720 LAMAR PL TX 78752
| Owner | GEAUXNU HOLDINGS LLC |
|---|---|
| Parcel ID | 0229080704 |
| Short ID | 230105 |
| Type | Real |
| Use Code | 30 Strip Center (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 4,097 SF |
| Land SF | 21,700 SF |
| Acres | 0.498 |
| Year Built | 1969 |
| Legal | LOT A * RESUB OF LOT 8-11 LAMAR PLACE |
| Neighborhood | 30CEN |
| Land | $1,953,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,953,000 |
| Improvement | $87,000 |
|---|---|
| Total Improvement | $87,000 |
| Market | $2,040,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,040,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,040,000 |
| Taxable Value | $2,040,000 |
|---|
Appreciation: Market value has risen +78.9% from $1,140,579 (2021) to $2,040,000 (2025), a CAGR of 15.6% 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 $41,748. 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 ($1,953,000 land vs $87,000 improvements), about $90/SF of land. With value concentrated in the land under a ~57-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 $2,040,000, 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 +15.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,219,502 by 2030, with an estimated annual tax burden around $61,889. 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 | 10,000 SF | ✗ |
| 1ST | 1st Floor | 4,097 SF | ✓ |
| 501 | CANOPY | 1,758 SF | ✗ |
| 327 | STORAGE COMM'L | 152 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% | $18,874.08 | $18,874.08 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $10,689.95 | $10,689.95 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,667.24 | $7,667.24 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,407.67 | $2,407.67 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,109.36 | $2,109.36 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $41,748.30 | $41,748.30 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,088,462 | $2,040,000 | +2.4% |
| Assessed Value | $2,088,462 | $2,040,000 | +2.4% |
| Land Value | $1,953,000 | $1,953,000 | +0.0% |
| Improvement Value | $135,462 | $87,000 | +55.7% |
| Taxable Value | $2,088,462 | $2,040,000 | +2.4% |
| Total Tax 2026 = estimate |
~$42,740
Estimated
|
~$41,748
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,088,462 | $2,088,462 | +0 (+0.0%) |
| Taxable Value | $2,088,462 | $2,088,462 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,088,462 | $1,953,000 | $135,462 | — | $2,088,462 | $2,088,462 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,040,000 | $1,953,000 | $87,000 | — | $2,040,000 | $2,040,000 | ~$41,748 | Partial |
| 2024 | $1,960,000 | — | — | −$7,000 | $1,953,000 | $— | $39,965 | Verified |
| 2023 | $1,641,867 | — | — | — | $1,953,000 ! | $— | $35,461 | Verified |
| 2022 | $990,867 | — | — | — | $1,627,500 ! | $— | $32,426 | Verified |
| 2021 | $1,140,579 | — | — | −$164,079 | $976,500 | $— | $21,568 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.4% | +2.4% | ~100% | Not available | Partial |
| 2025 | -1.9% | -1.9% | ~100% | Not available | Partial |
| 2024 | +6.1% | +6.1% | ~100% | 1.9200% | Verified |
| 2023 | +19.4% | +19.4% | ~100% | 1.8100% | Verified |
| 2022 | +65.7% | +65.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.8900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +105.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.4% | +15.7% | +15.1% | +65.7% | 2023 | -13.1% | 2022 |
| Assessment Ratio | 100.0% | 111.4% | — | 164.3% | 2022 | 85.6% | 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 |
$41,748 | $34,234 | ~$53,228 | $41,748 | 2025 | $21,568 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,359,154 | ~$2,244,000 | ~2.0139% | ~$45,193 | +15.6% |
| 2027 | ~$2,728,240 | ~$2,468,400 | ~1.9814% | ~$48,909 | +33.7% |
| 2028 | ~$3,155,068 | ~$2,715,240 | ~1.9488% | ~$52,916 | +54.7% |
| 2029 | ~$3,648,673 | ~$2,986,764 | ~1.9163% | ~$57,235 | +78.9% |
| 2030 | ~$4,219,502 | ~$3,285,440 | ~1.8837% | ~$61,889 | +106.8% |
| 2026 | ~$2,318,354 | ~$2,244,000 | ~2.0465% | ~$45,923 | +13.6% |
| 2027 | ~$2,634,690 | ~$2,468,400 | ~2.0465% | ~$50,515 | +29.2% |
| 2028 | ~$2,994,189 | ~$2,715,240 | ~2.0465% | ~$55,567 | +46.8% |
| 2029 | ~$3,402,740 | ~$2,986,764 | ~2.0465% | ~$61,124 | +66.8% |
| 2030 | ~$3,867,038 | ~$3,285,440 | ~2.0465% | ~$67,236 | +89.6% |
| 2026 | ~$2,399,954 | ~$2,244,000 | ~1.9977% | ~$44,828 | +17.6% |
| 2027 | ~$2,823,422 | ~$2,468,400 | ~1.9488% | ~$48,105 | +38.4% |
| 2028 | ~$3,321,610 | ~$2,715,240 | ~1.9000% | ~$51,590 | +62.8% |
| 2029 | ~$3,907,702 | ~$2,986,764 | ~1.8512% | ~$55,291 | +91.6% |
| 2030 | ~$4,597,209 | ~$3,285,440 | ~1.8024% | ~$59,216 | +125.4% |
In 2025, this property's market value of $2,040,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +44% 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 | $2,040,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,960,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,641,867 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $990,867 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $1,140,579 | $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.