6702 N LAMAR BLVD TX 78752
| Owner | YING WANG CHI LIN |
|---|---|
| Parcel ID | 0231090207 |
| Short ID | 232202 |
| Type | Real |
| Use Code | 37 Motel — Extended Stay |
| Valuation | Income |
| Improvement SF | 10,926 SF |
| Land SF | 31,500 SF |
| Acres | 0.723 |
| Year Built | 1948 |
| Legal | LOT 2 MCKEAN & SALAHI SUBD (COMMERCIAL PERSONAL PROPERTY) |
| Neighborhood | 37NC2 |
| Land | $2,268,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,268,000 |
| Improvement | $70,690 |
|---|---|
| Total Improvement | $70,690 |
| Market | $2,338,690 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,338,690 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,338,690 |
| Taxable Value | $2,338,690 |
|---|
Appreciation: Market value has risen +83.0% from $1,277,750 (2021) to $2,338,690 (2025), a CAGR of 16.3% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 $47,861. 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 ($2,268,000 land vs $70,690 improvements), about $72/SF of land. With value concentrated in the land under a ~78-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 $2,338,690, 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 +16.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,978,874 by 2030, with an estimated annual tax burden around $70,951. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 10,926 SF | ✓ |
| 551 | PAVED AREA | 10,000 SF | ✗ |
| 501 | CANOPY | 545 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% | $21,637.56 | $21,637.56 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $12,255.13 | $12,255.13 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $8,789.85 | $8,789.85 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,760.19 | $2,760.19 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,418.21 | $2,418.21 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $47,860.94 | $47,860.94 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,730,077 | $2,338,690 | -26.0% |
| Assessed Value | $1,730,077 | $2,338,690 | -26.0% |
| Land Value | $2,268,000 | $2,268,000 | +0.0% |
| Improvement Value | — | $70,690 | — |
| Taxable Value | $1,730,077 | $2,338,690 | -26.0% |
| Total Tax 2026 = estimate |
~$35,406
Estimated
|
~$47,861
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,342,729 | $1,730,077 | -612,652 (-26.2%) |
| Taxable Value | $2,342,729 | $1,730,077 | -612,652 (-26.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,730,077 | $2,268,000 | — | — | $1,730,077 | $1,730,077 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,338,690 | $2,268,000 | $70,690 | — | $2,338,690 | $2,338,690 | ~$47,861 | Partial |
| 2024 | $2,126,250 | — | — | — | $2,126,251 ! | $— | $42,138 | Verified |
| 2023 | $1,277,750 | — | — | — | $2,126,250 ! | $— | $38,469 | Verified |
| 2022 | $1,277,750 | — | — | — | $1,277,750 | $— | $25,235 | Verified |
| 2021 | $1,277,750 | — | — | −$2,000 | $1,275,750 | $— | $27,813 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.2% | +0.2% | ~100% | Not available | Partial |
| 2025 | +10.0% | +10.0% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +66.4% | +66.4% | ~100% | 1.8100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +83.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -26.0% | +10.1% | +24.5% | +66.4% | 2024 | -26.0% | 2026 |
| Assessment Ratio | 100.0% | 111.0% | — | 166.4% | 2023 | 99.8% | 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 |
$47,861 | $36,303 | ~$61,022 | $47,861 | 2025 | $25,235 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,720,222 | ~$2,572,559 | ~2.0139% | ~$51,810 | +16.3% |
| 2027 | ~$3,163,997 | ~$2,829,815 | ~1.9814% | ~$56,070 | +35.3% |
| 2028 | ~$3,680,169 | ~$3,112,796 | ~1.9488% | ~$60,663 | +57.4% |
| 2029 | ~$4,280,549 | ~$3,424,076 | ~1.9163% | ~$65,615 | +83.0% |
| 2030 | ~$4,978,874 | ~$3,766,484 | ~1.8837% | ~$70,951 | +112.9% |
| 2026 | ~$2,673,448 | ~$2,572,559 | ~2.0465% | ~$52,647 | +14.3% |
| 2027 | ~$3,056,123 | ~$2,829,815 | ~2.0465% | ~$57,912 | +30.7% |
| 2028 | ~$3,493,575 | ~$3,112,796 | ~2.0465% | ~$63,703 | +49.4% |
| 2029 | ~$3,993,642 | ~$3,424,076 | ~2.0465% | ~$70,073 | +70.8% |
| 2030 | ~$4,565,289 | ~$3,766,484 | ~2.0465% | ~$77,081 | +95.2% |
| 2026 | ~$2,766,996 | ~$2,572,559 | ~1.9977% | ~$51,391 | +18.3% |
| 2027 | ~$3,273,741 | ~$2,829,815 | ~1.9488% | ~$55,149 | +40.0% |
| 2028 | ~$3,873,292 | ~$3,112,796 | ~1.9000% | ~$59,144 | +65.6% |
| 2029 | ~$4,582,643 | ~$3,424,076 | ~1.8512% | ~$63,386 | +95.9% |
| 2030 | ~$5,421,905 | ~$3,766,484 | ~1.8024% | ~$67,886 | +131.8% |
In 2025, this property's market value of $2,338,690 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +65% 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 | $2,338,690 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,126,250 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,277,750 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,277,750 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,277,750 | $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.