212 LAVACA ST TX 78701
| Owner | RHP BLOCK 21 LLC |
|---|---|
| Parcel ID | 0205011410 |
| Short ID | 798583 |
| Type | Real |
| Use Code | 34 Hotel — Full Service |
| Valuation | Income |
| Improvement SF | 10,021 SF |
| Land SF | 936 SF |
| Acres | 0.021 |
| Year Built | 2010 |
| Legal | UNT COMM UNIT 6 BLOCK 21 MASTER CONDOMINIUMS PLUS 1.2229 % INT IN COM AREA |
| Neighborhood | 34CBD1 |
| Land | $210,589 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $210,589 |
| Improvement | $4,285,310 |
|---|---|
| Total Improvement | $4,285,310 |
| Market | $4,495,899 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,495,899 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $4,495,899 |
| Taxable Value | $4,495,899 |
|---|
Appreciation: Market value has risen +9.3% from $4,114,356 (2021) to $4,495,899 (2025), a CAGR of 2.2% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2023→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 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 $92,008. Austin ISD is the largest single contributor, at 43.5% 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 5% of market value ($210,589 land vs $4,285,310 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 $4,495,899, 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 +2.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,022,962 by 2030, with an estimated annual tax burden around $94,620. 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 | 10,021 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% | $41,596.06 | $41,596.06 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $23,559.28 | $23,559.28 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $16,897.61 | $16,897.61 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $5,306.19 | $5,306.19 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4,648.76 | $4,648.76 | Paid |
| P2U | — | — | — | — | — | — | $3,696.21 | $3,696.21 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $95,704.11 | $95,704.11 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $5,482,427 | $4,495,899 | +21.9% |
| Assessed Value | $5,395,079 | $4,495,899 | +20.0% |
| Land Value | $1,310,330 | $210,589 | +522.2% |
| Improvement Value | $4,172,097 | $4,285,310 | -2.6% |
| Taxable Value | $5,395,079 | $4,495,899 | +20.0% |
| HS Cap Loss | -$87,348 | — | |
| Total Tax 2026 = estimate |
~$110,409
Estimated
|
~$95,704
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $5,482,427 | $5,482,427 | +0 (+0.0%) |
| Taxable Value | $5,395,079 | $5,395,079 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $5,482,427 | $1,310,330 | $4,172,097 | −$87,348 | $5,395,079 | $5,395,079 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,495,899 | $210,589 | $4,285,310 | — | $4,495,899 | $4,495,899 | ~$95,704 | Partial |
| 2024 | $5,159,584 | — | — | −$4,948,995 | $210,589 | $— | $105,494 | Verified |
| 2023 | $3,596,693 | — | — | −$3,386,104 | $210,589 | $— | $97,660 | Verified |
| 2022 | $4,114,356 | — | — | −$3,903,767 | $210,589 | $— | $74,129 | Verified |
| 2021 | $4,114,356 | — | — | −$3,903,767 | $210,589 | $— | $93,171 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +21.9% | +20.0% | 98.4% | Not available | Partial |
| 2025 | -12.0% | -12.0% | ~100% | Not available | Partial |
| 2024 | -1.0% | -1.0% | ~100% | 2.0700% | Verified |
| 2023 | +43.5% | +43.5% | ~100% | 1.8900% | Verified |
| 2022 | -12.6% | -12.6% | ~100% | 2.0600% | Verified |
| 2021 | base year | — | ~100% | 2.2600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +9.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +21.9% | +8.0% | -1.4% | +43.5% | 2024 | -12.9% | 2025 |
| Assessment Ratio | 98.4% | 36.4% | — | 100.0% | 2025 | 4.1% | 2024 |
| Effective Tax Rate (2025) | 2.1300% | 2.1300% | — | 2.1300% | 2025 | 2.1300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$95,704 | $93,231 | ~$93,620 | $105,494 | 2024 | $74,129 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,596,690 | ~$4,596,690 | ~2.0139% | ~$92,574 | +2.2% |
| 2027 | ~$4,699,741 | ~$4,699,741 | ~1.9814% | ~$93,120 | +4.5% |
| 2028 | ~$4,805,101 | ~$4,805,101 | ~1.9488% | ~$93,644 | +6.9% |
| 2029 | ~$4,912,824 | ~$4,912,824 | ~1.9163% | ~$94,144 | +9.3% |
| 2030 | ~$5,022,962 | ~$5,022,962 | ~1.8837% | ~$94,620 | +11.7% |
| 2026 | ~$4,506,772 | ~$4,506,772 | ~2.0465% | ~$92,230 | +0.2% |
| 2027 | ~$4,517,671 | ~$4,517,671 | ~2.0465% | ~$92,453 | +0.5% |
| 2028 | ~$4,528,597 | ~$4,528,597 | ~2.0465% | ~$92,677 | +0.7% |
| 2029 | ~$4,539,549 | ~$4,539,549 | ~2.0465% | ~$92,901 | +1.0% |
| 2030 | ~$4,550,528 | ~$4,550,528 | ~2.0465% | ~$93,126 | +1.2% |
| 2026 | ~$4,686,608 | ~$4,686,608 | ~1.9977% | ~$93,623 | +4.2% |
| 2027 | ~$4,885,407 | ~$4,885,407 | ~1.9488% | ~$95,209 | +8.7% |
| 2028 | ~$5,092,638 | ~$5,092,638 | ~1.9000% | ~$96,761 | +13.3% |
| 2029 | ~$5,308,660 | ~$5,308,660 | ~1.8512% | ~$98,274 | +18.1% |
| 2030 | ~$5,533,845 | ~$5,533,845 | ~1.8024% | ~$99,740 | +23.1% |
In 2025, this property's market value of $4,495,899 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 3× 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 | $4,495,899 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $5,159,584 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $3,596,693 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $4,114,356 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $4,114,356 | $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.