7703 N LAMAR BLVD 500 TX 78752
| Owner | 3305 PARTNERS AT STECK LLC & |
|---|---|
| Parcel ID | 0234111406 |
| Short ID | 739781 |
| Type | Real |
| Use Code | 26 Large Office Condo |
| Valuation | Income |
| Improvement SF | 10,912 SF |
| Land SF | 13,500 SF |
| Acres | 0.310 |
| Year Built | 1972 |
| Legal | UNT 500 BLD EAST LAMAR TOWERS CONDOMINIUMS PLUS 10.0 % INT IN COM AREA |
| Neighborhood | 52NOR |
| Land | $404,985 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $404,985 |
| Improvement | $72,948 |
|---|---|
| Total Improvement | $72,948 |
| Market | $477,933 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $477,933 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $477,933 |
| Taxable Value | $477,933 |
|---|
Appreciation: Market value has fallen -64.8% from $1,359,100 (2021) to $477,933 (2025), a CAGR of -23.0% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2024→2025), 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 lagged 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 $9,781. 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 85% of market value ($404,985 land vs $72,948 improvements), about $30/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 $477,933, this parcel sits in the bottom quartile (<25th 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 -23.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $129,423 by 2030, with an estimated annual tax burden around $2,438. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 10,912 SF | ✓ |
Market value changed by 135% in 2026, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $4,421.84 | $4,421.84 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,504.45 | $2,504.45 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,796.29 | $1,796.29 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $564.07 | $564.07 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $494.18 | $494.18 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $9,780.83 | $9,780.83 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,122,638 | $477,933 | +134.9% |
| Assessed Value | $573,520 | $477,933 | +20.0% |
| Land Value | $404,985 | $404,985 | +0.0% |
| Improvement Value | $717,653 | $72,948 | +883.8% |
| Taxable Value | $573,520 | $477,933 | +20.0% |
| HS Cap Loss | -$549,118 | — | |
| Total Tax 2026 = estimate |
~$11,737
Estimated
|
~$9,781
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,122,638 | $1,122,638 | +0 (+0.0%) |
| Taxable Value | $573,520 | $573,520 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,122,638 | $404,985 | $717,653 | −$549,118 | $573,520 | $573,520 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $477,933 | $404,985 | $72,948 | — | $477,933 | $477,933 | ~$9,781 | Partial |
| 2024 | $1,318,964 | — | — | −$913,979 | $404,985 | $— | $23,917 | Verified |
| 2023 | $1,329,443 | — | — | −$924,458 | $404,985 | $— | $23,863 | Verified |
| 2022 | $1,290,638 | — | — | −$885,653 | $404,985 | $— | $26,255 | Verified |
| 2021 | $1,359,100 | — | — | −$954,115 | $404,985 | $— | $28,093 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +134.9% ! | +20.0% | 51.1% | Not available | Partial |
| 2025 | -60.4% | -60.4% | ~100% | Not available | Partial |
| 2024 | -8.5% | -8.5% | ~100% | 1.9800% | Verified |
| 2023 | -0.8% | -0.8% | ~100% | 1.8100% | Verified |
| 2022 | +3.0% | +3.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.0700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -63.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +134.9% | +13.7% | -31.8% | +134.9% | 2026 | -63.8% | 2025 |
| Assessment Ratio | 51.1% | 45.6% | — | 100.0% | 2025 | 29.8% | 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 |
$9,781 | $22,382 | ~$4,588 | $28,093 | 2021 | $9,781 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$368,041 | ~$368,041 | ~2.0139% | ~$7,412 | -23.0% |
| 2027 | ~$283,416 | ~$283,416 | ~1.9814% | ~$5,616 | -40.7% |
| 2028 | ~$218,250 | ~$218,250 | ~1.9488% | ~$4,253 | -54.3% |
| 2029 | ~$168,067 | ~$168,067 | ~1.9163% | ~$3,221 | -64.8% |
| 2030 | ~$129,423 | ~$129,423 | ~1.8837% | ~$2,438 | -72.9% |
| 2026 | ~$454,036 | ~$454,036 | ~2.0465% | ~$9,292 | -5.0% |
| 2027 | ~$431,335 | ~$431,335 | ~2.0465% | ~$8,827 | -9.7% |
| 2028 | ~$409,768 | ~$409,768 | ~2.0465% | ~$8,386 | -14.3% |
| 2029 | ~$389,279 | ~$389,279 | ~2.0465% | ~$7,967 | -18.5% |
| 2030 | ~$369,815 | ~$369,815 | ~2.0465% | ~$7,568 | -22.6% |
| 2026 | ~$377,599 | ~$377,599 | ~1.9977% | ~$7,543 | -21.0% |
| 2027 | ~$298,329 | ~$298,329 | ~1.9488% | ~$5,814 | -37.6% |
| 2028 | ~$235,700 | ~$235,700 | ~1.9000% | ~$4,478 | -50.7% |
| 2029 | ~$186,219 | ~$186,219 | ~1.8512% | ~$3,447 | -61.0% |
| 2030 | ~$147,126 | ~$147,126 | ~1.8024% | ~$2,652 | -69.2% |
In 2025, this property's market value of $477,933 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -66% below 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 | $477,933 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $1,318,964 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,329,443 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,290,638 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,359,100 | $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.