2525 S LAMAR BLVD 12 TX 78704
| Owner | LF SPACES LLC |
|---|---|
| Parcel ID | 0401071613 |
| Short ID | 753566 |
| Type | Real |
| Use Code | 24 Commercial Space Condos |
| Valuation | Income |
| Improvement SF | 1,075 SF |
| Land SF | 2,018 SF |
| Acres | 0.046 |
| Year Built | 2007 |
| Legal | UNT 12 SPACES 2525 CONDOMINIUMS PLUS 2.1653 % INT IN COM AREA |
| Neighborhood | 24SC01 |
| Land | $201,800 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $201,800 |
| Improvement | $498,200 |
|---|---|
| Total Improvement | $498,200 |
| Market | $700,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $700,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $700,000 |
| Taxable Value | $700,000 |
|---|
Appreciation: Market value has risen +45.4% from $481,373 (2021) to $700,000 (2025), a CAGR of 9.8% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), 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 $14,325. 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 29% of market value ($201,800 land vs $498,200 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 $700,000, 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 +9.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,117,811 by 2030, with an estimated annual tax burden around $21,057. 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 | 1,075 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% | $6,476.40 | $6,476.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,668.12 | $3,668.12 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,630.92 | $2,630.92 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $826.16 | $826.16 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $723.80 | $723.80 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $14,325.40 | $14,325.40 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $588,600 | $700,000 | -15.9% |
| Assessed Value | $588,600 | $700,000 | -15.9% |
| Land Value | $201,800 | $201,800 | +0.0% |
| Improvement Value | $386,800 | $498,200 | -22.4% |
| Taxable Value | $588,600 | $700,000 | -15.9% |
| Total Tax 2026 = estimate |
~$12,046
Estimated
|
~$14,325
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $588,600 | $588,600 | +0 (+0.0%) |
| Taxable Value | $588,600 | $588,600 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $588,600 | $201,800 | $386,800 | — | $588,600 | $588,600 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $700,000 | $201,800 | $498,200 | — | $700,000 | $700,000 | ~$14,325 | Partial |
| 2024 | $693,000 | — | — | −$491,200 | $201,800 | $— | $14,006 | Verified |
| 2023 | $621,938 | — | — | −$420,138 | $201,800 | $— | $12,538 | Verified |
| 2022 | $448,000 | — | — | −$367,280 | $80,720 | $— | $12,283 | Verified |
| 2021 | $481,373 | — | — | −$400,653 | $80,720 | $— | $9,752 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -15.9% | -15.9% | ~100% | Not available | Partial |
| 2025 | -16.7% | -15.8% | ~100% | Not available | Partial |
| 2024 | +21.3% | +20.0% | 98.9% | 1.6700% | Verified |
| 2023 | +11.4% | +11.4% | ~100% | 1.8100% | Verified |
| 2022 | +38.8% | +38.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.0300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +56.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -15.9% | +5.7% | +14.0% | +38.8% | 2023 | -15.9% | 2026 |
| Assessment Ratio | 100.0% | 49.4% | — | 100.0% | 2025 | 16.8% | 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 |
$14,325 | $12,581 | ~$18,167 | $14,325 | 2025 | $9,752 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$768,692 | ~$768,692 | ~2.0139% | ~$15,481 | +9.8% |
| 2027 | ~$844,124 | ~$844,124 | ~1.9814% | ~$16,725 | +20.6% |
| 2028 | ~$926,958 | ~$926,958 | ~1.9488% | ~$18,065 | +32.4% |
| 2029 | ~$1,017,922 | ~$1,017,922 | ~1.9163% | ~$19,506 | +45.4% |
| 2030 | ~$1,117,811 | ~$1,117,811 | ~1.8837% | ~$21,057 | +59.7% |
| 2026 | ~$754,692 | ~$754,692 | ~2.0465% | ~$15,445 | +7.8% |
| 2027 | ~$813,656 | ~$813,656 | ~2.0465% | ~$16,651 | +16.2% |
| 2028 | ~$877,228 | ~$877,228 | ~2.0465% | ~$17,952 | +25.3% |
| 2029 | ~$945,766 | ~$945,766 | ~2.0465% | ~$19,355 | +35.1% |
| 2030 | ~$1,019,660 | ~$1,019,660 | ~2.0465% | ~$20,867 | +45.7% |
| 2026 | ~$782,692 | ~$770,000 | ~1.9977% | ~$15,382 | +11.8% |
| 2027 | ~$875,152 | ~$847,000 | ~1.9488% | ~$16,507 | +25.0% |
| 2028 | ~$978,534 | ~$931,700 | ~1.9000% | ~$17,702 | +39.8% |
| 2029 | ~$1,094,129 | ~$1,024,870 | ~1.8512% | ~$18,972 | +56.3% |
| 2030 | ~$1,223,379 | ~$1,127,357 | ~1.8024% | ~$20,319 | +74.8% |
In 2025, this property's market value of $700,000 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -51% 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 | $700,000 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $693,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $621,938 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $448,000 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $481,373 | $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.