7000 W WILLIAM CANNON DR TX 78735
| Owner | SOUTHWEST PARKWAY OFFICE PARTNERS I |
|---|---|
| Parcel ID | 0407370126 |
| Short ID | 446630 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 135,956 SF |
| Land SF | 482,427 SF |
| Acres | 11.075 |
| Year Built | 2001 |
| Legal | LOT 6 BLK A LANTANA |
| Neighborhood | 51SWE |
| Land | $3,376,989 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,376,989 |
| Improvement | $25,601,049 |
|---|---|
| Total Improvement | $25,601,049 |
| Market | $28,978,038 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $28,978,038 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $28,978,038 |
| Taxable Value | $28,978,038 |
|---|
Appreciation: Market value has fallen -29.6% from $41,182,600 (2021) to $28,978,038 (2025), a CAGR of -8.4% 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 $593,031. 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 12% of market value ($3,376,989 land vs $25,601,049 improvements), about $7/SF of land. Most value sits in the improvements, so building condition, age (~25 yrs), and rent roll drive the underwriting.
Submarket Position: At $28,978,038, 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 -8.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $18,675,103 by 2030, with an estimated annual tax burden around $351,791. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 218,530 SF | ✗ |
| 491 | SPRINKLER HEADS | 136,564 SF | ✗ |
| 2ND | 2nd Floor | 68,052 SF | ✓ |
| 1ST | 1st Floor | 67,904 SF | ✓ |
| 061C | CARPORT ATT 1ST COMM | 11,916 SF | ✗ |
| 501 | CANOPY | 2,045 SF | ✗ |
| LOBBY | Lobby | 608 SF | ✓ |
| 482 | LIGHT POLES | 28 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% | $268,104.81 | $268,104.81 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $151,849.85 | $151,849.85 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $108,912.51 | $108,912.51 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $34,200.75 | $34,200.75 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $29,963.29 | $29,963.29 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $593,031.21 | $593,031.21 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $30,800,000 | $28,978,038 | +6.3% |
| Assessed Value | $30,800,000 | $28,978,038 | +6.3% |
| Land Value | $3,376,989 | $3,376,989 | +0.0% |
| Improvement Value | $27,423,011 | $25,601,049 | +7.1% |
| Taxable Value | $30,800,000 | $28,978,038 | +6.3% |
| Total Tax 2026 = estimate |
~$630,317
Estimated
|
~$593,031
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $30,800,000 | $30,800,000 | +0 (+0.0%) |
| Taxable Value | $30,800,000 | $30,800,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $30,800,000 | $3,376,989 | $27,423,011 | — | $30,800,000 | $30,800,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $28,978,038 | $3,376,989 | $25,601,049 | — | $28,978,038 | $28,978,038 | ~$593,031 | Partial |
| 2024 | $39,850,000 | — | — | −$36,473,011 | $3,376,989 | $— | $582,158 | Verified |
| 2023 | $50,158,800 | — | — | −$46,781,811 | $3,376,989 | $— | $724,624 | Verified |
| 2022 | $46,104,331 | — | — | −$42,727,342 | $3,376,989 | $— | $990,598 | Verified |
| 2021 | $41,182,600 | — | — | −$37,805,611 | $3,376,989 | $— | $1,003,543 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +6.3% | +6.3% | ~100% | Not available | Partial |
| 2025 | -11.2% | -11.2% | ~100% | Not available | Partial |
| 2024 | -25.1% | -25.1% | ~100% | 1.7800% | Verified |
| 2023 | -13.2% | -13.2% | ~100% | 1.6600% | Verified |
| 2022 | +8.8% | +8.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.4400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -37.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +6.3% | -4.2% | -9.5% | +12.0% | 2022 | -27.3% | 2025 |
| Assessment Ratio | 100.0% | 38.4% | — | 100.0% | 2025 | 6.7% | 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 |
$593,031 | $778,791 | ~$438,508 | $1,003,543 | 2021 | $582,158 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$26,540,419 | ~$26,540,419 | ~2.0139% | ~$534,507 | -8.4% |
| 2027 | ~$24,307,852 | ~$24,307,852 | ~1.9814% | ~$481,633 | -16.1% |
| 2028 | ~$22,263,087 | ~$22,263,087 | ~1.9488% | ~$433,872 | -23.2% |
| 2029 | ~$20,390,327 | ~$20,390,327 | ~1.9163% | ~$390,738 | -29.6% |
| 2030 | ~$18,675,103 | ~$18,675,103 | ~1.8837% | ~$351,791 | -35.6% |
| 2026 | ~$27,529,136 | ~$27,529,136 | ~2.0465% | ~$563,380 | -5.0% |
| 2027 | ~$26,152,679 | ~$26,152,679 | ~2.0465% | ~$535,211 | -9.8% |
| 2028 | ~$24,845,045 | ~$24,845,045 | ~2.0465% | ~$508,450 | -14.3% |
| 2029 | ~$23,602,793 | ~$23,602,793 | ~2.0465% | ~$483,028 | -18.5% |
| 2030 | ~$22,422,653 | ~$22,422,653 | ~2.0465% | ~$458,876 | -22.6% |
| 2026 | ~$27,119,980 | ~$27,119,980 | ~1.9977% | ~$541,766 | -6.4% |
| 2027 | ~$25,381,060 | ~$25,381,060 | ~1.9488% | ~$494,636 | -12.4% |
| 2028 | ~$23,753,639 | ~$23,753,639 | ~1.9000% | ~$451,323 | -18.0% |
| 2029 | ~$22,230,567 | ~$22,230,567 | ~1.8512% | ~$411,531 | -23.3% |
| 2030 | ~$20,805,154 | ~$20,805,154 | ~1.8024% | ~$374,986 | -28.2% |
In 2025, this property's market value of $28,978,038 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 20× 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 | $28,978,038 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $39,850,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $50,158,800 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $46,104,331 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $41,182,600 | $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.