5900 SOUTHWEST PKWY 400 TX 78735
| Owner | GLS PROPERTIES LLC |
|---|---|
| Parcel ID | 0402280408 |
| Short ID | 531744 |
| Type | Real |
| Use Code | 26 Large Office Condo |
| Valuation | Income |
| Improvement SF | 2,668 SF |
| Land SF | 32,091 SF |
| Acres | 0.737 |
| Year Built | 2005 |
| Legal | UNT 400 5900 SOUTHWEST PARKWAY CONDOMINIUMS AMENDED PLUS 4.6814 % INT IN COM AREA |
| Neighborhood | 23SW04 |
| Land | $224,637 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $224,637 |
| Improvement | $1,008,363 |
|---|---|
| Total Improvement | $1,008,363 |
| Market | $1,233,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,233,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,233,000 |
| Taxable Value | $1,233,000 |
|---|
Appreciation: Market value has risen +37.8% from $895,000 (2021) to $1,233,000 (2025), a CAGR of 8.3% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $25,233. 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 18% of market value ($224,637 land vs $1,008,363 improvements), about $7/SF of land. Most value sits in the improvements, so building condition, age (~21 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,233,000, 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 +8.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,840,298 by 2030, with an estimated annual tax burden around $34,666. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,668 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% | $11,407.72 | $11,407.72 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,461.13 | $6,461.13 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,634.17 | $4,634.17 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,455.22 | $1,455.22 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,274.92 | $1,274.92 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $25,233.16 | $25,233.16 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,219,016 | $1,233,000 | -1.1% |
| Assessed Value | $1,219,016 | $1,233,000 | -1.1% |
| Land Value | $224,637 | $224,637 | +0.0% |
| Improvement Value | $994,379 | $1,008,363 | -1.4% |
| Taxable Value | $1,219,016 | $1,233,000 | -1.1% |
| Total Tax 2026 = estimate |
~$24,947
Estimated
|
~$25,233
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,219,016 | $1,219,016 | +0 (+0.0%) |
| Taxable Value | $1,219,016 | $1,219,016 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,219,016 | $224,637 | $994,379 | — | $1,219,016 | $1,219,016 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,233,000 | $224,637 | $1,008,363 | — | $1,233,000 | $1,233,000 | ~$25,233 | Partial |
| 2024 | $980,143 | — | — | −$755,506 | $224,637 | $— | $23,076 | Verified |
| 2023 | $1,035,000 | — | — | −$810,363 | $224,637 | $— | $17,733 | Verified |
| 2022 | $927,471 | — | — | −$702,834 | $224,637 | $— | $20,440 | Verified |
| 2021 | $895,000 | — | — | −$670,363 | $224,637 | $— | $20,188 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.1% | -1.1% | ~100% | Not available | Partial |
| 2025 | +5.9% | +5.9% | ~100% | Not available | Partial |
| 2024 | +16.8% | +16.8% | ~100% | 1.9800% | Verified |
| 2023 | -3.7% | -3.7% | ~100% | 1.7800% | Verified |
| 2022 | +11.6% | +11.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +32.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.1% | +6.9% | +8.6% | +25.8% | 2025 | -5.3% | 2024 |
| Assessment Ratio | 100.0% | 49.0% | — | 100.0% | 2025 | 21.7% | 2023 |
| 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 |
$25,233 | $21,334 | ~$30,670 | $25,233 | 2025 | $17,733 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,335,820 | ~$1,335,820 | ~2.0139% | ~$26,903 | +8.3% |
| 2027 | ~$1,447,215 | ~$1,447,215 | ~1.9814% | ~$28,675 | +17.4% |
| 2028 | ~$1,567,899 | ~$1,567,899 | ~1.9488% | ~$30,556 | +27.2% |
| 2029 | ~$1,698,647 | ~$1,698,647 | ~1.9163% | ~$32,551 | +37.8% |
| 2030 | ~$1,840,298 | ~$1,840,298 | ~1.8837% | ~$34,666 | +49.3% |
| 2026 | ~$1,311,160 | ~$1,311,160 | ~2.0465% | ~$26,833 | +6.3% |
| 2027 | ~$1,394,276 | ~$1,394,276 | ~2.0465% | ~$28,534 | +13.1% |
| 2028 | ~$1,482,659 | ~$1,482,659 | ~2.0465% | ~$30,342 | +20.2% |
| 2029 | ~$1,576,646 | ~$1,576,646 | ~2.0465% | ~$32,266 | +27.9% |
| 2030 | ~$1,676,590 | ~$1,676,590 | ~2.0465% | ~$34,311 | +36.0% |
| 2026 | ~$1,360,480 | ~$1,356,300 | ~1.9977% | ~$27,094 | +10.3% |
| 2027 | ~$1,501,141 | ~$1,491,930 | ~1.9488% | ~$29,075 | +21.7% |
| 2028 | ~$1,656,345 | ~$1,641,123 | ~1.9000% | ~$31,182 | +34.3% |
| 2029 | ~$1,827,595 | ~$1,805,235 | ~1.8512% | ~$33,418 | +48.2% |
| 2030 | ~$2,016,551 | ~$1,985,759 | ~1.8024% | ~$35,791 | +63.5% |
In 2025, this property's market value of $1,233,000 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -13% 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 | $1,233,000 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $980,143 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,035,000 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $927,471 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $895,000 | $517,750 | $1,142,600 | $2,780,453 | ↓ Below 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.