1401 W KOENIG LN TX 78757
| Owner | MCELROY BUILDING CO |
|---|---|
| Parcel ID | 0228060201 |
| Short ID | 228703 |
| Type | Real |
| Use Code | 32 Restaurant |
| Valuation | Income |
| Improvement SF | 1,344 SF |
| Land SF | 9,598 SF |
| Acres | 0.220 |
| Year Built | 1980 |
| Legal | LOT 1 WILDER ADDN SEC 1 |
| Neighborhood | 32CEN |
| Land | $815,830 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $815,830 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $794,527 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $794,527 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $794,527 |
| Taxable Value | $794,527 |
|---|
Appreciation: Market value has risen +37.1% from $579,345 (2021) to $794,527 (2025), a CAGR of 8.2% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), 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 $16,260. 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 103% of market value ($815,830 land vs $0 improvements), about $85/SF of land. With value concentrated in the land under a ~46-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 $794,527, 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 +8.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,179,160 by 2030, with an estimated annual tax burden around $22,212. 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 | 5,100 SF | ✗ |
| 1ST | 1st Floor | 1,344 SF | ✓ |
| 511 | DECK | 480 SF | ✗ |
| 611 | TERRACE | 324 SF | ✗ |
| 482 | LIGHT POLES | 1 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% | $7,350.96 | $7,350.96 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,163.46 | $4,163.46 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,986.19 | $2,986.19 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $937.72 | $937.72 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $821.54 | $821.54 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $16,259.87 | $16,259.87 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $752,000 | $794,527 | -5.4% |
| Assessed Value | $752,000 | $794,527 | -5.4% |
| Land Value | $815,830 | $815,830 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $752,000 | $794,527 | -5.4% |
| Total Tax 2026 = estimate |
~$15,390
Estimated
|
~$16,260
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $847,806 | $752,000 | -95,806 (-11.3%) |
| Taxable Value | $847,806 | $752,000 | -95,806 (-11.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $752,000 | $815,830 | — | — | $752,000 | $752,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $794,527 | $815,830 | — | — | $794,527 | $794,527 | ~$16,260 | Partial |
| 2024 | $796,656 | — | — | −$2,129 | $794,527 | $— | $15,746 | Verified |
| 2023 | $764,850 | — | — | — | $815,830 ! | $— | $14,413 | Verified |
| 2022 | $502,663 | — | — | — | $719,850 ! | $— | $15,105 | Verified |
| 2021 | $579,345 | — | — | −$99,445 | $479,900 | $— | $10,941 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +6.7% | +6.7% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -9.5% | -9.5% | ~100% | 1.9800% | Verified |
| 2023 | +10.2% | +10.2% | ~100% | 1.6400% | Verified |
| 2022 | +51.6% | +51.6% | ~100% | 1.9000% | Verified |
| 2021 | base year | — | ~100% | 1.8900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +51.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -5.4% | +7.5% | +9.4% | +52.2% | 2023 | -13.2% | 2022 |
| Assessment Ratio | 100.0% | 105.4% | — | 143.2% | 2022 | 82.8% | 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 |
$16,260 | $14,493 | ~$19,694 | $16,260 | 2025 | $10,941 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$859,808 | ~$859,808 | ~2.0139% | ~$17,316 | +8.2% |
| 2027 | ~$930,453 | ~$930,453 | ~1.9814% | ~$18,436 | +17.1% |
| 2028 | ~$1,006,902 | ~$1,006,902 | ~1.9488% | ~$19,623 | +26.7% |
| 2029 | ~$1,089,633 | ~$1,089,633 | ~1.9163% | ~$20,881 | +37.1% |
| 2030 | ~$1,179,160 | ~$1,179,160 | ~1.8837% | ~$22,212 | +48.4% |
| 2026 | ~$843,918 | ~$843,918 | ~2.0465% | ~$17,271 | +6.2% |
| 2027 | ~$896,378 | ~$896,378 | ~2.0465% | ~$18,344 | +12.8% |
| 2028 | ~$952,100 | ~$952,100 | ~2.0465% | ~$19,485 | +19.8% |
| 2029 | ~$1,011,286 | ~$1,011,286 | ~2.0465% | ~$20,696 | +27.3% |
| 2030 | ~$1,074,151 | ~$1,074,151 | ~2.0465% | ~$21,982 | +35.2% |
| 2026 | ~$875,699 | ~$873,980 | ~1.9977% | ~$17,459 | +10.2% |
| 2027 | ~$965,163 | ~$961,378 | ~1.9488% | ~$18,736 | +21.5% |
| 2028 | ~$1,063,767 | ~$1,057,515 | ~1.9000% | ~$20,093 | +33.9% |
| 2029 | ~$1,172,445 | ~$1,163,267 | ~1.8512% | ~$21,534 | +47.6% |
| 2030 | ~$1,292,226 | ~$1,279,594 | ~1.8024% | ~$23,063 | +62.6% |
In 2025, this property's market value of $794,527 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -44% 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 | $794,527 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $796,656 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $764,850 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $502,663 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $579,345 | $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.