3318 S LAMAR BLVD TX 78704
| Owner | 3318 SOUTH LAMAR LP |
|---|---|
| Parcel ID | 0403100401 |
| Short ID | 305371 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 4,800 SF |
| Land SF | 15,066 SF |
| Acres | 0.346 |
| Year Built | 1957 |
| Legal | LOT 116 WEST PARK ADDN |
| Neighborhood | 83CEN |
| Land | $1,807,920 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,807,920 |
| Improvement | $487,719 |
|---|---|
| Total Improvement | $487,719 |
| Market | $2,295,639 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,295,639 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,295,639 |
| Taxable Value | $2,295,639 |
|---|
Appreciation: Market value has risen +75.8% from $1,305,514 (2021) to $2,295,639 (2025), a CAGR of 15.2% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $46,980. 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 79% of market value ($1,807,920 land vs $487,719 improvements), about $120/SF of land. With value concentrated in the land under a ~69-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 $2,295,639, this parcel sits in the upper-middle (50th–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 +15.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,648,429 by 2030, with an estimated annual tax burden around $69,645. 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 | 10,000 SF | ✗ |
| 1ST | 1st Floor | 4,800 SF | ✓ |
| SO | Sketch Only | 500 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% | $21,239.25 | $21,239.25 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $12,029.54 | $12,029.54 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $8,628.04 | $8,628.04 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,709.38 | $2,709.38 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,373.69 | $2,373.69 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $46,979.90 | $46,979.90 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,669,740 | $2,295,639 | +16.3% |
| Assessed Value | $2,669,740 | $2,295,639 | +16.3% |
| Land Value | $1,807,920 | $1,807,920 | +0.0% |
| Improvement Value | $861,820 | $487,719 | +76.7% |
| Taxable Value | $2,669,740 | $2,295,639 | +16.3% |
| Total Tax 2026 = estimate |
~$54,636
Estimated
|
~$46,980
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,933,780 | $2,669,740 | -264,040 (-9.0%) |
| Taxable Value | $2,754,767 | $2,669,740 | -85,027 (-3.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,669,740 | $1,807,920 | $861,820 | — | $2,669,740 | $2,669,740 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,295,639 | $1,807,920 | $487,719 | — | $2,295,639 | $2,295,639 | ~$46,980 | Partial |
| 2024 | $1,905,920 | — | — | −$98,000 | $1,807,920 | $— | $38,210 | Verified |
| 2023 | $1,344,277 | — | — | — | $1,807,920 ! | $— | $34,483 | Verified |
| 2022 | $1,307,555 | — | — | −$177,605 | $1,129,950 | $— | $26,548 | Verified |
| 2021 | $1,305,514 | — | — | −$175,564 | $1,129,950 | $— | $28,461 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +27.8% | +20.0% | 93.9% | Not available | Partial |
| 2025 | +19.1% | +19.1% | ~100% | Not available | Partial |
| 2024 | +1.2% | +1.2% | ~100% | 1.9800% | Verified |
| 2023 | +41.8% | +41.8% | ~100% | 1.8100% | Verified |
| 2022 | +2.8% | +2.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +75.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +16.3% | +16.3% | +11.9% | +41.8% | 2024 | +0.2% | 2022 |
| Assessment Ratio | 100.0% | 100.4% | — | 134.5% | 2023 | 86.4% | 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 |
$46,980 | $34,936 | ~$59,898 | $46,980 | 2025 | $26,548 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,643,529 | ~$2,525,203 | ~2.0139% | ~$50,856 | +15.2% |
| 2027 | ~$3,044,140 | ~$2,777,723 | ~1.9814% | ~$55,037 | +32.6% |
| 2028 | ~$3,505,461 | ~$3,055,496 | ~1.9488% | ~$59,547 | +52.7% |
| 2029 | ~$4,036,692 | ~$3,361,045 | ~1.9163% | ~$64,407 | +75.8% |
| 2030 | ~$4,648,429 | ~$3,697,150 | ~1.8837% | ~$69,645 | +102.5% |
| 2026 | ~$2,597,616 | ~$2,525,203 | ~2.0465% | ~$51,678 | +13.2% |
| 2027 | ~$2,939,317 | ~$2,777,723 | ~2.0465% | ~$56,846 | +28.0% |
| 2028 | ~$3,325,966 | ~$3,055,496 | ~2.0465% | ~$62,530 | +44.9% |
| 2029 | ~$3,763,477 | ~$3,361,045 | ~2.0465% | ~$68,783 | +63.9% |
| 2030 | ~$4,258,540 | ~$3,697,150 | ~2.0465% | ~$75,662 | +85.5% |
| 2026 | ~$2,689,442 | ~$2,525,203 | ~1.9977% | ~$50,445 | +17.2% |
| 2027 | ~$3,150,799 | ~$2,777,723 | ~1.9488% | ~$54,133 | +37.3% |
| 2028 | ~$3,691,300 | ~$3,055,496 | ~1.9000% | ~$58,055 | +60.8% |
| 2029 | ~$4,324,520 | ~$3,361,045 | ~1.8512% | ~$62,219 | +88.4% |
| 2030 | ~$5,066,365 | ~$3,697,150 | ~1.8024% | ~$66,636 | +120.7% |
In 2025, this property's market value of $2,295,639 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +62% above 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 | $2,295,639 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,905,920 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,344,277 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,307,555 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,305,514 | $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.