3108 N LAMAR BLVD TX 78705
| Owner | 8TH FLOOR PROPERTIES LLC |
|---|---|
| Parcel ID | 0219011320 |
| Short ID | 214592 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 10,352 SF |
| Land SF | 22,737 SF |
| Acres | 0.522 |
| Year Built | 1962 |
| Legal | LOT 7A BLK 3 *RESUB LOT 4-6 AND PART OF 7 PATTERSON ADDN |
| Neighborhood | 52CEN |
| Land | $2,728,440 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,728,440 |
| Improvement | $114,229 |
|---|---|
| Total Improvement | $114,229 |
| Market | $2,842,669 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,842,669 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,842,669 |
| Taxable Value | $2,842,669 |
|---|
Appreciation: Market value has risen +13.9% from $2,496,614 (2021) to $2,842,669 (2025), a CAGR of 3.3% 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 $58,175. 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 96% of market value ($2,728,440 land vs $114,229 improvements), about $120/SF of land. With value concentrated in the land under a ~64-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $2,842,669, this parcel sits in the upper-middle (50th–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 +3.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,343,451 by 2030, with an estimated annual tax burden around $62,982. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 6,112 SF | ✓ |
| 2ND | 2nd Floor | 4,240 SF | ✓ |
| 501 | CANOPY | 1,860 SF | ✗ |
| 551 | PAVED AREA | 1,400 SF | ✗ |
| SO | Sketch Only | 1,308 SF | ✗ |
| UBSMT | Unfinished Basement | 688 SF | ✓ |
| 413 | STAIRWAY EXT | 1 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% | $26,300.37 | $26,300.37 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $14,896.07 | $14,896.07 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $10,684.03 | $10,684.03 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,355.00 | $3,355.00 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,939.32 | $2,939.32 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $58,174.79 | $58,174.79 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,842,669 | $2,842,669 | +0.0% |
| Assessed Value | $2,842,669 | $2,842,669 | +0.0% |
| Land Value | $2,728,440 | $2,728,440 | +0.0% |
| Improvement Value | $114,229 | $114,229 | +0.0% |
| Taxable Value | $2,842,669 | $2,842,669 | +0.0% |
| Total Tax 2026 = estimate |
~$58,175
Estimated
|
~$58,175
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,842,669 | $2,842,669 | +0 (+0.0%) |
| Taxable Value | $2,842,669 | $2,842,669 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,842,669 | $2,728,440 | $114,229 | — | $2,842,669 | $2,842,669 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,842,669 | $2,728,440 | $114,229 | — | $2,842,669 | $2,842,669 | ~$58,175 | Partial |
| 2024 | $3,162,430 | — | — | −$433,990 | $2,728,440 | $— | $58,420 | Verified |
| 2023 | $2,647,584 | — | — | — | $2,728,440 ! | $— | $57,216 | Verified |
| 2022 | $2,525,522 | — | — | −$251,822 | $2,273,700 | $— | $52,288 | Verified |
| 2021 | $2,496,614 | — | — | −$222,914 | $2,273,700 | $— | $54,973 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | -3.6% | -3.6% | ~100% | Not available | Partial |
| 2024 | -6.8% | -6.8% | ~100% | 1.9800% | Verified |
| 2023 | +19.4% | +19.4% | ~100% | 1.8100% | Verified |
| 2022 | +4.8% | +4.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +12.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +3.1% | +3.3% | +19.4% | 2024 | -10.1% | 2025 |
| Assessment Ratio | 100.0% | 95.1% | — | 103.1% | 2023 | 86.3% | 2024 |
| 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 |
$58,175 | $56,214 | ~$61,062 | $58,420 | 2024 | $52,288 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,936,432 | ~$2,936,432 | ~2.0139% | ~$59,138 | +3.3% |
| 2027 | ~$3,033,289 | ~$3,033,289 | ~1.9814% | ~$60,101 | +6.7% |
| 2028 | ~$3,133,340 | ~$3,133,340 | ~1.9488% | ~$61,064 | +10.2% |
| 2029 | ~$3,236,691 | ~$3,236,691 | ~1.9163% | ~$62,024 | +13.9% |
| 2030 | ~$3,343,451 | ~$3,343,451 | ~1.8837% | ~$62,982 | +17.6% |
| 2026 | ~$2,879,579 | ~$2,879,579 | ~2.0465% | ~$58,930 | +1.3% |
| 2027 | ~$2,916,968 | ~$2,916,968 | ~2.0465% | ~$59,695 | +2.6% |
| 2028 | ~$2,954,843 | ~$2,954,843 | ~2.0465% | ~$60,470 | +3.9% |
| 2029 | ~$2,993,210 | ~$2,993,210 | ~2.0465% | ~$61,256 | +5.3% |
| 2030 | ~$3,032,075 | ~$3,032,075 | ~2.0465% | ~$62,051 | +6.7% |
| 2026 | ~$2,993,286 | ~$2,993,286 | ~1.9977% | ~$59,796 | +5.3% |
| 2027 | ~$3,151,883 | ~$3,151,883 | ~1.9488% | ~$61,425 | +10.9% |
| 2028 | ~$3,318,883 | ~$3,318,883 | ~1.9000% | ~$63,059 | +16.8% |
| 2029 | ~$3,494,732 | ~$3,494,732 | ~1.8512% | ~$64,694 | +22.9% |
| 2030 | ~$3,679,898 | ~$3,679,898 | ~1.8024% | ~$66,325 | +29.5% |
In 2025, this property's market value of $2,842,669 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +101% above 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 | $2,842,669 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $3,162,430 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,647,584 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,525,522 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,496,614 | $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.