RED ELM PKY TX 78621
| Owner | AJ BIZ INVESTMENT LLC |
|---|---|
| Parcel ID | 0239960146 |
| Short ID | 762141 |
| Type | Real |
| Use Code | 48 Convenience Store |
| Valuation | Income |
| Improvement SF | 6,720 SF |
| Land SF | 81,849 SF |
| Acres | 1.879 |
| Year Built | 2022 |
| Legal | LOT 80 BLK A VILLAGES OF ELM CREEK COMMERICAL |
| Neighborhood | 1FE3 |
| Land | $818,490 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $818,490 |
| Improvement | $1,531,510 |
|---|---|
| Total Improvement | $1,531,510 |
| Market | $2,350,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,350,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,350,000 |
| Taxable Value | $2,350,000 |
|---|
Appreciation: Market value has risen +2196.9% from $102,311 (2021) to $2,350,000 (2025), a CAGR of 118.9% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→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 4 taxing entities is 1.3823% in 2025 (+0.0436% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $32,483. Travis County MUD # 14 is the largest single contributor, at 56.8% 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 35% of market value ($818,490 land vs $1,531,510 improvements), about $10/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Submarket Position: At $2,350,000, this parcel sits in the upper-middle (50th–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 +118.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $118,167,971 by 2030, with an estimated annual tax burden around $52,660. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 60,000 SF | ✗ |
| 1ST | 1st Floor | 6,720 SF | ✓ |
| 501 | CANOPY | 3,201 SF | ✗ |
| 482 | LIGHT POLES | 9 SF | ✓ |
Market value changed by 2391% 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 |
|---|---|---|---|---|---|---|---|---|---|
| U3G Travis County MUD # 14 | 0.8010% | 0.7540% | 0.7200% | 0.7850% | 0.7850% | +0.0000% | $18,447.50 | $18,447.50 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $8,832.36 | $8,832.36 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,773.54 | $2,773.54 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,429.90 | $2,429.90 | Paid |
| Combined Rate | 1.3750% | 1.2696% | 1.2239% | 1.3387% | 1.3823% | +0.0436% | $32,483.30 | $32,483.30 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,350,000 | $2,350,000 | +0.0% |
| Assessed Value | $2,350,000 | $2,350,000 | +0.0% |
| Land Value | $818,490 | $818,490 | +0.0% |
| Improvement Value | $1,531,510 | $1,531,510 | +0.0% |
| Taxable Value | $2,350,000 | $2,350,000 | +0.0% |
| Total Tax 2026 = estimate |
~$32,483
Estimated
|
~$32,483
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,350,000 | $2,350,000 | +0 (+0.0%) |
| Taxable Value | $2,350,000 | $2,350,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,350,000 | $818,490 | $1,531,510 | — | $2,350,000 | $2,350,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,350,000 | $818,490 | $1,531,510 | — | $2,350,000 | $2,350,000 | ~$32,483 | Partial |
| 2024 | $2,400,000 | — | — | −$1,581,510 | $818,490 | $— | $31,460 | Verified |
| 2023 | $— | — | — | — | $818,490 | $— | $29,375 | Verified |
| 2022 | $— | — | — | — | $102,311 | $— | $1,299 | Verified |
| 2021 | $102,311 | — | — | — | $102,311 | $— | $1,407 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | -7.0% | -7.0% | ~100% | Not available | Partial |
| 2024 | -0.8% | -0.8% | ~100% | 1.2500% | Verified |
| 2023 | +2390.7% ! | +2390.7% | ~100% | 1.1500% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.2700% | Verified |
| 2021 | base year | — | ~100% | 1.3800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +2196.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +747.9% | +118.9% | +2245.8% | 2024 | -2.1% | 2025 |
| Assessment Ratio | 100.0% | 83.5% | — | 100.0% | 2021 | 34.1% | 2024 |
| Effective Tax Rate (2025) | 1.3800% | 1.3800% | — | 1.3800% | 2025 | 1.3800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$32,483 | $21,783 | ~$43,813 | $32,483 | 2025 | $1,407 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$5,144,631 | ~$2,585,000 | ~1.3841% | ~$35,779 | +118.9% |
| 2027 | ~$11,262,651 | ~$2,843,500 | ~1.3859% | ~$39,408 | +379.3% |
| 2028 | ~$24,656,249 | ~$3,127,850 | ~1.3877% | ~$43,406 | +949.2% |
| 2029 | ~$53,977,578 | ~$3,440,635 | ~1.3896% | ~$47,810 | +2196.9% |
| 2030 | ~$118,167,971 | ~$3,784,699 | ~1.3914% | ~$52,660 | +4928.4% |
| 2026 | ~$5,097,631 | ~$2,585,000 | ~1.3823% | ~$35,732 | +116.9% |
| 2027 | ~$11,057,806 | ~$2,843,500 | ~1.3823% | ~$39,305 | +370.5% |
| 2028 | ~$23,986,645 | ~$3,127,850 | ~1.3823% | ~$43,235 | +920.7% |
| 2029 | ~$52,031,944 | ~$3,440,635 | ~1.3823% | ~$47,559 | +2114.1% |
| 2030 | ~$112,867,941 | ~$3,784,699 | ~1.3823% | ~$52,315 | +4702.9% |
| 2026 | ~$5,191,631 | ~$2,585,000 | ~1.3850% | ~$35,802 | +120.9% |
| 2027 | ~$11,469,376 | ~$2,843,500 | ~1.3877% | ~$39,460 | +388.1% |
| 2028 | ~$25,338,201 | ~$3,127,850 | ~1.3905% | ~$43,492 | +978.2% |
| 2029 | ~$55,977,273 | ~$3,440,635 | ~1.3932% | ~$47,935 | +2282.0% |
| 2030 | ~$123,665,259 | ~$3,784,699 | ~1.3959% | ~$52,832 | +5162.4% |
In 2025, this property's market value of $2,350,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +66% 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 | $2,350,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,400,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | — | $667,828 | $1,414,358 | $3,374,900 | — | +9.7% |
| 2022 | — | $553,066 | $1,215,730 | $2,939,150 | — | +3.3% |
| 2021 | $102,311 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 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.