5301 SOUTHWEST PKWY TX 78735
| Owner | DRAWBRIDGE 5301 SOUTHWEST PARKWAY LLC |
|---|---|
| Parcel ID | 0404250901 |
| Short ID | 728584 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 126,989 SF |
| Land SF | 1,994,743 SF |
| Acres | 45.793 |
| Year Built | 2007 |
| Legal | LOT 1-2,4 BLK A MURPHEY SUBD |
| Neighborhood | 51SWE |
| Land | $13,963,202 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $13,963,202 |
| Improvement | $23,199,052 |
|---|---|
| Total Improvement | $23,199,052 |
| Market | $37,162,254 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $37,162,254 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $37,162,254 |
| Exemptions (−) | −$274,162 |
|---|---|
| Taxable Value | $36,888,092 |
Appreciation: Market value has fallen -31.9% from $54,546,000 (2021) to $37,162,254 (2025), a CAGR of -9.1% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2023→2024), 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 $754,909. 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 38% of market value ($13,963,202 land vs $23,199,052 improvements), about $7/SF of land. Most value sits in the improvements, so building condition, age (~19 yrs), and rent roll drive the underwriting.
Submarket Position: At $37,162,254, 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 -9.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $23,002,549 by 2030, with an estimated annual tax burden around $433,309. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 3RD | 3rd Floor | 43,368 SF | ✓ |
| 4TH | 4th Floor | 43,368 SF | ✓ |
| 2ND | 2nd Floor | 42,318 SF | ✓ |
| 1ST | 1st Floor | 41,303 SF | ✓ |
| 187 | PARKING GARAGE | 31,808 SF | ✓ |
| 551 | PAVED AREA | 30,000 SF | ✗ |
| 501 | CANOPY | 2,065 SF | ✗ |
| 482 | LIGHT POLES | 6 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% | $341,288.63 | $341,288.63 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $193,299.87 | $193,299.87 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $138,642.05 | $138,642.05 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $43,536.43 | $43,536.43 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $38,142.29 | $38,142.29 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $754,909.27 | $754,909.27 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $37,162,254 | $37,162,254 | +0.0% |
| Assessed Value | $37,162,254 | $37,162,254 | +0.0% |
| Land Value | $13,963,202 | $13,963,202 | +0.0% |
| Improvement Value | $23,199,052 | $23,199,052 | +0.0% |
| Taxable Value | $36,888,092 | $36,888,092 | +0.0% |
| Exemptions | — | @ | |
| Total Tax 2026 = estimate |
~$754,909
Estimated
|
~$754,909
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $39,712,954 | $37,162,254 | -2,550,700 (-6.4%) |
| Taxable Value | $39,419,975 | $36,888,092 | -2,531,883 (-6.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $37,162,254 | $13,963,202 | $23,199,052 | — | $37,162,254 | $36,888,092 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $37,162,254 | $13,963,202 | $23,199,052 | — | $37,162,254 | $36,888,092 | ~$754,909 | Partial |
| 2024 | $47,429,520 | — | — | −$33,466,318 | $13,963,202 | $— | $789,738 | Verified |
| 2023 | $58,900,000 | — | — | −$44,936,798 | $13,963,202 | $— | $854,730 | Verified |
| 2022 | $54,658,000 | — | — | −$40,694,798 | $13,963,202 | $— | $1,159,787 | Verified |
| 2021 | $54,546,000 | — | — | −$40,582,798 | $13,963,202 | $— | $1,187,487 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +6.9% | +6.9% | ~100% | Not available | Partial |
| 2025 | -13.3% | -13.3% | ~100% | Not available | Partial |
| 2024 | -15.1% | -15.1% | ~100% | 1.8400% | Verified |
| 2023 | -21.4% | -21.4% | ~100% | 1.6900% | Verified |
| 2022 | +17.4% | +17.4% | ~100% | 1.8100% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -32.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | -6.6% | -9.1% | +7.8% | 2023 | -21.6% | 2025 |
| Assessment Ratio | 100.0% | 50.7% | — | 100.0% | 2025 | 23.7% | 2023 |
| Effective Tax Rate (2025) | 2.0300% | 2.0300% | — | 2.0300% | 2025 | 2.0300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$754,909 | $949,330 | ~$549,865 | $1,187,487 | 2021 | $754,909 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$33,762,674 | ~$33,762,674 | ~2.0139% | ~$679,959 | -9.1% |
| 2027 | ~$30,674,085 | ~$30,674,085 | ~1.9814% | ~$607,773 | -17.5% |
| 2028 | ~$27,868,038 | ~$27,868,038 | ~1.9488% | ~$543,103 | -25.0% |
| 2029 | ~$25,318,687 | ~$25,318,687 | ~1.9163% | ~$485,180 | -31.9% |
| 2030 | ~$23,002,549 | ~$23,002,549 | ~1.8837% | ~$433,309 | -38.1% |
| 2026 | ~$35,304,141 | ~$35,304,141 | ~2.0465% | ~$722,494 | -5.0% |
| 2027 | ~$33,538,934 | ~$33,538,934 | ~2.0465% | ~$686,369 | -9.8% |
| 2028 | ~$31,861,988 | ~$31,861,988 | ~2.0465% | ~$652,051 | -14.3% |
| 2029 | ~$30,268,888 | ~$30,268,888 | ~2.0465% | ~$619,448 | -18.5% |
| 2030 | ~$28,755,444 | ~$28,755,444 | ~2.0465% | ~$588,476 | -22.6% |
| 2026 | ~$34,505,919 | ~$34,505,919 | ~1.9977% | ~$689,312 | -7.1% |
| 2027 | ~$32,039,457 | ~$32,039,457 | ~1.9488% | ~$624,398 | -13.8% |
| 2028 | ~$29,749,296 | ~$29,749,296 | ~1.9000% | ~$565,242 | -19.9% |
| 2029 | ~$27,622,835 | ~$27,622,835 | ~1.8512% | ~$511,352 | -25.7% |
| 2030 | ~$25,648,371 | ~$25,648,371 | ~1.8024% | ~$462,279 | -31.0% |
In 2025, this property's market value of $37,162,254 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 26× 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 | $37,162,254 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $47,429,520 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $58,900,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $54,658,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $54,546,000 | $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.