1234 S LAMAR BLVD TX 78704
| Owner | 1300 LAMAR PLAZA LLC |
|---|---|
| Parcel ID | 0102040419 |
| Short ID | 102150 |
| Type | Real |
| Use Code | 32 Restaurant |
| Valuation | Income |
| Improvement SF | 1,920 SF |
| Land SF | 11,025 SF |
| Acres | 0.253 |
| Year Built | 1968 |
| Legal | LOT 21A BLK A RESUB OF LOTS 17,20-22 SOUTH LAMAR SQUARE |
| Neighborhood | 30CEN |
| Land | $1,874,250 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,874,250 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,847,236 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,847,236 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,847,236 |
| Taxable Value | $1,847,236 |
|---|
Appreciation: Market value has risen +56.4% from $1,180,840 (2021) to $1,847,236 (2025), a CAGR of 11.8% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $37,803. 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 101% of market value ($1,874,250 land vs $0 improvements), about $170/SF of land. With value concentrated in the land under a ~58-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 $1,847,236, 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 +11.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,231,741 by 2030, with an estimated annual tax burden around $56,041. 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 | 5,000 SF | ✗ |
| 1ST | 1st Floor | 1,920 SF | ✓ |
| 611 | TERRACE | 920 SF | ✗ |
| 501 | CANOPY | 520 SF | ✗ |
| 327 | STORAGE COMM'L | 480 SF | ✓ |
Market value changed by 81% in 2024, 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% | $15,728.40 | $15,728.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $8,908.29 | $8,908.29 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,389.37 | $6,389.37 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,006.39 | $2,006.39 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,757.80 | $1,757.80 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $34,790.25 | $34,790.25 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,700,000 | $1,847,236 | -8.0% |
| Assessed Value | $1,700,000 | $1,847,236 | -8.0% |
| Land Value | $1,874,250 | $1,874,250 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $1,700,000 | $1,847,236 | -8.0% |
| Total Tax 2026 = estimate |
~$34,790
Estimated
|
~$34,790
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,916,639 | $1,700,000 | -216,639 (-11.3%) |
| Taxable Value | $1,916,639 | $1,700,000 | -216,639 (-11.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,700,000 | $1,874,250 | — | — | $1,700,000 | $1,700,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,847,236 | $1,874,250 | — | — | $1,847,236 | $1,847,236 | ~$34,790 | Partial |
| 2024 | $1,485,020 | — | — | — | $3,373,650 ! | $— | $70,164 | Verified |
| 2023 | $1,485,020 | — | — | — | $1,485,020 | $— | $26,868 | Verified |
| 2022 | $1,421,807 | — | — | −$98,807 | $1,323,000 | $— | $29,328 | Verified |
| 2021 | $1,180,840 | — | — | — | $1,323,000 ! | $— | $27,637 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.8% | +3.8% | ~100% | Not available | Partial |
| 2025 | -47.8% | -47.8% | ~100% | Not available | Partial |
| 2024 | +80.9% ! | +80.9% | ~100% | 1.9800% | Verified |
| 2023 | +31.8% | +31.8% | ~100% | 1.3700% | Verified |
| 2022 | +4.4% | +4.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +29.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -8.0% | +8.2% | +13.8% | +24.4% | 2025 | -8.0% | 2026 |
| Assessment Ratio | 100.0% | 122.0% | — | 227.2% | 2024 | 93.1% | 2022 |
| Effective Tax Rate (2025) | 1.8800% | 1.8800% | — | 1.8800% | 2025 | 1.8800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$34,790 | $37,757 | ~$48,199 | $70,164 | 2024 | $26,868 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,065,881 | ~$2,031,960 | ~2.0139% | ~$40,922 | +11.8% |
| 2027 | ~$2,310,405 | ~$2,235,156 | ~1.9814% | ~$44,287 | +25.1% |
| 2028 | ~$2,583,871 | ~$2,458,671 | ~1.9488% | ~$47,916 | +39.9% |
| 2029 | ~$2,889,706 | ~$2,704,538 | ~1.9163% | ~$51,827 | +56.4% |
| 2030 | ~$3,231,741 | ~$2,974,992 | ~1.8837% | ~$56,041 | +75.0% |
| 2026 | ~$2,028,936 | ~$2,028,936 | ~2.0465% | ~$41,522 | +9.8% |
| 2027 | ~$2,228,508 | ~$2,228,508 | ~2.0465% | ~$45,606 | +20.6% |
| 2028 | ~$2,447,711 | ~$2,447,711 | ~2.0465% | ~$50,092 | +32.5% |
| 2029 | ~$2,688,476 | ~$2,688,476 | ~2.0465% | ~$55,019 | +45.5% |
| 2030 | ~$2,952,923 | ~$2,952,923 | ~2.0465% | ~$60,431 | +59.9% |
| 2026 | ~$2,102,825 | ~$2,031,960 | ~1.9977% | ~$40,592 | +13.8% |
| 2027 | ~$2,393,779 | ~$2,235,156 | ~1.9488% | ~$43,560 | +29.6% |
| 2028 | ~$2,724,989 | ~$2,458,671 | ~1.9000% | ~$46,715 | +47.5% |
| 2029 | ~$3,102,027 | ~$2,704,538 | ~1.8512% | ~$50,066 | +67.9% |
| 2030 | ~$3,531,234 | ~$2,974,992 | ~1.8024% | ~$53,620 | +91.2% |
In 2025, this property's market value of $1,847,236 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +30% 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 | $1,847,236 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,485,020 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,485,020 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,421,807 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,180,840 | $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.