212 LAVACA ST TX 78701
| Owner | RHP BLOCK 21 LLC |
|---|---|
| Parcel ID | 0205011402 |
| Short ID | 798575 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 39,023 SF |
| Land SF | 3,645 SF |
| Acres | 0.084 |
| Year Built | 2010 |
| Legal | UNT OFFICE UNIT BLOCK 21 MASTER CONDOMINIUMS PLUS 4.7622 % INT IN COM AREA |
| Neighborhood | 51CBD |
| Land | $820,069 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $820,069 |
| Improvement | $13,399,857 |
|---|---|
| Total Improvement | $13,399,857 |
| Market | $14,219,926 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $14,219,926 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $14,219,926 |
| Taxable Value | $14,219,926 |
|---|
Appreciation: Market value has fallen -34.4% from $21,693,000 (2021) to $14,219,926 (2025), a CAGR of -10.0% 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 $291,009. Austin ISD is the largest single contributor, at 43.3% 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 6% of market value ($820,069 land vs $13,399,857 improvements), about $225/SF of land. Most value sits in the improvements, so building condition, age (~16 yrs), and rent roll drive the underwriting.
Submarket Position: At $14,219,926, 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 -10.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $8,387,248 by 2030, with an estimated annual tax burden around $157,994. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 2ND | 2nd Floor | 39,023 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% | $131,562.76 | $131,562.76 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $74,514.83 | $74,514.83 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $53,444.88 | $53,444.88 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $16,782.78 | $16,782.78 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $14,703.40 | $14,703.40 | Paid |
| P2U | — | — | — | — | — | — | $12,690.93 | $12,690.93 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $303,699.58 | $303,699.58 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $16,130,916 | $14,219,926 | +13.4% |
| Assessed Value | $16,130,916 | $14,219,926 | +13.4% |
| Land Value | $5,102,650 | $820,069 | +522.2% |
| Improvement Value | $11,028,266 | $13,399,857 | -17.7% |
| Taxable Value | $16,130,916 | $14,219,926 | +13.4% |
| Total Tax 2026 = estimate |
~$330,117
Estimated
|
~$303,700
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $16,130,916 | $16,130,916 | +0 (+0.0%) |
| Taxable Value | $16,130,916 | $16,130,916 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $16,130,916 | $5,102,650 | $11,028,266 | — | $16,130,916 | $16,130,916 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $14,219,926 | $820,069 | $13,399,857 | — | $14,219,926 | $14,219,926 | ~$303,700 | Partial |
| 2024 | $19,500,000 | — | — | −$18,679,931 | $820,069 | $— | $322,330 | Verified |
| 2023 | $21,263,450 | — | — | −$20,443,381 | $820,069 | $— | $373,147 | Verified |
| 2022 | $20,982,600 | — | — | −$20,162,531 | $820,069 | $— | $440,700 | Verified |
| 2021 | $21,693,000 | — | — | −$20,872,931 | $820,069 | $— | $477,206 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +13.4% | +13.4% | ~100% | Not available | Partial |
| 2025 | -15.1% | -15.1% | ~100% | Not available | Partial |
| 2024 | -24.9% | -24.9% | ~100% | 1.9200% | Verified |
| 2023 | +4.9% | +4.9% | ~100% | 1.6700% | Verified |
| 2022 | +1.3% | +1.3% | ~100% | 2.0700% | Verified |
| 2021 | base year | — | ~100% | 2.2000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -32.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +13.4% | -4.8% | -12.2% | +13.4% | 2026 | -27.1% | 2025 |
| Assessment Ratio | 100.0% | 36.0% | — | 100.0% | 2025 | 3.8% | 2021 |
| Effective Tax Rate (2025) | 2.1400% | 2.1400% | — | 2.1400% | 2025 | 2.1400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$303,700 | $383,417 | ~$204,861 | $477,206 | 2021 | $303,700 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$12,795,043 | ~$12,795,043 | ~2.0139% | ~$257,684 | -10.0% |
| 2027 | ~$11,512,939 | ~$11,512,939 | ~1.9814% | ~$228,116 | -19.0% |
| 2028 | ~$10,359,305 | ~$10,359,305 | ~1.9488% | ~$201,886 | -27.1% |
| 2029 | ~$9,321,269 | ~$9,321,269 | ~1.9163% | ~$178,623 | -34.4% |
| 2030 | ~$8,387,248 | ~$8,387,248 | ~1.8837% | ~$157,994 | -41.0% |
| 2026 | ~$13,508,930 | ~$13,508,930 | ~2.0465% | ~$276,458 | -5.0% |
| 2027 | ~$12,833,483 | ~$12,833,483 | ~2.0465% | ~$262,635 | -9.8% |
| 2028 | ~$12,191,809 | ~$12,191,809 | ~2.0465% | ~$249,504 | -14.3% |
| 2029 | ~$11,582,219 | ~$11,582,219 | ~2.0465% | ~$237,028 | -18.5% |
| 2030 | ~$11,003,108 | ~$11,003,108 | ~2.0465% | ~$225,177 | -22.6% |
| 2026 | ~$13,079,442 | ~$13,079,442 | ~1.9977% | ~$261,283 | -8.0% |
| 2027 | ~$12,030,429 | ~$12,030,429 | ~1.9488% | ~$234,454 | -15.4% |
| 2028 | ~$11,065,549 | ~$11,065,549 | ~1.9000% | ~$210,247 | -22.2% |
| 2029 | ~$10,178,057 | ~$10,178,057 | ~1.8512% | ~$188,416 | -28.4% |
| 2030 | ~$9,361,744 | ~$9,361,744 | ~1.8024% | ~$168,733 | -34.2% |
In 2025, this property's market value of $14,219,926 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 10× 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 | $14,219,926 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $19,500,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $21,263,450 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $20,982,600 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $21,693,000 | $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.