1002 S PACE BEND RD TX 78669
| Owner | KB FAMILY INC |
|---|---|
| Parcel ID | 0554030301 |
| Short ID | 356579 |
| Type | Real |
| Use Code | 48 Convenience Store |
| Valuation | Income |
| Improvement SF | 2,460 SF |
| Land SF | 43,478 SF |
| Acres | 0.998 |
| Year Built | 1975 |
| Legal | LOT 3 MANSELL ROBERT E SUBD |
| Neighborhood | 48SWE |
| Land | $97,826 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $97,826 |
| Improvement | $320,537 |
|---|---|
| Total Improvement | $320,537 |
| Market | $418,363 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $418,363 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $418,363 |
| Taxable Value | $418,363 |
|---|
Appreciation: Market value has risen +29.8% from $322,357 (2021) to $418,363 (2025), a CAGR of 6.7% over 4 years. This represents moderate, steady growth. 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 1.7041% in 2025 (+0.0281% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $7,129. Lake Travis ISD is the largest single contributor, at 61.0% 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 23% of market value ($97,826 land vs $320,537 improvements), about $2/SF of land. Most value sits in the improvements, so building condition, age (~51 yrs), and rent roll drive the underwriting.
Submarket Position: At $418,363, this parcel sits in the bottom quartile (<25th 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 +6.3% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $592,306 by 2031, with an estimated annual tax burden around $8,759. 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 | 15,000 SF | ✗ |
| 1ST | 1st Floor | 2,460 SF | ✓ |
| 501 | CANOPY | 1,668 SF | ✗ |
| 611 | TERRACE | 420 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 |
|---|---|---|---|---|---|---|---|---|---|
| ILT Lake Travis ISD | 1.2301% | 1.2121% | 1.0741% | 1.0656% | 1.0397% | -0.0259% | $4,028.82 | $4,028.82 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,456.39 | $1,456.39 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $457.34 | $457.34 | Paid |
| E08 Travis County ESD # 08 | 0.0970% | 0.0790% | 0.0810% | 0.0830% | 0.0930% | +0.0100% | $360.43 | $360.43 | Paid |
| E16 Travis County ESD # 16 | 0.0880% | 0.0740% | 0.0730% | 0.0750% | 0.0775% | +0.0025% | $300.31 | $300.31 | Paid |
| Combined Rate | 1.8843% | 1.7820% | 1.6334% | 1.6760% | 1.7041% | +0.0281% | $6,603.29 | $6,603.29 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| ILT Lake Travis ISD | 1.0397% | $4,028.82 | 61.0% |
| TCO Travis County | 0.3758% | $1,456.39 | 22.1% |
| THD Travis Central Health | 0.1180% | $457.34 | 6.9% |
| E08 Travis County ESD # 08 | 0.0930% | $360.43 | 5.5% |
| E16 Travis County ESD # 16 | 0.0775% | $300.31 | 4.5% |
| Total | 1.7041% | $6,603.29 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $436,960 | $418,363 | +4.4% |
| Assessed Value | $436,960 | $418,363 | +4.4% |
| Land Value | $97,826 | $97,826 | +0.0% |
| Improvement Value | $339,134 | $320,537 | +5.8% |
| Taxable Value | $436,960 | $418,363 | +4.4% |
| Total Tax 2026 = estimate |
~$7,446
Estimated
|
~$6,603
Partial
|
ⓘ |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $436,960 | $97,826 | $339,134 | — | $436,960 | $436,960 | Not yet — post-cert | Preliminary |
| 2025 | $418,363 | $97,826 | $320,537 | — | $418,363 | $418,363 | ~$6,603 | Partial |
| 2024 | $416,665 | $97,826 | $318,839 | — | $416,665 | $416,665 | $6,495 | Verified |
| 2023 | $420,983 | $97,826 | $323,157 | — | $420,983 | $420,983 | $6,207 | Verified |
| 2022 | $322,339 | $97,826 | $224,513 | — | $322,339 | $322,339 | $5,524 | Verified |
| 2021 | $322,357 | $97,826 | $224,531 | — | $322,357 | $322,357 | $5,981 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.4% | +4.4% | ~100% | Not available | Partial |
| 2025 | +0.4% | +0.4% | ~100% | Not available | Partial |
| 2024 | -1.0% | -1.0% | ~100% | No billing data | Verified |
| 2023 | +30.6% | +30.6% | ~100% | No billing data | Verified |
| 2022 | -0.0% | -0.0% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +29.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +4.4% | +6.9% | +6.3% | +30.6% | 2023 | -1.0% | 2024 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.5800% | 1.5800% | — | 1.5800% | 2025 | 1.5800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$6,603 | $6,162 | ~$8,230 | $6,603 | 2025 | $5,524 | 2022 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$464,368 | ~$464,368 | ~1.6590% | ~$7,704 | +6.3% |
| 2028 | ~$493,496 | ~$493,496 | ~1.6140% | ~$7,965 | +12.9% |
| 2029 | ~$524,450 | ~$524,450 | ~1.5689% | ~$8,228 | +20.0% |
| 2030 | ~$557,347 | ~$557,347 | ~1.5239% | ~$8,493 | +27.6% |
| 2031 | ~$592,306 | ~$592,306 | ~1.4788% | ~$8,759 | +35.6% |
| 2027 | ~$455,629 | ~$455,629 | ~1.7041% | ~$7,764 | +4.3% |
| 2028 | ~$475,096 | ~$475,096 | ~1.7041% | ~$8,096 | +8.7% |
| 2029 | ~$495,394 | ~$495,394 | ~1.7041% | ~$8,442 | +13.4% |
| 2030 | ~$516,560 | ~$516,560 | ~1.7041% | ~$8,803 | +18.2% |
| 2031 | ~$538,630 | ~$538,630 | ~1.7041% | ~$9,179 | +23.3% |
| 2027 | ~$473,108 | ~$473,108 | ~1.6365% | ~$7,742 | +8.3% |
| 2028 | ~$512,245 | ~$512,245 | ~1.5689% | ~$8,037 | +17.2% |
| 2029 | ~$554,621 | ~$554,621 | ~1.5014% | ~$8,327 | +26.9% |
| 2030 | ~$600,502 | ~$600,502 | ~1.4338% | ~$8,610 | +37.4% |
| 2031 | ~$650,178 | ~$650,178 | ~1.3662% | ~$8,883 | +48.8% |
In 2025, this property's market value of $418,363 places it in the bottom 25% for Commercial properties in Travis County (13595 comparable) — -70% below 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 | $418,363 | $632,506 | $1,382,921 | $3,258,143 | ↓ Bottom 25% | -0.8% |
| 2024 | $416,665 | $647,500 | $1,401,787 | $3,362,090 | ↓ Bottom 25% | +0.0% |
| 2023 | $420,983 | $651,680 | $1,383,015 | $3,277,245 | ↓ Bottom 25% | +9.7% |
| 2022 | $322,339 | $535,964 | $1,190,250 | $2,842,216 | ↓ Bottom 25% | +3.3% |
| 2021 | $322,357 | $538,645 | $1,173,514 | $2,782,974 | ↓ Bottom 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 | — |