1002 S PACE BEND RD TX 78669
| Owner | KB FAMILY INC |
|---|---|
| Parcel ID | 0554030301 |
| Short ID | 356579 |
| Type | Real |
| Use Code | 48 Convenience Store |
| Valuation | Income |
| Improvement SF | 2,460 SF |
| Land SF | 43,478 SF |
| Acres | 0.998 |
| Year Built | 1975 |
| Legal | LOT 3 MANSELL ROBERT E SUBD |
| Neighborhood | 48SWE |
| Land | $97,826 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $97,826 |
| Improvement | $320,537 |
|---|---|
| Total Improvement | $320,537 |
| Market | $418,363 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $418,363 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $418,363 |
| Taxable Value | $418,363 |
|---|
Appreciation: Market value has risen +32.5% from $315,792 (2021) to $418,363 (2025), a CAGR of 7.3% over 4 years. This represents moderate, steady growth. 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 1.7041% in 2025 (+0.0281% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $7,129. Lake Travis ISD is the largest single contributor, at 61.0% 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 23% of market value ($97,826 land vs $320,537 improvements), about $2/SF of land. Most value sits in the improvements, so building condition, age (~51 yrs), and rent roll drive the underwriting.
Submarket Position: At $418,363, this parcel sits in the bottom quartile (<25th 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 +7.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $594,625 by 2030, with an estimated annual tax burden around $8,794. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 15,000 SF | ✗ |
| 1ST | 1st Floor | 2,460 SF | ✓ |
| 501 | CANOPY | 1,668 SF | ✗ |
| 611 | TERRACE | 420 SF | ✗ |
| 482 | LIGHT POLES | 3 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 |
|---|---|---|---|---|---|---|---|---|---|
| ILT Lake Travis ISD | 1.2301% | 1.2121% | 1.0741% | 1.0656% | 1.0397% | -0.0259% | $4,028.82 | $4,028.82 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,456.39 | $1,456.39 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $457.34 | $457.34 | Paid |
| E08 Travis County ESD # 08 | 0.0970% | 0.0790% | 0.0810% | 0.0830% | 0.0930% | +0.0100% | $360.43 | $360.43 | Paid |
| E16 Travis County ESD # 16 | 0.0880% | 0.0740% | 0.0730% | 0.0750% | 0.0775% | +0.0025% | $300.31 | $300.31 | Paid |
| Combined Rate | 1.8843% | 1.7820% | 1.6334% | 1.6760% | 1.7041% | +0.0281% | $6,603.29 | $6,603.29 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $436,960 | $418,363 | +4.4% |
| Assessed Value | $436,960 | $418,363 | +4.4% |
| Land Value | $97,826 | $97,826 | +0.0% |
| Improvement Value | $339,134 | $320,537 | +5.8% |
| Taxable Value | $436,960 | $418,363 | +4.4% |
| Total Tax 2026 = estimate |
~$7,446
Estimated
|
~$6,603
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $436,960 | $436,960 | +0 (+0.0%) |
| Taxable Value | $436,960 | $436,960 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $436,960 | $97,826 | $339,134 | — | $436,960 | $436,960 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $418,363 | $97,826 | $320,537 | — | $418,363 | $418,363 | ~$6,603 | Partial |
| 2024 | $380,000 | — | — | −$282,174 | $97,826 | $— | $6,495 | Verified |
| 2023 | $310,000 | — | — | −$212,174 | $97,826 | $— | $6,207 | Verified |
| 2022 | $317,400 | — | — | −$219,574 | $97,826 | $— | $5,524 | Verified |
| 2021 | $315,792 | — | — | −$217,966 | $97,826 | $— | $5,981 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.4% | +4.4% | ~100% | Not available | Partial |
| 2025 | +0.4% | +0.4% | ~100% | Not available | Partial |
| 2024 | -1.0% | -1.0% | ~100% | 1.5600% | Verified |
| 2023 | +30.6% | +30.6% | ~100% | 1.4700% | Verified |
| 2022 | -0.0% | -0.0% | ~100% | 1.7100% | Verified |
| 2021 | base year | — | ~100% | 1.8900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +29.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +4.4% | +7.1% | +6.4% | +22.6% | 2024 | -2.3% | 2023 |
| Assessment Ratio | 100.0% | 53.2% | — | 100.0% | 2025 | 25.7% | 2024 |
| Effective Tax Rate (2025) | 1.5800% | 1.5800% | — | 1.5800% | 2025 | 1.5800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$6,603 | $6,162 | ~$8,113 | $6,603 | 2025 | $5,524 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$448,840 | ~$448,840 | ~1.6590% | ~$7,446 | +7.3% |
| 2027 | ~$481,537 | ~$481,537 | ~1.6140% | ~$7,772 | +15.1% |
| 2028 | ~$516,615 | ~$516,615 | ~1.5689% | ~$8,105 | +23.5% |
| 2029 | ~$554,250 | ~$554,250 | ~1.5239% | ~$8,446 | +32.5% |
| 2030 | ~$594,625 | ~$594,625 | ~1.4788% | ~$8,794 | +42.1% |
| 2026 | ~$440,472 | ~$440,472 | ~1.7041% | ~$7,506 | +5.3% |
| 2027 | ~$463,750 | ~$463,750 | ~1.7041% | ~$7,903 | +10.8% |
| 2028 | ~$488,258 | ~$488,258 | ~1.7041% | ~$8,320 | +16.7% |
| 2029 | ~$514,062 | ~$514,062 | ~1.7041% | ~$8,760 | +22.9% |
| 2030 | ~$541,229 | ~$541,229 | ~1.7041% | ~$9,223 | +29.4% |
| 2026 | ~$457,207 | ~$457,207 | ~1.6365% | ~$7,482 | +9.3% |
| 2027 | ~$499,658 | ~$499,658 | ~1.5689% | ~$7,839 | +19.4% |
| 2028 | ~$546,050 | ~$546,050 | ~1.5014% | ~$8,198 | +30.5% |
| 2029 | ~$596,749 | ~$596,749 | ~1.4338% | ~$8,556 | +42.6% |
| 2030 | ~$652,156 | ~$652,156 | ~1.3662% | ~$8,910 | +55.9% |
In 2025, this property's market value of $418,363 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -70% 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 | $418,363 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $380,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $310,000 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $317,400 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $315,792 | $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.