5117 N LAMAR BLVD TX 78751
| Owner | LAMAR 5117 LLC |
|---|---|
| Parcel ID | 0224070230 |
| Short ID | 223212 |
| Type | Real |
| Use Code | 24 Commercial Space Condos |
| Valuation | Income |
| Improvement SF | 33,357 SF |
| Land SF | 24,430 SF |
| Acres | 0.561 |
| Year Built | 2011 |
| Legal | LOT 1-7 LESS .0257AC & LOT 8-10 BLK A MURRAY PLACE |
| Neighborhood | 05NC |
| Land | $2,565,129 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,565,129 |
| Improvement | $8,164,871 |
|---|---|
| Total Improvement | $8,164,871 |
| Market | $10,730,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $10,730,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $10,730,000 |
| Taxable Value | $10,730,000 |
|---|
Appreciation: Market value has risen +16.6% from $9,200,000 (2021) to $10,730,000 (2025), a CAGR of 3.9% over 4 years. Growth has been relatively flat for this asset class. 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 Multi-Family parcel countywide rose +19.0%, so this parcel has lagged the broader multi-family 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 $219,588. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Multi-family residential. 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 24% of market value ($2,565,129 land vs $8,164,871 improvements), about $105/SF of land. Most value sits in the improvements, so building condition, age (~15 yrs), and rent roll drive the underwriting.
Submarket Position: At $10,730,000, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,086 (P25 $438,150 / P75 $747,031, n=12,570). Multi-Family here is the broad TCAD category — every multi-family 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 +4.9% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $14,892,322 by 2031, with an estimated annual tax burden around $280,533. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 34,224 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 13,618 SF | ✗ |
| 2ND | 2nd Floor | 13,375 SF | ✓ |
| 3RD | 3rd Floor | 10,581 SF | ✓ |
| 1ST | 1st Floor | 9,401 SF | ✓ |
| 4TH | 4th Floor | 2,258 SF | ✓ |
| 501 | CANOPY | 1,600 SF | ✗ |
| 581C | STORAGE ATT COMM | 999 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% | $99,273.96 | $99,273.96 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $56,227.02 | $56,227.02 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $40,328.17 | $40,328.17 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $12,663.87 | $12,663.87 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $11,094.82 | $11,094.82 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $219,587.84 | $219,587.84 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $99,273.96 | 45.2% |
| CAT City of Austin | 0.5240% | $56,227.02 | 25.6% |
| TCO Travis County | 0.3758% | $40,328.17 | 18.4% |
| THD Travis Central Health | 0.1180% | $12,663.87 | 5.8% |
| ACT Austin Community College | 0.1034% | $11,094.82 | 5.1% |
| Total | 2.0465% | $219,587.84 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $11,705,100 | $10,730,000 | +9.1% |
| Assessed Value | $11,705,100 | $10,730,000 | +9.1% |
| Land Value | $2,565,129 | $2,565,129 | +0.0% |
| Improvement Value | $9,139,971 | $8,164,871 | +11.9% |
| Taxable Value | $11,705,100 | $10,730,000 | +9.1% |
| Total Tax 2026 = estimate |
~$239,543
Estimated
|
~$219,588
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $11,705,100 | $2,565,129 | $9,139,971 | — | $11,705,100 | $11,705,100 | Not yet — post-cert | Preliminary |
| 2025 | $10,730,000 | $2,565,129 | $8,164,871 | — | $10,730,000 | $10,730,000 | ~$219,588 | Partial |
| 2024 | $10,990,000 | $2,565,129 | $8,424,871 | — | $10,990,000 | $10,990,000 | $201,065 | Verified |
| 2023 | $9,958,523 | $2,565,129 | $7,393,394 | — | $9,958,523 | $9,958,523 | $180,174 | Verified |
| 2022 | $9,616,050 | $2,198,682 | $7,417,368 | — | $9,616,050 | $9,616,050 | $189,910 | Verified |
| 2021 | $9,200,000 | $1,954,384 | $7,245,616 | — | $9,200,000 | $9,200,000 | $194,039 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +9.1% | +9.1% | ~100% | Not available | Partial |
| 2025 | -2.4% | -2.4% | ~100% | Not available | Partial |
| 2024 | +10.4% | +10.4% | ~100% | No billing data | Verified |
| 2023 | +3.6% | +3.6% | ~100% | No billing data | Verified |
| 2022 | +4.5% | +4.5% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +16.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +9.1% | +5.0% | +4.9% | +10.4% | 2024 | -2.4% | 2025 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| 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 |
$219,588 | $196,955 | ~$263,762 | $219,588 | 2025 | $180,174 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$12,282,664 | ~$12,282,664 | ~2.0139% | ~$247,365 | +4.9% |
| 2028 | ~$12,888,728 | ~$12,888,728 | ~1.9814% | ~$255,376 | +10.1% |
| 2029 | ~$13,524,696 | ~$13,524,696 | ~1.9488% | ~$263,575 | +15.5% |
| 2030 | ~$14,192,045 | ~$14,192,045 | ~1.9163% | ~$271,961 | +21.2% |
| 2031 | ~$14,892,322 | ~$14,892,322 | ~1.8837% | ~$280,533 | +27.2% |
| 2027 | ~$12,048,562 | ~$12,048,562 | ~2.0465% | ~$246,572 | +2.9% |
| 2028 | ~$12,402,103 | ~$12,402,103 | ~2.0465% | ~$253,807 | +6.0% |
| 2029 | ~$12,766,018 | ~$12,766,018 | ~2.0465% | ~$261,255 | +9.1% |
| 2030 | ~$13,140,611 | ~$13,140,611 | ~2.0465% | ~$268,921 | +12.3% |
| 2031 | ~$13,526,195 | ~$13,526,195 | ~2.0465% | ~$276,812 | +15.6% |
| 2027 | ~$12,516,766 | ~$12,516,766 | ~1.9977% | ~$250,043 | +6.9% |
| 2028 | ~$13,384,716 | ~$13,384,716 | ~1.9488% | ~$260,847 | +14.3% |
| 2029 | ~$14,312,852 | ~$14,312,852 | ~1.9000% | ~$271,947 | +22.3% |
| 2030 | ~$15,305,348 | ~$15,305,348 | ~1.8512% | ~$283,332 | +30.8% |
| 2031 | ~$16,366,667 | ~$16,366,667 | ~1.8024% | ~$294,988 | +39.8% |
In 2025, this property's market value of $10,730,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 21× the county median of $519,086. Multi-Family here is the broad TCAD category — every multi-family 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 | $10,730,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $10,990,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $9,958,523 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $9,616,050 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $9,200,000 | $353,349 | $436,046 | $657,886 | ↑ 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 | — |