5916 N LAMAR BLVD TX 78752
| Owner | THRIVE LENDING FUND II LLC |
|---|---|
| Parcel ID | 0229080107 |
| Short ID | 230004 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 3,026 SF |
| Land SF | 17,488 SF |
| Acres | 0.401 |
| Year Built | 1972 |
| Legal | LOT 2 AMENDED PLAT OF LTS A-E & G WUPPERMAN ADDN SEC 2 |
| Neighborhood | 53NOR |
| Land | $1,748,800 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,748,800 |
| Improvement | $377,133 |
|---|---|
| Total Improvement | $377,133 |
| Market | $2,125,933 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,125,933 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,125,933 |
| Taxable Value | $2,125,933 |
|---|
Appreciation: Market value has risen +96.6% from $1,081,229 (2021) to $2,125,933 (2025), a CAGR of 18.4% over 4 years. This is strong appreciation — well above typical inflation. 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 $43,507. 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 82% of market value ($1,748,800 land vs $377,133 improvements), about $100/SF of land. With value concentrated in the land under a ~54-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 $2,125,933, 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 +18.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,949,820 by 2030, with an estimated annual tax burden around $64,496. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 4,800 SF | ✗ |
| 1ST | 1st Floor | 3,026 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 91 SF | ✗ |
| 501 | CANOPY | 51 SF | ✗ |
| 531 | OBS FENCE | 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% | $19,669.13 | $19,669.13 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $11,140.25 | $11,140.25 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,990.21 | $7,990.21 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,509.09 | $2,509.09 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,198.21 | $2,198.21 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $43,506.89 | $43,506.89 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,748,800 | $2,125,933 | -17.7% |
| Assessed Value | $1,748,800 | $2,125,933 | -17.7% |
| Land Value | $1,748,800 | $1,748,800 | +0.0% |
| Improvement Value | — | $377,133 | — |
| Taxable Value | $1,748,800 | $2,125,933 | -17.7% |
| Total Tax 2026 = estimate |
~$35,789
Estimated
|
~$43,507
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,175,967 | $1,748,800 | -427,167 (-19.6%) |
| Taxable Value | $2,175,967 | $1,748,800 | -427,167 (-19.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,748,800 | $1,748,800 | — | — | $1,748,800 | $1,748,800 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,125,933 | $1,748,800 | $377,133 | — | $2,125,933 | $2,125,933 | ~$43,507 | Partial |
| 2024 | $1,749,800 | — | — | −$150,249 | $1,599,551 | $— | $31,700 | Verified |
| 2023 | $1,312,600 | — | — | — | $1,748,800 ! | $— | $31,658 | Verified |
| 2022 | $1,099,523 | — | — | — | $1,311,600 ! | $— | $25,923 | Verified |
| 2021 | $1,081,229 | — | — | −$206,829 | $874,400 | $— | $23,933 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.4% | +2.4% | ~100% | Not available | Partial |
| 2025 | -2.6% | +1.2% | ~100% | Not available | Partial |
| 2024 | +24.8% | +20.0% | 96.2% | 1.4500% | Verified |
| 2023 | +33.3% | +33.3% | ~100% | 1.8100% | Verified |
| 2022 | +19.4% | +19.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +93.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -17.7% | +11.6% | +23.5% | +33.3% | 2024 | -17.7% | 2026 |
| Assessment Ratio | 100.0% | 104.1% | — | 133.2% | 2023 | 80.9% | 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 |
$43,507 | $31,344 | ~$55,470 | $43,507 | 2025 | $23,933 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,517,431 | ~$2,338,526 | ~2.0139% | ~$47,096 | +18.4% |
| 2027 | ~$2,981,024 | ~$2,572,379 | ~1.9814% | ~$50,969 | +40.2% |
| 2028 | ~$3,529,990 | ~$2,829,617 | ~1.9488% | ~$55,145 | +66.0% |
| 2029 | ~$4,180,050 | ~$3,112,579 | ~1.9163% | ~$59,646 | +96.6% |
| 2030 | ~$4,949,820 | ~$3,423,836 | ~1.8837% | ~$64,496 | +132.8% |
| 2026 | ~$2,474,912 | ~$2,338,526 | ~2.0465% | ~$47,858 | +16.4% |
| 2027 | ~$2,881,177 | ~$2,572,379 | ~2.0465% | ~$52,643 | +35.5% |
| 2028 | ~$3,354,133 | ~$2,829,617 | ~2.0465% | ~$57,908 | +57.8% |
| 2029 | ~$3,904,725 | ~$3,112,579 | ~2.0465% | ~$63,698 | +83.7% |
| 2030 | ~$4,545,699 | ~$3,423,836 | ~2.0465% | ~$70,068 | +113.8% |
| 2026 | ~$2,559,949 | ~$2,338,526 | ~1.9977% | ~$46,716 | +20.4% |
| 2027 | ~$3,082,572 | ~$2,572,379 | ~1.9488% | ~$50,132 | +45.0% |
| 2028 | ~$3,711,889 | ~$2,829,617 | ~1.9000% | ~$53,763 | +74.6% |
| 2029 | ~$4,469,684 | ~$3,112,579 | ~1.8512% | ~$57,620 | +110.2% |
| 2030 | ~$5,382,186 | ~$3,423,836 | ~1.8024% | ~$61,710 | +153.2% |
In 2025, this property's market value of $2,125,933 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +50% 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 | $2,125,933 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,749,800 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,312,600 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,099,523 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $1,081,229 | $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.