1149 1/2 AIRPORT BLVD AUSTIN, TX 78702
| Owner | LEOS I M |
|---|---|
| Parcel ID | 0207160226 |
| Short ID | 196042 |
| Type | Real |
| Use Code | 81 Service Station |
| Valuation | Income |
| Improvement SF | 1,775 SF |
| Land SF | 22,500 SF |
| Acres | 0.517 |
| Year Built | 1965 |
| Legal | LOT 1 OLT 58 DIV A HIRSH ARRAH NEAL SUBD |
| Neighborhood | 81EAS |
| Land | $1,800,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,800,000 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,200,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,200,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,200,000 |
| Taxable Value | $1,200,000 |
|---|
Appreciation: Market value has risen +29.7% from $924,882 (2021) to $1,200,000 (2025), a CAGR of 6.7% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2023→2024), 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 $24,558. 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 150% of market value ($1,800,000 land vs $0 improvements), about $80/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 $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 +6.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,661,690 by 2030, with an estimated annual tax burden around $31,302. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 541 | FENCE COMM LF | 13,100 SF | ✗ |
| 501 | CANOPY | 2,940 SF | ✗ |
| 1ST | 1st Floor | 1,775 SF | ✓ |
| SO | Sketch Only | 450 SF | ✗ |
| 435 | FENCE IRON LF | 140 SF | ✗ |
| 482 | LIGHT POLES | 5 SF | ✓ |
Market value changed by 125% 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% | $11,102.40 | $11,102.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,288.20 | $6,288.20 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,510.14 | $4,510.14 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,416.28 | $1,416.28 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,240.80 | $1,240.80 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $24,557.82 | $24,557.82 | 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 | $1,200,000 | +0.0% |
| Land Value | $1,800,000 | $1,800,000 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $1,200,000 | $1,200,000 | +0.0% |
| Total Tax 2026 = estimate |
~$24,558
Estimated
|
~$24,558
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,200,000 | $1,200,000 | +0 (+0.0%) |
| Taxable Value | $1,200,000 | $1,200,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,200,000 | $1,800,000 | — | — | $1,200,000 | $1,200,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,200,000 | $1,800,000 | — | — | $1,200,000 | $1,200,000 | ~$24,558 | Partial |
| 2024 | $2,253,951 | — | — | −$453,951 | $1,800,000 | $— | $36,409 | Verified |
| 2023 | $922,059 | — | — | — | $2,025,000 ! | $— | $40,780 | Verified |
| 2022 | $853,759 | — | — | −$66,259 | $787,500 | $— | $18,210 | Verified |
| 2021 | $924,882 | — | — | −$137,382 | $787,500 | $— | $18,584 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | -34.7% | -34.7% | ~100% | Not available | Partial |
| 2024 | -18.5% | -18.5% | ~100% | 1.9800% | Verified |
| 2023 | +125.2% ! | +125.2% | ~100% | 1.8100% | Verified |
| 2022 | +7.7% | +7.7% | ~100% | 1.8200% | Verified |
| 2021 | base year | — | ~100% | 2.0100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +29.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +19.6% | +6.7% | +144.4% | 2024 | -46.8% | 2025 |
| Assessment Ratio | 100.0% | 112.8% | — | 219.6% | 2023 | 79.9% | 2024 |
| 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 |
$24,558 | $27,708 | ~$28,489 | $40,780 | 2023 | $18,210 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,280,722 | ~$1,280,722 | ~2.0139% | ~$25,793 | +6.7% |
| 2027 | ~$1,366,875 | ~$1,366,875 | ~1.9814% | ~$27,083 | +13.9% |
| 2028 | ~$1,458,822 | ~$1,458,822 | ~1.9488% | ~$28,430 | +21.6% |
| 2029 | ~$1,556,955 | ~$1,556,955 | ~1.9163% | ~$29,836 | +29.7% |
| 2030 | ~$1,661,690 | ~$1,661,690 | ~1.8837% | ~$31,302 | +38.5% |
| 2026 | ~$1,256,722 | ~$1,256,722 | ~2.0465% | ~$25,719 | +4.7% |
| 2027 | ~$1,316,126 | ~$1,316,126 | ~2.0465% | ~$26,934 | +9.7% |
| 2028 | ~$1,378,337 | ~$1,378,337 | ~2.0465% | ~$28,207 | +14.9% |
| 2029 | ~$1,443,489 | ~$1,443,489 | ~2.0465% | ~$29,541 | +20.3% |
| 2030 | ~$1,511,721 | ~$1,511,721 | ~2.0465% | ~$30,937 | +26.0% |
| 2026 | ~$1,304,722 | ~$1,304,722 | ~1.9977% | ~$26,064 | +8.7% |
| 2027 | ~$1,418,584 | ~$1,418,584 | ~1.9488% | ~$27,646 | +18.2% |
| 2028 | ~$1,542,381 | ~$1,542,381 | ~1.9000% | ~$29,305 | +28.5% |
| 2029 | ~$1,676,983 | ~$1,676,983 | ~1.8512% | ~$31,044 | +39.7% |
| 2030 | ~$1,823,331 | ~$1,823,331 | ~1.8024% | ~$32,863 | +51.9% |
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 | $2,253,951 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $922,059 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $853,759 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $924,882 | $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.