405 N LAMAR BLVD TX 78703
| Owner | FOURTH LAMAR LLC |
|---|---|
| Parcel ID | 0107001223 |
| Short ID | 816926 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 25,351 SF |
| Land SF | 11,555 SF |
| Acres | 0.265 |
| Year Built | 2012 |
| Legal | LOT 2-A SOUTH BLOCK-FLR II SUBD |
| Neighborhood | 52CBD |
| Land | $1,848,800 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,848,800 |
| Improvement | $6,233,474 |
|---|---|
| Total Improvement | $6,233,474 |
| Market | $8,082,274 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $8,082,274 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $8,082,274 |
| Taxable Value | $8,082,274 |
|---|
Appreciation: Market value has fallen -33.6% from $12,167,000 (2021) to $8,082,274 (2025), a CAGR of -9.7% over 4 years. Growth has been relatively flat for this asset class. 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 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 $165,403. 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 23% of market value ($1,848,800 land vs $6,233,474 improvements), about $160/SF of land. Most value sits in the improvements, so building condition, age (~14 yrs), and rent roll drive the underwriting.
Submarket Position: At $8,082,274, 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 -9.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,846,979 by 2030, with an estimated annual tax burden around $91,305. 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 |
|---|---|---|---|
| 2ND | 2nd Floor | 8,602 SF | ✓ |
| 3RD | 3rd Floor | 8,534 SF | ✓ |
| 1ST | 1st Floor | 8,216 SF | ✓ |
| 611 | TERRACE | 1,949 SF | ✗ |
| 501 | CANOPY | 1,540 SF | ✗ |
| 276 | ELEVATOR COM PAS | 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% | $74,777.20 | $74,777.20 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $42,352.49 | $42,352.49 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $30,376.82 | $30,376.82 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $9,538.94 | $9,538.94 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $8,357.07 | $8,357.07 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $165,402.52 | $165,402.52 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $8,151,847 | $8,082,274 | +0.9% |
| Assessed Value | $8,151,847 | $8,082,274 | +0.9% |
| Land Value | $2,599,875 | $1,848,800 | +40.6% |
| Improvement Value | $5,551,972 | $6,233,474 | -10.9% |
| Taxable Value | $8,151,847 | $8,082,274 | +0.9% |
| Total Tax 2026 = estimate |
~$166,826
Estimated
|
~$165,403
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $10,511,986 | $8,151,847 | -2,360,139 (-22.5%) |
| Taxable Value | $10,511,986 | $8,151,847 | -2,360,139 (-22.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $8,151,847 | $2,599,875 | $5,551,972 | — | $8,151,847 | $8,151,847 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $8,082,274 | $1,848,800 | $6,233,474 | — | $8,082,274 | $8,082,274 | ~$165,403 | Partial |
| 2024 | $11,535,885 | — | — | −$9,687,085 | $1,848,800 | $— | $170,988 | Verified |
| 2023 | $13,401,121 | — | — | −$11,700,225 | $1,700,896 | $— | $208,713 | Verified |
| 2022 | $12,963,813 | — | — | −$11,262,917 | $1,700,896 | $— | $264,662 | Verified |
| 2021 | $12,167,000 | — | — | −$10,466,104 | $1,700,896 | $— | $282,181 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +30.1% | +30.1% | ~100% | Not available | Partial |
| 2025 | -6.3% | -6.3% | ~100% | Not available | Partial |
| 2024 | -25.2% | -25.2% | ~100% | 1.9800% | Verified |
| 2023 | -13.9% | -13.9% | ~100% | 1.8100% | Verified |
| 2022 | +3.4% | +3.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -37.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.9% | -6.6% | -9.9% | +6.5% | 2022 | -29.9% | 2025 |
| Assessment Ratio | 100.0% | 42.6% | — | 100.0% | 2025 | 12.7% | 2023 |
| 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 |
$165,403 | $218,389 | ~$117,511 | $282,181 | 2021 | $165,403 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$7,296,609 | ~$7,296,609 | ~2.0139% | ~$146,949 | -9.7% |
| 2027 | ~$6,587,318 | ~$6,587,318 | ~1.9814% | ~$130,520 | -18.5% |
| 2028 | ~$5,946,975 | ~$5,946,975 | ~1.9488% | ~$115,897 | -26.4% |
| 2029 | ~$5,368,879 | ~$5,368,879 | ~1.9163% | ~$102,883 | -33.6% |
| 2030 | ~$4,846,979 | ~$4,846,979 | ~1.8837% | ~$91,305 | -40.0% |
| 2026 | ~$7,678,160 | ~$7,678,160 | ~2.0465% | ~$157,132 | -5.0% |
| 2027 | ~$7,294,252 | ~$7,294,252 | ~2.0465% | ~$149,276 | -9.8% |
| 2028 | ~$6,929,540 | ~$6,929,540 | ~2.0465% | ~$141,812 | -14.3% |
| 2029 | ~$6,583,063 | ~$6,583,063 | ~2.0465% | ~$134,721 | -18.5% |
| 2030 | ~$6,253,910 | ~$6,253,910 | ~2.0465% | ~$127,985 | -22.6% |
| 2026 | ~$7,458,255 | ~$7,458,255 | ~1.9977% | ~$148,991 | -7.7% |
| 2027 | ~$6,882,415 | ~$6,882,415 | ~1.9488% | ~$134,127 | -14.8% |
| 2028 | ~$6,351,035 | ~$6,351,035 | ~1.9000% | ~$120,671 | -21.4% |
| 2029 | ~$5,860,682 | ~$5,860,682 | ~1.8512% | ~$108,493 | -27.5% |
| 2030 | ~$5,408,188 | ~$5,408,188 | ~1.8024% | ~$97,476 | -33.1% |
In 2025, this property's market value of $8,082,274 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 6× 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 | $8,082,274 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $11,535,885 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $13,401,121 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $12,963,813 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $12,167,000 | $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.