2907 S 1 ST TX 78704
| Owner | 2907 S 1ST ST LLC |
|---|---|
| Parcel ID | 0405030658 |
| Short ID | 307288 |
| Type | Real |
| Use Code | 48 Convenience Store |
| Valuation | Income |
| Improvement SF | 2,512 SF |
| Land SF | 14,520 SF |
| Acres | 0.333 |
| Year Built | 2016 |
| Legal | LOT 1-2 BLK A SOUTH PARK SEC 1 |
| Neighborhood | 48CEN |
| Land | $1,887,600 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,887,600 |
| Improvement | $487,400 |
|---|---|
| Total Improvement | $487,400 |
| Market | $2,375,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,375,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,375,000 |
| Taxable Value | $2,375,000 |
|---|
Appreciation: Market value has risen +72.6% from $1,376,017 (2021) to $2,375,000 (2025), a CAGR of 14.6% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→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 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $48,604. 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 79% of market value ($1,887,600 land vs $487,400 improvements), about $130/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 $2,375,000, 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 +14.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,698,545 by 2030, with an estimated annual tax burden around $72,052. 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 | 12,250 SF | ✗ |
| 1ST | 1st Floor | 2,512 SF | ✓ |
| 501 | CANOPY | 1,520 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% | $21,973.50 | $21,973.50 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $12,445.40 | $12,445.40 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $8,926.32 | $8,926.32 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,803.05 | $2,803.05 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,455.75 | $2,455.75 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $48,604.02 | $48,604.02 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,375,000 | $2,375,000 | +0.0% |
| Assessed Value | $2,375,000 | $2,375,000 | +0.0% |
| Land Value | $1,887,600 | $1,887,600 | +0.0% |
| Improvement Value | $487,400 | $487,400 | +0.0% |
| Taxable Value | $2,375,000 | $2,375,000 | +0.0% |
| Total Tax 2026 = estimate |
~$48,604
Estimated
|
~$48,604
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,460,771 | $2,375,000 | -85,771 (-3.5%) |
| Taxable Value | $2,460,771 | $2,375,000 | -85,771 (-3.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,375,000 | $1,887,600 | $487,400 | — | $2,375,000 | $2,375,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,375,000 | $1,887,600 | $487,400 | — | $2,375,000 | $2,375,000 | ~$48,604 | Partial |
| 2024 | $2,300,000 | — | — | −$412,400 | $1,887,600 | $— | $47,068 | Verified |
| 2023 | $1,420,705 | — | — | — | $1,887,600 ! | $— | $41,613 | Verified |
| 2022 | $1,424,960 | — | — | −$408,560 | $1,016,400 | $— | $28,058 | Verified |
| 2021 | $1,376,017 | — | — | −$359,617 | $1,016,400 | $— | $31,017 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.6% | +3.6% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +3.3% | +3.3% | ~100% | 1.9800% | Verified |
| 2023 | +61.9% | +61.9% | ~100% | 1.8100% | Verified |
| 2022 | -0.3% | -0.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +66.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +13.7% | +14.6% | +61.9% | 2024 | -0.3% | 2023 |
| Assessment Ratio | 100.0% | 93.4% | — | 132.9% | 2023 | 71.3% | 2022 |
| 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 |
$48,604 | $39,272 | ~$61,969 | $48,604 | 2025 | $28,058 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,722,222 | ~$2,612,500 | ~2.0139% | ~$52,614 | +14.6% |
| 2027 | ~$3,120,208 | ~$2,873,750 | ~1.9814% | ~$56,940 | +31.4% |
| 2028 | ~$3,576,378 | ~$3,161,125 | ~1.9488% | ~$61,605 | +50.6% |
| 2029 | ~$4,099,241 | ~$3,477,238 | ~1.9163% | ~$66,634 | +72.6% |
| 2030 | ~$4,698,545 | ~$3,824,961 | ~1.8837% | ~$72,052 | +97.8% |
| 2026 | ~$2,674,722 | ~$2,612,500 | ~2.0465% | ~$53,464 | +12.6% |
| 2027 | ~$3,012,269 | ~$2,873,750 | ~2.0465% | ~$58,811 | +26.8% |
| 2028 | ~$3,392,414 | ~$3,161,125 | ~2.0465% | ~$64,692 | +42.8% |
| 2029 | ~$3,820,532 | ~$3,477,238 | ~2.0465% | ~$71,161 | +60.9% |
| 2030 | ~$4,302,679 | ~$3,824,961 | ~2.0465% | ~$78,277 | +81.2% |
| 2026 | ~$2,769,722 | ~$2,612,500 | ~1.9977% | ~$52,189 | +16.6% |
| 2027 | ~$3,230,047 | ~$2,873,750 | ~1.9488% | ~$56,005 | +36.0% |
| 2028 | ~$3,766,877 | ~$3,161,125 | ~1.9000% | ~$60,062 | +58.6% |
| 2029 | ~$4,392,927 | ~$3,477,238 | ~1.8512% | ~$64,370 | +85.0% |
| 2030 | ~$5,123,026 | ~$3,824,961 | ~1.8024% | ~$68,940 | +115.7% |
In 2025, this property's market value of $2,375,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +68% 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 | $2,375,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,300,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,420,705 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,424,960 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,376,017 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above 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.