218 S LAMAR BLVD TX 78704
| Owner | 218 ZILKER POINT OWNER LLC |
|---|---|
| Parcel ID | 0105020102 |
| Short ID | 104343 |
| Type | Real |
| Use Code | 50 Office Hi-Rise (≥6 Stories) |
| Valuation | Income |
| Improvement SF | 83,828 SF |
| Land SF | 55,146 SF |
| Acres | 1.266 |
| Year Built | 2023 |
| Legal | LOT B SEIDERS G C SUBD NO 2 |
| Neighborhood | 32CEN |
| Land | $11,029,200 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $11,029,200 |
| Improvement | $31,930,134 |
|---|---|
| Total Improvement | $31,930,134 |
| Market | $42,959,334 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $42,959,334 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $42,959,334 |
| Taxable Value | $42,959,334 |
|---|
Appreciation: Market value has risen +544.4% from $6,667,000 (2021) to $42,959,334 (2025), a CAGR of 59.3% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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 $879,156. 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 26% of market value ($11,029,200 land vs $31,930,134 improvements), about $200/SF of land. Most value sits in the improvements, so building condition, age (~3 yrs), and rent roll drive the underwriting.
Submarket Position: At $42,959,334, 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 +59.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $441,028,237 by 2030, with an estimated annual tax burden around $1,303,294. 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 |
|---|---|---|---|
| 487 | PARKING UNDER | 236,940 SF | ✓ |
| ADDL | Additional Floor | 50,919 SF | ✓ |
| 2ND | 2nd Floor | 30,036 SF | ✓ |
| 3RD | 3rd Floor | 30,036 SF | ✓ |
| 4TH | 4th Floor | 30,036 SF | ✓ |
| 5TH | 5th Floor | 30,036 SF | ✓ |
| 1ST | 1st Floor | 23,756 SF | ✓ |
Market value changed by 300% 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% | $351,576.00 | $351,576.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $199,126.46 | $199,126.46 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $142,821.10 | $142,821.10 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $44,848.74 | $44,848.74 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $39,292.00 | $39,292.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $777,664.30 | $777,664.30 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $45,150,000 | $42,959,334 | +5.1% |
| Assessed Value | $45,150,000 | $42,959,334 | +5.1% |
| Land Value | $11,029,200 | $11,029,200 | +0.0% |
| Improvement Value | $34,120,800 | $31,930,134 | +6.9% |
| Taxable Value | $45,150,000 | $42,959,334 | +5.1% |
| Total Tax 2026 = estimate |
~$923,988
Estimated
|
~$777,664
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $45,150,000 | $45,150,000 | +0 (+0.0%) |
| Taxable Value | $45,150,000 | $45,150,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $45,150,000 | $11,029,200 | $34,120,800 | — | $45,150,000 | $45,150,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $42,959,334 | $11,029,200 | $31,930,134 | — | $42,959,334 | $42,959,334 | ~$777,664 | Partial |
| 2024 | $11,001,000 | — | — | — | $11,029,200 ! | $— | $872,758 | Verified |
| 2023 | $6,618,520 | — | — | — | $11,001,000 ! | $— | $199,035 | Verified |
| 2022 | $6,831,221 | — | — | −$213,701 | $6,617,520 | $— | $130,711 | Verified |
| 2021 | $6,667,000 | — | — | −$49,480 | $6,617,520 | $— | $148,694 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +5.1% | +5.1% | ~100% | Not available | Partial |
| 2025 | -2.5% | -2.5% | ~100% | Not available | Partial |
| 2024 | +300.3% ! | +300.3% | ~100% | 1.9800% | Verified |
| 2023 | +66.2% | +66.2% | ~100% | 1.8100% | Verified |
| 2022 | -3.1% | -3.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +528.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +5.1% | +72.2% | +57.8% | +290.5% | 2025 | -3.1% | 2023 |
| Assessment Ratio | 100.0% | 110.5% | — | 166.2% | 2023 | 96.9% | 2022 |
| Effective Tax Rate (2025) | 1.8100% | 1.8100% | — | 1.8100% | 2025 | 1.8100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$777,664 | $425,772 | ~$1,120,907 | $872,758 | 2024 | $130,711 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$68,444,619 | ~$47,255,267 | ~2.0139% | ~$951,691 | +59.3% |
| 2027 | ~$109,048,848 | ~$51,980,794 | ~1.9814% | ~$1,029,941 | +153.8% |
| 2028 | ~$173,741,215 | ~$57,178,874 | ~1.9488% | ~$1,114,324 | +304.4% |
| 2029 | ~$276,811,816 | ~$62,896,761 | ~1.9163% | ~$1,205,285 | +544.4% |
| 2030 | ~$441,028,237 | ~$69,186,437 | ~1.8837% | ~$1,303,294 | +926.6% |
| 2026 | ~$67,585,432 | ~$47,255,267 | ~2.0465% | ~$967,072 | +57.3% |
| 2027 | ~$106,328,247 | ~$51,980,794 | ~2.0465% | ~$1,063,779 | +147.5% |
| 2028 | ~$167,280,074 | ~$57,178,874 | ~2.0465% | ~$1,170,157 | +289.4% |
| 2029 | ~$263,172,053 | ~$62,896,761 | ~2.0465% | ~$1,287,173 | +512.6% |
| 2030 | ~$414,033,351 | ~$69,186,437 | ~2.0465% | ~$1,415,890 | +863.8% |
| 2026 | ~$69,303,806 | ~$47,255,267 | ~1.9977% | ~$944,001 | +61.3% |
| 2027 | ~$111,803,817 | ~$51,980,794 | ~1.9488% | ~$1,013,022 | +160.3% |
| 2028 | ~$180,366,623 | ~$57,178,874 | ~1.9000% | ~$1,086,408 | +319.9% |
| 2029 | ~$290,975,028 | ~$62,896,761 | ~1.8512% | ~$1,164,341 | +577.3% |
| 2030 | ~$469,413,162 | ~$69,186,437 | ~1.8024% | ~$1,246,996 | +992.7% |
In 2025, this property's market value of $42,959,334 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 30× 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 | $42,959,334 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $11,001,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $6,618,520 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $6,831,221 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $6,667,000 | $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.