Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4605 County Road 467 Elgin, TX 78621

    View on Map
    Claim this Listing
    For Sale
    $699,000

    LAND - Elgin, TX

    Lot size:
    25.54 Acres
    Added:
    Oct 9, 2025
    Days on Market:
    201
    Last Refresh:
    Apr 27 at 3:06 am

    Property Features for 4605 County Road 467

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    WaterFeature
    Standard status
    Active
    APN
    01047900000015E
    Lot size
    25.54 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    AW0479 AW0479 - Nantz, A. Sur., 27.537

    Utilities

    Sewer type
    Public Sewer, Septic Tank
    Water source
    Public

    We can help!

    Listing Contact
    Sherry R. Payne
    Sherry R. Payne

    Listing agent Sherry R. Payne License #0656398

    Listing office Keller Williams Advantage Waco 3701 W Waco Dr, TX

    Listing date Oct 9, 2025

    MLS# 594862 Listing URL

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Elgin, TX Land Opportunity

    This property features over 25 acres of land suitable for building a new home, grazing, and coastal crops. The land includes two tanks and two creeks, with a mix of trees, rolling areas, and level areas. Manville water access is available. There is development potential for building multiple home sites. The property is located on a county road with access to electric and water. The land also presents potential for RV park use. The property is located in Elgin, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Building Supply Grocery & Convenience Store Furniture & Home Goods Butcher

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Bastrop
    State
    Texas
    Longitude
    -97.282906
    Latitude
    30.423937

    Nearby Similar for Sale

    • $699,000

      Elgin Ranch with Development Potential

      25+ acre ranch suitable for building, grazing, or development.
      4605 County Road 467, Elgin, TX 78621
      View Details
    • $389,900

      Elgin, TX: 10-Acre Unrestricted Land

      10-acre unrestricted property in Elgin, TX with water well.
      1035 Old Sayers, Elgin, TX 78621
      View Details
    • $2,100,000

      Prime Elgin Commercial Development Opportunity

      28.33 acres near Samsung plant, Austin, and major transport.
      257 Littig Road, Elgin, TX 78621
      View Details
    • $800,000
      5,618 SF

      Historic Elgin Mixed-Use Building

      Charming historic building in Elgin's Historic District with retail/office space.
      34 N Main Street, Elgin, TX 78621
      View Details
    • $1,200,000
      7,015 SF

      Versatile Elgin Property Near Downtown

      Adaptable 7,015 sq ft property suitable for various uses.
      416 Depot St, Elgin, TX 78621
      View Details
    • $45,000,000
      100,322 SF

      Three Oaks Mine Offices - Luminant

      80-acre property with offices, warehouse, and industrial infrastructure for sale.
      7207 - 3 Oaks Mine Offices - Luminant, Elgin, TX 78621
      View Details
    • $400,000

      Elgin Land with Mixed-Use Potential

      Versatile property in Elgin corridor, ideal for residential or commercial.
      296 Blisard Road, Unit C, Elgin, TX 78621
      View Details
    • $499,900

      Elgin, TX Land Opportunity

      1.82 acres, 14 lots, ideal for development.
      Madison, Block 9, Lot 1 thru 14, Elgin, TX 78621
      View Details
    • $400,000

      Elgin Storage Unit Investment

      Two storage unit properties in booming Elgin, Texas.
      101 & 309 S Main St A, Elgin, TX 78621
      View Details
    • $2,500,000

      Unrestricted Ranch Near Elgin, TX

      51-acre ranch with home and barndominium near Taylor and Elgin.
      0000 County Road 463, Elgin, TX 78621
      View Details
    • $75,000

      Cleared Lot Ready for Build

      Cleared .13-acre lot zoned MFR ready for development.
      600 Alley A Street lot: 12, Elgin, TX 78621
      View Details
    • $2,500,000

      Unrestricted Ranch Near Taylor and Elgin

      51-acre ranch with home, barndominium, ponds, and development potential.
      Tract 3 -- County Rd 463, Elgin, TX 78621
      View Details

    FAQs

    What type of property is this?
    Land - 25+ acres with grazing potential near Elgin, Texas.
    Where is this land located?
    The property is located at 4605 County Road 467 Elgin, TX.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: 25+ acres of land suitable for building; Dual water sources: **two tanks and two creeks**; Manville water access
    (512) 484-1037
    We can help!
    Listing Contact
    Sherry R. Payne
    Sherry R. Payne
    Real Estate License ID: 0656398
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!