1602 S LAMAR BLVD AUSTIN, TX 78704
| Owner | 1602 S LAMAR LLC |
|---|---|
| Parcel ID | 0100050704 |
| Short ID | 100316 |
| Type | Real |
| Use Code | 83 Service / Repair Garage |
| Valuation | Income |
| Improvement SF | 2,086 SF |
| Land SF | 11,765 SF |
| Acres | 0.270 |
| Year Built | 1949 |
| Legal | LOT 2 REEDER FRANK SUBD |
| Neighborhood | 83CEN |
| Land | $2,000,050 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,000,050 |
| Improvement | $1 |
|---|---|
| Total Improvement | $1 |
| Market | $2,000,051 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,000,051 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,000,051 |
| Taxable Value | $2,000,051 |
|---|
Appreciation: Market value has risen +45.3% from $1,376,083 (2021) to $2,000,051 (2025), a CAGR of 9.8% 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 $40,931. 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 100% of market value ($2,000,050 land vs $1 improvements), about $170/SF of land. With value concentrated in the land under a ~77-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $2,000,051, 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 +9.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,191,807 by 2030, with an estimated annual tax burden around $60,125. 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 | 9,124 SF | ✗ |
| 1ST | 1st Floor | 2,086 SF | ✓ |
| 501 | CANOPY | 352 SF | ✗ |
| 541 | FENCE COMM LF | 280 SF | ✗ |
| SO | Sketch Only | 224 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% | $18,504.47 | $18,504.47 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $10,480.61 | $10,480.61 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,517.09 | $7,517.09 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,360.52 | $2,360.52 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,068.05 | $2,068.05 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $40,930.74 | $40,930.74 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,000,051 | $2,000,051 | +0.0% |
| Assessed Value | $2,000,051 | $2,000,051 | +0.0% |
| Land Value | $2,000,050 | $2,000,050 | +0.0% |
| Improvement Value | $1 | $1 | +0.0% |
| Taxable Value | $2,000,051 | $2,000,051 | +0.0% |
| Total Tax 2026 = estimate |
~$40,931
Estimated
|
~$40,931
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,174,408 | $2,000,051 | -174,357 (-8.0%) |
| Taxable Value | $2,174,408 | $2,000,051 | -174,357 (-8.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,000,051 | $2,000,050 | $1 | — | $2,000,051 | $2,000,051 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,000,051 | $2,000,050 | $1 | — | $2,000,051 | $2,000,051 | ~$40,931 | Partial |
| 2024 | $1,981,925 | — | — | — | $2,000,050 ! | $— | $39,792 | Verified |
| 2023 | $1,427,655 | — | — | — | $1,981,925 ! | $— | $35,858 | Verified |
| 2022 | $1,367,880 | — | — | — | $1,411,800 ! | $— | $28,195 | Verified |
| 2021 | $1,376,083 | — | — | −$34,873 | $1,341,210 | $— | $29,774 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +8.7% | +8.7% | ~100% | Not available | Partial |
| 2025 | -0.4% | -0.4% | ~100% | Not available | Partial |
| 2024 | +1.3% | +1.3% | ~100% | 1.9800% | Verified |
| 2023 | +38.8% | +38.8% | ~100% | 1.8100% | Verified |
| 2022 | +4.4% | +4.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +46.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +8.7% | +9.8% | +38.8% | 2024 | -0.6% | 2022 |
| Assessment Ratio | 100.0% | 106.7% | — | 138.8% | 2023 | 97.5% | 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 |
$40,931 | $34,910 | ~$51,886 | $40,931 | 2025 | $28,195 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,196,040 | ~$2,196,040 | ~2.0139% | ~$44,227 | +9.8% |
| 2027 | ~$2,411,234 | ~$2,411,234 | ~1.9814% | ~$47,776 | +20.6% |
| 2028 | ~$2,647,515 | ~$2,647,515 | ~1.9488% | ~$51,596 | +32.4% |
| 2029 | ~$2,906,950 | ~$2,906,950 | ~1.9163% | ~$55,706 | +45.3% |
| 2030 | ~$3,191,807 | ~$3,191,807 | ~1.8837% | ~$60,125 | +59.6% |
| 2026 | ~$2,156,039 | ~$2,156,039 | ~2.0465% | ~$44,123 | +7.8% |
| 2027 | ~$2,324,192 | ~$2,324,192 | ~2.0465% | ~$47,564 | +16.2% |
| 2028 | ~$2,505,460 | ~$2,505,460 | ~2.0465% | ~$51,274 | +25.3% |
| 2029 | ~$2,700,865 | ~$2,700,865 | ~2.0465% | ~$55,273 | +35.0% |
| 2030 | ~$2,911,511 | ~$2,911,511 | ~2.0465% | ~$59,584 | +45.6% |
| 2026 | ~$2,236,041 | ~$2,200,056 | ~1.9977% | ~$43,950 | +11.8% |
| 2027 | ~$2,499,875 | ~$2,420,062 | ~1.9488% | ~$47,163 | +25.0% |
| 2028 | ~$2,794,840 | ~$2,662,068 | ~1.9000% | ~$50,580 | +39.7% |
| 2029 | ~$3,124,608 | ~$2,928,275 | ~1.8512% | ~$54,208 | +56.2% |
| 2030 | ~$3,493,287 | ~$3,221,102 | ~1.8024% | ~$58,056 | +74.7% |
In 2025, this property's market value of $2,000,051 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +41% 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 | $2,000,051 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,981,925 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,427,655 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,367,880 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,376,083 | $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.