615 S LAMAR BLVD TX 78704
| Owner | 613 SOUTH LAMAR LLC |
|---|---|
| Parcel ID | 0102020116 |
| Short ID | 101872 |
| Type | Real |
| Use Code | 30 Strip Center (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 9,998 SF |
| Land SF | 24,699 SF |
| Acres | 0.567 |
| Year Built | 1956 |
| Legal | ABS 8 SUR 20 DECKER I ACR 0.5670 |
| Neighborhood | 30CEN |
| Land | $4,692,810 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,692,810 |
| Improvement | $40,532 |
|---|---|
| Total Improvement | $40,532 |
| Market | $4,733,342 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,733,342 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $4,733,342 |
| Taxable Value | $4,733,342 |
|---|
Appreciation: Market value has risen +10.0% from $4,302,583 (2021) to $4,733,342 (2025), a CAGR of 2.4% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2025→2026), 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 lagged 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 $96,867. 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 99% of market value ($4,692,810 land vs $40,532 improvements), about $190/SF of land. With value concentrated in the land under a ~70-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 $4,733,342, this parcel sits in the top quartile (≥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 +2.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,332,934 by 2030, with an estimated annual tax burden around $100,459. 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 |
|---|---|---|---|
| 611 | TERRACE | 9,421 SF | ✗ |
| 1ST | 1st Floor | 9,198 SF | ✓ |
| 501 | CANOPY | 4,941 SF | ✗ |
| 551 | PAVED AREA | 1,500 SF | ✗ |
| 2ND | 2nd Floor | 800 SF | ✓ |
| 581C | STORAGE ATT COMM | 616 SF | ✓ |
| 413 | STAIRWAY EXT | 1 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% | $43,792.88 | $43,792.88 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $24,803.52 | $24,803.52 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $17,790.03 | $17,790.03 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $5,586.43 | $5,586.43 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4,894.28 | $4,894.28 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $96,867.14 | $96,867.14 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $5,936,784 | $4,733,342 | +25.4% |
| Assessed Value | $5,680,010 | $4,733,342 | +20.0% |
| Land Value | $4,692,810 | $4,692,810 | +0.0% |
| Improvement Value | $1,243,974 | $40,532 | +2969.1% |
| Taxable Value | $5,680,010 | $4,733,342 | +20.0% |
| HS Cap Loss | -$256,774 | — | |
| Total Tax 2026 = estimate |
~$116,241
Estimated
|
~$96,867
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $5,936,784 | $5,936,784 | +0 (+0.0%) |
| Taxable Value | $5,680,010 | $5,680,010 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $5,936,784 | $4,692,810 | $1,243,974 | −$256,774 | $5,680,010 | $5,680,010 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,733,342 | $4,692,810 | $40,532 | — | $4,733,342 | $4,733,342 | ~$96,867 | Partial |
| 2024 | $4,604,126 | — | — | — | $4,692,810 ! | $— | $93,969 | Verified |
| 2023 | $4,000,000 | — | — | — | $4,604,126 ! | $— | $83,300 | Verified |
| 2022 | $3,922,016 | — | — | −$958,136 | $2,963,880 | $— | $78,997 | Verified |
| 2021 | $4,302,583 | — | — | −$1,338,703 | $2,963,880 | $— | $85,370 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +25.4% | +20.0% | 95.7% | Not available | Partial |
| 2025 | -0.2% | -0.2% | ~100% | Not available | Partial |
| 2024 | +3.0% | +3.0% | ~100% | 1.9800% | Verified |
| 2023 | +15.1% | +15.1% | ~100% | 1.8100% | Verified |
| 2022 | +2.0% | +2.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.9800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +20.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +25.4% | +7.3% | -1.7% | +25.4% | 2026 | -8.8% | 2022 |
| Assessment Ratio | 95.7% | 92.9% | — | 115.1% | 2023 | 68.9% | 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 |
$96,867 | $87,700 | ~$99,066 | $96,867 | 2025 | $78,997 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,847,609 | ~$4,847,609 | ~2.0139% | ~$97,628 | +2.4% |
| 2027 | ~$4,964,634 | ~$4,964,634 | ~1.9814% | ~$98,369 | +4.9% |
| 2028 | ~$5,084,484 | ~$5,084,484 | ~1.9488% | ~$99,088 | +7.4% |
| 2029 | ~$5,207,227 | ~$5,207,227 | ~1.9163% | ~$99,786 | +10.0% |
| 2030 | ~$5,332,934 | ~$5,332,934 | ~1.8837% | ~$100,459 | +12.7% |
| 2026 | ~$4,752,942 | ~$4,752,942 | ~2.0465% | ~$97,268 | +0.4% |
| 2027 | ~$4,772,623 | ~$4,772,623 | ~2.0465% | ~$97,671 | +0.8% |
| 2028 | ~$4,792,385 | ~$4,792,385 | ~2.0465% | ~$98,075 | +1.2% |
| 2029 | ~$4,812,229 | ~$4,812,229 | ~2.0465% | ~$98,482 | +1.7% |
| 2030 | ~$4,832,155 | ~$4,832,155 | ~2.0465% | ~$98,889 | +2.1% |
| 2026 | ~$4,942,275 | ~$4,942,275 | ~1.9977% | ~$98,730 | +4.4% |
| 2027 | ~$5,160,431 | ~$5,160,431 | ~1.9488% | ~$100,569 | +9.0% |
| 2028 | ~$5,388,217 | ~$5,388,217 | ~1.9000% | ~$102,377 | +13.8% |
| 2029 | ~$5,626,057 | ~$5,626,057 | ~1.8512% | ~$104,149 | +18.9% |
| 2030 | ~$5,874,395 | ~$5,874,395 | ~1.8024% | ~$105,878 | +24.1% |
In 2025, this property's market value of $4,733,342 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 3× 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 | $4,733,342 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $4,604,126 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $4,000,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $3,922,016 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $4,302,583 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 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.