401 S 1 ST TX
| Owner | SRPF A QR RIVERSOUTH LLC |
|---|---|
| Parcel ID | 0203000503 |
| Short ID | 190739 |
| Type | Real |
| Use Code | 50 Office Hi-Rise (≥6 Stories) |
| Valuation | Income |
| Improvement SF | 123,277 SF |
| Land SF | 58,849 SF |
| Acres | 1.351 |
| Year Built | 2020 |
| Legal | ABS 8 SUR 20 DECKER I ACR 1.351 SWISHER ADDN |
| Neighborhood | 50SCN |
| Land | $13,535,270 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $13,535,270 |
| Improvement | $158,392,121 |
|---|---|
| Total Improvement | $158,392,121 |
| Market | $171,927,391 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $171,927,391 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $171,927,391 |
| Taxable Value | $171,927,391 |
|---|
Appreciation: Market value has risen +1287.7% from $12,389,411 (2021) to $171,927,391 (2025), a CAGR of 93.0% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2022), 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 +17.8%, 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 $3,518,468. Austin ISD is the largest single contributor, at 43.3% 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 8% of market value ($13,535,270 land vs $158,392,121 improvements), about $230/SF of land. Most value sits in the improvements, so building condition, age (~6 yrs), and rent roll drive the underwriting.
Submarket Position: At $171,927,391, this parcel sits in the top quartile (≥75th percentile) of Commercial property in Travis County — county median $1,382,921 (P25 $632,506 / P75 $3,258,143, n=13,595). 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 +70.3% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $2,548,342,945 by 2031, with an estimated annual tax burden around $5,390,626. 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 |
|---|---|---|---|
| 187 | PARKING GARAGE | 157,180 SF | ✓ |
| ADDL | Additional Floor | 142,723 SF | ✓ |
| 2ND | 2nd Floor | 53,000 SF | ✓ |
| 3RD | 3rd Floor | 53,000 SF | ✓ |
| 4TH | 4th Floor | 53,000 SF | ✓ |
| 5TH | 5th Floor | 53,000 SF | ✓ |
| 1ST | 1st Floor | 17,277 SF | ✓ |
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.
| 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% | $1,590,672.22 | $1,590,672.22 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $900,928.76 | $900,928.76 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $646,180.50 | $646,180.50 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $202,913.86 | $202,913.86 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $177,772.92 | $177,772.92 | Paid |
| P2U | — | — | — | — | — | — | $158,570.34 | $158,570.34 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $3,677,038.60 | $3,677,038.60 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $1,590,672.22 | 43.3% |
| CAT City of Austin | 0.5240% | $900,928.76 | 24.5% |
| TCO Travis County | 0.3758% | $646,180.50 | 17.6% |
| THD Travis Central Health | 0.1180% | $202,913.86 | 5.5% |
| ACT Austin Community College | 0.1034% | $177,772.92 | 4.8% |
| P2U | — | $158,570.34 | 4.3% |
| Total | 2.0465% 5 of 6 | $3,677,038.60 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $177,686,432 | $171,927,391 | +3.3% |
| Assessed Value | $177,686,432 | $171,927,391 | +3.3% |
| Land Value | $13,535,270 | $13,535,270 | +0.0% |
| Improvement Value | $164,151,162 | $158,392,121 | +3.6% |
| Taxable Value | $177,686,432 | $171,927,391 | +3.3% |
| Total Tax 2026 = estimate |
~$3,636,326
Estimated
|
~$3,677,039
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $177,686,432 | $13,535,270 | $164,151,162 | — | $177,686,432 | $177,686,432 | Not yet — post-cert | Preliminary |
| 2025 | $171,927,391 | $13,535,270 | $158,392,121 | — | $171,927,391 | $171,927,391 | ~$3,677,039 | Partial |
| 2024 | $165,591,334 | $13,535,270 | $152,056,064 | — | $165,591,334 | $165,591,334 | $3,250,183 | Verified |
