2652 LAKE AUSTIN BLVD TX 78703
| Owner | UNIVERSITY OF TEXAS SYSTEM |
|---|---|
| Parcel ID | 0111071201 |
| Short ID | 110523 |
| Type | Real |
| Use Code | 44 Grocery Store |
| Valuation | Income |
| Improvement SF | 105,867 SF |
| Land SF | 115,025 SF |
| Acres | 2.641 |
| Year Built | 2022 |
| Legal | TRT A SAFEWAY ADDN NO 10 |
| Neighborhood | 44CEN |
| Land | $10,787,850 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $10,787,850 |
| Improvement | $17,212,150 |
|---|---|
| Total Improvement | $17,212,150 |
| Market | $28,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $28,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $28,000,000 |
| Taxable Value | $28,000,000 |
|---|
Appreciation: Market value has risen +169.1% from $10,406,980 (2021) to $28,000,000 (2025), a CAGR of 28.1% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→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 $573,016. 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 39% of market value ($10,787,850 land vs $17,212,150 improvements), about $94/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Submarket Position: At $28,000,000, 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 +28.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $96,482,749 by 2030, with an estimated annual tax burden around $849,460. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 105,867 SF | ✓ |
| 387 | PARKING GAR UNDR | 105,867 SF | ✓ |
| 276 | ELEVATOR COM PAS | 4 SF | ✓ |
| 277 | ESCALATOR | 2 SF | ✓ |
| Unit (prop_id) | Owner | Address | Market Value | Assessed Value | Taxable Value |
|---|---|---|---|---|---|
| 110523 | UNIVERSITY OF TEXAS SYSTEM | 2652 LAKE AUSTIN BLVD 78703 | $29,000,000 | $29,000,000 | $27,891,477 |
| 358915 | RANDALLS FOOD & DRUGS LP | 715 EXPOSITION BLVD 78703 | — | — | — |
Market value changed by 95% in 2022, 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% | $235,926.00 | $235,926.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $133,624.34 | $133,624.34 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $95,840.48 | $95,840.48 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $30,095.87 | $30,095.87 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $26,367.00 | $26,367.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $521,853.69 | $521,853.69 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $29,000,000 | $28,000,000 | +3.6% |
| Assessed Value | $29,000,000 | $28,000,000 | +3.6% |
| Land Value | $10,787,850 | $10,787,850 | +0.0% |
| Improvement Value | $18,212,150 | $17,212,150 | +5.8% |
| Taxable Value | $27,891,477 | $28,000,000 | -0.4% |
| Total Tax 2026 = estimate |
~$570,795
Estimated
|
~$521,854
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $29,000,000 | $29,000,000 | +0 (+0.0%) |
| Taxable Value | $27,891,477 | $27,891,477 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $29,000,000 | $10,787,850 | $18,212,150 | — | $29,000,000 | $27,891,477 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $28,000,000 | $10,787,850 | $17,212,150 | — | $28,000,000 | $28,000,000 | ~$521,854 | Partial |
| 2024 | $26,000,000 | — | — | −$15,212,150 | $10,787,850 | $— | $496,466 | Verified |
| 2023 | $— | — | — | — | $10,787,850 | $— | $473,362 | Verified |
| 2022 | $500,000 | — | — | — | $9,709,065 ! | $— | $200,913 | Verified |
| 2021 | $10,406,980 | — | — | −$697,915 | $9,709,065 | $— | $222,219 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.6% | +3.6% | ~100% | Not available | Partial |
| 2025 | +7.7% | +7.7% | ~100% | Not available | Partial |
| 2024 | -10.3% | -10.3% | ~100% | 1.9100% | Verified |
| 2023 | +6147.8% ! | +6147.8% | ~100% | 1.6300% | Verified |
| 2022 | -95.2% ! | -95.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +188.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +3.6% | +1254.0% | +27.2% | +5100.0% | 2024 | -95.2% | 2022 |
| Assessment Ratio | 100.0% | 455.3% | — | 1941.8% | 2022 | 41.5% | 2024 |
| Effective Tax Rate (2025) | 1.8600% | 1.8600% | — | 1.8600% | 2025 | 1.8600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$521,854 | $360,363 | ~$730,584 | $521,854 | 2025 | $200,913 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$35,860,502 | ~$30,800,000 | ~2.0139% | ~$620,292 | +28.1% |
| 2027 | ~$45,927,699 | ~$33,880,000 | ~1.9814% | ~$671,294 | +64.0% |
| 2028 | ~$58,821,083 | ~$37,268,000 | ~1.9488% | ~$726,294 | +110.1% |
| 2029 | ~$75,334,055 | ~$40,994,800 | ~1.9163% | ~$785,580 | +169.1% |
| 2030 | ~$96,482,749 | ~$45,094,280 | ~1.8837% | ~$849,460 | +244.6% |
| 2026 | ~$35,300,502 | ~$30,800,000 | ~2.0465% | ~$630,317 | +26.1% |
| 2027 | ~$44,504,479 | ~$33,880,000 | ~2.0465% | ~$693,349 | +58.9% |
| 2028 | ~$56,108,229 | ~$37,268,000 | ~2.0465% | ~$762,684 | +100.4% |
| 2029 | ~$70,737,451 | ~$40,994,800 | ~2.0465% | ~$838,952 | +152.6% |
| 2030 | ~$89,180,983 | ~$45,094,280 | ~2.0465% | ~$922,848 | +218.5% |
| 2026 | ~$36,420,502 | ~$30,800,000 | ~1.9977% | ~$615,280 | +30.1% |
| 2027 | ~$47,373,319 | ~$33,880,000 | ~1.9488% | ~$660,267 | +69.2% |
| 2028 | ~$61,620,001 | ~$37,268,000 | ~1.9000% | ~$708,098 | +120.1% |
| 2029 | ~$80,151,120 | ~$40,994,800 | ~1.8512% | ~$758,893 | +186.3% |
| 2030 | ~$104,255,142 | ~$45,094,280 | ~1.8024% | ~$812,766 | +272.3% |
In 2025, this property's market value of $28,000,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 20× 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 | $28,000,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $26,000,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | — | $667,828 | $1,414,358 | $3,374,900 | — | +9.7% |
| 2022 | $500,000 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $10,406,980 | $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.