200 LAVACA ST TX 78701
| Owner | RHP BLOCK 21 LLC |
|---|---|
| Parcel ID | 0205011571 |
| Short ID | 798745 |
| Type | Real |
| Use Code | 34 Hotel — Full Service |
| Valuation | Income |
| Improvement SF | 244,125 SF |
| Land SF | 34,936 SF |
| Acres | 0.802 |
| Year Built | 2010 |
| Legal | UNT HOTEL MASTER UNIT BLOCK 21 CONDOMINIUMS AMENDED PLUS 45.6476 % INT IN COM AREA |
| Neighborhood | 34CBD1 |
| Land | $8,838,897 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $8,838,897 |
| Improvement | $46,161,103 |
|---|---|
| Total Improvement | $46,161,103 |
| Market | $55,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $55,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $55,000,000 |
| Taxable Value | $55,000,000 |
|---|
Appreciation: Market value has fallen -39.9% from $91,470,000 (2021) to $55,000,000 (2025), a CAGR of -11.9% 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 $1,125,567. 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 16% of market value ($8,838,897 land vs $46,161,103 improvements), about $253/SF of land. Most value sits in the improvements, so building condition, age (~16 yrs), and rent roll drive the underwriting.
Submarket Position: At $55,000,000, 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 -11.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $29,121,766 by 2030, with an estimated annual tax burden around $548,579. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 244,125 SF | ✓ |
| 601 | POOL COMM'L | 2,000 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% | $485,730.00 | $485,730.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $275,108.93 | $275,108.93 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $197,318.63 | $197,318.63 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $61,962.08 | $61,962.08 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $54,285.00 | $54,285.00 | Paid |
| P2U | — | — | — | — | — | — | $48,100.00 | $48,100.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,122,504.64 | $1,122,504.64 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $66,514,089 | $55,000,000 | +20.9% |
| Assessed Value | $66,514,089 | $55,000,000 | +20.9% |
| Land Value | $48,910,890 | $8,838,897 | +453.4% |
| Improvement Value | $17,603,199 | $46,161,103 | -61.9% |
| Taxable Value | $66,514,089 | $55,000,000 | +20.9% |
| Total Tax 2026 = estimate |
~$1,361,201
Estimated
|
~$1,122,505
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $66,514,089 | $66,514,089 | +0 (+0.0%) |
| Taxable Value | $66,514,089 | $66,514,089 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $66,514,089 | $48,910,890 | $17,603,199 | — | $66,514,089 | $66,514,089 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $55,000,000 | $8,838,897 | $46,161,103 | — | $55,000,000 | $55,000,000 | ~$1,122,505 | Partial |
| 2024 | $81,340,416 | — | — | −$72,501,519 | $8,838,897 | $— | $1,335,508 | Verified |
| 2023 | $81,150,000 | — | — | −$71,869,159 | $9,280,841 | $— | $1,549,877 | Verified |
| 2022 | $— | — | — | — | $9,280,841 | $— | $1,683,300 | Verified |
| 2021 | $91,470,000 | — | — | −$82,189,158 | $9,280,842 | $— | $1,506,610 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +20.9% | +20.9% | ~100% | Not available | Partial |
| 2025 | -37.5% | -37.5% | ~100% | Not available | Partial |
| 2024 | +3.7% | +3.7% | ~100% | 1.5200% | Verified |
| 2023 | +4.5% | +4.5% | ~100% | 1.8300% | Verified |
| 2022 | +11.7% | +11.7% | ~100% | 2.0700% | Verified |
| 2021 | base year | — | ~100% | 1.6500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -24.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +20.9% | -5.7% | -15.0% | +20.9% | 2026 | -32.4% | 2025 |
| Assessment Ratio | 100.0% | 46.5% | — | 100.0% | 2025 | 10.1% | 2021 |
| Effective Tax Rate (2025) | 2.0400% | 2.0400% | — | 2.0400% | 2025 | 2.0400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,122,505 | $1,378,625 | ~$746,928 | $1,549,877 | 2023 | $1,122,505 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$48,432,144 | ~$48,432,144 | ~2.0139% | ~$975,393 | -11.9% |
| 2027 | ~$42,648,592 | ~$42,648,592 | ~1.9814% | ~$845,034 | -22.5% |
| 2028 | ~$37,555,686 | ~$37,555,686 | ~1.9488% | ~$731,900 | -31.7% |
| 2029 | ~$33,070,952 | ~$33,070,952 | ~1.9163% | ~$633,736 | -39.9% |
| 2030 | ~$29,121,766 | ~$29,121,766 | ~1.8837% | ~$548,579 | -47.1% |
| 2026 | ~$52,250,000 | ~$52,250,000 | ~2.0465% | ~$1,069,288 | -5.0% |
| 2027 | ~$49,637,500 | ~$49,637,500 | ~2.0465% | ~$1,015,824 | -9.8% |
| 2028 | ~$47,155,625 | ~$47,155,625 | ~2.0465% | ~$965,033 | -14.3% |
| 2029 | ~$44,797,844 | ~$44,797,844 | ~2.0465% | ~$916,781 | -18.5% |
| 2030 | ~$42,557,952 | ~$42,557,952 | ~2.0465% | ~$870,942 | -22.6% |
| 2026 | ~$49,532,144 | ~$49,532,144 | ~1.9977% | ~$989,485 | -9.9% |
| 2027 | ~$44,607,877 | ~$44,607,877 | ~1.9488% | ~$869,336 | -18.9% |
| 2028 | ~$40,173,160 | ~$40,173,160 | ~1.9000% | ~$763,297 | -27.0% |
| 2029 | ~$36,179,322 | ~$36,179,322 | ~1.8512% | ~$669,749 | -34.2% |
| 2030 | ~$32,582,534 | ~$32,582,534 | ~1.8024% | ~$587,258 | -40.8% |
In 2025, this property's market value of $55,000,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 39× 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 | $55,000,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $81,340,416 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $81,150,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | — | $553,066 | $1,215,730 | $2,939,150 | — | +3.3% |
| 2021 | $91,470,000 | $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.