218 S LAMAR BLVD TX 78704
| Owner | 218 ZILKER POINT OWNER LLC |
|---|---|
| Parcel ID | 0105020102 |
| Short ID | 104343 |
| Type | Real |
| Use Code | 50 Office Hi-Rise (≥6 Stories) |
| Valuation | Income |
| Improvement SF | 83,828 SF |
| Land SF | 55,146 SF |
| Acres | 1.266 |
| Year Built | 2023 |
| Legal | LOT B SEIDERS G C SUBD NO 2 |
| Neighborhood | 32CEN |
| Land | $11,029,200 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $11,029,200 |
| Improvement | $31,930,134 |
|---|---|
| Total Improvement | $31,930,134 |
| Market | $42,959,334 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $42,959,334 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $42,959,334 |
| Taxable Value | $42,959,334 |
|---|
Appreciation: Market value has risen +528.9% from $6,831,221 (2021) to $42,959,334 (2025), a CAGR of 58.4% 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 +17.8%, 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 $879,156. 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 26% of market value ($11,029,200 land vs $31,930,134 improvements), about $200/SF of land. Most value sits in the improvements, so building condition, age (~3 yrs), and rent roll drive the underwriting.
Submarket Position: At $42,959,334, this parcel sits in the top quartile (≥75th percentile) of Commercial property in Travis County — county median $1,382,921 (P25 $632,506 / P75 $3,258,143, n=13,595). 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 +45.9% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $298,412,612 by 2031, with an estimated annual tax burden around $1,369,754. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 487 | PARKING UNDER | 236,940 SF | ✓ |
| ADDL | Additional Floor | 50,919 SF | ✓ |
| 2ND | 2nd Floor | 30,036 SF | ✓ |
| 3RD | 3rd Floor | 30,036 SF | ✓ |
| 4TH | 4th Floor | 30,036 SF | ✓ |
| 5TH | 5th Floor | 30,036 SF | ✓ |
| 1ST | 1st Floor | 23,756 SF | ✓ |
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.
| 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% | $351,576.00 | $351,576.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $199,126.46 | $199,126.46 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $142,821.10 | $142,821.10 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $44,848.74 | $44,848.74 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $39,292.00 | $39,292.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $777,664.30 | $777,664.30 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $351,576.00 | 45.2% |
| CAT City of Austin | 0.5240% | $199,126.46 | 25.6% |
| TCO Travis County | 0.3758% | $142,821.10 | 18.4% |
| THD Travis Central Health | 0.1180% | $44,848.74 | 5.8% |
| ACT Austin Community College | 0.1034% | $39,292.00 | 5.1% |
| Total | 2.0465% | $777,664.30 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $45,150,000 | $42,959,334 | +5.1% |
| Assessed Value | $45,150,000 | $42,959,334 | +5.1% |
| Land Value | $11,029,200 | $11,029,200 | +0.0% |
| Improvement Value | $34,120,800 | $31,930,134 | +6.9% |
| Taxable Value | $45,150,000 | $42,959,334 | +5.1% |
| Total Tax 2026 = estimate |
~$923,988
Estimated
|
~$777,664
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $45,150,000 | $11,029,200 | $34,120,800 | — | $45,150,000 | $45,150,000 | Not yet — post-cert | Preliminary |
| 2025 | $42,959,334 | $11,029,200 | $31,930,134 | — | $42,959,334 | $42,959,334 | ~$777,664 | Partial |
| 2024 | $44,038,325 | $11,029,200 | $33,009,125 | — | $44,038,325 | $44,038,325 | $872,758 | Verified |
| 2023 | $11,001,000 | $11,029,200 | — | — | $11,001,000 | $11,001,000 | $199,035 | Verified |
