LAMBIE ST TX
| Owner | CITY OF AUSTIN |
|---|---|
| Parcel ID | 0203032701 |
| Short ID | 944147 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 63,097 SF |
| Acres | 1.449 |
| Year Built | — |
| Legal | 0.252 AC PART OF LOT 3-7 BLK 54 & 55 DIV O ELM GROVE ADDN |
| Neighborhood | _ZEXMP |
| Land | $30,286,397 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $30,286,397 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $30,286,397 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $30,286,397 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $30,286,397 |
| Taxable Value | $30,286,397 |
|---|
Appreciation: Market value has risen +1177.3% from $2,371,058 (2021) to $30,286,397 (2025), a CAGR of 89.0% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2025), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Land/Vacant parcel countywide rose +487.2%, so this parcel has outpaced the broader land/vacant market over the same period.
Asset Class: Land / Vacant. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 100% of market value ($30,286,397 land vs $0 improvements), about $480/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $30,286,397, this parcel sits in the top quartile (≥75th percentile) of Land/Vacant property in Travis County — county median $85,028 (P25 $24,862 / P75 $363,420, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +89.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $731,356,966 by 2030, with an estimated annual tax burden around $0. 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.
Market value changed by 122% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $31,548,330 | $30,286,397 | +4.2% |
| Assessed Value | $31,548,330 | $30,286,397 | +4.2% |
| Land Value | $31,548,330 | $30,286,397 | +4.2% |
| Improvement Value | — | — | — |
| Taxable Value | — | — | — |
| Exemptions | — | E | |
| Total Tax | Pending certification | — | |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $31,548,330 | $31,548,330 | +0 (+0.0%) |
| Taxable Value | — | — | — |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $31,548,330 | $31,548,330 | — | — | $31,548,330 | $— | Not yet — post-cert | Certified — no billing yet |
| 2025 | $30,286,397 | $30,286,397 | — | — | $30,286,397 | $— | not in county billing file ⓘ | Partial |
| 2024 | $— | — | — | — | — | $— | not in county billing file ⓘ | Partial |
| 2023 | $— | — | — | — | $6,586,272 | $— | $6,494 | Verified |
| 2022 | $— | — | — | — | $5,269,018 | $— | $5,201 | Verified |
| 2021 | $2,371,058 | — | — | — | $2,371,058 | $— | $2,485 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.2% | +4.2% | ~100% | Not available | Partial |
| 2025 | +359.8% ! | +359.8% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2023 | +25.0% | +25.0% | ~100% | 0.1000% | Verified |
| 2022 | +122.2% ! | +122.2% | ~100% | 0.1000% | Verified |
| 2021 | base year | — | ~100% | 0.1000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1177.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +4.2% | +590.8% | +87.5% | +1177.3% | 2025 | +4.2% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $2,485 | $2,485 | — | $2,485 | 2021 | $2,485 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$57,256,391 | ~$57,256,391 | ~0.0000% | ~$0 | +89.0% |
| 2027 | ~$108,243,126 | ~$108,243,126 | ~0.0000% | ~$0 | +257.4% |
| 2028 | ~$204,633,478 | ~$204,633,478 | ~0.0000% | ~$0 | +575.7% |
| 2029 | ~$386,859,302 | ~$386,859,302 | ~0.0000% | ~$0 | +1177.3% |
| 2030 | ~$731,356,966 | ~$731,356,966 | ~0.0000% | ~$0 | +2314.8% |
| 2026 | ~$56,650,663 | ~$56,650,663 | ~0.0000% | ~$0 | +87.0% |
| 2027 | ~$105,964,985 | ~$105,964,985 | ~0.0000% | ~$0 | +249.9% |
| 2028 | ~$198,207,356 | ~$198,207,356 | ~0.0000% | ~$0 | +554.4% |
| 2029 | ~$370,746,580 | ~$370,746,580 | ~0.0000% | ~$0 | +1124.1% |
| 2030 | ~$693,480,956 | ~$693,480,956 | ~0.0000% | ~$0 | +2189.7% |
| 2026 | ~$57,862,119 | ~$57,862,119 | ~0.0000% | ~$0 | +91.0% |
| 2027 | ~$110,545,497 | ~$110,545,497 | ~0.0000% | ~$0 | +265.0% |
| 2028 | ~$211,197,016 | ~$211,197,016 | ~0.0000% | ~$0 | +597.3% |
| 2029 | ~$403,491,601 | ~$403,491,601 | ~0.0000% | ~$0 | +1232.3% |
| 2030 | ~$770,870,136 | ~$770,870,136 | ~0.0000% | ~$0 | +2445.3% |
In 2025, this property's market value of $30,286,397 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 356× the county median of $85,028. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $30,286,397 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | — | $23,000 | $66,000 | $330,000 | — | +0.0% |
| 2023 | — | $25,000 | $71,500 | $271,439 | — | +0.0% |
| 2022 | — | $15,000 | $55,000 | $180,463 | — | +100.0% |
| 2021 | $2,371,058 | $6,000 | $14,480 | $80,000 | ↑ Top 25% | base yr |