3848 AIRPORT BLVD AUSTIN, TX 78722
| Owner | S K MEEKS LLC |
|---|---|
| Parcel ID | 0214130302 |
| Short ID | 207585 |
| Type | Real |
| Use Code | 48 Convenience Store |
| Valuation | Income |
| Improvement SF | 2,940 SF |
| Land SF | 29,744 SF |
| Acres | 0.683 |
| Year Built | 2013 |
| Legal | LOT 2 OLT 35 DIV C MCEACHERN SUBD |
| Neighborhood | 48CEN |
| Land | $2,379,520 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,379,520 |
| Improvement | $400,029 |
|---|---|
| Total Improvement | $400,029 |
| Market | $2,779,549 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,779,549 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,779,549 |
| Exemptions (−) | −$6,300 |
|---|---|
| Taxable Value | $2,773,249 |
Appreciation: Market value has risen +92.4% from $1,444,853 (2021) to $2,779,549 (2025), a CAGR of 17.8% 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 $56,754. 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 86% of market value ($2,379,520 land vs $400,029 improvements), about $80/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $2,779,549, this parcel sits in the upper-middle (50th–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 +17.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,297,420 by 2030, with an estimated annual tax burden around $84,326. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 2,940 SF | ✓ |
| 501 | CANOPY | 2,248 SF | ✗ |
| 611 | TERRACE | 120 SF | ✗ |
| 559 | PAVED AREA FV | 1 SF | ✗ |
Market value changed by 83% 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% | $25,658.10 | $25,658.10 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $14,532.30 | $14,532.30 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $10,423.12 | $10,423.12 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,273.07 | $3,273.07 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,867.54 | $2,867.54 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $56,754.13 | $56,754.13 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,787,796 | $2,779,549 | +0.3% |
| Assessed Value | $2,787,796 | $2,779,549 | +0.3% |
| Land Value | $2,379,520 | $2,379,520 | +0.0% |
| Improvement Value | $408,276 | $400,029 | +2.1% |
| Taxable Value | $2,787,796 | $2,773,249 | +0.5% |
| Exemptions | — | @ | |
| Total Tax 2026 = estimate |
~$57,052
Estimated
|
~$56,754
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,938,394 | $2,787,796 | -150,598 (-5.1%) |
| Taxable Value | $2,938,394 | $2,787,796 | -150,598 (-5.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,787,796 | $2,379,520 | $408,276 | — | $2,787,796 | $2,787,796 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,779,549 | $2,379,520 | $400,029 | — | $2,779,549 | $2,773,249 | ~$56,754 | Partial |
| 2024 | $2,638,944 | — | — | −$259,424 | $2,379,520 | $— | $55,366 | Verified |
| 2023 | $1,443,361 | — | — | — | $2,379,520 ! | $— | $47,631 | Verified |
| 2022 | $1,443,361 | — | — | −$253,601 | $1,189,760 | $— | $28,381 | Verified |
| 2021 | $1,444,853 | — | — | −$403,813 | $1,041,040 | $— | $31,280 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +5.7% | +5.7% | ~100% | Not available | Partial |
| 2025 | -0.7% | -0.7% | ~100% | Not available | Partial |
| 2024 | +6.1% | +6.1% | ~100% | 1.9800% | Verified |
| 2023 | +82.8% ! | +82.8% | ~100% | 1.8000% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +92.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.3% | +17.7% | +17.7% | +82.8% | 2024 | -0.1% | 2022 |
| Assessment Ratio | 100.0% | 101.6% | — | 164.9% | 2023 | 72.1% | 2021 |
| Effective Tax Rate (2025) | 2.0400% | 2.0400% | — | 2.0400% | 2025 | 2.0400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$56,754 | $43,882 | ~$72,525 | $56,754 | 2025 | $28,381 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,273,497 | ~$3,057,504 | ~2.0139% | ~$61,576 | +17.8% |
| 2027 | ~$3,855,224 | ~$3,363,254 | ~1.9814% | ~$66,639 | +38.7% |
| 2028 | ~$4,540,329 | ~$3,699,580 | ~1.9488% | ~$72,099 | +63.3% |
| 2029 | ~$5,347,182 | ~$4,069,538 | ~1.9163% | ~$77,984 | +92.4% |
| 2030 | ~$6,297,420 | ~$4,476,491 | ~1.8837% | ~$84,326 | +126.6% |
| 2026 | ~$3,217,906 | ~$3,057,504 | ~2.0465% | ~$62,571 | +15.8% |
| 2027 | ~$3,725,396 | ~$3,363,254 | ~2.0465% | ~$68,828 | +34.0% |
| 2028 | ~$4,312,922 | ~$3,699,580 | ~2.0465% | ~$75,711 | +55.2% |
| 2029 | ~$4,993,104 | ~$4,069,538 | ~2.0465% | ~$83,282 | +79.6% |
| 2030 | ~$5,780,557 | ~$4,476,491 | ~2.0465% | ~$91,611 | +108.0% |
| 2026 | ~$3,329,088 | ~$3,057,504 | ~1.9977% | ~$61,079 | +19.8% |
| 2027 | ~$3,987,276 | ~$3,363,254 | ~1.9488% | ~$65,544 | +43.5% |
| 2028 | ~$4,775,593 | ~$3,699,580 | ~1.9000% | ~$70,293 | +71.8% |
| 2029 | ~$5,719,767 | ~$4,069,538 | ~1.8512% | ~$75,335 | +105.8% |
| 2030 | ~$6,850,611 | ~$4,476,491 | ~1.8024% | ~$80,683 | +146.5% |
In 2025, this property's market value of $2,779,549 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +96% 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 | $2,779,549 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,638,944 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,443,361 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,443,361 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,444,853 | $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.