Retail Property in Elgin,
250 W US Hwy 290 Elgin, TX
For Sale
Contact for pricing
Retail space available for sale in Elgin, Texas.
Property Size4,204 SF
Lot Size0.40 Acres
Price / SF$344.91
Days on Market987
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
(512) 757-6349
Listed By:
Barret Espe · License #638497
(512) 757-6349
Source:
Moodyscre
Added: Nov 10, 2023
Changed: Jul 6
Last Checked: Jul 21 at 6:40AM
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
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.5k | $26.04 |
| − Vacancy | −$3.7k | −$0.89 |
| EGI | $105.8k | $25.15 |
| − OpEx | −$31.7k | −$7.55 |
| NOI | $74.0k | $17.61 |
4,204 SF · lease $26.04/SF/yr · vacancy 3.40% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
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.
