5241 N LAMAR BLVD TX 78751
| Owner | AMF FUNDS LLC |
|---|---|
| Parcel ID | 0224070307 |
| Short ID | 223219 |
| Type | Real |
| Use Code | 20 Small Store (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 1,267 SF |
| Land SF | 7,440 SF |
| Acres | 0.171 |
| Year Built | 1951 |
| Legal | LOT 15-17 BLK B MURRAY PLACE |
| Neighborhood | 20CEN |
| Land | $781,200 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $781,200 |
| Improvement | $2,857 |
|---|---|
| Total Improvement | $2,857 |
| Market | $784,057 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $784,057 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $784,057 |
| Taxable Value | $784,057 |
|---|
Appreciation: Market value has risen +32.7% from $591,008 (2021) to $784,057 (2025), a CAGR of 7.3% over 4 years. This represents moderate, steady growth. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $16,046. 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 100% of market value ($781,200 land vs $2,857 improvements), about $105/SF of land. With value concentrated in the land under a ~75-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 $784,057, this parcel sits in the lower-middle (25th–50th 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 +7.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,116,325 by 2030, with an estimated annual tax burden around $21,029. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,267 SF | ✓ |
| 551 | PAVED AREA | 360 SF | ✗ |
| 511 | DECK | 196 SF | ✗ |
| 611 | TERRACE | 113 SF | ✗ |
| 501 | CANOPY | 73 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% | $7,254.10 | $7,254.10 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,108.59 | $4,108.59 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,946.84 | $2,946.84 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $925.37 | $925.37 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $810.71 | $810.71 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $16,045.61 | $16,045.61 | Paid |
| 2026 Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | — | $784,057 | — |
| Assessed Value | — | $784,057 | — |
| Land Value | — | $781,200 | — |
| Improvement Value | — | $2,857 | — |
| Taxable Value | — | $784,057 | — |
| Total Tax | Pending certification |
~$16,046
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2025 | $784,057 | $781,200 | $2,857 | — | $784,057 | $784,057 | ~$16,046 | Partial |
| 2024 | $768,420 | — | — | — | $781,200 ! | $— | $15,539 | Verified |
| 2023 | $696,110 | — | — | — | $768,420 ! | $— | $13,903 | Verified |
| 2022 | $584,525 | — | — | — | $669,600 ! | $— | $13,748 | Verified |
| 2021 | $591,008 | — | — | −$33,008 | $558,000 | $— | $12,723 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +2.0% | +2.0% | ~100% | 1.9800% | Verified |
| 2023 | +10.4% | +10.4% | ~100% | 1.8100% | Verified |
| 2022 | +19.1% | +19.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +34.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.0% | +7.6% | +7.3% | +19.1% | 2023 | -1.1% | 2022 |
| Assessment Ratio | 100.0% | 104.2% | — | 114.6% | 2022 | 94.4% | 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 |
$16,046 | $14,392 | ~$18,938 | $16,046 | 2025 | $12,723 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$841,465 | ~$841,465 | ~2.0139% | ~$16,947 | +7.3% |
| 2027 | ~$903,077 | ~$903,077 | ~1.9814% | ~$17,893 | +15.2% |
| 2028 | ~$969,200 | ~$969,200 | ~1.9488% | ~$18,888 | +23.6% |
| 2029 | ~$1,040,164 | ~$1,040,164 | ~1.9163% | ~$19,933 | +32.7% |
| 2030 | ~$1,116,325 | ~$1,116,325 | ~1.8837% | ~$21,029 | +42.4% |
| 2026 | ~$825,784 | ~$825,784 | ~2.0465% | ~$16,900 | +5.3% |
| 2027 | ~$869,732 | ~$869,732 | ~2.0465% | ~$17,799 | +10.9% |
| 2028 | ~$916,019 | ~$916,019 | ~2.0465% | ~$18,746 | +16.8% |
| 2029 | ~$964,769 | ~$964,769 | ~2.0465% | ~$19,744 | +23.0% |
| 2030 | ~$1,016,113 | ~$1,016,113 | ~2.0465% | ~$20,795 | +29.6% |
| 2026 | ~$857,146 | ~$857,146 | ~1.9977% | ~$17,123 | +9.3% |
| 2027 | ~$937,049 | ~$937,049 | ~1.9488% | ~$18,262 | +19.5% |
| 2028 | ~$1,024,401 | ~$1,024,401 | ~1.9000% | ~$19,464 | +30.7% |
| 2029 | ~$1,119,895 | ~$1,119,895 | ~1.8512% | ~$20,731 | +42.8% |
| 2030 | ~$1,224,291 | ~$1,224,291 | ~1.8024% | ~$22,066 | +56.1% |
In 2025, this property's market value of $784,057 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -45% 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 | $784,057 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $768,420 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $696,110 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $584,525 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $591,008 | $517,750 | $1,142,600 | $2,780,453 | ↓ Below 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.