2506 S LAMAR BLVD TX 78704
| Owner | SPROUT REALTY HQ LLC |
|---|---|
| Parcel ID | 0401090807 |
| Short ID | 303397 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 2,096 SF |
| Land SF | 7,828 SF |
| Acres | 0.180 |
| Year Built | 1955 |
| Legal | LOT 10 BLK 15 RABB INWOOD HILLS |
| Neighborhood | 59SCN |
| Land | $1,017,640 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,017,640 |
| Improvement | $304,186 |
|---|---|
| Total Improvement | $304,186 |
| Market | $1,321,826 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,321,826 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,321,826 |
| Taxable Value | $1,321,826 |
|---|
Appreciation: Market value has risen +12.5% from $1,175,101 (2021) to $1,321,826 (2025), a CAGR of 3.0% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2025→2026), 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 $27,051. 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 77% of market value ($1,017,640 land vs $304,186 improvements), about $130/SF of land. With value concentrated in the land under a ~71-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 $1,321,826, 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 +3.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,531,257 by 2030, with an estimated annual tax burden around $28,845. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 3,000 SF | ✗ |
| 1ST | 1st Floor | 2,096 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,096 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% | $12,229.53 | $12,229.53 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,926.59 | $6,926.59 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,968.02 | $4,968.02 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,560.06 | $1,560.06 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,366.77 | $1,366.77 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $27,050.97 | $27,050.97 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,757,517 | $1,321,826 | +33.0% |
| Assessed Value | $1,586,191 | $1,321,826 | +20.0% |
| Land Value | $1,017,640 | $1,017,640 | +0.0% |
| Improvement Value | $739,877 | $304,186 | +143.2% |
| Taxable Value | $1,586,191 | $1,321,826 | +20.0% |
| HS Cap Loss | -$171,326 | — | |
| Total Tax 2026 = estimate |
~$32,461
Estimated
|
~$27,051
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,931,337 | $1,757,517 | -173,820 (-9.0%) |
| Taxable Value | $1,586,191 | $1,586,191 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,757,517 | $1,017,640 | $739,877 | −$171,326 | $1,586,191 | $1,586,191 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,321,826 | $1,017,640 | $304,186 | — | $1,321,826 | $1,321,826 | ~$27,051 | Partial |
| 2024 | $1,436,767 | — | — | −$419,127 | $1,017,640 | $— | $31,298 | Verified |
| 2023 | $1,149,922 | — | — | −$132,282 | $1,017,640 | $— | $25,995 | Verified |
| 2022 | $1,207,561 | — | — | −$346,481 | $861,080 | $— | $22,710 | Verified |
| 2021 | $1,175,101 | — | — | −$314,021 | $861,080 | $— | $26,285 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +46.1% | +20.0% | 82.1% | Not available | Partial |
| 2025 | -16.3% | -16.3% | ~100% | Not available | Partial |
| 2024 | +9.9% | +9.9% | ~100% | 1.9800% | Verified |
| 2023 | +24.9% | +24.9% | ~100% | 1.8100% | Verified |
| 2022 | -4.8% | -4.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +9.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +33.0% | +9.6% | -2.1% | +33.0% | 2026 | -8.0% | 2025 |
| Assessment Ratio | 90.3% | 82.4% | — | 100.0% | 2025 | 70.8% | 2024 |
| 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 |
$27,051 | $26,668 | ~$28,134 | $31,298 | 2024 | $22,710 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,361,285 | ~$1,361,285 | ~2.0139% | ~$27,415 | +3.0% |
| 2027 | ~$1,401,922 | ~$1,401,922 | ~1.9814% | ~$27,778 | +6.1% |
| 2028 | ~$1,443,772 | ~$1,443,772 | ~1.9488% | ~$28,137 | +9.2% |
| 2029 | ~$1,486,871 | ~$1,486,871 | ~1.9163% | ~$28,493 | +12.5% |
| 2030 | ~$1,531,257 | ~$1,531,257 | ~1.8837% | ~$28,845 | +15.8% |
| 2026 | ~$1,334,848 | ~$1,334,848 | ~2.0465% | ~$27,317 | +1.0% |
| 2027 | ~$1,347,999 | ~$1,347,999 | ~2.0465% | ~$27,587 | +2.0% |
| 2028 | ~$1,361,280 | ~$1,361,280 | ~2.0465% | ~$27,858 | +3.0% |
| 2029 | ~$1,374,691 | ~$1,374,691 | ~2.0465% | ~$28,133 | +4.0% |
| 2030 | ~$1,388,234 | ~$1,388,234 | ~2.0465% | ~$28,410 | +5.0% |
| 2026 | ~$1,387,722 | ~$1,387,722 | ~1.9977% | ~$27,722 | +5.0% |
| 2027 | ~$1,456,902 | ~$1,456,902 | ~1.9488% | ~$28,393 | +10.2% |
| 2028 | ~$1,529,531 | ~$1,529,531 | ~1.9000% | ~$29,061 | +15.7% |
| 2029 | ~$1,605,781 | ~$1,605,781 | ~1.8512% | ~$29,726 | +21.5% |
| 2030 | ~$1,685,833 | ~$1,685,833 | ~1.8024% | ~$30,385 | +27.5% |
In 2025, this property's market value of $1,321,826 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -7% 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 | $1,321,826 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,436,767 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,149,922 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,207,561 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $1,175,101 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above median | 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.