Retail Property in Elgin,
For Sale
Contact for pricing
250 W US Hwy 290, Elgin, TX
Retail space available for sale in Elgin, Texas.
Property Size4,204 SF
Lot Size0.40 Acres
Price / SF$344.91
Days on Market1078
Property Features for 250 W US Hwy 290
General Information
Standard status
Active
Size
4,204 SF
Lot size
0.40 Acres
Property subtype
RETAIL
Listing Agency:
Haystack Real Estate Partners
Listed By:
Barret Espe · License #638497
(512) 757-6349
Source:
Moodyscre
Added: Nov 10, 2023
Changed: Oct 7
Last Checked: Oct 20 at 8:56PM
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 Haystack Real Estate Partners
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A retail property with 4,204 square feet of space is available for sale. The property is located at 250 W US Hwy 290, Elgin, TX. Please contact broker for rates and more information.
Key Highlights
- Please contact broker for rates and more information.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,025
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,480,500
$1.5M
Cap Rate 7%
$1,057,500
$1.1M
Cap Rate 9%
$822,500
$822.5K
Market Conditions
NOI Build-Up for 4,204 SF
Gross rent
$109.5K $26.04/SF
− Vacancy
−$3.7K −$0.89/SF
EGI
$105.8K $25.15/SF
− OpEx
−$31.7K −$7.55/SF
NOI
$74.0K $17.61/SF
Area
Bastrop County, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,480,500
Cap Rate 7%
$1,057,500
Cap Rate 9%
$822,500
Alternative Uses
Best Use
Retail
$1.06M
$925.3K – $1.23M
NOI $74,025 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,318 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for sale in Elgin, Texas.
Where is this retail space located?
The property is located at 250 W US Hwy 290 Elgin, TX.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Please contact broker for rates and more information.
