5900 SOUTHWEST PKWY 221 TX 78735
| Owner | TORO ENERGY HOLDINGS II LP |
|---|---|
| Parcel ID | 0402280416 |
| Short ID | 715155 |
| Type | Real |
| Use Code | 26 Large Office Condo |
| Valuation | Income |
| Improvement SF | 2,730 SF |
| Land SF | 31,779 SF |
| Acres | 0.730 |
| Year Built | 2005 |
| Legal | UNT 221 5900 SOUTHWEST PARKWAY CONDOMINIUMS AMENDED PLUS 4.636 % INT IN COM AREA |
| Neighborhood | 23SW04 |
| Land | $222,453 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $222,453 |
| Improvement | $925,844 |
|---|---|
| Total Improvement | $925,844 |
| Market | $1,148,297 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,148,297 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,148,297 |
| Taxable Value | $1,148,297 |
|---|
Appreciation: Market value has risen +25.6% from $913,900 (2021) to $1,148,297 (2025), a CAGR of 5.9% over 4 years. This represents moderate, steady growth. 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 +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 $23,500. 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 19% of market value ($222,453 land vs $925,844 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 $1,148,297, 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 +5.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,527,561 by 2030, with an estimated annual tax burden around $28,775. 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 | 2,730 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% | $10,624.04 | $10,624.04 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,017.27 | $6,017.27 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,315.82 | $4,315.82 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,355.25 | $1,355.25 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,187.34 | $1,187.34 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $23,499.72 | $23,499.72 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,148,297 | $1,148,297 | +0.0% |
| Assessed Value | $1,148,297 | $1,148,297 | +0.0% |
| Land Value | $222,453 | $222,453 | +0.0% |
| Improvement Value | $925,844 | $925,844 | +0.0% |
| Taxable Value | $1,148,297 | $1,148,297 | +0.0% |
| Total Tax 2026 = estimate |
~$23,500
Estimated
|
~$23,500
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,241,528 | $1,148,297 | -93,231 (-7.5%) |
| Taxable Value | $1,241,528 | $1,148,297 | -93,231 (-7.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,148,297 | $222,453 | $925,844 | — | $1,148,297 | $1,148,297 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,148,297 | $222,453 | $925,844 | — | $1,148,297 | $1,148,297 | ~$23,500 | Partial |
| 2024 | $965,100 | — | — | −$742,647 | $222,453 | $— | $22,952 | Verified |
| 2023 | $1,086,286 | — | — | −$863,833 | $222,453 | $— | $17,461 | Verified |
| 2022 | $1,105,158 | — | — | −$882,705 | $222,453 | $— | $21,453 | Verified |
| 2021 | $913,900 | — | — | −$691,447 | $222,453 | $— | $24,056 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +8.1% | +8.1% | ~100% | Not available | Partial |
| 2025 | -1.0% | -0.8% | ~100% | Not available | Partial |
| 2024 | +20.1% | +20.0% | ~100% | 1.9800% | Verified |
| 2023 | -11.2% | -11.2% | ~100% | 1.8100% | Verified |
| 2022 | -1.7% | -1.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.6300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +3.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +5.4% | +5.9% | +20.9% | 2022 | -11.2% | 2024 |
| Assessment Ratio | 100.0% | 48.0% | — | 100.0% | 2025 | 20.1% | 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 |
$23,500 | $21,884 | ~$26,594 | $24,056 | 2021 | $17,461 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,215,747 | ~$1,215,747 | ~2.0139% | ~$24,484 | +5.9% |
| 2027 | ~$1,287,158 | ~$1,287,158 | ~1.9814% | ~$25,504 | +12.1% |
| 2028 | ~$1,362,765 | ~$1,362,765 | ~1.9488% | ~$26,558 | +18.7% |
| 2029 | ~$1,442,812 | ~$1,442,812 | ~1.9163% | ~$27,648 | +25.6% |
| 2030 | ~$1,527,561 | ~$1,527,561 | ~1.8837% | ~$28,775 | +33.0% |
| 2026 | ~$1,192,781 | ~$1,192,781 | ~2.0465% | ~$24,410 | +3.9% |
| 2027 | ~$1,238,988 | ~$1,238,988 | ~2.0465% | ~$25,356 | +7.9% |
| 2028 | ~$1,286,985 | ~$1,286,985 | ~2.0465% | ~$26,338 | +12.1% |
| 2029 | ~$1,336,841 | ~$1,336,841 | ~2.0465% | ~$27,358 | +16.4% |
| 2030 | ~$1,388,629 | ~$1,388,629 | ~2.0465% | ~$28,418 | +20.9% |
| 2026 | ~$1,238,713 | ~$1,238,713 | ~1.9977% | ~$24,745 | +7.9% |
| 2027 | ~$1,336,248 | ~$1,336,248 | ~1.9488% | ~$26,041 | +16.4% |
| 2028 | ~$1,441,462 | ~$1,441,462 | ~1.9000% | ~$27,388 | +25.5% |
| 2029 | ~$1,554,962 | ~$1,554,962 | ~1.8512% | ~$28,785 | +35.4% |
| 2030 | ~$1,677,398 | ~$1,677,398 | ~1.8024% | ~$30,233 | +46.1% |
In 2025, this property's market value of $1,148,297 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -19% 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 | $1,148,297 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $965,100 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,086,286 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,105,158 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $913,900 | $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.