2525 S LAMAR BLVD 3 TX 78704
| Owner | 2P TRUST |
|---|---|
| Parcel ID | 0401071604 |
| Short ID | 753557 |
| Type | Real |
| Use Code | 24 Commercial Space Condos |
| Valuation | Income |
| Improvement SF | 1,063 SF |
| Land SF | 1,995 SF |
| Acres | 0.046 |
| Year Built | 2007 |
| Legal | UNT 3 SPACES 2525 CONDOMINIUMS PLUS 2.1411 % INT IN COM AREA |
| Neighborhood | 24SC01 |
| Land | $199,500 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $199,500 |
| Improvement | $646,779 |
|---|---|
| Total Improvement | $646,779 |
| Market | $846,279 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $846,279 |
| Value Limitation Adjustment (−) (homestead cap) | −$108,279 |
| Net Appraised (assessed) | $738,000 |
| Taxable Value | $738,000 |
|---|
Appreciation: Market value has risen +82.3% from $464,300 (2021) to $846,279 (2025), a CAGR of 16.2% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $15,103. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($738,000) is $108,279 below market value, suggesting potential for an upward assessment in future years.
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 ($199,500 land vs $646,779 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 $846,279, this parcel sits in the lower-middle (25th–50th 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 +16.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,792,285 by 2030, with an estimated annual tax burden around $22,389. 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 | 1,063 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% | $6,827.98 | $6,827.98 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,867.25 | $3,867.25 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,773.74 | $2,773.74 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $871.01 | $871.01 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $763.09 | $763.09 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $15,103.07 | $15,103.07 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $725,123 | $846,279 | -14.3% |
| Assessed Value | $725,123 | $738,000 | -1.7% |
| Land Value | $199,500 | $199,500 | +0.0% |
| Improvement Value | $525,623 | $646,779 | -18.7% |
| Taxable Value | $725,123 | $738,000 | -1.7% |
| Total Tax 2026 = estimate |
~$14,840
Estimated
|
~$15,103
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $725,123 | $725,123 | +0 (+0.0%) |
| Taxable Value | $725,123 | $725,123 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $725,123 | $199,500 | $525,623 | — | $725,123 | $725,123 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $846,279 | $199,500 | $646,779 | −$108,279 | $738,000 | $738,000 | ~$15,103 | Partial |
| 2024 | $615,000 | — | — | −$415,500 | $199,500 | $— | $12,188 | Verified |
| 2023 | $628,957 | — | — | −$429,457 | $199,500 | $— | $11,127 | Verified |
| 2022 | $541,820 | — | — | −$462,020 | $79,800 | $— | $12,421 | Verified |
| 2021 | $464,300 | — | — | −$384,500 | $79,800 | $— | $11,794 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -14.3% | -1.7% | ~100% | Not available | Partial |
| 2025 | +37.6% | +20.0% | 87.2% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | -2.2% | -2.2% | ~100% | 1.8100% | Verified |
| 2022 | +12.6% | +12.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.5400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +51.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -14.3% | +10.8% | +20.1% | +37.6% | 2025 | -14.3% | 2026 |
| Assessment Ratio | 100.0% | 47.2% | — | 100.0% | 2026 | 14.7% | 2022 |
| Effective Tax Rate (2025) | 1.7800% | 1.7800% | — | 1.7800% | 2025 | 1.7800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$15,103 | $12,527 | ~$19,256 | $15,103 | 2025 | $11,127 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$983,314 | ~$811,800 | ~2.0139% | ~$16,349 | +16.2% |
| 2027 | ~$1,142,539 | ~$892,980 | ~1.9814% | ~$17,693 | +35.0% |
| 2028 | ~$1,327,546 | ~$982,278 | ~1.9488% | ~$19,143 | +56.9% |
| 2029 | ~$1,542,512 | ~$1,080,506 | ~1.9163% | ~$20,706 | +82.3% |
| 2030 | ~$1,792,285 | ~$1,188,556 | ~1.8837% | ~$22,389 | +111.8% |
| 2026 | ~$966,389 | ~$811,800 | ~2.0465% | ~$16,613 | +14.2% |
| 2027 | ~$1,103,545 | ~$892,980 | ~2.0465% | ~$18,275 | +30.4% |
| 2028 | ~$1,260,167 | ~$982,278 | ~2.0465% | ~$20,102 | +48.9% |
| 2029 | ~$1,439,019 | ~$1,080,506 | ~2.0465% | ~$22,112 | +70.0% |
| 2030 | ~$1,643,254 | ~$1,188,556 | ~2.0465% | ~$24,324 | +94.2% |
| 2026 | ~$1,000,240 | ~$811,800 | ~1.9977% | ~$16,217 | +18.2% |
| 2027 | ~$1,182,210 | ~$892,980 | ~1.9488% | ~$17,403 | +39.7% |
| 2028 | ~$1,397,286 | ~$982,278 | ~1.9000% | ~$18,663 | +65.1% |
| 2029 | ~$1,651,489 | ~$1,080,506 | ~1.8512% | ~$20,002 | +95.1% |
| 2030 | ~$1,951,939 | ~$1,188,556 | ~1.8024% | ~$21,422 | +130.6% |
In 2025, this property's market value of $846,279 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -40% 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 | $846,279 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $615,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $628,957 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $541,820 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $464,300 | $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.