Warehouse with Office and
2219 Co Rd 460 Elgin, TX 78621
For Sale
Contact for pricing
Warehouse space with office and large yard near Hwy 290.
Property Size2,250 SF
Lot Size4.96 Acres
Price / SF$120
Days on Market792
Property Features for 2219 Co Rd 460
General Information
- Standard status
- Active
- Size
- 2,250 SF
- Lot size
- 4.96 Acres
- Property subtype
- INDUSTRIAL
Listing Agency:
Dovetail Commercial Real Estate
(512) 574-4155
Listed By:
Adam Fike
Source:
Moodyscre
Added: May 24, 2024
Changed: Jul 6
Last Checked: Jul 21 at 5:40AM
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 Dovetail Commercial Real Estate
Investment Insights
Based on property information with market context.
The property at 2219 Co Rd 460, Elgin, TX, offers an opportunity for users needing a combination of high and low ceiling warehouse space, along with office space and approximately 4 acres of yard space. The property contains 2250 square feet. It is located in Williamson County, near Hwy 290 and Toll Rd 130, approximately 35 minutes from Austin and 25 minutes from Round Rock and Georgetown. The property is suitable for warehouses, industrial purposes, and flex space.
Key Highlights
- 4+/- acres of yard space
- Features a mix of high and low ceiling warehouse space
- Nicely appointed office space
Financial Insights For Warehouse
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 | $33.5k | $14.88 |
| − Vacancy | −$6.8k | −$3.04 |
| EGI | $26.7k | $11.84 |
| − OpEx | −$4.0k | −$1.78 |
| NOI | $22.7k | $10.07 |
2,250 SF · lease $14.88/SF/yr · vacancy 20.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$323.6K
$283.2K – $377.6K
NOI $22,653 @ 7.0% cap · market cap 8.39%
Second Best
Industrial
$287.6K
$251.7K – $335.5K
NOI $20,132 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$881.7K
$771.5K – $1.03M
NOI $61,719 @ 7.0% cap · market cap 22.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Warehouse - Warehouse space with office and large yard near Hwy 290.
Where is this warehouse located?
The property is located at 2219 Co Rd 460 Elgin, TX.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 4+/- acres of yard space; Features a mix of high and low ceiling warehouse space; Nicely appointed office space
