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    Warehouse with Office and Yard Title is generated by Realmo AI

    2219 Co Rd 460, Elgin, TX 78621

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    Warehouse space with office and large yard near Hwy 290.

    Type:INDUSTRIAL
    Property size:
    2,250 SF
    Lot size:
    4.96 Acres
    Price / SF:
    $120/SF
    Added:
    May 24, 2024
    Days on Market:
    746
    Last Refresh:
    May 20 at 9:27 pm

    Property Features for 2219 Co Rd 460

    General Information

    Standard status
    Active
    Size
    2,250 SF
    Lot size
    4.96 Acres
    Property subtype
    INDUSTRIAL

    Properties For Sale

    at 2219 Co Rd 460 Contact us

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    Listing Contact
    Adam Fike

    Listing agent Adam Fike

    Listing office Dovetail Commercial Real Estate

    Listing date May 24, 2024

    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 Dovetail Commercial Real Estate

    HighLights

    • 4+/- acres of yard space
    • Features a mix of high and low ceiling warehouse space
    • Nicely appointed office space
    • Located in Williamson County
    • Near Hwy 290 and Toll Rd 130
    • 35 minutes to Austin

    Overview

    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.

    Local 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 (±1% cap)
    NOI $22,653 @ 7.0% cap · market cap 8.39%
    Second Best
    Industrial
    $287.6K
    $251.7K – $335.5K (±1% cap)
    NOI $20,132 @ 7.0% cap · market cap 7.46%
    Theoretical Best
    Office A
    $881.7K
    $771.5K – $1.03M (±1% cap)
    NOI $61,719 @ 7.0% cap · market cap 22.86%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Bastrop
    State
    Texas
    Longitude
    -97.3628
    Latitude
    30.4251

    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
    (512) 468-5353 Call to check price and availability
    More about this property
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