701 N INTERSTATE HY 35 TX 78702
| Owner | THOMAS PETROLEUM LTD |
|---|---|
| Parcel ID | 0206050229 |
| Short ID | 194711 |
| Type | Real |
| Use Code | 48 Convenience Store |
| Valuation | Income |
| Improvement SF | 1,512 SF |
| Land SF | 15,710 SF |
| Acres | 0.361 |
| Year Built | 1965 |
| Legal | LOT 12-13 & E 37FT OF LOT 14 LESS NW TRI BLK 4 OLT 1 DIV B ROBERTSON S & L M SOUTH PART |
| Neighborhood | 48CEN |
| Land | $3,142,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,142,000 |
| Improvement | $208,420 |
|---|---|
| Total Improvement | $208,420 |
| Market | $3,350,420 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,350,420 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,350,420 |
| Taxable Value | $3,350,420 |
|---|
Appreciation: Market value has risen +35.8% from $2,466,416 (2021) to $3,350,420 (2025), a CAGR of 8.0% over 4 years. This represents moderate, steady growth. 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 +24.1%, 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 $68,566. 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 94% of market value ($3,142,000 land vs $208,420 improvements), about $200/SF of land. With value concentrated in the land under a ~61-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 $3,350,420, this parcel sits in the top quartile (≥75th percentile) of Commercial property in Travis County — county median $1,417,484 (P25 $649,268 / P75 $3,347,260, n=13,608). 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 +8.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,913,494 by 2030, with an estimated annual tax burden around $92,558. 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 | 10,000 SF | ✗ |
| 501 | CANOPY | 1,920 SF | ✗ |
| 1ST | 1st Floor | 1,512 SF | ✓ |
| 541 | FENCE COMM LF | 50 SF | ✗ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 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% | $30,998.09 | $30,998.09 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $17,556.77 | $17,556.77 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $12,592.39 | $12,592.39 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,954.27 | $3,954.27 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,464.33 | $3,464.33 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $68,565.85 | $68,565.85 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,351,919 | $3,350,420 | +0.0% |
| Assessed Value | $3,351,919 | $3,350,420 | +0.0% |
| Land Value | $3,142,000 | $3,142,000 | +0.0% |
| Improvement Value | $209,919 | $208,420 | +0.7% |
| Taxable Value | $3,351,919 | $3,350,420 | +0.0% |
| Total Tax 2026 = estimate |
~$68,597
Estimated
|
~$68,566
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,359,546 | $3,351,919 | -7,627 (-0.2%) |
| Taxable Value | $3,359,546 | $3,351,919 | -7,627 (-0.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,351,919 | $3,142,000 | $209,919 | — | $3,351,919 | $3,351,919 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,350,420 | $3,142,000 | $208,420 | — | $3,350,420 | $3,350,420 | ~$68,566 | Partial |
| 2024 | $3,118,720 | — | — | — | $3,142,000 ! | $— | $65,981 | Verified |
| 2023 | $2,885,000 | — | — | — | $3,118,720 ! | $— | $56,425 | Verified |
| 2022 | $2,469,394 | — | — | — | $2,827,800 ! | $— | $56,977 | Verified |
| 2021 | $2,466,416 | — | — | −$109,916 | $2,356,500 | $— | $53,751 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.3% | +0.3% | ~100% | Not available | Partial |
| 2025 | +0.6% | +0.6% | ~100% | Not available | Partial |
| 2024 | +6.8% | +6.8% | ~100% | 1.9800% | Verified |
| 2023 | +8.1% | +8.1% | ~100% | 1.8100% | Verified |
| 2022 | +16.8% | +16.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +35.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +6.5% | +7.9% | +16.8% | 2023 | +0.0% | 2026 |
| Assessment Ratio | 100.0% | 103.1% | — | 114.5% | 2022 | 95.5% | 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 |
$68,566 | $60,340 | ~$82,430 | $68,566 | 2025 | $53,751 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,617,075 | ~$3,617,075 | ~2.0139% | ~$72,846 | +8.0% |
| 2027 | ~$3,904,952 | ~$3,904,952 | ~1.9814% | ~$77,372 | +16.6% |
| 2028 | ~$4,215,741 | ~$4,215,741 | ~1.9488% | ~$82,158 | +25.8% |
| 2029 | ~$4,551,266 | ~$4,551,266 | ~1.9163% | ~$87,216 | +35.8% |
| 2030 | ~$4,913,494 | ~$4,913,494 | ~1.8837% | ~$92,558 | +46.7% |
| 2026 | ~$3,550,066 | ~$3,550,066 | ~2.0465% | ~$72,652 | +6.0% |
| 2027 | ~$3,761,609 | ~$3,761,609 | ~2.0465% | ~$76,981 | +12.3% |
| 2028 | ~$3,985,758 | ~$3,985,758 | ~2.0465% | ~$81,568 | +19.0% |
| 2029 | ~$4,223,263 | ~$4,223,263 | ~2.0465% | ~$86,428 | +26.1% |
| 2030 | ~$4,474,921 | ~$4,474,921 | ~2.0465% | ~$91,579 | +33.6% |
| 2026 | ~$3,684,083 | ~$3,684,083 | ~1.9977% | ~$73,596 | +10.0% |
| 2027 | ~$4,050,975 | ~$4,050,975 | ~1.9488% | ~$78,947 | +20.9% |
| 2028 | ~$4,454,406 | ~$4,454,406 | ~1.9000% | ~$84,634 | +33.0% |
| 2029 | ~$4,898,013 | ~$4,898,013 | ~1.8512% | ~$90,672 | +46.2% |
| 2030 | ~$5,385,799 | ~$5,385,799 | ~1.8024% | ~$97,072 | +60.7% |
In 2025, this property's market value of $3,350,420 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — +136% above the county median of $1,417,484. 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 | $3,350,420 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $3,118,720 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,885,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,469,394 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,466,416 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above median | base yr |
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.