| 2022 | $6,618,520 | $6,617,520 | $1,000 | — | $6,618,520 | $6,618,520 | $130,711 | Verified |
| 2021 | $6,831,221 | $6,617,520 | $213,701 | — | $6,831,221 | $6,831,221 | $148,694 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +5.1% | +5.1% | ~100% | Not available | Partial |
| 2025 | -2.5% | -2.5% | ~100% | Not available | Partial |
| 2024 | +300.3% ! | +300.3% | ~100% | No billing data | Verified |
| 2023 | +66.2% | +66.2% | ~100% | No billing data | Verified |
| 2022 | -3.1% | -3.1% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +528.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +5.1% | +73.2% | +45.9% | +300.3% | 2024 | -3.1% | 2022 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.8100% | 1.8100% | — | 1.8100% | 2025 | 1.8100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$777,664 | $425,772 | ~$1,178,067 | $872,758 | 2024 | $130,711 | 2022 |
Market value changed by 300% in 2024, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$65,870,300 | ~$49,665,000 | ~2.0139% | ~$1,000,222 | +45.9% |
| 2028 | ~$96,099,587 | ~$54,631,500 | ~1.9814% | ~$1,082,462 | +112.8% |
| 2029 | ~$140,201,741 | ~$60,094,650 | ~1.9488% | ~$1,171,148 | +210.5% |
| 2030 | ~$204,543,315 | ~$66,104,115 | ~1.9163% | ~$1,266,747 | +353.0% |
| 2031 | ~$298,412,612 | ~$72,714,527 | ~1.8837% | ~$1,369,754 | +560.9% |
| 2027 | ~$64,967,300 | ~$49,665,000 | ~2.0465% | ~$1,016,387 | +43.9% |
| 2028 | ~$93,482,835 | ~$54,631,500 | ~2.0465% | ~$1,118,025 | +107.0% |
| 2029 | ~$134,514,449 | ~$60,094,650 | ~2.0465% | ~$1,229,828 | +197.9% |
| 2030 | ~$193,555,714 | ~$66,104,115 | ~2.0465% | ~$1,352,811 | +328.7% |
| 2031 | ~$278,511,452 | ~$72,714,527 | ~2.0465% | ~$1,488,092 | +516.9% |
| 2027 | ~$66,773,300 | ~$49,665,000 | ~1.9977% | ~$992,139 | +47.9% |
| 2028 | ~$98,752,459 | ~$54,631,500 | ~1.9488% | ~$1,064,680 | +118.7% |
| 2029 | ~$146,047,122 | ~$60,094,650 | ~1.9000% | ~$1,141,808 | +223.5% |
| 2030 | ~$215,992,208 | ~$66,104,115 | ~1.8512% | ~$1,223,715 | +378.4% |
| 2031 | ~$319,435,491 | ~$72,714,527 | ~1.8024% | ~$1,310,586 | +607.5% |
In 2025, this property's market value of $42,959,334 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — 31× the county median of $1,382,921. 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 | $42,959,334 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $44,038,325 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $11,001,000 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| 2022 | $6,618,520 | $535,964 | $1,190,250 | $2,842,216 | ↑ Top 25% | +3.3% |
| 2021 | $6,831,221 | $538,645 | $1,173,514 | $2,782,974 | ↑ Top 25% | base yr |
| Source | What it provides | Coverage for this parcel | Confidence |
|---|---|---|---|
| TCAD Certified Appraisal Roll ↗ | Market, assessed, and taxable value; land/improvement split; exemptions | 2025 | Certified |
| Texas Comptroller Annual Jurisdiction Roll (AJR) | Prior-year market and taxable value | 2021–2024 | Verified |
| TCAD Preliminary Export ↗ | First-look 2026 appraisal value, subject to change at certification | 2026 (exported June 9, 2026; certifies July 25, 2026) | Preliminary |
| Travis County Rates History ↗ | Adopted tax rate for each of this parcel's taxing entities | 1990–2025 | Verified |
| TaxCurOpenData | Current-year (2025) tax billing, by taxing entity | 2025 | Partial |
| PIR bulk billing export | Prior-year tax billing, Travis County Tax Office | 2021, 2022, 2023, 2024 | Verified |
| Satellite imagery (Esri World Imagery) | Aerial view of the parcel | Located by geocoding this parcel's address — may not resolve for every address | — |