5602 N LAMAR BLVD TX
| Owner | DANS-NORTH LAMAR L L C |
|---|---|
| Parcel ID | 0228070415 |
| Short ID | 228894 |
| Type | Real |
| Use Code | 33 Fast Food Restaurant |
| Valuation | Income |
| Improvement SF | 2,744 SF |
| Land SF | 18,553 SF |
| Acres | 0.426 |
| Year Built | 1980 |
| Legal | 128.45X144.44FT ABS 720 SUR 100 SPEAR G W |
| Neighborhood | 33CEN |
| Land | $1,855,300 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,855,300 |
| Improvement | $63,697 |
|---|---|
| Total Improvement | $63,697 |
| Market | $1,918,997 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,918,997 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,918,997 |
| Taxable Value | $1,918,997 |
|---|
Appreciation: Market value has risen +47.6% from $1,300,000 (2021) to $1,918,997 (2025), a CAGR of 10.2% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), 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 $39,272. 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 97% of market value ($1,855,300 land vs $63,697 improvements), about $100/SF of land. With value concentrated in the land under a ~46-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 $1,918,997, 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 +10.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,122,396 by 2030, with an estimated annual tax burden around $58,218. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 13,141 SF | ✗ |
| 1ST | 1st Floor | 2,744 SF | ✓ |
| 611 | TERRACE | 384 SF | ✗ |
| 501 | CANOPY | 112 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% | $17,754.56 | $17,754.56 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $10,055.87 | $10,055.87 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,212.45 | $7,212.45 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,264.86 | $2,264.86 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,984.24 | $1,984.24 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $39,271.98 | $39,271.98 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,922,567 | $1,918,997 | +0.2% |
| Assessed Value | $1,922,567 | $1,918,997 | +0.2% |
| Land Value | $1,855,300 | $1,855,300 | +0.0% |
| Improvement Value | $67,267 | $63,697 | +5.6% |
| Taxable Value | $1,922,567 | $1,918,997 | +0.2% |
| Total Tax 2026 = estimate |
~$39,345
Estimated
|
~$39,272
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,922,567 | $1,922,567 | +0 (+0.0%) |
| Taxable Value | $1,922,567 | $1,922,567 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,922,567 | $1,855,300 | $67,267 | — | $1,922,567 | $1,922,567 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,918,997 | $1,855,300 | $63,697 | — | $1,918,997 | $1,918,997 | ~$39,272 | Partial |
| 2024 | $1,800,000 | — | — | — | $1,855,300 ! | $— | $36,922 | Verified |
| 2023 | $1,485,000 | — | — | — | $1,800,000 ! | $— | $32,566 | Verified |
| 2022 | $1,031,960 | — | — | — | $1,485,000 ! | $— | $29,328 | Verified |
| 2021 | $1,300,000 | — | — | −$435,189 | $864,811 | $— | $22,462 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.2% | +0.2% | ~100% | Not available | Partial |
| 2025 | +3.0% | +3.0% | ~100% | Not available | Partial |
| 2024 | +3.5% | +3.5% | ~100% | 1.9800% | Verified |
| 2023 | +7.7% | +7.7% | ~100% | 1.8100% | Verified |
| 2022 | +37.6% | +37.6% | ~100% | 1.7500% | Verified |
| 2021 | base year | — | ~100% | 1.7300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +58.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.2% | +10.3% | +10.2% | +43.9% | 2023 | -20.6% | 2022 |
| Assessment Ratio | 100.0% | 105.8% | — | 143.9% | 2022 | 66.5% | 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 |
$39,272 | $32,110 | ~$50,071 | $39,272 | 2025 | $22,462 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,115,227 | ~$2,110,897 | ~2.0139% | ~$42,512 | +10.2% |
| 2027 | ~$2,331,523 | ~$2,321,986 | ~1.9814% | ~$46,008 | +21.5% |
| 2028 | ~$2,569,937 | ~$2,554,185 | ~1.9488% | ~$49,777 | +33.9% |
| 2029 | ~$2,832,730 | ~$2,809,604 | ~1.9163% | ~$53,840 | +47.6% |
| 2030 | ~$3,122,396 | ~$3,090,564 | ~1.8837% | ~$58,218 | +62.7% |
| 2026 | ~$2,076,847 | ~$2,076,847 | ~2.0465% | ~$42,502 | +8.2% |
| 2027 | ~$2,247,682 | ~$2,247,682 | ~2.0465% | ~$45,998 | +17.1% |
| 2028 | ~$2,432,569 | ~$2,432,569 | ~2.0465% | ~$49,782 | +26.8% |
| 2029 | ~$2,632,664 | ~$2,632,664 | ~2.0465% | ~$53,877 | +37.2% |
| 2030 | ~$2,849,218 | ~$2,849,218 | ~2.0465% | ~$58,309 | +48.5% |
| 2026 | ~$2,153,607 | ~$2,110,897 | ~1.9977% | ~$42,169 | +12.2% |
| 2027 | ~$2,416,900 | ~$2,321,986 | ~1.9488% | ~$45,252 | +25.9% |
| 2028 | ~$2,712,382 | ~$2,554,185 | ~1.9000% | ~$48,530 | +41.3% |
| 2029 | ~$3,043,989 | ~$2,809,604 | ~1.8512% | ~$52,011 | +58.6% |
| 2030 | ~$3,416,137 | ~$3,090,564 | ~1.8024% | ~$55,703 | +78.0% |
In 2025, this property's market value of $1,918,997 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +35% 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 | $1,918,997 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,800,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,485,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,031,960 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $1,300,000 | $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.