7171 SOUTHWEST PKWY TX 78735
| Owner | SUMMIT LANTANA OWNER LP |
|---|---|
| Parcel ID | 0402360401 |
| Short ID | 726208 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 652,528 SF |
| Land SF | 2,560,762 SF |
| Acres | 58.787 |
| Year Built | 2006 |
| Legal | LOT 1 BLK U LANTANA LOT 1 BLOCK U |
| Neighborhood | 51SWE |
| Land | $20,486,094 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $20,486,094 |
| Improvement | $176,901,589 |
|---|---|
| Total Improvement | $176,901,589 |
| Market | $197,387,683 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $197,387,683 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $197,387,683 |
| Taxable Value | $197,387,683 |
|---|
Appreciation: Market value has fallen -30.7% from $284,665,000 (2021) to $197,387,683 (2025), a CAGR of -8.7% 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 $4,039,509. 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 10% of market value ($20,486,094 land vs $176,901,589 improvements), about $8/SF of land. Most value sits in the improvements, so building condition, age (~20 yrs), and rent roll drive the underwriting.
Submarket Position: At $197,387,683, 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 -8.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $124,897,147 by 2030, with an estimated annual tax burden around $2,352,741. 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.
19 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 922,224 SF | ✓ |
| 491 | SPRINKLER HEADS | 881,496 SF | ✗ |
| 2ND | 2nd Floor | 233,059 SF | ✓ |
| 1ST | 1st Floor | 226,724 SF | ✓ |
| 3RD | 3rd Floor | 192,746 SF | ✓ |
| 4TH | 4th Floor | 192,746 SF | ✓ |
| 438 | STREETS PRIVATE | 120,360 SF | ✗ |
| LOBBY | Lobby | 36,224 SF | ✓ |
| 611 | TERRACE | 29,702 SF | ✗ |
| 501 | CANOPY | 28,832 SF | ✗ |
| 450 | SPORT COURT | 8,620 SF | ✗ |
| 881 | COMMCL FINISHOUT | 8,442 SF | ✓ |
| 328 | MEZZ COMM (STG) | 7,268 SF | ✓ |
| 407 | LOADING DOCK | 4,512 SF | ✓ |
| 511 | DECK | 1,512 SF | ✗ |
| 541 | FENCE COMM LF | 376 SF | ✗ |
| 482 | LIGHT POLES | 34 SF | ✓ |
| 276 | ELEVATOR COM PAS | 9 SF | ✓ |
| 413 | STAIRWAY EXT | 1 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% | $1,785,636.00 | $1,785,636.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,011,352.81 | $1,011,352.81 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $725,380.85 | $725,380.85 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $227,784.39 | $227,784.39 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $199,562.00 | $199,562.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $3,949,716.05 | $3,949,716.05 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $204,783,524 | $197,387,683 | +3.7% |
| Assessed Value | $204,783,524 | $197,387,683 | +3.7% |
| Land Value | $20,486,094 | $20,486,094 | +0.0% |
| Improvement Value | $184,297,430 | $176,901,589 | +4.2% |
| Taxable Value | $204,783,524 | $197,387,683 | +3.7% |
| Total Tax 2026 = estimate |
~$4,190,864
Estimated
|
~$3,949,716
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $212,863,682 | $204,783,524 | -8,080,158 (-3.8%) |
| Taxable Value | $212,863,682 | $204,783,524 | -8,080,158 (-3.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $204,783,524 | $20,486,094 | $184,297,430 | — | $204,783,524 | $204,783,524 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $197,387,683 | $20,486,094 | $176,901,589 | — | $197,387,683 | $197,387,683 | ~$3,949,716 | Partial |
| 2024 | $253,000,000 | — | — | −$232,513,906 | $20,486,094 | $— | $4,251,856 | Verified |
| 2023 | $280,310,520 | — | — | −$259,824,426 | $20,486,094 | $— | $4,596,189 | Verified |
| 2022 | $275,000,000 | — | — | −$254,513,906 | $20,486,094 | $— | $5,535,917 | Verified |
| 2021 | $284,665,000 | — | — | −$264,178,906 | $20,486,094 | $— | $5,997,873 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +7.8% | +7.8% | ~100% | Not available | Partial |
| 2025 | -12.1% | -12.1% | ~100% | Not available | Partial |
| 2024 | -17.4% | -17.4% | ~100% | 1.8900% | Verified |
| 2023 | -2.9% | -2.9% | ~100% | 1.6900% | Verified |
| 2022 | -2.1% | -2.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -31.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +3.7% | -5.9% | -9.4% | +3.7% | 2026 | -22.0% | 2025 |
| Assessment Ratio | 100.0% | 38.3% | — | 100.0% | 2025 | 7.2% | 2021 |
| Effective Tax Rate (2025) | 2.0000% | 2.0000% | — | 2.0000% | 2025 | 2.0000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$3,949,716 | $4,866,310 | ~$2,956,576 | $5,997,873 | 2021 | $3,949,716 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$180,121,910 | ~$180,121,910 | ~2.0139% | ~$3,627,541 | -8.7% |
| 2027 | ~$164,366,398 | ~$164,366,398 | ~1.9814% | ~$3,256,736 | -16.7% |
| 2028 | ~$149,989,042 | ~$149,989,042 | ~1.9488% | ~$2,923,046 | -24.0% |
| 2029 | ~$136,869,293 | ~$136,869,293 | ~1.9163% | ~$2,622,814 | -30.7% |
| 2030 | ~$124,897,147 | ~$124,897,147 | ~1.8837% | ~$2,352,741 | -36.7% |
| 2026 | ~$187,518,299 | ~$187,518,299 | ~2.0465% | ~$3,837,534 | -5.0% |
| 2027 | ~$178,142,384 | ~$178,142,384 | ~2.0465% | ~$3,645,657 | -9.7% |
| 2028 | ~$169,235,265 | ~$169,235,265 | ~2.0465% | ~$3,463,374 | -14.3% |
| 2029 | ~$160,773,501 | ~$160,773,501 | ~2.0465% | ~$3,290,206 | -18.5% |
| 2030 | ~$152,734,826 | ~$152,734,826 | ~2.0465% | ~$3,125,695 | -22.6% |
| 2026 | ~$184,069,664 | ~$184,069,664 | ~1.9977% | ~$3,677,090 | -6.7% |
| 2027 | ~$171,650,229 | ~$171,650,229 | ~1.9488% | ~$3,345,187 | -13.0% |
| 2028 | ~$160,068,751 | ~$160,068,751 | ~1.9000% | ~$3,041,333 | -18.9% |
| 2029 | ~$149,268,692 | ~$149,268,692 | ~1.8512% | ~$2,763,253 | -24.4% |
| 2030 | ~$139,197,327 | ~$139,197,327 | ~1.8024% | ~$2,508,853 | -29.5% |
In 2025, this property's market value of $197,387,683 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 139× 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 | $197,387,683 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $253,000,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $280,310,520 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $275,000,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $284,665,000 | $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.