200 LAVACA ST TX 78701
| Owner | RHP BLOCK 21 LLC |
|---|---|
| Parcel ID | 0205011404 |
| Short ID | 798577 |
| Type | Real |
| Use Code | 87 Parking Garage |
| Valuation | Income |
| Improvement SF | 209,429 SF |
| Land SF | 3,260 SF |
| Acres | 0.075 |
| Year Built | 2010 |
| Legal | UNT PARKING UNIT BLOCK 21 MASTER CONDOMINIUMS PLUS 4.2597 % INT IN COM AREA |
| Neighborhood | 24CBD07 |
| Land | $7,335 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $7,335 |
| Improvement | $1,002 |
|---|---|
| Total Improvement | $1,002 |
| Market | $8,337 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $8,337 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $8,337 |
| Taxable Value | $8,337 |
|---|
Appreciation: Market value has risen +3.3% from $8,071 (2021) to $8,337 (2025), a CAGR of 0.8% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), 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 $171. 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 88% of market value ($7,335 land vs $1,002 improvements), about $2/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 $8,337, this parcel sits in the bottom quartile (<25th 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 +0.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $8,682 by 2030, with an estimated annual tax burden around $164. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 209,429 SF | ✓ |
Market value changed by 459% in 2026, 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% | $77.13 | $77.13 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $43.69 | $43.69 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $31.33 | $31.33 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $9.84 | $9.84 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $8.62 | $8.62 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $170.61 | $170.61 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $8,337 | $8,337 | +0.0% |
| Assessed Value | $8,337 | $8,337 | +0.0% |
| Land Value | $45,642 | $7,335 | +522.2% |
| Improvement Value | — | $1,002 | — |
| Taxable Value | $8,337 | $8,337 | +0.0% |
| Total Tax 2026 = estimate |
~$171
Estimated
|
~$171
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $46,644 | $8,337 | -38,307 (-82.1%) |
| Taxable Value | $10,004 | $8,337 | -1,667 (-16.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $8,337 | $45,642 | — | — | $8,337 | $8,337 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $8,337 | $7,335 | $1,002 | — | $8,337 | $8,337 | ~$171 | Partial |
| 2024 | $8,337 | — | — | −$1,002 | $7,335 | $— | $165 | Verified |
| 2023 | $8,337 | — | — | −$1,002 | $7,335 | $— | $151 | Verified |
| 2022 | $8,348 | — | — | −$1,013 | $7,335 | $— | $165 | Verified |
| 2021 | $8,071 | — | — | −$736 | $7,335 | $— | $182 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +459.5% ! | +20.0% | 21.4% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.8100% | Verified |
| 2022 | -0.1% | -0.1% | ~100% | 1.9800% | Verified |
| 2021 | base year | — | ~100% | 2.2500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -0.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +0.7% | +0.8% | +3.4% | 2022 | -0.1% | 2023 |
| Assessment Ratio | 100.0% | 92.5% | — | 100.0% | 2025 | 87.9% | 2022 |
| 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 |
$171 | $167 | ~$166 | $182 | 2021 | $151 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$8,405 | ~$8,405 | ~2.0139% | ~$169 | +0.8% |
| 2027 | ~$8,473 | ~$8,473 | ~1.9814% | ~$168 | +1.6% |
| 2028 | ~$8,542 | ~$8,542 | ~1.9488% | ~$166 | +2.5% |
| 2029 | ~$8,612 | ~$8,612 | ~1.9163% | ~$165 | +3.3% |
| 2030 | ~$8,682 | ~$8,682 | ~1.8837% | ~$164 | +4.1% |
| 2026 | ~$8,238 | ~$8,238 | ~2.0465% | ~$169 | -1.2% |
| 2027 | ~$8,140 | ~$8,140 | ~2.0465% | ~$167 | -2.4% |
| 2028 | ~$8,044 | ~$8,044 | ~2.0465% | ~$165 | -3.5% |
| 2029 | ~$7,948 | ~$7,948 | ~2.0465% | ~$163 | -4.7% |
| 2030 | ~$7,854 | ~$7,854 | ~2.0465% | ~$161 | -5.8% |
| 2026 | ~$8,572 | ~$8,572 | ~1.9977% | ~$171 | +2.8% |
| 2027 | ~$8,813 | ~$8,813 | ~1.9488% | ~$172 | +5.7% |
| 2028 | ~$9,061 | ~$9,061 | ~1.9000% | ~$172 | +8.7% |
| 2029 | ~$9,316 | ~$9,316 | ~1.8512% | ~$172 | +11.7% |
| 2030 | ~$9,578 | ~$9,578 | ~1.8024% | ~$173 | +14.9% |
In 2025, this property's market value of $8,337 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -99% below 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 | $8,337 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $8,337 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $8,337 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $8,348 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $8,071 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 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.