5707 SOUTHWEST PKWY TX 78735
| Owner | ATX OFFICE OWNER 2 LP |
|---|---|
| Parcel ID | 0404280103 |
| Short ID | 775440 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 123,831 SF |
| Land SF | 924,387 SF |
| Acres | 21.221 |
| Year Built | 2015 |
| Legal | LOT 1 ENCINO TRACE SUBD |
| Neighborhood | 51SWE |
| Land | $6,470,707 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,470,707 |
| Improvement | $30,145,887 |
|---|---|
| Total Improvement | $30,145,887 |
| Market | $36,616,594 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $36,616,594 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $36,616,594 |
| Taxable Value | $36,616,594 |
|---|
Appreciation: Market value has fallen -34.0% from $55,446,000 (2021) to $36,616,594 (2025), a CAGR of -9.9% 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 $749,353. 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 ($6,470,707 land vs $30,145,887 improvements), about $7/SF of land. Most value sits in the improvements, so building condition, age (~11 yrs), and rent roll drive the underwriting.
Submarket Position: At $36,616,594, 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 -9.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $21,799,052 by 2030, with an estimated annual tax burden around $410,638. 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 |
|---|---|---|---|
| 187 | PARKING GARAGE | 192,045 SF | ✓ |
| 2ND | 2nd Floor | 41,415 SF | ✓ |
| 3RD | 3rd Floor | 41,415 SF | ✓ |
| 4TH | 4th Floor | 41,415 SF | ✓ |
| 1ST | 1st Floor | 41,001 SF | ✓ |
| 611 | TERRACE | 5,108 SF | ✗ |
| 511 | DECK | 908 SF | ✗ |
| 501 | CANOPY | 72 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% | $338,776.73 | $338,776.73 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $191,877.18 | $191,877.18 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $137,621.64 | $137,621.64 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $43,216.00 | $43,216.00 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $37,861.56 | $37,861.56 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $749,353.11 | $749,353.11 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $40,424,807 | $36,616,594 | +10.4% |
| Assessed Value | $40,424,807 | $36,616,594 | +10.4% |
| Land Value | $6,470,707 | $6,470,707 | +0.0% |
| Improvement Value | $33,954,100 | $30,145,887 | +12.6% |
| Taxable Value | $40,424,807 | $36,616,594 | +10.4% |
| Total Tax 2026 = estimate |
~$827,288
Estimated
|
~$749,353
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $42,019,842 | $40,424,807 | -1,595,035 (-3.8%) |
| Taxable Value | $42,019,842 | $40,424,807 | -1,595,035 (-3.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $40,424,807 | $6,470,707 | $33,954,100 | — | $40,424,807 | $40,424,807 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $36,616,594 | $6,470,707 | $30,145,887 | — | $36,616,594 | $36,616,594 | ~$749,353 | Partial |
| 2024 | $47,302,437 | — | — | −$40,831,730 | $6,470,707 | $— | $743,179 | Verified |
| 2023 | $59,940,000 | — | — | −$53,469,293 | $6,470,707 | $— | $861,419 | Verified |
| 2022 | $— | — | — | — | $6,470,707 | $— | $1,186,622 | Verified |
| 2021 | $55,446,000 | — | — | −$48,975,293 | $6,470,707 | $— | $1,170,124 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +14.8% | +14.8% | ~100% | Not available | Partial |
| 2025 | -10.1% | -10.1% | ~100% | Not available | Partial |
| 2024 | -23.1% | -23.1% | ~100% | 1.8200% | Verified |
| 2023 | -15.7% | -15.7% | ~100% | 1.6300% | Verified |
| 2022 | +15.7% | +15.7% | ~100% | 1.8900% | Verified |
| 2021 | base year | — | ~100% | 2.1100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -32.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +10.4% | -6.3% | -11.6% | +10.4% | 2026 | -22.6% | 2025 |
| Assessment Ratio | 100.0% | 47.2% | — | 100.0% | 2025 | 10.8% | 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 |
$749,353 | $881,019 | ~$530,233 | $1,170,124 | 2021 | $743,179 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$33,008,811 | ~$33,008,811 | ~2.0139% | ~$664,776 | -9.9% |
| 2027 | ~$29,756,497 | ~$29,756,497 | ~1.9814% | ~$589,592 | -18.7% |
| 2028 | ~$26,824,630 | ~$26,824,630 | ~1.9488% | ~$522,769 | -26.7% |
| 2029 | ~$24,181,635 | ~$24,181,635 | ~1.9163% | ~$463,390 | -34.0% |
| 2030 | ~$21,799,052 | ~$21,799,052 | ~1.8837% | ~$410,638 | -40.5% |
| 2026 | ~$34,785,764 | ~$34,785,764 | ~2.0465% | ~$711,885 | -5.0% |
| 2027 | ~$33,046,476 | ~$33,046,476 | ~2.0465% | ~$676,291 | -9.8% |
| 2028 | ~$31,394,152 | ~$31,394,152 | ~2.0465% | ~$642,477 | -14.3% |
| 2029 | ~$29,824,445 | ~$29,824,445 | ~2.0465% | ~$610,353 | -18.5% |
| 2030 | ~$28,333,222 | ~$28,333,222 | ~2.0465% | ~$579,835 | -22.6% |
| 2026 | ~$33,741,142 | ~$33,741,142 | ~1.9977% | ~$674,034 | -7.9% |
| 2027 | ~$31,091,496 | ~$31,091,496 | ~1.9488% | ~$605,923 | -15.1% |
| 2028 | ~$28,649,923 | ~$28,649,923 | ~1.9000% | ~$544,353 | -21.8% |
| 2029 | ~$26,400,084 | ~$26,400,084 | ~1.8512% | ~$488,717 | -27.9% |
| 2030 | ~$24,326,921 | ~$24,326,921 | ~1.8024% | ~$438,461 | -33.6% |
In 2025, this property's market value of $36,616,594 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 | $36,616,594 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $47,302,437 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $59,940,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | — | $553,066 | $1,215,730 | $2,939,150 | — | +3.3% |
| 2021 | $55,446,000 | $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.