411 W M L KING JR BLVD TX 78701
| Owner | 7567 GREENVILLE ASSOCIATES LLD |
|---|---|
| Parcel ID | 0210021802 |
| Short ID | 199821 |
| Type | Real |
| Use Code | 48 Convenience Store |
| Valuation | Income |
| Improvement SF | 4,900 SF |
| Land SF | 19,358 SF |
| Acres | 0.444 |
| Year Built | 1985 |
| Legal | 0.4444 AC OF OLT 34 DIVISION E |
| Neighborhood | 30CEN |
| Land | $9,679,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $9,679,000 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $7,500,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $7,500,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $7,500,000 |
| Taxable Value | $7,500,000 |
|---|
Appreciation: Market value has risen +147.1% from $3,035,654 (2021) to $7,500,000 (2025), a CAGR of 25.4% over 4 years. This is strong appreciation — well above typical inflation. 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 $153,486. 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 129% of market value ($9,679,000 land vs $0 improvements), about $500/SF of land. With value concentrated in the land under a ~41-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 $7,500,000, 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 +25.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $23,231,246 by 2030, with an estimated annual tax burden around $227,534. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 13,565 SF | ✗ |
| 1ST | 1st Floor | 4,900 SF | ✓ |
| 501 | CANOPY | 624 SF | ✗ |
| 611 | TERRACE | 604 SF | ✗ |
| 541 | FENCE COMM LF | 142 SF | ✗ |
| 482 | LIGHT POLES | 2 SF | ✓ |
Market value changed by 143% 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% | $69,390.00 | $69,390.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $39,301.28 | $39,301.28 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $28,188.38 | $28,188.38 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $8,851.73 | $8,851.73 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $7,755.00 | $7,755.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $153,486.39 | $153,486.39 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $5,033,990 | $7,500,000 | -32.9% |
| Assessed Value | $5,033,990 | $7,500,000 | -32.9% |
| Land Value | $4,839,500 | $9,679,000 | -50.0% |
| Improvement Value | $194,490 | — | — |
| Taxable Value | $5,033,990 | $7,500,000 | -32.9% |
| Total Tax 2026 = estimate |
~$103,020
Estimated
|
~$153,486
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $5,033,990 | $5,033,990 | +0 (+0.0%) |
| Taxable Value | $5,033,990 | $5,033,990 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $5,033,990 | $4,839,500 | $194,490 | — | $5,033,990 | $5,033,990 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $7,500,000 | $9,679,000 | — | — | $7,500,000 | $7,500,000 | ~$153,486 | Partial |
| 2024 | $7,400,000 | — | — | — | $9,679,000 ! | $— | $148,636 | Verified |
| 2023 | $3,039,224 | — | — | — | $7,400,000 ! | $— | $133,884 | Verified |
| 2022 | $3,037,714 | — | — | −$134,014 | $2,903,700 | $— | $60,022 | Verified |
| 2021 | $3,035,654 | — | — | −$131,954 | $2,903,700 | $— | $66,121 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -32.9% | -32.9% | ~100% | Not available | Partial |
| 2025 | -23.9% | -23.9% | ~100% | Not available | Partial |
| 2024 | +33.3% | +33.3% | ~100% | 1.5100% | Verified |
| 2023 | +143.5% ! | +143.5% | ~100% | 1.8100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +146.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -32.9% | +22.4% | +37.7% | +143.5% | 2024 | -32.9% | 2026 |
| Assessment Ratio | 100.0% | 127.6% | — | 243.5% | 2023 | 95.6% | 2022 |
| 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 |
$153,486 | $112,430 | ~$195,692 | $153,486 | 2025 | $60,022 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$9,402,937 | ~$8,250,000 | ~2.0139% | ~$166,150 | +25.4% |
| 2027 | ~$11,788,696 | ~$9,075,000 | ~1.9814% | ~$179,811 | +57.2% |
| 2028 | ~$14,779,781 | ~$9,982,500 | ~1.9488% | ~$194,543 | +97.1% |
| 2029 | ~$18,529,780 | ~$10,980,750 | ~1.9163% | ~$210,423 | +147.1% |
| 2030 | ~$23,231,246 | ~$12,078,825 | ~1.8837% | ~$227,534 | +209.7% |
| 2026 | ~$9,252,937 | ~$8,250,000 | ~2.0465% | ~$168,835 | +23.4% |
| 2027 | ~$11,415,578 | ~$9,075,000 | ~2.0465% | ~$185,719 | +52.2% |
| 2028 | ~$14,083,683 | ~$9,982,500 | ~2.0465% | ~$204,290 | +87.8% |
| 2029 | ~$17,375,390 | ~$10,980,750 | ~2.0465% | ~$224,719 | +131.7% |
| 2030 | ~$21,436,452 | ~$12,078,825 | ~2.0465% | ~$247,191 | +185.8% |
| 2026 | ~$9,552,937 | ~$8,250,000 | ~1.9977% | ~$164,807 | +27.4% |
| 2027 | ~$12,167,813 | ~$9,075,000 | ~1.9488% | ~$176,857 | +62.2% |
| 2028 | ~$15,498,447 | ~$9,982,500 | ~1.9000% | ~$189,669 | +106.6% |
| 2029 | ~$19,740,757 | ~$10,980,750 | ~1.8512% | ~$203,275 | +163.2% |
| 2030 | ~$25,144,294 | ~$12,078,825 | ~1.8024% | ~$217,705 | +235.3% |
In 2025, this property's market value of $7,500,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 5× 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 | $7,500,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $7,400,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $3,039,224 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $3,037,714 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $3,035,654 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 25% | 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.