3001 S LAMAR BLVD TX 78704
| Owner | CORNERS SHOPPING CENTER LIMITE |
|---|---|
| Parcel ID | 0403100134 |
| Short ID | 305359 |
| Type | Real |
| Use Code | 42 Neighborhood Shopping Center |
| Valuation | Income |
| Improvement SF | 104,868 SF |
| Land SF | 389,835 SF |
| Acres | 8.949 |
| Year Built | 1985 |
| Legal | LOT 1 *LESS 7780 SQ FT JOHNSON JAY LYNN SUBD NO 2 |
| Neighborhood | 43CEN |
| Land | $33,681,744 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $33,681,744 |
| Improvement | $1,118,256 |
|---|---|
| Total Improvement | $1,118,256 |
| Market | $34,800,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $34,800,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $34,800,000 |
| Taxable Value | $34,800,000 |
|---|
Appreciation: Market value has risen +1.7% from $34,226,708 (2021) to $34,800,000 (2025), a CAGR of 0.4% over 4 years. Growth has been relatively flat for this asset class. 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 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 $712,177. 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 97% of market value ($33,681,744 land vs $1,118,256 improvements), about $86/SF of land. With value concentrated in the land under a ~41-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 $34,800,000, 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 +0.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $35,530,137 by 2030, with an estimated annual tax burden around $669,296. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 250,000 SF | ✗ |
| SO | Sketch Only | 162,860 SF | ✗ |
| 1ST | 1st Floor | 83,028 SF | ✓ |
| 2ND | 2nd Floor | 10,920 SF | ✓ |
| 3RD | 3rd Floor | 10,920 SF | ✓ |
| 501 | CANOPY | 8,636 SF | ✗ |
| 511 | DECK | 1,990 SF | ✗ |
| 273 | COLDSTG VAULT SM | 582 SF | ✓ |
| 482 | LIGHT POLES | 12 SF | ✓ |
| MISC | Miscellaneous | 4 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% | $321,969.60 | $321,969.60 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $182,357.92 | $182,357.92 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $130,794.06 | $130,794.06 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $41,072.00 | $41,072.00 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $35,983.20 | $35,983.20 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $712,176.78 | $712,176.78 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $34,800,000 | $34,800,000 | +0.0% |
| Assessed Value | $34,800,000 | $34,800,000 | +0.0% |
| Land Value | $33,681,744 | $33,681,744 | +0.0% |
| Improvement Value | $1,118,256 | $1,118,256 | +0.0% |
| Taxable Value | $34,800,000 | $34,800,000 | +0.0% |
| Total Tax 2026 = estimate |
~$712,177
Estimated
|
~$712,177
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $35,249,114 | $34,800,000 | -449,114 (-1.3%) |
| Taxable Value | $35,249,114 | $34,800,000 | -449,114 (-1.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $34,800,000 | $33,681,744 | $1,118,256 | — | $34,800,000 | $34,800,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $34,800,000 | $33,681,744 | $1,118,256 | — | $34,800,000 | $34,800,000 | ~$712,177 | Partial |
| 2024 | $29,000,000 | — | — | — | $30,160,000 ! | $— | $597,715 | Verified |
| 2023 | $25,200,000 | — | — | — | $30,571,436 ! | $— | $526,231 | Verified |
| 2022 | $30,265,941 | — | — | −$3,952,078 | $26,313,863 | $— | $502,681 | Verified |
| 2021 | $34,226,708 | — | — | −$7,912,845 | $26,313,863 | $— | $533,113 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.3% | +1.3% | ~100% | Not available | Partial |
| 2025 | -4.9% | -4.9% | ~100% | Not available | Partial |
| 2024 | -15.7% | -15.7% | ~100% | 1.6300% | Verified |
| 2023 | +43.5% | +43.5% | ~100% | 1.2100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.6600% | Verified |
| 2021 | base year | — | ~100% | 1.5600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +15.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +1.4% | +0.4% | +20.0% | 2025 | -16.7% | 2023 |
| Assessment Ratio | 100.0% | 98.2% | — | 121.3% | 2023 | 76.9% | 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 |
$712,177 | $574,383 | ~$686,615 | $712,177 | 2025 | $502,681 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$34,944,817 | ~$34,944,817 | ~2.0139% | ~$703,766 | +0.4% |
| 2027 | ~$35,090,237 | ~$35,090,237 | ~1.9814% | ~$695,274 | +0.8% |
| 2028 | ~$35,236,262 | ~$35,236,262 | ~1.9488% | ~$686,698 | +1.3% |
| 2029 | ~$35,382,895 | ~$35,382,895 | ~1.9163% | ~$678,039 | +1.7% |
| 2030 | ~$35,530,137 | ~$35,530,137 | ~1.8837% | ~$669,296 | +2.1% |
| 2026 | ~$34,248,817 | ~$34,248,817 | ~2.0465% | ~$700,897 | -1.6% |
| 2027 | ~$33,706,364 | ~$33,706,364 | ~2.0465% | ~$689,796 | -3.1% |
| 2028 | ~$33,172,503 | ~$33,172,503 | ~2.0465% | ~$678,870 | -4.7% |
| 2029 | ~$32,647,097 | ~$32,647,097 | ~2.0465% | ~$668,118 | -6.2% |
| 2030 | ~$32,130,014 | ~$32,130,014 | ~2.0465% | ~$657,536 | -7.7% |
| 2026 | ~$35,640,817 | ~$35,640,817 | ~1.9977% | ~$711,983 | +2.4% |
| 2027 | ~$36,501,950 | ~$36,501,950 | ~1.9488% | ~$711,364 | +4.9% |
| 2028 | ~$37,383,888 | ~$37,383,888 | ~1.9000% | ~$710,300 | +7.4% |
| 2029 | ~$38,287,136 | ~$38,287,136 | ~1.8512% | ~$708,769 | +10.0% |
| 2030 | ~$39,212,207 | ~$39,212,207 | ~1.8024% | ~$706,750 | +12.7% |
In 2025, this property's market value of $34,800,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 25× 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 | $34,800,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $29,000,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $25,200,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $30,265,941 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $34,226,708 | $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.