Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1875 County Road 466 Elgin, TX 78621

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $475,000

    14 acres with pond, trees, and workshop in Texas.

    Lot size:
    14.00 Acres

    Property Features for 1875 County Road 466

    General Information

    Property type
    Other
    Standard status
    Active
    Lot size
    14.00 Acres

    Building Details

    Year built
    1998

    We can help!

    Listing Contact
    Marquita Ferguson
    Marquita Ferguson
    Source: Elliman

    Listing Agent: Marquita Ferguson

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

    Learn more

    Property Insight Report

    Overview

    14 Acre Property with Workshop

    This 14-acre property features a pond and various types of trees, including oak and elm. A 40 x 80 metal workshop is situated on a slab and includes heating, cooling, and a bathroom. A mobile home is included in the sale, offered in as-is condition. The pond maintained its water level even during drought conditions. Hay is regularly cut and baled on the property, offering agricultural potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Bastrop
    State
    Texas
    Longitude
    -97.327484
    Latitude
    30.443253

    Nearby Similar for Sale

    • $699,000
      26.00 Acres

      Elgin Ranch with Development Potential

      25+ acre ranch suitable for building, grazing, or development.
      4605 County Road 467, Elgin, TX 78621
      View Details
    • Contact for pricing
      100,322 SF

      Three Oaks Mine Offices - Luminant

      7207 FM 696, Elgin, TX 78621
      7207 - 3 Oaks Mine Offices - Luminant, Elgin, TX 78621
      View Details
    • $800,000

      Historic Mixed-Use Elgin Property

      Charming historic building in Elgin's Historic District.
      34 N Main St, Elgin, TX 78621
      View Details
    • $800,000

      Historic Elgin Mixed-Use Building

      Charming red brick building in Elgin's Historic District.
      34 N Main St, Elgin, TX 78621
      View Details
    • $1,045,000

      Elgin Versatile Commercial Building

      5,700 SF building on 1.74 acres near Highway 290.
      989 Old Mcdade Rd, Elgin, TX 78621
      View Details
    • $2,900,000

      Elgin Commercial Property with Venue

      6.5-acre commercial property with 6,500 sq. ft. building.
      412 Depot St, Elgin, TX 78621
      View Details
    • $600,000

      Elgin Acreage with Barns

      Unrestricted 12.92-acre property with barns, well, and utilities.
      174 Wilson Rd, Elgin, TX 78621
      View Details
    • $1,425,000

      Charming Texas Estate: Rust Bucket Farm

      Historic Texas homestead with reconstructed home, barn, and mature trees.
      1610 County Road 463, Elgin, TX 78621
      View Details
    • $2,500,000
      51.04 Acres

      Unrestricted Ranch Near Elgin, TX

      51-acre ranch with home and barndominium near Taylor and Elgin.
      0000 County Road 463, Elgin, TX 78621
      View Details
    • $2,500,000
      51.04 Acres

      Unrestricted Ranch Near Taylor and Elgin

      51-acre ranch with home, barndominium, ponds, and development potential.
      Tract 3 -- County Rd 463, Elgin, TX 78621
      View Details
    • $595,000

      Elgin Specialty Property For Sale

      Specialty property available for purchase in Elgin, Texas.
      224 Crooked Holw Dr, Elgin, TX 78621
      View Details
    • $1,425,000

      Charming Texas Estate: Rust Bucket Farm

      Historic Texas estate with reconstructed home, barn, and mature trees.
      1610 County Road 463, Elgin, TX 78621
      View Details

    FAQs

    What type of property is this?
    Farm - 14 acres with pond, trees, and workshop in Texas.
    Where is this farm located?
    The property is located at 1875 County Road 466 Elgin, TX.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - 14-acre property featuring diverse trees including oak and elm.; - 40 X 80 metal workshop on slab with heating, cooling, and bathroom.; - Deep pond that retained water during drought.
    (512) 281-3336
    Request Owner's contact information
    1875 County Road 466 Elgin, TX 78621
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1875 County Road 466
    Elgin, TX 78621
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1875 County Road 466 Elgin, TX 78621
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Marquita Ferguson
    Marquita Ferguson
    (512) 281-3336 (512) 971-3570 (866) 277-6005
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!