| 2023 | $194,547,270 | $13,535,270 | $181,012,000 | — | $194,547,270 | $194,547,270 | $3,699,334 | Verified |
| 2022 | $218,188,260 | $8,827,350 | $209,360,910 | — | $218,188,260 | $218,188,260 | $4,167,298 | Verified |
| 2021 | $12,389,411 | $8,827,350 | $3,562,061 | — | $12,389,411 | $12,389,411 | $281,567 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.3% | +3.3% | ~100% | Not available | Partial |
| 2025 | +3.8% | +3.8% | ~100% | Not available | Partial |
| 2024 | -14.9% | -14.9% | ~100% | No billing data | Verified |
| 2023 | -10.8% | -10.8% | ~100% | No billing data | Verified |
| 2022 | +1661.1% ! | +1661.1% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1287.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +3.3% | +328.5% | +70.3% | +1661.1% | 2022 | -14.9% | 2024 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.1400% | 2.1400% | — | 2.1400% | 2025 | 2.1400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$3,677,039 | $3,015,084 | ~$4,636,245 | $4,167,298 | 2022 | $281,567 | 2021 |
Market value changed by 1661% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$302,673,911 | ~$195,455,075 | ~2.0139% | ~$3,936,341 | +70.3% |
| 2028 | ~$515,579,581 | ~$215,000,583 | ~1.9814% | ~$4,259,996 | +190.2% |
| 2029 | ~$878,246,506 | ~$236,500,641 | ~1.9488% | ~$4,609,018 | +394.3% |
| 2030 | ~$1,496,019,147 | ~$260,150,705 | ~1.9163% | ~$4,985,245 | +741.9% |
| 2031 | ~$2,548,342,945 | ~$286,165,776 | ~1.8837% | ~$5,390,626 | +1334.2% |
| 2027 | ~$299,120,182 | ~$195,455,075 | ~2.0465% | ~$3,999,959 | +68.3% |
| 2028 | ~$503,543,699 | ~$215,000,583 | ~2.0465% | ~$4,399,955 | +183.4% |
| 2029 | ~$847,673,518 | ~$236,500,641 | ~2.0465% | ~$4,839,950 | +377.1% |
| 2030 | ~$1,426,987,160 | ~$260,150,705 | ~2.0465% | ~$5,323,945 | +703.1% |
| 2031 | ~$2,402,213,012 | ~$286,165,776 | ~2.0465% | ~$5,856,340 | +1251.9% |
| 2027 | ~$306,227,639 | ~$195,455,075 | ~1.9977% | ~$3,904,532 | +72.3% |
| 2028 | ~$527,757,612 | ~$215,000,583 | ~1.9488% | ~$4,190,016 | +197.0% |
| 2029 | ~$909,545,911 | ~$236,500,641 | ~1.9000% | ~$4,493,552 | +411.9% |
| 2030 | ~$1,567,525,972 | ~$260,150,705 | ~1.8512% | ~$4,815,894 | +782.2% |
| 2031 | ~$2,701,499,335 | ~$286,165,776 | ~1.8024% | ~$5,157,770 | +1420.4% |
In 2025, this property's market value of $171,927,391 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — 124× the county median of $1,382,921. 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 | $171,927,391 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $165,591,334 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $194,547,270 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| 2022 | $218,188,260 | $535,964 | $1,190,250 | $2,842,216 | ↑ Top 25% | +3.3% |
| 2021 | $12,389,411 | $538,645 | $1,173,514 | $2,782,974 | ↑ Top 25% | base yr |
| Source | What it provides | Coverage for this parcel | Confidence |
|---|---|---|---|
| TCAD Certified Appraisal Roll ↗ | Market, assessed, and taxable value; land/improvement split; exemptions | 2025 | Certified |
| Texas Comptroller Annual Jurisdiction Roll (AJR) | Prior-year market and taxable value | 2021–2024 | Verified |
| TCAD Preliminary Export ↗ | First-look 2026 appraisal value, subject to change at certification | 2026 (exported June 9, 2026; certifies July 25, 2026) | Preliminary |
| Travis County Rates History ↗ | Adopted tax rate for each of this parcel's taxing entities | 1990–2025 | Verified |
| TaxCurOpenData | Current-year (2025) tax billing, by taxing entity | 2025 | Partial |
| PIR bulk billing export | Prior-year tax billing, Travis County Tax Office | 2021, 2022, 2023, 2024 | Verified |
| Satellite imagery (Esri World Imagery) | Aerial view of the parcel | Located by geocoding this parcel's address — may not resolve for every address | — |