1212 S LAMAR BLVD TX 78704
| Owner | ALBAR PROPERTIES L P |
|---|---|
| Parcel ID | 0102040401 |
| Short ID | 102135 |
| Type | Real |
| Use Code | 32 Restaurant |
| Valuation | Income |
| Improvement SF | 1,800 SF |
| Land SF | 20,764 SF |
| Acres | 0.477 |
| Year Built | 1972 |
| Legal | LOT 1 BLK A SOUTH LAMAR SQUARE |
| Neighborhood | 32CEN |
| Land | $3,737,520 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,737,520 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $3,160,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,160,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,160,000 |
| Taxable Value | $3,160,000 |
|---|
Appreciation: Market value has risen +29.0% from $2,450,000 (2021) to $3,160,000 (2025), a CAGR of 6.6% over 4 years. This represents moderate, steady growth. 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 $64,669. 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 118% of market value ($3,737,520 land vs $0 improvements), about $180/SF of land. With value concentrated in the land under a ~54-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 $3,160,000, 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 +6.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,343,485 by 2030, with an estimated annual tax burden around $81,820. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 18,000 SF | ✗ |
| 1ST | 1st Floor | 1,800 SF | ✓ |
| 501 | CANOPY | 1,116 SF | ✗ |
| 611 | TERRACE | 1,038 SF | ✗ |
| 327 | STORAGE COMM'L | 240 SF | ✓ |
| 437 | FENCE MASON LF | 30 SF | ✗ |
| 541 | FENCE COMM LF | 20 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% | $29,236.32 | $29,236.32 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $16,558.94 | $16,558.94 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $11,876.70 | $11,876.70 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,729.53 | $3,729.53 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,267.44 | $3,267.44 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $64,668.93 | $64,668.93 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,786,731 | $3,160,000 | +19.8% |
| Assessed Value | $3,786,731 | $3,160,000 | +19.8% |
| Land Value | $3,737,520 | $3,737,520 | +0.0% |
| Improvement Value | $49,211 | — | — |
| Taxable Value | $3,786,731 | $3,160,000 | +19.8% |
| Total Tax 2026 = estimate |
~$77,495
Estimated
|
~$64,669
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,786,731 | $3,786,731 | +0 (+0.0%) |
| Taxable Value | $3,786,731 | $3,786,731 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,786,731 | $3,737,520 | $49,211 | — | $3,786,731 | $3,786,731 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,160,000 | $3,737,520 | — | — | $3,160,000 | $3,160,000 | ~$64,669 | Partial |
| 2024 | $3,820,730 | — | — | −$83,210 | $3,737,520 | $— | $75,928 | Verified |
| 2023 | $2,561,660 | — | — | — | $3,737,520 ! | $— | $69,126 | Verified |
| 2022 | $2,557,680 | — | — | −$66,000 | $2,491,680 | $— | $50,591 | Verified |
| 2021 | $2,450,000 | — | — | — | $2,491,680 ! | $— | $55,672 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +19.8% | +19.8% | ~100% | Not available | Partial |
| 2025 | -17.5% | -17.5% | ~100% | Not available | Partial |
| 2024 | -0.1% | -0.1% | ~100% | 1.9800% | Verified |
| 2023 | +49.7% | +49.7% | ~100% | 1.8000% | Verified |
| 2022 | +0.2% | +0.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +23.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +19.8% | +11.3% | +3.0% | +49.2% | 2024 | -17.3% | 2025 |
| Assessment Ratio | 100.0% | 107.1% | — | 145.9% | 2023 | 97.4% | 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 |
$64,669 | $63,197 | ~$74,677 | $75,928 | 2024 | $50,591 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,367,575 | ~$3,367,575 | ~2.0139% | ~$67,821 | +6.6% |
| 2027 | ~$3,588,786 | ~$3,588,786 | ~1.9814% | ~$71,108 | +13.6% |
| 2028 | ~$3,824,528 | ~$3,824,528 | ~1.9488% | ~$74,534 | +21.0% |
| 2029 | ~$4,075,755 | ~$4,075,755 | ~1.9163% | ~$78,103 | +29.0% |
| 2030 | ~$4,343,485 | ~$4,343,485 | ~1.8837% | ~$81,820 | +37.5% |
| 2026 | ~$3,304,375 | ~$3,304,375 | ~2.0465% | ~$67,624 | +4.6% |
| 2027 | ~$3,455,347 | ~$3,455,347 | ~2.0465% | ~$70,713 | +9.3% |
| 2028 | ~$3,613,217 | ~$3,613,217 | ~2.0465% | ~$73,944 | +14.3% |
| 2029 | ~$3,778,299 | ~$3,778,299 | ~2.0465% | ~$77,322 | +19.6% |
| 2030 | ~$3,950,923 | ~$3,950,923 | ~2.0465% | ~$80,855 | +25.0% |
| 2026 | ~$3,430,775 | ~$3,430,775 | ~1.9977% | ~$68,535 | +8.6% |
| 2027 | ~$3,724,753 | ~$3,724,753 | ~1.9488% | ~$72,589 | +17.9% |
| 2028 | ~$4,043,921 | ~$4,043,921 | ~1.9000% | ~$76,835 | +28.0% |
| 2029 | ~$4,390,439 | ~$4,390,439 | ~1.8512% | ~$81,276 | +38.9% |
| 2030 | ~$4,766,648 | ~$4,766,648 | ~1.8024% | ~$85,913 | +50.8% |
In 2025, this property's market value of $3,160,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +123% 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 | $3,160,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $3,820,730 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $2,561,660 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,557,680 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,450,000 | $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.