3828 N INTERSTATE HY 35 TX 78751
| Owner | PANJWANI PROPERTIES LTD |
|---|---|
| Parcel ID | 0217090709 |
| Short ID | 211863 |
| Type | Real |
| Use Code | 48 Convenience Store |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 10,408 SF |
| Acres | 0.239 |
| Year Built | — |
| Legal | LOT 1 MISSIONS HEIGHTS |
| Neighborhood | 48CEN |
| Land | $1,769,360 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,769,360 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $600,434 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $600,434 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $600,434 |
| Taxable Value | $600,434 |
|---|
Appreciation: Market value has fallen -80.0% from $3,007,252 (2021) to $600,434 (2025), a CAGR of -33.2% over 4 years. Growth has been relatively flat for this asset class. 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 lagged 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 $12,288. 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 295% of market value ($1,769,360 land vs $0 improvements), about $170/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 $600,434, this parcel sits in the bottom quartile (<25th 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 -33.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $80,137 by 2030, with an estimated annual tax burden around $1,510. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 27,000 SF | ✗ |
| 403 | CARWASH DRIVE-THRU | 798 SF | ✓ |
Market value changed by 133% in 2022, 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% | $5,555.22 | $5,555.22 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,146.38 | $3,146.38 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,256.70 | $2,256.70 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $708.65 | $708.65 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $620.85 | $620.85 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $12,287.80 | $12,287.80 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $600,434 | $600,434 | +0.0% |
| Assessed Value | $600,434 | $600,434 | +0.0% |
| Land Value | $1,769,360 | $1,769,360 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $600,434 | $600,434 | +0.0% |
| Total Tax 2026 = estimate |
~$12,288
Estimated
|
~$12,288
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,832,590 | $600,434 | -1,232,156 (-67.2%) |
| Taxable Value | $720,521 | $600,434 | -120,087 (-16.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $600,434 | $1,769,360 | — | — | $600,434 | $600,434 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $600,434 | $1,769,360 | — | — | $600,434 | $600,434 | ~$12,288 | Partial |
| 2024 | $5,500,000 | — | — | −$63,230 | $5,436,770 | $— | $40,034 | Verified |
| 2023 | $5,000,000 | — | — | — | $5,436,770 ! | $— | $99,509 | Verified |
| 2022 | $3,011,511 | — | — | — | $5,000,000 ! | $— | $98,746 | Verified |
| 2021 | $3,007,252 | — | — | −$608,677 | $2,398,575 | $— | $65,551 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +205.2% ! | +20.0% | 39.3% | Not available | Partial |
| 2025 | -90.5% ! | -90.5% | ~100% | Not available | Partial |
| 2024 | +15.2% | +15.2% | ~100% | 0.6300% | Verified |
| 2023 | -21.5% | -21.5% | ~100% | 1.8100% | Verified |
| 2022 | +132.6% ! | +132.6% | ~100% | 1.4100% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -80.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | -2.6% | -33.2% | +66.0% | 2023 | -89.1% | 2025 |
| Assessment Ratio | 100.0% | 108.9% | — | 166.0% | 2022 | 79.8% | 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 |
$12,288 | $63,225 | ~$4,140 | $99,509 | 2023 | $12,288 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$401,365 | ~$401,365 | ~2.0139% | ~$8,083 | -33.2% |
| 2027 | ~$268,295 | ~$268,295 | ~1.9814% | ~$5,316 | -55.3% |
| 2028 | ~$179,344 | ~$179,344 | ~1.9488% | ~$3,495 | -70.1% |
| 2029 | ~$119,884 | ~$119,884 | ~1.9163% | ~$2,297 | -80.0% |
| 2030 | ~$80,137 | ~$80,137 | ~1.8837% | ~$1,510 | -86.7% |
| 2026 | ~$570,412 | ~$570,412 | ~2.0465% | ~$11,673 | -5.0% |
| 2027 | ~$541,892 | ~$541,892 | ~2.0465% | ~$11,090 | -9.7% |
| 2028 | ~$514,797 | ~$514,797 | ~2.0465% | ~$10,535 | -14.3% |
| 2029 | ~$489,057 | ~$489,057 | ~2.0465% | ~$10,008 | -18.5% |
| 2030 | ~$464,604 | ~$464,604 | ~2.0465% | ~$9,508 | -22.6% |
| 2026 | ~$413,373 | ~$413,373 | ~1.9977% | ~$8,258 | -31.2% |
| 2027 | ~$284,590 | ~$284,590 | ~1.9488% | ~$5,546 | -52.6% |
| 2028 | ~$195,928 | ~$195,928 | ~1.9000% | ~$3,723 | -67.4% |
| 2029 | ~$134,888 | ~$134,888 | ~1.8512% | ~$2,497 | -77.5% |
| 2030 | ~$92,865 | ~$92,865 | ~1.8024% | ~$1,674 | -84.5% |
In 2025, this property's market value of $600,434 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -58% 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 | $600,434 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $5,500,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $5,000,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $3,011,511 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $3,007,252 | $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.