2418 S LAMAR BLVD TX 78704
| Owner | 2418 S LAMAR BLVD LTD |
|---|---|
| Parcel ID | 0401090913 |
| Short ID | 303413 |
| Type | Real |
| Use Code | 30 Strip Center (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 16,411 SF |
| Land SF | 69,696 SF |
| Acres | 1.600 |
| Year Built | 1983 |
| Legal | ABS 14 SUR 21 HILL H P ACR 1.6 |
| Neighborhood | 30CEN |
| Land | $8,293,824 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $8,293,824 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $7,600,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $7,600,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $7,600,000 |
| Taxable Value | $7,600,000 |
|---|
Appreciation: Market value has risen +21.4% from $6,257,937 (2021) to $7,600,000 (2025), a CAGR of 5.0% over 4 years. This represents moderate, steady growth. 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 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 $155,533. 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 109% of market value ($8,293,824 land vs $0 improvements), about $119/SF of land. With value concentrated in the land under a ~43-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 $7,600,000, this parcel sits in the top quartile (≥75th 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 +5.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $9,689,282 by 2030, with an estimated annual tax burden around $182,521. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 16,800 SF | ✗ |
| 1ST | 1st Floor | 16,411 SF | ✓ |
| 611 | TERRACE | 1,561 SF | ✗ |
| 501 | CANOPY | 1,405 SF | ✗ |
| 273 | COLDSTG VAULT SM | 897 SF | ✓ |
| 541 | FENCE COMM LF | 200 SF | ✗ |
| 511 | DECK | 105 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% | $70,315.20 | $70,315.20 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $39,825.29 | $39,825.29 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $28,564.22 | $28,564.22 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $8,969.75 | $8,969.75 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $7,858.40 | $7,858.40 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $155,532.86 | $155,532.86 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $8,477,556 | $7,600,000 | +11.5% |
| Assessed Value | $8,477,556 | $7,600,000 | +11.5% |
| Land Value | $8,293,824 | $8,293,824 | +0.0% |
| Improvement Value | $183,732 | — | — |
| Taxable Value | $8,477,556 | $7,600,000 | +11.5% |
| Total Tax 2026 = estimate |
~$173,492
Estimated
|
~$155,533
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $8,477,556 | $8,477,556 | +0 (+0.0%) |
| Taxable Value | $8,477,556 | $8,477,556 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $8,477,556 | $8,293,824 | $183,732 | — | $8,477,556 | $8,477,556 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $7,600,000 | $8,293,824 | — | — | $7,600,000 | $7,600,000 | ~$155,533 | Partial |
| 2024 | $7,180,000 | — | — | — | $7,350,878 ! | $— | $145,681 | Verified |
| 2023 | $5,668,469 | — | — | — | $7,180,000 ! | $— | $129,904 | Verified |
| 2022 | $6,100,000 | — | — | −$431,531 | $5,668,469 | $— | $111,948 | Verified |
| 2021 | $6,257,937 | — | — | −$460,292 | $5,797,645 | $— | $132,777 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +11.5% | +11.5% | ~100% | Not available | Partial |
| 2025 | +3.4% | +3.4% | ~100% | Not available | Partial |
| 2024 | +2.4% | +2.4% | ~100% | 1.9800% | Verified |
| 2023 | +26.7% | +26.7% | ~100% | 1.8100% | Verified |
| 2022 | -7.1% | -7.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +24.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +11.5% | +6.9% | +2.8% | +26.7% | 2024 | -7.1% | 2023 |
| Assessment Ratio | 100.0% | 102.4% | — | 126.7% | 2023 | 92.6% | 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 |
$155,533 | $135,169 | ~$171,473 | $155,533 | 2025 | $111,948 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$7,978,279 | ~$7,978,279 | ~2.0139% | ~$160,677 | +5.0% |
| 2027 | ~$8,375,385 | ~$8,375,385 | ~1.9814% | ~$165,949 | +10.2% |
| 2028 | ~$8,792,257 | ~$8,792,257 | ~1.9488% | ~$171,347 | +15.7% |
| 2029 | ~$9,229,879 | ~$9,229,879 | ~1.9163% | ~$176,871 | +21.4% |
| 2030 | ~$9,689,282 | ~$9,689,282 | ~1.8837% | ~$182,521 | +27.5% |
| 2026 | ~$7,826,279 | ~$7,826,279 | ~2.0465% | ~$160,164 | +3.0% |
| 2027 | ~$8,059,294 | ~$8,059,294 | ~2.0465% | ~$164,932 | +6.0% |
| 2028 | ~$8,299,247 | ~$8,299,247 | ~2.0465% | ~$169,843 | +9.2% |
| 2029 | ~$8,546,345 | ~$8,546,345 | ~2.0465% | ~$174,900 | +12.5% |
| 2030 | ~$8,800,800 | ~$8,800,800 | ~2.0465% | ~$180,107 | +15.8% |
| 2026 | ~$8,130,279 | ~$8,130,279 | ~1.9977% | ~$162,416 | +7.0% |
| 2027 | ~$8,697,556 | ~$8,697,556 | ~1.9488% | ~$169,501 | +14.4% |
| 2028 | ~$9,304,415 | ~$9,304,415 | ~1.9000% | ~$176,785 | +22.4% |
| 2029 | ~$9,953,617 | ~$9,953,617 | ~1.8512% | ~$184,261 | +31.0% |
| 2030 | ~$10,648,115 | ~$10,648,115 | ~1.8024% | ~$191,919 | +40.1% |
In 2025, this property's market value of $7,600,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 5× 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 | $7,600,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $7,180,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $5,668,469 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $6,100,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $6,257,937 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 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.