1624 LAVACA ST TX 78701
| Owner | CAPITOL OWNER LP |
|---|---|
| Parcel ID | 0210022204 |
| Short ID | 199841 |
| Type | Real |
| Use Code | 34 Hotel — Full Service |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 8,512 SF |
| Acres | 0.195 |
| Year Built | — |
| Legal | N 25' OF E 128' & 19X58' OLT 37 DIVISION E |
| Neighborhood | 1CBD1 |
| Land | $4,255,810 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,255,810 |
| Improvement | $43,399,876 |
|---|---|
| Total Improvement | $43,399,876 |
| Market | $47,655,686 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $47,655,686 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $47,655,686 |
| Taxable Value | $47,655,686 |
|---|
Appreciation: Market value has risen +3008.3% from $1,533,168 (2021) to $47,655,686 (2025), a CAGR of 136.1% over 4 years. This is strong appreciation — well above typical inflation. 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 outpaced 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 $975,266. 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 9% of market value ($4,255,810 land vs $43,399,876 improvements), about $500/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $47,655,686, 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 +136.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,497,606,520 by 2030, with an estimated annual tax burden around $1,445,772. 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 |
|---|---|---|---|
| ADDL | Additional Floor | 137,239 SF | ✓ |
| 551 | PAVED AREA | 4,210 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% | $440,910.41 | $440,910.41 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $249,723.90 | $249,723.90 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $179,111.51 | $179,111.51 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $56,244.67 | $56,244.67 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $49,275.98 | $49,275.98 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $975,266.47 | $975,266.47 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $50,326,991 | $47,655,686 | +5.6% |
| Assessed Value | $50,326,991 | $47,655,686 | +5.6% |
| Land Value | $4,255,810 | $4,255,810 | +0.0% |
| Improvement Value | $46,071,181 | $43,399,876 | +6.2% |
| Taxable Value | $50,326,991 | $47,655,686 | +5.6% |
| Total Tax 2026 = estimate |
~$1,029,934
Estimated
|
~$975,266
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $50,326,991 | $50,326,991 | +0 (+0.0%) |
| Taxable Value | $50,326,991 | $50,326,991 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $50,326,991 | $4,255,810 | $46,071,181 | — | $50,326,991 | $50,326,991 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $47,655,686 | $4,255,810 | $43,399,876 | — | $47,655,686 | $47,655,686 | ~$975,266 | Partial |
| 2024 | $48,450,000 | — | — | — | — | $— | $857,499 | Verified |
| 2023 | $50,250,000 | — | — | — | — | $— | $809,010 | Verified |
| 2022 | $34,170,043 | — | — | — | — | $— | $818,848 | Verified |
| 2021 | $1,533,168 | — | — | −$887,868 | $645,300 | $— | $777,442 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +5.6% | +5.6% | ~100% | Not available | Partial |
| 2025 | -1.2% | -1.2% | ~100% | Not available | Partial |
| 2024 | -0.4% | -0.4% | ~100% | 1.7800% | Verified |
| 2023 | -3.6% | -3.6% | ~100% | 1.6700% | Verified |
| 2022 | +47.1% | +47.1% | ~100% | 1.6300% | Verified |
| 2021 | base year | — | ~100% | 50.7100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +39.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +5.6% | +435.2% | +133.6% | +2128.7% | 2022 | -3.6% | 2024 |
| Assessment Ratio | 100.0% | 80.7% | — | 100.0% | 2025 | 42.1% | 2021 |
| 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 |
$975,266 | $847,613 | ~$1,243,446 | $975,266 | 2025 | $777,442 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$112,524,209 | ~$52,421,255 | ~2.0139% | ~$1,055,731 | +136.1% |
| 2027 | ~$265,691,228 | ~$57,663,380 | ~1.9814% | ~$1,142,535 | +457.5% |
| 2028 | ~$627,347,917 | ~$63,429,718 | ~1.9488% | ~$1,236,143 | +1216.4% |
| 2029 | ~$1,481,288,683 | ~$69,772,690 | ~1.9163% | ~$1,337,048 | +3008.3% |
| 2030 | ~$3,497,606,520 | ~$76,749,959 | ~1.8837% | ~$1,445,772 | +7239.3% |
| 2026 | ~$111,571,096 | ~$52,421,255 | ~2.0465% | ~$1,072,793 | +134.1% |
| 2027 | ~$261,209,321 | ~$57,663,380 | ~2.0465% | ~$1,180,072 | +448.1% |
| 2028 | ~$611,541,091 | ~$63,429,718 | ~2.0465% | ~$1,298,080 | +1183.2% |
| 2029 | ~$1,431,734,916 | ~$69,772,690 | ~2.0465% | ~$1,427,888 | +2904.3% |
| 2030 | ~$3,351,965,878 | ~$76,749,959 | ~2.0465% | ~$1,570,676 | +6933.7% |
| 2026 | ~$113,477,323 | ~$52,421,255 | ~1.9977% | ~$1,047,200 | +138.1% |
| 2027 | ~$270,211,258 | ~$57,663,380 | ~1.9488% | ~$1,123,767 | +467.0% |
| 2028 | ~$643,424,801 | ~$63,429,718 | ~1.9000% | ~$1,205,175 | +1250.2% |
| 2029 | ~$1,532,117,784 | ~$69,772,690 | ~1.8512% | ~$1,291,628 | +3115.0% |
| 2030 | ~$3,648,266,125 | ~$76,749,959 | ~1.8024% | ~$1,383,319 | +7555.5% |
In 2025, this property's market value of $47,655,686 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 34× 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 | $47,655,686 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $48,450,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $50,250,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $34,170,043 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $1,533,168 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above median | 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.