7844 BURNET RD TX 78757
| Owner | NNN REIT LP |
|---|---|
| Parcel ID | 0238050103 |
| Short ID | 241257 |
| Type | Real |
| Use Code | 48 Convenience Store |
| Valuation | Income |
| Improvement SF | 3,244 SF |
| Land SF | 48,874 SF |
| Acres | 1.122 |
| Year Built | 1998 |
| Legal | 1.1220 AC OF LOT 1 NORTHCROSS SEC 1 |
| Neighborhood | 48CEN |
| Land | $3,909,946 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,909,946 |
| Improvement | $452,287 |
|---|---|
| Total Improvement | $452,287 |
| Market | $4,362,233 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,362,233 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $4,362,233 |
| Taxable Value | $4,362,233 |
|---|
Appreciation: Market value has risen +17.3% from $3,718,090 (2021) to $4,362,233 (2025), a CAGR of 4.1% over 4 years. This represents moderate, steady growth. 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 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 $89,272. 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 90% of market value ($3,909,946 land vs $452,287 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 $4,362,233, 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 +4.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,326,538 by 2030, with an estimated annual tax burden around $100,338. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 15,000 SF | ✗ |
| 501 | CANOPY | 6,006 SF | ✗ |
| 1ST | 1st Floor | 3,244 SF | ✓ |
| 611 | TERRACE | 942 SF | ✗ |
| 403 | CARWASH DRIVE-THRU | 914 SF | ✓ |
| 482 | LIGHT POLES | 4 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% | $40,359.38 | $40,359.38 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $22,858.84 | $22,858.84 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $16,395.23 | $16,395.23 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $5,148.44 | $5,148.44 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4,510.55 | $4,510.55 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $89,272.44 | $89,272.44 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,378,387 | $4,362,233 | +0.4% |
| Assessed Value | $4,378,387 | $4,362,233 | +0.4% |
| Land Value | $3,909,946 | $3,909,946 | +0.0% |
| Improvement Value | $468,441 | $452,287 | +3.6% |
| Taxable Value | $4,378,387 | $4,362,233 | +0.4% |
| Total Tax 2026 = estimate |
~$89,603
Estimated
|
~$89,272
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,378,387 | $4,378,387 | +0 (+0.0%) |
| Taxable Value | $4,378,387 | $4,378,387 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,378,387 | $3,909,946 | $468,441 | — | $4,378,387 | $4,378,387 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,362,233 | $3,909,946 | $452,287 | — | $4,362,233 | $4,362,233 | ~$89,272 | Partial |
| 2024 | $4,343,827 | — | — | −$433,881 | $3,909,946 | $— | $86,413 | Verified |
| 2023 | $4,195,000 | — | — | −$285,054 | $3,909,946 | $— | $78,591 | Verified |
| 2022 | $3,707,078 | — | — | — | $3,909,946 ! | $— | $82,848 | Verified |
| 2021 | $3,718,090 | — | — | −$296,888 | $3,421,202 | $— | $80,691 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.4% | +0.4% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +0.4% | +0.4% | ~100% | 1.9800% | Verified |
| 2023 | +3.5% | +3.5% | ~100% | 1.8100% | Verified |
| 2022 | +13.2% | +13.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +17.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.4% | +3.4% | +4.0% | +13.2% | 2023 | -0.3% | 2022 |
| Assessment Ratio | 100.0% | 96.8% | — | 105.5% | 2022 | 90.0% | 2024 |
| 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 |
$89,272 | $83,563 | ~$95,861 | $89,272 | 2025 | $78,591 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,540,003 | ~$4,540,003 | ~2.0139% | ~$91,433 | +4.1% |
| 2027 | ~$4,725,017 | ~$4,725,017 | ~1.9814% | ~$93,621 | +8.3% |
| 2028 | ~$4,917,570 | ~$4,917,570 | ~1.9488% | ~$95,836 | +12.7% |
| 2029 | ~$5,117,971 | ~$5,117,971 | ~1.9163% | ~$98,075 | +17.3% |
| 2030 | ~$5,326,538 | ~$5,326,538 | ~1.8837% | ~$100,338 | +22.1% |
| 2026 | ~$4,452,758 | ~$4,452,758 | ~2.0465% | ~$91,125 | +2.1% |
| 2027 | ~$4,545,161 | ~$4,545,161 | ~2.0465% | ~$93,016 | +4.2% |
| 2028 | ~$4,639,482 | ~$4,639,482 | ~2.0465% | ~$94,946 | +6.4% |
| 2029 | ~$4,735,761 | ~$4,735,761 | ~2.0465% | ~$96,917 | +8.6% |
| 2030 | ~$4,834,037 | ~$4,834,037 | ~2.0465% | ~$98,928 | +10.8% |
| 2026 | ~$4,627,247 | ~$4,627,247 | ~1.9977% | ~$92,437 | +6.1% |
| 2027 | ~$4,908,362 | ~$4,908,362 | ~1.9488% | ~$95,656 | +12.5% |
| 2028 | ~$5,206,554 | ~$5,206,554 | ~1.9000% | ~$98,925 | +19.4% |
| 2029 | ~$5,522,863 | ~$5,522,863 | ~1.8512% | ~$102,239 | +26.6% |
| 2030 | ~$5,858,387 | ~$5,858,387 | ~1.8024% | ~$105,590 | +34.3% |
In 2025, this property's market value of $4,362,233 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 3× 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 | $4,362,233 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $4,343,827 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $4,195,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $3,707,078 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $3,718,090 | $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.