8523 RESEARCH BLVD TX 78758
| Owner | 8523 RESEARCH RE LLC |
|---|---|
| Parcel ID | 0240120709 |
| Short ID | 244736 |
| Type | Real |
| Use Code | 48 Convenience Store |
| Valuation | Income |
| Improvement SF | 4,240 SF |
| Land SF | 28,244 SF |
| Acres | 0.648 |
| Year Built | 1969 |
| Legal | LOT A * LESS S 1256SQ FT FAIRFIELD DRIVE ADDN |
| Neighborhood | 48NOR |
| Land | $1,129,760 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,129,760 |
| Improvement | $255,427 |
|---|---|
| Total Improvement | $255,427 |
| Market | $1,385,187 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,385,187 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,385,187 |
| Taxable Value | $1,385,187 |
|---|
Appreciation: Market value has risen +34.3% from $1,031,200 (2021) to $1,385,187 (2025), a CAGR of 7.7% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2024→2025), 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 $28,348. 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 82% of market value ($1,129,760 land vs $255,427 improvements), about $40/SF of land. With value concentrated in the land under a ~57-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 $1,385,187, 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 +7.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,003,158 by 2030, with an estimated annual tax burden around $37,734. 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 | 19,847 SF | ✗ |
| 1ST | 1st Floor | 4,240 SF | ✓ |
| 501 | CANOPY | 2,057 SF | ✗ |
| 611 | TERRACE | 722 SF | ✗ |
| 591 | MASONRY TRIM SF | 480 SF | ✗ |
| 327 | STORAGE COMM'L | 96 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% | $12,815.75 | $12,815.75 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,258.62 | $7,258.62 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,206.16 | $5,206.16 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,634.84 | $1,634.84 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,432.28 | $1,432.28 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $28,347.65 | $28,347.65 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,385,187 | $1,385,187 | +0.0% |
| Assessed Value | $1,385,187 | $1,385,187 | +0.0% |
| Land Value | $1,129,760 | $1,129,760 | +0.0% |
| Improvement Value | $255,427 | $255,427 | +0.0% |
| Taxable Value | $1,385,187 | $1,385,187 | +0.0% |
| Total Tax 2026 = estimate |
~$28,348
Estimated
|
~$28,348
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,385,187 | $1,385,187 | +0 (+0.0%) |
| Taxable Value | $1,385,187 | $1,385,187 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,385,187 | $1,129,760 | $255,427 | — | $1,385,187 | $1,385,187 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,385,187 | $1,129,760 | $255,427 | — | $1,385,187 | $1,385,187 | ~$28,348 | Partial |
| 2024 | $1,166,466 | — | — | −$36,706 | $1,129,760 | $— | $27,393 | Verified |
| 2023 | $1,000,000 | — | — | −$152,680 | $847,320 | $— | $21,104 | Verified |
| 2022 | $1,000,000 | — | — | −$152,680 | $847,320 | $— | $19,749 | Verified |
| 2021 | $1,031,200 | — | — | −$183,880 | $847,320 | $— | $21,767 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | -9.1% | -1.0% | ~100% | Not available | Partial |
| 2024 | +30.6% | +20.0% | 91.9% | 1.8000% | Verified |
| 2023 | +16.6% | +16.6% | ~100% | 1.8100% | Verified |
| 2022 | -10.0% | -10.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +24.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +6.5% | +7.7% | +18.8% | 2025 | -3.0% | 2022 |
| Assessment Ratio | 100.0% | 91.4% | — | 100.0% | 2025 | 82.2% | 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 |
$28,348 | $23,672 | ~$33,783 | $28,348 | 2025 | $19,749 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,491,248 | ~$1,491,248 | ~2.0139% | ~$30,033 | +7.7% |
| 2027 | ~$1,605,429 | ~$1,605,429 | ~1.9814% | ~$31,810 | +15.9% |
| 2028 | ~$1,728,353 | ~$1,728,353 | ~1.9488% | ~$33,683 | +24.8% |
| 2029 | ~$1,860,690 | ~$1,860,690 | ~1.9163% | ~$35,656 | +34.3% |
| 2030 | ~$2,003,158 | ~$2,003,158 | ~1.8837% | ~$37,734 | +44.6% |
| 2026 | ~$1,463,544 | ~$1,463,544 | ~2.0465% | ~$29,951 | +5.7% |
| 2027 | ~$1,546,333 | ~$1,546,333 | ~2.0465% | ~$31,645 | +11.6% |
| 2028 | ~$1,633,806 | ~$1,633,806 | ~2.0465% | ~$33,436 | +17.9% |
| 2029 | ~$1,726,227 | ~$1,726,227 | ~2.0465% | ~$35,327 | +24.6% |
| 2030 | ~$1,823,876 | ~$1,823,876 | ~2.0465% | ~$37,325 | +31.7% |
| 2026 | ~$1,518,951 | ~$1,518,951 | ~1.9977% | ~$30,344 | +9.7% |
| 2027 | ~$1,665,633 | ~$1,665,633 | ~1.9488% | ~$32,461 | +20.2% |
| 2028 | ~$1,826,480 | ~$1,826,480 | ~1.9000% | ~$34,703 | +31.9% |
| 2029 | ~$2,002,859 | ~$2,002,859 | ~1.8512% | ~$37,077 | +44.6% |
| 2030 | ~$2,196,270 | ~$2,196,270 | ~1.8024% | ~$39,585 | +58.6% |
In 2025, this property's market value of $1,385,187 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -2% 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 | $1,385,187 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,166,466 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,000,000 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,000,000 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $1,031,200 | $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.