2723 S INTERSTATE HY 35 TX 78741
| Owner | 2723 JET STOP LLC |
|---|---|
| Parcel ID | 0309020417 |
| Short ID | 289735 |
| Type | Real |
| Use Code | 48 Convenience Store |
| Valuation | Income |
| Improvement SF | 3,000 SF |
| Land SF | 32,318 SF |
| Acres | 0.742 |
| Year Built | 1998 |
| Legal | LOT 2 EXEL SUBD I |
| Neighborhood | 48CEN |
| Land | $1,615,900 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,615,900 |
| Improvement | $287,382 |
|---|---|
| Total Improvement | $287,382 |
| Market | $1,903,282 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,903,282 |
| Value Limitation Adjustment (−) (homestead cap) | −$281,748 |
| Net Appraised (assessed) | $1,621,534 |
| Taxable Value | $1,621,534 |
|---|
Appreciation: Market value has risen +92.0% from $991,502 (2021) to $1,903,282 (2025), a CAGR of 17.7% over 4 years. This is strong appreciation — well above typical inflation. 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 $33,184. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($1,621,534) is $281,748 below market value, suggesting potential for an upward assessment in future years.
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 85% of market value ($1,615,900 land vs $287,382 improvements), about $50/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 $1,903,282, 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 +17.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,300,462 by 2030, with an estimated annual tax burden around $49,194. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 9,000 SF | ✗ |
| 501 | CANOPY | 4,060 SF | ✗ |
| 1ST | 1st Floor | 3,000 SF | ✓ |
Market value changed by 91% in 2024, 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $15,002.43 | $15,002.43 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $8,497.11 | $8,497.11 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,094.45 | $6,094.45 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,913.78 | $1,913.78 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,676.67 | $1,676.67 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $33,184.44 | $33,184.44 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,927,042 | $1,903,282 | +1.2% |
| Assessed Value | $1,927,042 | $1,621,534 | +18.8% |
| Land Value | $1,615,900 | $1,615,900 | +0.0% |
| Improvement Value | $311,142 | $287,382 | +8.3% |
| Taxable Value | $1,927,042 | $1,621,534 | +18.8% |
| Total Tax 2026 = estimate |
~$39,437
Estimated
|
~$33,184
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,178,610 | $1,927,042 | -251,568 (-11.5%) |
| Taxable Value | $1,945,841 | $1,927,042 | -18,799 (-1.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,927,042 | $1,615,900 | $311,142 | — | $1,927,042 | $1,927,042 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,903,282 | $1,615,900 | $287,382 | −$281,748 | $1,621,534 | $1,621,534 | ~$33,184 | Partial |
| 2024 | $1,126,065 | — | — | — | $1,615,900 ! | $— | $26,780 | Verified |
| 2023 | $997,878 | — | — | −$351,518 | $646,360 | $— | $20,373 | Verified |
| 2022 | $997,878 | — | — | −$351,518 | $646,360 | $— | $19,707 | Verified |
| 2021 | $991,502 | — | — | −$345,142 | $646,360 | $— | $21,721 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +14.5% | +20.0% | 89.3% | Not available | Partial |
| 2025 | -11.6% | +20.0% | 85.2% | Not available | Partial |
| 2024 | +91.3% ! | +20.0% | 62.7% | 1.2400% | Verified |
| 2023 | +12.8% | +12.8% | ~100% | 1.8100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +90.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.2% | +16.7% | +17.4% | +69.0% | 2025 | +0.0% | 2023 |
| Assessment Ratio | 100.0% | 87.2% | — | 143.5% | 2024 | 64.8% | 2022 |
| Effective Tax Rate (2025) | 1.7400% | 1.7400% | — | 1.7400% | 2025 | 1.7400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$33,184 | $24,353 | ~$42,309 | $33,184 | 2025 | $19,707 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,240,297 | ~$1,783,687 | ~2.0139% | ~$35,922 | +17.7% |
| 2027 | ~$2,636,987 | ~$1,962,056 | ~1.9814% | ~$38,876 | +38.5% |
| 2028 | ~$3,103,918 | ~$2,158,262 | ~1.9488% | ~$42,061 | +63.1% |
| 2029 | ~$3,653,530 | ~$2,374,088 | ~1.9163% | ~$45,494 | +92.0% |
| 2030 | ~$4,300,462 | ~$2,611,497 | ~1.8837% | ~$49,194 | +125.9% |
| 2026 | ~$2,202,231 | ~$1,783,687 | ~2.0465% | ~$36,503 | +15.7% |
| 2027 | ~$2,548,136 | ~$1,962,056 | ~2.0465% | ~$40,153 | +33.9% |
| 2028 | ~$2,948,372 | ~$2,158,262 | ~2.0465% | ~$44,169 | +54.9% |
| 2029 | ~$3,411,474 | ~$2,374,088 | ~2.0465% | ~$48,585 | +79.2% |
| 2030 | ~$3,947,315 | ~$2,611,497 | ~2.0465% | ~$53,444 | +107.4% |
| 2026 | ~$2,278,362 | ~$1,783,687 | ~1.9977% | ~$35,632 | +19.7% |
| 2027 | ~$2,727,360 | ~$1,962,056 | ~1.9488% | ~$38,237 | +43.3% |
| 2028 | ~$3,264,841 | ~$2,158,262 | ~1.9000% | ~$41,007 | +71.5% |
| 2029 | ~$3,908,244 | ~$2,374,088 | ~1.8512% | ~$43,949 | +105.3% |
| 2030 | ~$4,678,443 | ~$2,611,497 | ~1.8024% | ~$47,069 | +145.8% |
In 2025, this property's market value of $1,903,282 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +34% 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 | $1,903,282 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,126,065 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $997,878 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $997,878 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $991,502 | $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.