6215 N LAMAR BLVD TX 78752
| Owner | NORTH LOOP RENTALS LP |
|---|---|
| Parcel ID | 0229080602 |
| Short ID | 230093 |
| Type | Real |
| Use Code | 32 Restaurant |
| Valuation | Income |
| Improvement SF | 2,827 SF |
| Land SF | 30,000 SF |
| Acres | 0.689 |
| Year Built | 1945 |
| Legal | 100X300FT OF ABS 789 SUR 57 WALLACE J P |
| Neighborhood | 32CEN |
| Land | $2,700,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,700,000 |
| Improvement | $32,586 |
|---|---|
| Total Improvement | $32,586 |
| Market | $2,732,586 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,732,586 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,732,586 |
| Taxable Value | $2,732,586 |
|---|
Appreciation: Market value has risen +89.0% from $1,445,436 (2021) to $2,732,586 (2025), a CAGR of 17.3% 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 $55,922. 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 99% of market value ($2,700,000 land vs $32,586 improvements), about $90/SF of land. With value concentrated in the land under a ~81-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 $2,732,586, 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 +17.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,057,488 by 2030, with an estimated annual tax burden around $82,901. 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 | 13,930 SF | ✗ |
| 1ST | 1st Floor | 2,827 SF | ✓ |
| 501 | CANOPY | 303 SF | ✗ |
| 611 | TERRACE | 27 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% | $25,281.89 | $25,281.89 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $14,319.22 | $14,319.22 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $10,270.29 | $10,270.29 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,225.08 | $3,225.08 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,825.49 | $2,825.49 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $55,921.97 | $55,921.97 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,732,586 | $2,732,586 | +0.0% |
| Assessed Value | $2,732,586 | $2,732,586 | +0.0% |
| Land Value | $2,700,000 | $2,700,000 | +0.0% |
| Improvement Value | $32,586 | $32,586 | +0.0% |
| Taxable Value | $2,732,586 | $2,732,586 | +0.0% |
| Total Tax 2026 = estimate |
~$55,922
Estimated
|
~$55,922
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,768,767 | $2,732,586 | -36,181 (-1.3%) |
| Taxable Value | $2,768,767 | $2,732,586 | -36,181 (-1.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,732,586 | $2,700,000 | $32,586 | — | $2,732,586 | $2,732,586 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,732,586 | $2,700,000 | $32,586 | — | $2,732,586 | $2,732,586 | ~$55,922 | Partial |
| 2024 | $2,600,000 | — | — | — | $2,700,000 ! | $— | $53,509 | Verified |
| 2023 | $2,180,000 | — | — | — | $2,600,000 ! | $— | $47,040 | Verified |
| 2022 | $1,446,942 | — | — | — | $2,180,000 ! | $— | $37,800 | Verified |
| 2021 | $1,445,436 | — | — | −$95,436 | $1,350,000 | $— | $31,495 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.3% | +1.3% | ~100% | Not available | Partial |
| 2025 | +1.2% | +1.2% | ~100% | Not available | Partial |
| 2024 | +3.8% | +3.8% | ~100% | 1.9800% | Verified |
| 2023 | +19.3% | +19.3% | ~100% | 1.8100% | Verified |
| 2022 | +50.7% | +50.7% | ~100% | 1.7300% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +88.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +15.0% | +17.3% | +50.7% | 2023 | +0.0% | 2026 |
| Assessment Ratio | 100.0% | 111.2% | — | 150.7% | 2022 | 93.4% | 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 |
$55,922 | $45,153 | ~$71,300 | $55,922 | 2025 | $31,495 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,204,185 | ~$3,005,845 | ~2.0139% | ~$60,536 | +17.3% |
| 2027 | ~$3,757,174 | ~$3,306,429 | ~1.9814% | ~$65,513 | +37.5% |
| 2028 | ~$4,405,600 | ~$3,637,072 | ~1.9488% | ~$70,881 | +61.2% |
| 2029 | ~$5,165,933 | ~$4,000,779 | ~1.9163% | ~$76,667 | +89.0% |
| 2030 | ~$6,057,488 | ~$4,400,857 | ~1.8837% | ~$82,901 | +121.7% |
| 2026 | ~$3,149,533 | ~$3,005,845 | ~2.0465% | ~$61,514 | +15.3% |
| 2027 | ~$3,630,100 | ~$3,306,429 | ~2.0465% | ~$67,666 | +32.8% |
| 2028 | ~$4,183,993 | ~$3,637,072 | ~2.0465% | ~$74,432 | +53.1% |
| 2029 | ~$4,822,401 | ~$4,000,779 | ~2.0465% | ~$81,875 | +76.5% |
| 2030 | ~$5,558,219 | ~$4,400,857 | ~2.0465% | ~$90,063 | +103.4% |
| 2026 | ~$3,258,837 | ~$3,005,845 | ~1.9977% | ~$60,047 | +19.3% |
| 2027 | ~$3,886,435 | ~$3,306,429 | ~1.9488% | ~$64,437 | +42.2% |
| 2028 | ~$4,634,897 | ~$3,637,072 | ~1.9000% | ~$69,105 | +69.6% |
| 2029 | ~$5,527,502 | ~$4,000,779 | ~1.8512% | ~$74,062 | +102.3% |
| 2030 | ~$6,592,007 | ~$4,400,857 | ~1.8024% | ~$79,320 | +141.2% |
In 2025, this property's market value of $2,732,586 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +93% 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 | $2,732,586 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,600,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,180,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,446,942 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,445,436 | $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.