~$3,172,593 | ~$2,977,533 | ~1.9488% | ~$58,027 | +28.9% |
| 2029 | ~$3,602,350 | ~$3,275,286 | ~1.9000% | ~$62,231 | +46.4% |
| 2030 | ~$4,090,321 | ~$3,602,815 | ~1.8512% | ~$66,695 | +66.2% |
| 2031 | ~$4,644,393 | ~$3,963,096 | ~1.8024% | ~$71,430 | +88.7% |
In 2025, this property's market value of $2,375,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13595 comparable) — +72% 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 | $2,375,000 | $632,506 | $1,382,921 | $3,258,143 | ↑ Above median | -0.8% |
| 2024 | $2,375,000 | $647,500 | $1,401,787 | $3,362,090 | ↑ Above median | +0.0% |
| 2023 | $2,300,000 | $651,680 | $1,383,015 | $3,277,245 | ↑ Above median | +9.7% |
| 2022 | $1,420,705 | $535,964 | $1,190,250 | $2,842,216 | ↑ Above median | +3.3% |
| 2021 | $1,424,960 | $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 | — |