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    Elgin Land with Highway Access Title is generated by Realmo AI

    0 SWC and SEC of Western Sky Blvd and Hwy 290, Elgin, TX

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    Land with high visibility and direct highway access in Elgin.

    Type:LAND
    Property size:
    7,055 SF
    Lot size:
    1.75 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    173
    Last Refresh:
    Apr 5 at 10:20 pm

    Property Features for 0 SWC and SEC of Western Sky Blvd and Hwy 290

    General Information

    Standard status
    Active
    Size
    7,055 SF
    Lot size
    1.75 Acres
    Property subtype
    LAND

    Properties For Sale

    at 0 SWC and SEC of Western Sky Blvd and Hwy 290 Contact us

    We can help!

    Listing Contact
    Gigi Gomel
    Gigi Gomel

    Listing agent Gigi Gomel

    Listing office Hunington Properties - Austin

    Listing date Nov 24, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Hunington Properties - Austin

    HighLights

    • High visibility controlled intersection with direct access to Hwy 290 (31,106 VPD)
    • Great Highway frontage and access, providing great visibility and signage potential
    • Near major housing developments: Elm Creek West‑178 Lots, Brickstone‑1,909 Lots, Creeks Crossing‑287 Lots, Briarwood 774 Lots, Stone Creek Ranch‑288 Lots, Harvest Ridge‑1,171 Lots
    • Pad sites with drive through potential available
    • Near schools: Neidig Elementary‑599 Students, Harvest Ridge Elementary‑900 Students, Elgin High School‑1,779 Students, Elgin Middle School‑780 Students

    Overview

    This property offers high visibility at a controlled intersection with direct access to Hwy 290, which experiences a traffic volume of 31,106 vehicles per day. It features frontage and access to the highway, providing visibility and signage opportunities. Pad sites with drive-through potential are available. The property is located near several major housing developments, including Elm Creek West with 178 lots, Brickstone with 1,909 lots, Creeks Crossing with 287 lots, Briarwood with 774 lots, Stone Creek Ranch with 288 lots, and Harvest Ridge with 1,171 lots. It is also situated near schools such as Neidig Elementary with 599 students, Harvest Ridge Elementary with 900 students, Elgin High School with 1,779 students, and Elgin Middle School with 780 students. The property has a size of 7,055 square feet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Elgin
    County
    Bastrop
    State
    Texas
    Longitude
    -97.3703
    Latitude
    30.3497

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    FAQs

    What type of property is this?
    Commercial land - Land with high visibility and direct highway access in Elgin.
    Where is this commercial land located?
    The property is located at 0 SWC and SEC of Western Sky Blvd and Hwy 290 Elgin, TX.
    What are key features of this property?
    This property features: High visibility controlled intersection with direct access to Hwy 290 (31,106 VPD); Great Highway frontage and access, providing great visibility and signage potential; Near major housing developments: Elm Creek West‑178 Lots, Brickstone‑1,909 Lots, Creeks Crossing‑287 Lots, Briarwood 774 Lots, Stone Creek Ranch‑288 Lots, Harvest Ridge‑1,171 Lots
    (713) 206-7522 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Gigi Gomel
    Gigi Gomel
    Learn More
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    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
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