2525 S LAMAR BLVD 2 TX 78704
| Owner | REED THOMAS SHANE |
|---|---|
| Parcel ID | 0401071603 |
| Short ID | 753556 |
| Type | Real |
| Use Code | 24 Commercial Space Condos |
| Valuation | Income |
| Improvement SF | 773 SF |
| Land SF | 1,451 SF |
| Acres | 0.033 |
| Year Built | 2007 |
| Legal | UNT 2 SPACES 2525 CONDOMINIUMS PLUS 1.557 % INT IN COM AREA |
| Neighborhood | 24SC01 |
| Land | $145,100 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $145,100 |
| Improvement | $470,331 |
|---|---|
| Total Improvement | $470,331 |
| Market | $615,431 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $615,431 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $615,431 |
| Taxable Value | $615,431 |
|---|
Appreciation: Market value has risen +74.0% from $353,643 (2021) to $615,431 (2025), a CAGR of 14.9% 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 $12,595. 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 24% of market value ($145,100 land vs $470,331 improvements), about $100/SF of land. Most value sits in the improvements, so building condition, age (~19 yrs), and rent roll drive the underwriting.
Submarket Position: At $615,431, 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 +14.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,230,119 by 2030, with an estimated annual tax burden around $18,671. 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 | 773 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% | $5,693.97 | $5,693.97 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,224.96 | $3,224.96 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,313.07 | $2,313.07 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $726.35 | $726.35 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $636.36 | $636.36 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $12,594.71 | $12,594.71 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $527,326 | $615,431 | -14.3% |
| Assessed Value | $527,326 | $615,431 | -14.3% |
| Land Value | $145,100 | $145,100 | +0.0% |
| Improvement Value | $382,226 | $470,331 | -18.7% |
| Taxable Value | $527,326 | $615,431 | -14.3% |
| Total Tax 2026 = estimate |
~$10,792
Estimated
|
~$12,595
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $527,326 | $527,326 | +0 (+0.0%) |
| Taxable Value | $527,326 | $527,326 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $527,326 | $145,100 | $382,226 | — | $527,326 | $527,326 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $615,431 | $145,100 | $470,331 | — | $615,431 | $615,431 | ~$12,595 | Partial |
| 2024 | $745,557 | — | — | −$600,457 | $145,100 | $— | $16,788 | Verified |
| 2023 | $508,198 | — | — | −$363,098 | $145,100 | $— | $13,489 | Verified |
| 2022 | $415,331 | — | — | −$357,291 | $58,040 | $— | $10,037 | Verified |
| 2021 | $353,643 | — | — | −$295,603 | $58,040 | $— | $9,040 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -14.3% | -14.3% | ~100% | Not available | Partial |
| 2025 | -27.3% | -27.3% | ~100% | Not available | Partial |
| 2024 | +13.6% | +13.6% | ~100% | 1.9800% | Verified |
| 2023 | +46.7% | +46.7% | ~100% | 1.8100% | Verified |
| 2022 | +22.4% | +22.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.5600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +48.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -14.3% | +10.9% | +18.7% | +46.7% | 2024 | -17.5% | 2025 |
| Assessment Ratio | 100.0% | 46.4% | — | 100.0% | 2025 | 14.0% | 2022 |
| 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 |
$12,595 | $12,390 | ~$16,058 | $16,788 | 2024 | $9,040 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$706,859 | ~$676,974 | ~2.0139% | ~$13,634 | +14.9% |
| 2027 | ~$811,870 | ~$744,672 | ~1.9814% | ~$14,755 | +31.9% |
| 2028 | ~$932,481 | ~$819,139 | ~1.9488% | ~$15,964 | +51.5% |
| 2029 | ~$1,071,010 | ~$901,053 | ~1.9163% | ~$17,267 | +74.0% |
| 2030 | ~$1,230,119 | ~$991,158 | ~1.8837% | ~$18,671 | +99.9% |
| 2026 | ~$694,551 | ~$676,974 | ~2.0465% | ~$13,854 | +12.9% |
| 2027 | ~$783,842 | ~$744,672 | ~2.0465% | ~$15,240 | +27.4% |
| 2028 | ~$884,612 | ~$819,139 | ~2.0465% | ~$16,764 | +43.7% |
| 2029 | ~$998,338 | ~$901,053 | ~2.0465% | ~$18,440 | +62.2% |
| 2030 | ~$1,126,684 | ~$991,158 | ~2.0465% | ~$20,284 | +83.1% |
| 2026 | ~$719,168 | ~$676,974 | ~1.9977% | ~$13,524 | +16.9% |
| 2027 | ~$840,391 | ~$744,672 | ~1.9488% | ~$14,512 | +36.6% |
| 2028 | ~$982,047 | ~$819,139 | ~1.9000% | ~$15,564 | +59.6% |
| 2029 | ~$1,147,580 | ~$901,053 | ~1.8512% | ~$16,680 | +86.5% |
| 2030 | ~$1,341,016 | ~$991,158 | ~1.8024% | ~$17,864 | +117.9% |
In 2025, this property's market value of $615,431 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -57% 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 | $615,431 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $745,557 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $508,198 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $415,331 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $353,643 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 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.