518 W KOENIG LN TX 78751
| Owner | 7-ELEVEN INC |
|---|---|
| Parcel ID | 0226100309 |
| Short ID | 546222 |
| Type | Real |
| Use Code | 48 Convenience Store |
| Valuation | Income |
| Improvement SF | 2,940 SF |
| Land SF | 44,039 SF |
| Acres | 1.011 |
| Year Built | 2019 |
| Legal | LOT 4B BLK A BUTTERKRUST SUBD RESUB OF LOT 4A AMENDED PLAT OF LOTS 2,3&4 |
| Neighborhood | 48CEN |
| Land | $2,862,535 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,862,535 |
| Improvement | $857,596 |
|---|---|
| Total Improvement | $857,596 |
| Market | $3,720,131 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,720,131 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,720,131 |
| Taxable Value | $3,720,131 |
|---|
Appreciation: Market value has risen +73.0% from $2,150,612 (2021) to $3,720,131 (2025), a CAGR of 14.7% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $76,132. 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 77% of market value ($2,862,535 land vs $857,596 improvements), about $65/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 $3,720,131, 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 +14.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $7,379,950 by 2030, with an estimated annual tax burden around $112,861. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 17,325 SF | ✗ |
| 611 | TERRACE | 3,520 SF | ✗ |
| 501 | CANOPY | 3,240 SF | ✗ |
| 1ST | 1st Floor | 2,940 SF | ✓ |
| 482 | LIGHT POLES | 3 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 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% | $34,418.65 | $34,418.65 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $19,494.12 | $19,494.12 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $13,981.93 | $13,981.93 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $4,390.61 | $4,390.61 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,846.62 | $3,846.62 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $76,131.93 | $76,131.93 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,711,967 | $3,720,131 | -0.2% |
| Assessed Value | $3,711,967 | $3,720,131 | -0.2% |
| Land Value | $2,862,535 | $2,862,535 | +0.0% |
| Improvement Value | $849,432 | $857,596 | -1.0% |
| Taxable Value | $3,711,967 | $3,720,131 | -0.2% |
| Total Tax 2026 = estimate |
~$75,965
Estimated
|
~$76,132
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,803,437 | $3,711,967 | -91,470 (-2.4%) |
| Taxable Value | $3,803,437 | $3,711,967 | -91,470 (-2.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,711,967 | $2,862,535 | $849,432 | — | $3,711,967 | $3,711,967 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,720,131 | $2,862,535 | $857,596 | — | $3,720,131 | $3,720,131 | ~$76,132 | Partial |
| 2024 | $3,577,801 | — | — | −$715,266 | $2,862,535 | $— | $72,827 | Verified |
| 2023 | $2,699,000 | — | — | — | $2,862,535 ! | $— | $64,731 | Verified |
| 2022 | $2,190,949 | — | — | — | $2,201,950 ! | $— | $53,303 | Verified |
| 2021 | $2,150,612 | — | — | −$609,247 | $1,541,365 | $— | $47,690 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.2% | +2.2% | ~100% | Not available | Partial |
| 2025 | +1.2% | +1.2% | ~100% | Not available | Partial |
| 2024 | +2.7% | +2.7% | ~100% | 1.9800% | Verified |
| 2023 | +32.6% | +32.6% | ~100% | 1.8100% | Verified |
| 2022 | +23.2% | +23.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +69.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -0.2% | +12.3% | +14.7% | +32.6% | 2024 | -0.2% | 2026 |
| Assessment Ratio | 100.0% | 93.0% | — | 106.1% | 2023 | 71.7% | 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 |
$76,132 | $62,937 | ~$97,067 | $76,132 | 2025 | $47,690 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,266,358 | ~$4,092,144 | ~2.0139% | ~$82,413 | +14.7% |
| 2027 | ~$4,892,787 | ~$4,501,359 | ~1.9814% | ~$89,189 | +31.5% |
| 2028 | ~$5,611,195 | ~$4,951,494 | ~1.9488% | ~$96,497 | +50.8% |
| 2029 | ~$6,435,087 | ~$5,446,644 | ~1.9163% | ~$104,374 | +73.0% |
| 2030 | ~$7,379,950 | ~$5,991,308 | ~1.8837% | ~$112,861 | +98.4% |
| 2026 | ~$4,191,955 | ~$4,092,144 | ~2.0465% | ~$83,745 | +12.7% |
| 2027 | ~$4,723,621 | ~$4,501,359 | ~2.0465% | ~$92,120 | +27.0% |
| 2028 | ~$5,322,718 | ~$4,951,494 | ~2.0465% | ~$101,332 | +43.1% |
| 2029 | ~$5,997,798 | ~$5,446,644 | ~2.0465% | ~$111,465 | +61.2% |
| 2030 | ~$6,758,499 | ~$5,991,308 | ~2.0465% | ~$122,611 | +81.7% |
| 2026 | ~$4,340,760 | ~$4,092,144 | ~1.9977% | ~$81,747 | +16.7% |
| 2027 | ~$5,064,929 | ~$4,501,359 | ~1.9488% | ~$87,724 | +36.1% |
| 2028 | ~$5,909,912 | ~$4,951,494 | ~1.9000% | ~$94,079 | +58.9% |
| 2029 | ~$6,895,862 | ~$5,446,644 | ~1.8512% | ~$100,828 | +85.4% |
| 2030 | ~$8,046,299 | ~$5,991,308 | ~1.8024% | ~$107,986 | +116.3% |
In 2025, this property's market value of $3,720,131 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — +162% 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 | $3,720,131 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $3,577,801 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $2,699,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,190,949 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,150,612 | $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.