1149 AIRPORT BLVD AUSTIN, TX 78702
| Owner | SRK BUSINESS INC |
|---|---|
| Parcel ID | 0207160225 |
| Short ID | 196041 |
| Type | Real |
| Use Code | 48 Convenience Store |
| Valuation | Income |
| Improvement SF | 2,542 SF |
| Land SF | 15,000 SF |
| Acres | 0.344 |
| Year Built | 1964 |
| Legal | LOT 2 OLT 58 DIV A HIRSH ARRAH NEAL SUBD |
| Neighborhood | 48CEN |
| Land | $1,200,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,200,000 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,200,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,200,000 |
| Value Limitation Adjustment (−) (homestead cap) | −$192,000 |
| Net Appraised (assessed) | $1,008,000 |
| Taxable Value | $1,008,000 |
|---|
Appreciation: Market value has risen +74.6% from $687,224 (2021) to $1,200,000 (2025), a CAGR of 15.0% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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 +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 $20,629. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($1,008,000) is $192,000 below market value, suggesting potential for an upward assessment in future years.
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 100% of market value ($1,200,000 land vs $0 improvements), about $80/SF of land. With value concentrated in the land under a ~62-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 $1,200,000, this parcel sits in the lower-middle (25th–50th 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 +14.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,408,712 by 2030, with an estimated annual tax burden around $30,581. 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 | 9,630 SF | ✗ |
| 1ST | 1st Floor | 2,542 SF | ✓ |
| 501 | CANOPY | 958 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 48 SF | ✗ |
Market value changed by 130% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $9,326.02 | $9,326.02 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,282.09 | $5,282.09 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,788.52 | $3,788.52 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,189.67 | $1,189.67 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,042.27 | $1,042.27 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $20,628.57 | $20,628.57 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,200,000 | $1,200,000 | +0.0% |
| Assessed Value | $1,200,000 | $1,008,000 | +19.0% |
| Land Value | $1,200,000 | $1,200,000 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $1,200,000 | $1,008,000 | +19.0% |
| Total Tax 2026 = estimate |
~$24,558
Estimated
|
~$20,629
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,447,195 | $1,200,000 | -247,195 (-17.1%) |
| Taxable Value | $1,209,600 | $1,200,000 | -9,600 (-0.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,200,000 | $1,200,000 | — | — | $1,200,000 | $1,200,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,200,000 | $1,200,000 | — | −$192,000 | $1,008,000 | $1,008,000 | ~$20,629 | Partial |
| 2024 | $700,000 | — | — | — | $1,000,000 ! | $— | $16,647 | Verified |
| 2023 | $667,556 | — | — | — | $1,350,000 ! | $— | $12,665 | Verified |
| 2022 | $689,877 | — | — | −$164,877 | $525,000 | $— | $13,184 | Verified |
| 2021 | $687,224 | — | — | −$162,224 | $525,000 | $— | $15,016 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +20.6% | +20.0% | 83.6% | Not available | Partial |
| 2025 | +20.0% | +20.0% | 84.0% | Not available | Partial |
| 2024 | -37.0% | -47.1% | 84.0% | 1.6600% | Verified |
| 2023 | +129.6% ! | +129.6% | ~100% | 0.8000% | Verified |
| 2022 | +0.2% | +0.2% | ~100% | 1.9100% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +73.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +14.7% | +15.0% | +71.4% | 2025 | -3.2% | 2023 |
| Assessment Ratio | 100.0% | 113.6% | — | 202.2% | 2023 | 76.1% | 2022 |
| Effective Tax Rate (2025) | 1.7200% | 1.7200% | — | 1.7200% | 2025 | 1.7200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$20,629 | $15,628 | ~$26,301 | $20,629 | 2025 | $12,665 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,379,437 | ~$1,108,800 | ~2.0139% | ~$22,331 | +15.0% |
| 2027 | ~$1,585,706 | ~$1,219,680 | ~1.9814% | ~$24,167 | +32.1% |
| 2028 | ~$1,822,819 | ~$1,341,648 | ~1.9488% | ~$26,147 | +51.9% |
| 2029 | ~$2,095,387 | ~$1,475,813 | ~1.9163% | ~$28,281 | +74.6% |
| 2030 | ~$2,408,712 | ~$1,623,394 | ~1.8837% | ~$30,581 | +100.7% |
| 2026 | ~$1,355,437 | ~$1,108,800 | ~2.0465% | ~$22,691 | +13.0% |
| 2027 | ~$1,531,009 | ~$1,219,680 | ~2.0465% | ~$24,961 | +27.6% |
| 2028 | ~$1,729,322 | ~$1,341,648 | ~2.0465% | ~$27,457 | +44.1% |
| 2029 | ~$1,953,323 | ~$1,475,813 | ~2.0465% | ~$30,202 | +62.8% |
| 2030 | ~$2,206,339 | ~$1,623,394 | ~2.0465% | ~$33,223 | +83.9% |
| 2026 | ~$1,403,437 | ~$1,108,800 | ~1.9977% | ~$22,150 | +17.0% |
| 2027 | ~$1,641,364 | ~$1,219,680 | ~1.9488% | ~$23,770 | +36.8% |
| 2028 | ~$1,919,626 | ~$1,341,648 | ~1.9000% | ~$25,492 | +60.0% |
| 2029 | ~$2,245,062 | ~$1,475,813 | ~1.8512% | ~$27,320 | +87.1% |
| 2030 | ~$2,625,670 | ~$1,623,394 | ~1.8024% | ~$29,260 | +118.8% |
In 2025, this property's market value of $1,200,000 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -15% below 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 | $1,200,000 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $700,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $667,556 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $689,877 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $687,224 | $517,750 | $1,142,600 | $2,780,453 | ↓ Below 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.