8610 N LAMAR BLVD TX 78753
| Owner | LEE USA INVESTMENT INC |
|---|---|
| Parcel ID | 0238150808 |
| Short ID | 241876 |
| Type | Real |
| Use Code | 43 Strip Center (>10,000 SF) |
| Valuation | Income |
| Improvement SF | 25,969 SF |
| Land SF | 109,205 SF |
| Acres | 2.507 |
| Year Built | 1978 |
| Legal | LOT A LANIER VILLAGE |
| Neighborhood | 43NOR |
| Land | $2,184,100 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,184,100 |
| Improvement | $405,900 |
|---|---|
| Total Improvement | $405,900 |
| Market | $2,590,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,590,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,590,000 |
| Taxable Value | $2,590,000 |
|---|
Appreciation: Market value has fallen -13.2% from $2,984,000 (2021) to $2,590,000 (2025), a CAGR of -3.5% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), 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 $53,004. 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 84% of market value ($2,184,100 land vs $405,900 improvements), about $20/SF of land. With value concentrated in the land under a ~48-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 $2,590,000, 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 -3.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,169,831 by 2030, with an estimated annual tax burden around $40,874. 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 | 78,000 SF | ✗ |
| 1ST | 1st Floor | 25,969 SF | ✓ |
| 501 | CANOPY | 5,041 SF | ✗ |
| 611 | TERRACE | 5,041 SF | ✗ |
| 482 | LIGHT POLES | 4 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% | $23,962.68 | $23,962.68 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $13,572.04 | $13,572.04 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,734.39 | $9,734.39 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,056.80 | $3,056.80 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,678.06 | $2,678.06 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $53,003.97 | $53,003.97 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,691,611 | $2,590,000 | +3.9% |
| Assessed Value | $2,691,611 | $2,590,000 | +3.9% |
| Land Value | $2,184,100 | $2,184,100 | +0.0% |
| Improvement Value | $507,511 | $405,900 | +25.0% |
| Taxable Value | $2,691,611 | $2,590,000 | +3.9% |
| Total Tax 2026 = estimate |
~$55,083
Estimated
|
~$53,004
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,164,000 | $2,691,611 | -472,389 (-14.9%) |
| Taxable Value | $3,108,000 | $2,691,611 | -416,389 (-13.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,691,611 | $2,184,100 | $507,511 | — | $2,691,611 | $2,691,611 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,590,000 | $2,184,100 | $405,900 | — | $2,590,000 | $2,590,000 | ~$53,004 | Partial |
| 2024 | $2,798,000 | — | — | −$613,900 | $2,184,100 | $— | $61,468 | Verified |
| 2023 | $2,793,838 | — | — | −$609,738 | $2,184,100 | $— | $50,623 | Verified |
| 2022 | $2,689,988 | — | — | −$505,888 | $2,184,100 | $— | $55,176 | Verified |
| 2021 | $2,984,000 | — | — | −$799,900 | $2,184,100 | $— | $58,552 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +22.2% | +20.0% | 98.2% | Not available | Partial |
| 2025 | -16.5% | -16.5% | ~100% | Not available | Partial |
| 2024 | +10.9% | +10.9% | ~100% | 1.9800% | Verified |
| 2023 | +0.1% | +0.1% | ~100% | 1.8100% | Verified |
| 2022 | +3.9% | +3.9% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.9600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -3.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +3.9% | -1.9% | -4.2% | +3.9% | 2026 | -9.9% | 2022 |
| Assessment Ratio | 100.0% | 85.1% | — | 100.0% | 2025 | 73.2% | 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 |
$53,004 | $55,765 | ~$45,500 | $61,468 | 2024 | $50,623 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,499,914 | ~$2,499,914 | ~2.0139% | ~$50,347 | -3.5% |
| 2027 | ~$2,412,961 | ~$2,412,961 | ~1.9814% | ~$47,810 | -6.8% |
| 2028 | ~$2,329,032 | ~$2,329,032 | ~1.9488% | ~$45,389 | -10.1% |
| 2029 | ~$2,248,023 | ~$2,248,023 | ~1.9163% | ~$43,079 | -13.2% |
| 2030 | ~$2,169,831 | ~$2,169,831 | ~1.8837% | ~$40,874 | -16.2% |
| 2026 | ~$2,460,500 | ~$2,460,500 | ~2.0465% | ~$50,354 | -5.0% |
| 2027 | ~$2,337,475 | ~$2,337,475 | ~2.0465% | ~$47,836 | -9.8% |
| 2028 | ~$2,220,601 | ~$2,220,601 | ~2.0465% | ~$45,444 | -14.3% |
| 2029 | ~$2,109,571 | ~$2,109,571 | ~2.0465% | ~$43,172 | -18.5% |
| 2030 | ~$2,004,093 | ~$2,004,093 | ~2.0465% | ~$41,013 | -22.6% |
| 2026 | ~$2,551,714 | ~$2,551,714 | ~1.9977% | ~$50,975 | -1.5% |
| 2027 | ~$2,513,993 | ~$2,513,993 | ~1.9488% | ~$48,994 | -2.9% |
| 2028 | ~$2,476,830 | ~$2,476,830 | ~1.9000% | ~$47,060 | -4.4% |
| 2029 | ~$2,440,217 | ~$2,440,217 | ~1.8512% | ~$45,173 | -5.8% |
| 2030 | ~$2,404,145 | ~$2,404,145 | ~1.8024% | ~$43,332 | -7.2% |
In 2025, this property's market value of $2,590,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +83% 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 | $2,590,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,798,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,793,838 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,689,988 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,984,000 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 25% | 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.