502 W WILLIAM CANNON DR TX 78745
| Owner | MCDONALD CORP |
|---|---|
| Parcel ID | 0419110127 |
| Short ID | 332384 |
| Type | Real |
| Use Code | 33 Fast Food Restaurant |
| Valuation | Income |
| Improvement SF | 4,600 SF |
| Land SF | 564,973 SF |
| Acres | 12.970 |
| Year Built | 2019 |
| Legal | IMPS ONLY ON LOT 1 SOUTHRIDGE PLAZA |
| Neighborhood | 33SOU |
| Land | $16,949,190 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $16,949,190 |
| Improvement | $3,850,810 |
|---|---|
| Total Improvement | $3,850,810 |
| Market | $22,600,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $22,600,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $22,600,000 |
| Taxable Value | $22,600,000 |
|---|
Appreciation: Market value has fallen -13.9% from $26,237,490 (2021) to $22,600,000 (2025), a CAGR of -3.7% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), 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 $462,506. 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 75% of market value ($16,949,190 land vs $3,850,810 improvements), about $30/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $22,600,000, 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 -3.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $18,753,880 by 2030, with an estimated annual tax burden around $353,275. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 10,000 SF | ✗ |
| 1ST | 1st Floor | 4,600 SF | ✓ |
| 501 | CANOPY | 2,152 SF | ✗ |
| 611 | TERRACE | 440 SF | ✗ |
| Unit (prop_id) | Owner | Address | Market Value | Assessed Value | Taxable Value |
|---|---|---|---|---|---|
| 332384 | WILLIAM CANNON PROPERTIES LP ETAL | 502 WILLIAM CANNON DR 78745 | $20,712,163 | $20,712,163 | $20,712,163 |
| 359432 | MCDONALD CORP | 502 WILLIAM CANNON DR 78745 | $2,273,000 | $2,160,000 | $2,160,000 |
Market value changed by 85% 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% | $209,095.20 | $209,095.20 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $118,427.85 | $118,427.85 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $84,940.97 | $84,940.97 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $26,673.19 | $26,673.19 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $23,368.40 | $23,368.40 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $462,505.61 | $462,505.61 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $22,985,163 | $22,600,000 | +1.7% |
| Assessed Value | $22,872,163 | $22,600,000 | +1.2% |
| Land Value | $16,949,190 | $16,949,190 | +0.0% |
| Improvement Value | $3,762,973 | $3,850,810 | -2.3% |
| Taxable Value | $22,872,163 | $22,600,000 | +1.2% |
| HS Cap Loss | -$113,000 | — | |
| Total Tax 2026 = estimate |
~$468,075
Estimated
|
~$462,506
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $25,078,157 | $22,985,163 | -2,092,994 (-8.3%) |
| Taxable Value | $24,064,551 | $22,872,163 | -1,192,388 (-5.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $22,985,163 | $16,949,190 | $3,762,973 | −$113,000 | $22,872,163 | $22,872,163 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $22,600,000 | $16,949,190 | $3,850,810 | — | $22,600,000 | $22,600,000 | ~$462,506 | Partial |
| 2024 | $22,231,000 | — | — | −$5,281,810 | $16,949,190 | $— | $457,799 | Verified |
| 2023 | $20,305,000 | — | — | −$3,355,810 | $16,949,190 | $— | $402,680 | Verified |
| 2022 | $17,464,000 | — | — | −$8,989,405 | $8,474,595 | $— | $391,627 | Verified |
| 2021 | $26,237,490 | — | — | −$17,762,895 | $8,474,595 | $— | $380,135 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +76.3% ! | +20.0% | 68.1% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -20.8% | -20.8% | ~100% | 1.9800% | Verified |
| 2023 | -11.7% | -11.7% | ~100% | 1.7700% | Verified |
| 2022 | -85.2% ! | -85.2% | ~100% | 1.8800% | Verified |
| 2021 | base year | — | ~100% | 1.4500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -89.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.7% | -0.8% | -4.0% | +16.3% | 2023 | -33.4% | 2022 |
| Assessment Ratio | 99.5% | 73.3% | — | 100.0% | 2025 | 32.3% | 2021 |
| 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 |
$462,506 | $418,949 | ~$394,838 | $462,506 | 2025 | $380,135 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$21,772,333 | ~$21,772,333 | ~2.0139% | ~$438,481 | -3.7% |
| 2027 | ~$20,974,978 | ~$20,974,978 | ~1.9814% | ~$415,596 | -7.2% |
| 2028 | ~$20,206,824 | ~$20,206,824 | ~1.9488% | ~$393,799 | -10.6% |
| 2029 | ~$19,466,801 | ~$19,466,801 | ~1.9163% | ~$373,041 | -13.9% |
| 2030 | ~$18,753,880 | ~$18,753,880 | ~1.8837% | ~$353,275 | -17.0% |
| 2026 | ~$21,470,000 | ~$21,470,000 | ~2.0465% | ~$439,380 | -5.0% |
| 2027 | ~$20,396,500 | ~$20,396,500 | ~2.0465% | ~$417,411 | -9.8% |
| 2028 | ~$19,376,675 | ~$19,376,675 | ~2.0465% | ~$396,541 | -14.3% |
| 2029 | ~$18,407,841 | ~$18,407,841 | ~2.0465% | ~$376,714 | -18.5% |
| 2030 | ~$17,487,449 | ~$17,487,449 | ~2.0465% | ~$357,878 | -22.6% |
| 2026 | ~$22,224,333 | ~$22,224,333 | ~1.9977% | ~$443,967 | -1.7% |
| 2027 | ~$21,854,911 | ~$21,854,911 | ~1.9488% | ~$425,917 | -3.3% |
| 2028 | ~$21,491,630 | ~$21,491,630 | ~1.9000% | ~$408,345 | -4.9% |
| 2029 | ~$21,134,387 | ~$21,134,387 | ~1.8512% | ~$391,239 | -6.5% |
| 2030 | ~$20,783,083 | ~$20,783,083 | ~1.8024% | ~$374,588 | -8.0% |
In 2025, this property's market value of $22,600,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 16× 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 | $22,600,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $22,231,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $20,305,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $17,464,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $26,237,490 | $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.