5209 SOUTHWEST PKWY TX 78735
| Owner | DRAWBRIDGE SWP II LLC |
|---|---|
| Parcel ID | 0404250904 |
| Short ID | 948063 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 122,666 SF |
| Land SF | 101,229 SF |
| Acres | 2.324 |
| Year Built | 2020 |
| Legal | LOT 3 BLK A MURPHEY SUBD |
| Neighborhood | 51SWE |
| Land | $708,604 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $708,604 |
| Improvement | $32,495,394 |
|---|---|
| Total Improvement | $32,495,394 |
| Market | $33,203,998 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $33,203,998 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $33,203,998 |
| Taxable Value | $33,203,998 |
|---|
Appreciation: Market value has risen +322.3% from $7,863,405 (2022) to $33,203,998 (2025), a CAGR of 61.6% over 3 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), 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 +16.6%, 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 $679,515. 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 2% of market value ($708,604 land vs $32,495,394 improvements), about $7/SF of land. Most value sits in the improvements, so building condition, age (~6 yrs), and rent roll drive the underwriting.
Submarket Position: At $33,203,998, 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 +61.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $366,288,489 by 2030, with an estimated annual tax burden around $1,007,338. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 100,520 SF | ✓ |
| 1ST | 1st Floor | 41,138 SF | ✓ |
| 2ND | 2nd Floor | 40,764 SF | ✓ |
| 3RD | 3rd Floor | 40,764 SF | ✓ |
Market value changed by 409% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $307,203.39 | $307,203.39 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $173,994.59 | $173,994.59 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $124,795.57 | $124,795.57 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $39,188.35 | $39,188.35 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $34,332.93 | $34,332.93 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $679,514.83 | $679,514.83 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $31,830,000 | $33,203,998 | -4.1% |
| Assessed Value | $31,830,000 | $33,203,998 | -4.1% |
| Land Value | $708,604 | $708,604 | +0.0% |
| Improvement Value | $31,121,396 | $32,495,394 | -4.2% |
| Taxable Value | $31,830,000 | $33,203,998 | -4.1% |
| Total Tax 2026 = estimate |
~$651,396
Estimated
|
~$679,515
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $32,262,812 | $31,830,000 | -432,812 (-1.3%) |
| Taxable Value | $32,262,812 | $31,830,000 | -432,812 (-1.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $31,830,000 | $708,604 | $31,121,396 | — | $31,830,000 | $31,830,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $33,203,998 | $708,604 | $32,495,394 | — | $33,203,998 | $33,203,998 | ~$679,515 | Partial |
| 2024 | $36,570,480 | — | — | −$35,861,876 | $708,604 | $— | $655,789 | Verified |
| 2023 | $40,000,000 | — | — | −$39,291,396 | $708,604 | $— | $663,937 | Verified |
| 2022 | $7,863,405 | — | — | −$7,154,801 | $708,604 | $— | $789,969 | Verified |
| 2021 | $— | — | — | — | $708,604 | $— | $171,161 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -2.8% | -2.8% | ~100% | Not available | Partial |
| 2025 | -6.5% | -6.5% | ~100% | Not available | Partial |
| 2024 | -8.6% | -8.6% | ~100% | 1.8500% | Verified |
| 2023 | -2.8% | -2.8% | ~100% | 1.7100% | Verified |
| 2022 | +408.7% ! | +408.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +322.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.1% | +96.7% | +63.0% | +408.7% | 2023 | -9.2% | 2025 |
| Assessment Ratio | 100.0% | 42.5% | — | 100.0% | 2025 | 1.8% | 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 |
$679,515 | $697,302 | ~$866,368 | $789,969 | 2022 | $655,789 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$53,668,191 | ~$36,524,398 | ~2.0139% | ~$735,578 | +61.6% |
| 2027 | ~$86,744,817 | ~$40,176,838 | ~1.9814% | ~$796,059 | +161.2% |
| 2028 | ~$140,207,135 | ~$44,194,521 | ~1.9488% | ~$861,280 | +322.3% |
| 2029 | ~$226,619,195 | ~$48,613,973 | ~1.9163% | ~$931,585 | +582.5% |
| 2030 | ~$366,288,489 | ~$53,475,371 | ~1.8837% | ~$1,007,338 | +1003.1% |
| 2026 | ~$53,004,111 | ~$36,524,398 | ~2.0465% | ~$747,466 | +59.6% |
| 2027 | ~$84,611,371 | ~$40,176,838 | ~2.0465% | ~$822,213 | +154.8% |
| 2028 | ~$135,066,582 | ~$44,194,521 | ~2.0465% | ~$904,434 | +306.8% |
| 2029 | ~$215,609,099 | ~$48,613,973 | ~2.0465% | ~$994,878 | +549.3% |
| 2030 | ~$344,180,501 | ~$53,475,371 | ~2.0465% | ~$1,094,365 | +936.6% |
| 2026 | ~$54,332,271 | ~$36,524,398 | ~1.9977% | ~$729,634 | +63.6% |
| 2027 | ~$88,904,826 | ~$40,176,838 | ~1.9488% | ~$782,982 | +167.8% |
| 2028 | ~$145,476,491 | ~$44,194,521 | ~1.9000% | ~$839,703 | +338.1% |
| 2029 | ~$238,045,676 | ~$48,613,973 | ~1.8512% | ~$899,939 | +616.9% |
| 2030 | ~$389,518,219 | ~$53,475,371 | ~1.8024% | ~$963,825 | +1073.1% |
In 2025, this property's market value of $33,203,998 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 23× 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 | $33,203,998 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $36,570,480 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $40,000,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $7,863,405 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | — | $517,750 | $1,142,600 | $2,780,453 | — | 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.