517 S LAMAR BLVD TX 78704
| Owner | MURPHEY-GRAY PROPERTIES |
|---|---|
| Parcel ID | 0102020121 |
| Short ID | 101876 |
| Type | Real |
| Use Code | 46 Discount Store (>25,000 SF) |
| Valuation | Income |
| Improvement SF | 35,026 SF |
| Land SF | 80,542 SF |
| Acres | 1.849 |
| Year Built | 1979 |
| Legal | LOT 1 LAYNE BOBBY SUBD |
| Neighborhood | 43CEN |
| Land | $15,302,980 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $15,302,980 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $14,207,520 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $14,207,520 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $14,207,520 |
| Taxable Value | $14,207,520 |
|---|
Appreciation: Market value has risen +43.3% from $9,917,313 (2021) to $14,207,520 (2025), a CAGR of 9.4% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2022), 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 $290,755. 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 108% of market value ($15,302,980 land vs $0 improvements), about $190/SF of land. With value concentrated in the land under a ~47-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 $14,207,520, 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 +9.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $22,267,609 by 2030, with an estimated annual tax burden around $419,464. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 40,000 SF | ✗ |
| 491 | SPRINKLER HEADS | 35,026 SF | ✗ |
| 1ST | 1st Floor | 34,019 SF | ✓ |
| 611 | TERRACE | 2,233 SF | ✗ |
| 2ND | 2nd Floor | 1,007 SF | ✓ |
| 501 | CANOPY | 544 SF | ✗ |
| Unit (prop_id) | Owner | Address | Market Value | Assessed Value | Taxable Value |
|---|---|---|---|---|---|
| 101876 | MURPHEY-GRAY PROPERTIES | 517 LAMAR BLVD 78704 | $14,207,520 | $14,207,520 | $14,207,520 |
| 6042913 | — | 517 LAMAR BLVD 78704 | — | — | — |
Market value changed by 164% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $131,447.98 | $131,447.98 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $74,449.82 | $74,449.82 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $53,398.25 | $53,398.25 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $16,768.14 | $16,768.14 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $14,690.58 | $14,690.58 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $290,754.77 | $290,754.77 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $14,207,520 | $14,207,520 | +0.0% |
| Assessed Value | $14,207,520 | $14,207,520 | +0.0% |
| Land Value | $15,302,980 | $15,302,980 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $14,207,520 | $14,207,520 | +0.0% |
| Total Tax 2026 = estimate |
~$290,755
Estimated
|
~$290,755
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $14,207,520 | $14,207,520 | +0 (+0.0%) |
| Taxable Value | $14,207,520 | $14,207,520 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $14,207,520 | $15,302,980 | — | — | $14,207,520 | $14,207,520 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $14,207,520 | $15,302,980 | — | — | $14,207,520 | $14,207,520 | ~$290,755 | Partial |
| 2024 | $14,212,000 | — | — | −$4,480 | $14,207,520 | $— | $281,567 | Verified |
| 2023 | $10,778,510 | — | — | — | $14,212,000 ! | $— | $257,130 | Verified |
| 2022 | $15,714,129 | $9,665,040 | — | −$5,492,354 | $10,221,775 | $5,389,255 | $106,434 | Verified |
| 2021 | $9,917,313 | — | — | −$252,273 | $9,665,040 | $— | $224,739 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -0.0% | -0.0% | ~100% | 1.9800% | Verified |
| 2023 | +163.7% ! | +163.7% | ~100% | 1.8100% | Verified |
| 2022 | -47.8% | -47.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +37.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +11.8% | +9.4% | +58.5% | 2022 | -31.4% | 2023 |
| Assessment Ratio | 100.0% | 99.1% | — | 131.9% | 2023 | 65.0% | 2022 |
| 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 |
$290,755 | $232,125 | ~$364,408 | $290,755 | 2025 | $106,434 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$15,543,519 | ~$15,543,519 | ~2.0139% | ~$313,037 | +9.4% |
| 2027 | ~$17,005,148 | ~$17,005,148 | ~1.9814% | ~$336,938 | +19.7% |
| 2028 | ~$18,604,220 | ~$18,604,220 | ~1.9488% | ~$362,566 | +30.9% |
| 2029 | ~$20,353,661 | ~$20,353,661 | ~1.9163% | ~$390,035 | +43.3% |
| 2030 | ~$22,267,609 | ~$22,267,609 | ~1.8837% | ~$419,464 | +56.7% |
| 2026 | ~$15,259,368 | ~$15,259,368 | ~2.0465% | ~$312,281 | +7.4% |
| 2027 | ~$16,389,090 | ~$16,389,090 | ~2.0465% | ~$335,400 | +15.4% |
| 2028 | ~$17,602,450 | ~$17,602,450 | ~2.0465% | ~$360,231 | +23.9% |
| 2029 | ~$18,905,640 | ~$18,905,640 | ~2.0465% | ~$386,901 | +33.1% |
| 2030 | ~$20,305,312 | ~$20,305,312 | ~2.0465% | ~$415,545 | +42.9% |
| 2026 | ~$15,827,669 | ~$15,628,272 | ~1.9977% | ~$312,200 | +11.4% |
| 2027 | ~$17,632,571 | ~$17,191,099 | ~1.9488% | ~$335,027 | +24.1% |
| 2028 | ~$19,643,295 | ~$18,910,209 | ~1.9000% | ~$359,297 | +38.3% |
| 2029 | ~$21,883,310 | ~$20,801,230 | ~1.8512% | ~$385,071 | +54.0% |
| 2030 | ~$24,378,765 | ~$22,881,353 | ~1.8024% | ~$412,407 | +71.6% |
In 2025, this property's market value of $14,207,520 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 10× 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 | $14,207,520 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $14,212,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $10,778,510 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $15,714,129 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $9,917,313 | $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.