2525 S LAMAR BLVD 15 TX 78704
| Owner | EMIRP LLC |
|---|---|
| Parcel ID | 0401071616 |
| Short ID | 753569 |
| Type | Real |
| Use Code | 24 Commercial Space Condos |
| Valuation | Income |
| Improvement SF | 599 SF |
| Land SF | 1,124 SF |
| Acres | 0.026 |
| Year Built | 2007 |
| Legal | UNT 15 SPACES 2525 CONDOMINIUMS PLUS 1.2065 % INT IN COM AREA |
| Neighborhood | 24SC01 |
| Land | $112,400 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $112,400 |
| Improvement | $326,311 |
|---|---|
| Total Improvement | $326,311 |
| Market | $438,711 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $438,711 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $438,711 |
| Taxable Value | $438,711 |
|---|
Appreciation: Market value has risen +57.9% from $277,914 (2021) to $438,711 (2025), a CAGR of 12.1% 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 $8,978. 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 26% of market value ($112,400 land vs $326,311 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 $438,711, 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 +12.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $776,272 by 2030, with an estimated annual tax burden around $13,310. 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 | 599 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% | $4,058.95 | $4,058.95 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,298.92 | $2,298.92 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,648.87 | $1,648.87 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $517.78 | $517.78 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $453.63 | $453.63 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $8,978.15 | $8,978.15 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $388,159 | $438,711 | -11.5% |
| Assessed Value | $388,159 | $438,711 | -11.5% |
| Land Value | $112,400 | $112,400 | +0.0% |
| Improvement Value | $275,759 | $326,311 | -15.5% |
| Taxable Value | $388,159 | $438,711 | -11.5% |
| Total Tax 2026 = estimate |
~$7,944
Estimated
|
~$8,978
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $408,588 | $388,159 | -20,429 (-5.0%) |
| Taxable Value | $408,588 | $388,159 | -20,429 (-5.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $388,159 | $112,400 | $275,759 | — | $388,159 | $388,159 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $438,711 | $112,400 | $326,311 | — | $438,711 | $438,711 | ~$8,978 | Partial |
| 2024 | $543,035 | — | — | −$430,635 | $112,400 | $— | $12,914 | Verified |
| 2023 | $370,161 | — | — | −$257,761 | $112,400 | $— | $9,825 | Verified |
| 2022 | $316,690 | — | — | −$271,730 | $44,960 | $— | $7,310 | Verified |
| 2021 | $277,914 | — | — | −$232,954 | $44,960 | $— | $6,893 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -6.9% | -6.9% | ~100% | Not available | Partial |
| 2025 | -33.2% | -32.7% | ~100% | Not available | Partial |
| 2024 | +20.9% | +20.0% | 99.3% | 1.9700% | Verified |
| 2023 | +37.9% | +37.9% | ~100% | 1.8100% | Verified |
| 2022 | +24.3% | +24.3% | ~100% | 1.8600% | Verified |
| 2021 | base year | — | ~100% | 2.4800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +38.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -11.5% | +9.4% | +15.0% | +46.7% | 2024 | -19.2% | 2025 |
| Assessment Ratio | 100.0% | 46.9% | — | 100.0% | 2025 | 14.2% | 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 |
$8,978 | $9,184 | ~$11,447 | $12,914 | 2024 | $6,893 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$491,751 | ~$482,582 | ~2.0139% | ~$9,719 | +12.1% |
| 2027 | ~$551,204 | ~$530,840 | ~1.9814% | ~$10,518 | +25.6% |
| 2028 | ~$617,845 | ~$583,924 | ~1.9488% | ~$11,380 | +40.8% |
| 2029 | ~$692,543 | ~$642,317 | ~1.9163% | ~$12,309 | +57.9% |
| 2030 | ~$776,272 | ~$706,548 | ~1.8837% | ~$13,310 | +76.9% |
| 2026 | ~$482,977 | ~$482,582 | ~2.0465% | ~$9,876 | +10.1% |
| 2027 | ~$531,710 | ~$530,840 | ~2.0465% | ~$10,864 | +21.2% |
| 2028 | ~$585,359 | ~$583,924 | ~2.0465% | ~$11,950 | +33.4% |
| 2029 | ~$644,422 | ~$642,317 | ~2.0465% | ~$13,145 | +46.9% |
| 2030 | ~$709,445 | ~$706,548 | ~2.0465% | ~$14,459 | +61.7% |
| 2026 | ~$500,526 | ~$482,582 | ~1.9977% | ~$9,640 | +14.1% |
| 2027 | ~$571,050 | ~$530,840 | ~1.9488% | ~$10,345 | +30.2% |
| 2028 | ~$651,511 | ~$583,924 | ~1.9000% | ~$11,095 | +48.5% |
| 2029 | ~$743,309 | ~$642,317 | ~1.8512% | ~$11,891 | +69.4% |
| 2030 | ~$848,042 | ~$706,548 | ~1.8024% | ~$12,735 | +93.3% |
In 2025, this property's market value of $438,711 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -69% 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 | $438,711 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $543,035 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $370,161 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $316,690 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $277,914 | $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.