400 LAVACA ST TX 78701
| Owner | RB ZAZA AUSTIN LLC |
|---|---|
| Parcel ID | 0206012302 |
| Short ID | 877673 |
| Type | Real |
| Use Code | 34 Hotel — Full Service |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 13,360 SF |
| Acres | 0.307 |
| Year Built | — |
| Legal | UNT HOTEL UNIT REPUBLIC SQUARE MASTER CONDOMINIUM PLUS 37.72 % INT IN COM AREA |
| Neighborhood | 34CBD1 |
| Land | $13,894,306 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $13,894,306 |
| Improvement | $39,046,928 |
|---|---|
| Total Improvement | $39,046,928 |
| Market | $52,941,234 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $52,941,234 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $52,941,234 |
| Taxable Value | $52,941,234 |
|---|
Appreciation: Market value has risen +55.2% from $34,120,000 (2021) to $52,941,234 (2025), a CAGR of 11.6% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $1,083,434. Austin ISD is the largest single contributor, at 43.3% 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 ($13,894,306 land vs $39,046,928 improvements), about $1,040/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $52,941,234, 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 +9.4% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $83,541,974 by 2031, with an estimated annual tax burden around $1,573,716. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| ADDL | Additional Floor | 151,553 SF | ✓ |
| 187 | PARKING GARAGE | 101,000 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% | $489,812.30 | $489,812.30 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $277,421.07 | $277,421.07 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $198,976.98 | $198,976.98 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $62,482.83 | $62,482.83 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $54,741.24 | $54,741.24 | Paid |
| P2U | — | — | — | — | — | — | $48,508.14 | $48,508.14 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,131,942.56 | $1,131,942.56 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $489,812.30 | 43.3% |
| CAT City of Austin | 0.5240% | $277,421.07 | 24.5% |
| TCO Travis County | 0.3758% | $198,976.98 | 17.6% |
| THD Travis Central Health | 0.1180% | $62,482.83 | 5.5% |
| ACT Austin Community College | 0.1034% | $54,741.24 | 4.8% |
| P2U | — | $48,508.14 | 4.3% |
| Total | 2.0465% 5 of 6 | $1,131,942.56 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $53,389,626 | $52,941,234 | +0.8% |
| Assessed Value | $53,389,626 | $52,941,234 | +0.8% |
| Land Value | $16,031,892 | $13,894,306 | +15.4% |
| Improvement Value | $37,357,734 | $39,046,928 | -4.3% |
| Taxable Value | $53,389,626 | $52,941,234 | +0.8% |
| Total Tax 2026 = estimate |
~$1,092,611
Estimated
|
~$1,131,943
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $53,389,626 | $16,031,892 | $37,357,734 | — | $53,389,626 | $53,389,626 | Not yet — post-cert | Preliminary |
| 2025 | $52,941,234 | $13,894,306 | $39,046,928 | — | $52,941,234 | $52,941,234 | ~$1,131,943 | Partial |
| 2024 | $76,160,265 | $13,894,306 | $62,265,959 | — | $76,160,265 | $76,160,265 | $1,333,553 | Verified |
| 2023 | $59,000,000 | $5,014,976 | $53,985,024 | — | $59,000,000 | $59,000,000 | $1,031,411 | Verified |
| 2022 | $40,240,000 | $4,243,441 | $35,996,559 | — | $40,240,000 | $40,240,000 | $834,449 | Verified |
| 2021 | $34,120,000 | $4,243,441 | $29,876,559 | — | $34,120,000 | $34,120,000 | $732,431 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.8% | +0.8% | ~100% | Not available | Partial |
| 2025 | -30.5% | -30.5% | ~100% | Not available | Partial |
| 2024 | +29.1% | +29.1% | ~100% | No billing data | Verified |
| 2023 | +46.6% | +46.6% | ~100% | No billing data | Verified |
| 2022 | +17.9% | +17.9% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +55.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.8% | +12.8% | +9.4% | +46.6% | 2023 | -30.5% | 2025 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.1400% | 2.1400% | — | 2.1400% | 2025 | 2.1400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,131,943 | $1,012,757 | ~$1,367,986 | $1,333,553 | 2024 | $732,431 | 2021 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$58,391,072 | ~$58,391,072 | ~2.0139% | ~$1,175,959 | +9.4% |
| 2028 | ~$63,861,045 | ~$63,861,045 | ~1.9814% | ~$1,265,335 | +19.6% |
| 2029 | ~$69,843,435 | ~$69,843,435 | ~1.9488% | ~$1,361,136 | +30.8% |
| 2030 | ~$76,386,245 | ~$76,386,245 | ~1.9163% | ~$1,463,783 | +43.1% |
| 2031 | ~$83,541,974 | ~$83,541,974 | ~1.8837% | ~$1,573,716 | +56.5% |
| 2027 | ~$57,323,280 | ~$57,323,280 | ~2.0465% | ~$1,173,112 | +7.4% |
| 2028 | ~$61,546,758 | ~$61,546,758 | ~2.0465% | ~$1,259,545 | +15.3% |
| 2029 | ~$66,081,415 | ~$66,081,415 | ~2.0465% | ~$1,352,346 | +23.8% |
| 2030 | ~$70,950,177 | ~$70,950,177 | ~2.0465% | ~$1,451,985 | +32.9% |
| 2031 | ~$76,177,661 | ~$76,177,661 | ~2.0465% | ~$1,558,964 | +42.7% |
| 2027 | ~$59,458,865 | ~$58,728,589 | ~1.9977% | ~$1,173,199 | +11.4% |
| 2028 | ~$66,218,044 | ~$64,601,447 | ~1.9488% | ~$1,258,979 | +24.0% |
| 2029 | ~$73,745,594 | ~$71,061,592 | ~1.9000% | ~$1,350,182 | +38.1% |
| 2030 | ~$82,128,864 | ~$78,167,751 | ~1.8512% | ~$1,447,037 | +53.8% |
| 2031 | ~$91,465,128 | ~$85,984,527 | ~1.8024% | ~$1,549,760 | +71.3% |
In 2025, this property's market value of $52,941,234 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — 38× 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 | $52,941,234 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $76,160,265 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $59,000,000 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| 2022 | $40,240,000 | $535,964 | $1,190,250 | $2,842,216 | ↑ Top 25% | +3.3% |
| 2021 | $34,120,000 | $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 | — |