5101 AIRPORT BLVD AUSTIN, TX 78751
| Owner | ZOHRA INVESTMENT GROUP INC |
|---|---|
| Parcel ID | 0222111506 |
| Short ID | 220260 |
| Type | Real |
| Use Code | 48 Convenience Store |
| Valuation | Income |
| Improvement SF | 2,398 SF |
| Land SF | 11,326 SF |
| Acres | 0.260 |
| Year Built | 1971 |
| Legal | LOT 9 & NE TRI OF LOT 11-12 & LOT 10 LESS SW TRI BLK C RIDGETOP |
| Neighborhood | 48CEN |
| Land | $792,792 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $792,792 |
| Improvement | $208,775 |
|---|---|
| Total Improvement | $208,775 |
| Market | $1,001,567 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,001,567 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,001,567 |
| Taxable Value | $1,001,567 |
|---|
Appreciation: Market value has risen +89.3% from $529,208 (2021) to $1,001,567 (2025), a CAGR of 17.3% 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 $20,497. 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 79% of market value ($792,792 land vs $208,775 improvements), about $70/SF of land. With value concentrated in the land under a ~55-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 $1,001,567, 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 +17.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,223,295 by 2030, with an estimated annual tax burden around $30,385. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 6,900 SF | ✗ |
| 1ST | 1st Floor | 2,398 SF | ✓ |
| 501 | CANOPY | 609 SF | ✗ |
Market value changed by 82% 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% | $9,266.50 | $9,266.50 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,248.38 | $5,248.38 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,764.34 | $3,764.34 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,182.08 | $1,182.08 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,035.62 | $1,035.62 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $20,496.92 | $20,496.92 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $794,607 | $1,001,567 | -20.7% |
| Assessed Value | $794,607 | $1,001,567 | -20.7% |
| Land Value | $792,792 | $792,792 | +0.0% |
| Improvement Value | $1,815 | $208,775 | -99.1% |
| Taxable Value | $794,607 | $1,001,567 | -20.7% |
| Total Tax 2026 = estimate |
~$16,262
Estimated
|
~$20,497
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,097,385 | $794,607 | -302,778 (-27.6%) |
| Taxable Value | $1,097,385 | $794,607 | -302,778 (-27.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $794,607 | $792,792 | $1,815 | — | $794,607 | $794,607 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,001,567 | $792,792 | $208,775 | — | $1,001,567 | $1,001,567 | ~$20,497 | Partial |
| 2024 | $1,000,000 | — | — | −$207,208 | $792,792 | $— | $19,849 | Verified |
| 2023 | $543,825 | — | — | — | $792,792 ! | $— | $18,092 | Verified |
| 2022 | $549,179 | — | — | −$209,411 | $339,768 | $— | $10,740 | Verified |
| 2021 | $529,208 | — | — | −$189,440 | $339,768 | $— | $11,954 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +9.6% | +9.6% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +0.2% | +0.2% | ~100% | 1.9800% | Verified |
| 2023 | +82.1% ! | +82.1% | ~100% | 1.8100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9600% | Verified |
| 2021 | base year | — | ~100% | 2.2600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +82.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -20.7% | +13.2% | +23.4% | +83.9% | 2024 | -20.7% | 2026 |
| Assessment Ratio | 100.0% | 91.9% | — | 145.8% | 2023 | 61.9% | 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 |
$20,497 | $16,227 | ~$26,133 | $20,497 | 2025 | $10,740 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,174,744 | ~$1,101,724 | ~2.0139% | ~$22,188 | +17.3% |
| 2027 | ~$1,377,865 | ~$1,211,896 | ~1.9814% | ~$24,012 | +37.6% |
| 2028 | ~$1,616,107 | ~$1,333,086 | ~1.9488% | ~$25,980 | +61.4% |
| 2029 | ~$1,895,543 | ~$1,466,394 | ~1.9163% | ~$28,100 | +89.3% |
| 2030 | ~$2,223,295 | ~$1,613,034 | ~1.8837% | ~$30,385 | +122.0% |
| 2026 | ~$1,154,713 | ~$1,101,724 | ~2.0465% | ~$22,547 | +15.3% |
| 2027 | ~$1,331,276 | ~$1,211,896 | ~2.0465% | ~$24,801 | +32.9% |
| 2028 | ~$1,534,837 | ~$1,333,086 | ~2.0465% | ~$27,281 | +53.2% |
| 2029 | ~$1,769,524 | ~$1,466,394 | ~2.0465% | ~$30,010 | +76.7% |
| 2030 | ~$2,040,095 | ~$1,613,034 | ~2.0465% | ~$33,010 | +103.7% |
| 2026 | ~$1,194,776 | ~$1,101,724 | ~1.9977% | ~$22,009 | +19.3% |
| 2027 | ~$1,425,256 | ~$1,211,896 | ~1.9488% | ~$23,618 | +42.3% |
| 2028 | ~$1,700,197 | ~$1,333,086 | ~1.9000% | ~$25,329 | +69.8% |
| 2029 | ~$2,028,176 | ~$1,466,394 | ~1.8512% | ~$27,146 | +102.5% |
| 2030 | ~$2,419,424 | ~$1,613,034 | ~1.8024% | ~$29,073 | +141.6% |
In 2025, this property's market value of $1,001,567 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -29% 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 | $1,001,567 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,000,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $543,825 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $549,179 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $529,208 | $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.