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

    16005 US-290 Elgin, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land with highway frontage, conveniently located between Manor and Elgin.

    Type:LAND
    Lot size:
    4.00 Acres
    Added:
    Apr 24, 2025
    Days on Market:
    367
    Last Refresh:
    Apr 5 at 10:35 pm

    Property Features for 16005 US-290

    General Information

    Standard status
    Active
    Lot size
    4.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Emilie Niekdam
    Emilie Niekdam

    Listing agent Emilie Niekdam

    Listing office RESOLUT RE - Austin

    Listing date Apr 24, 2025

    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 RESOLUT RE - Austin

    Overview

    Highway Frontage Land For Sale

    This property features over 200 feet of highway frontage and is situated conveniently between Manor and Elgin, Texas. It is located within Manor's ETJ. Water and electric utilities are available at the property line. According to the U.S. Census Bureau, Manor's population increased by 32.7 percent from April 2020 to July 2021.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Elgin
    County
    Bastrop
    State
    Texas
    Longitude
    -97.3703
    Latitude
    30.3497

    Nearby Similar for Sale

    • $699,000

      Elgin Ranch with Development Potential

      25+ acre ranch suitable for building, grazing, or development.
      4605 County Road 467, Elgin, TX 78621
      View Details
    • $389,900

      Elgin, TX: 10-Acre Unrestricted Land

      10-acre unrestricted property in Elgin, TX with water well.
      1035 Old Sayers, Elgin, TX 78621
      View Details
    • $2,100,000

      Prime Elgin Commercial Development Opportunity

      28.33 acres near Samsung plant, Austin, and major transport.
      257 Littig Road, Elgin, TX 78621
      View Details
    • $800,000
      5,618 SF

      Historic Elgin Mixed-Use Building

      Charming historic building in Elgin's Historic District with retail/office space.
      34 N Main Street, Elgin, TX 78621
      View Details
    • $699,000

      Elgin, TX Land Opportunity

      25+ acres with grazing potential near Elgin, Texas.
      4605 County Road 467, Elgin, TX 78621
      View Details
    • $45,000,000
      100,322 SF

      Three Oaks Mine Offices - Luminant

      80-acre property with offices, warehouse, and industrial infrastructure for sale.
      7207 - 3 Oaks Mine Offices - Luminant, Elgin, TX 78621
      View Details
    • $400,000

      Elgin Land with Mixed-Use Potential

      Versatile property in Elgin corridor, ideal for residential or commercial.
      296 Blisard Road, Unit C, Elgin, TX 78621
      View Details
    • $499,900

      Elgin, TX Land Opportunity

      1.82 acres, 14 lots, ideal for development.
      Madison, Block 9, Lot 1 thru 14, Elgin, TX 78621
      View Details
    • $2,500,000

      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
    • $75,000

      Cleared Lot Ready for Build

      Cleared .13-acre lot zoned MFR ready for development.
      600 Alley A Street lot: 12, Elgin, TX 78621
      View Details
    • $2,500,000

      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
    • $574,000

      Land For Sale in Elgin

      Land available east of Austin on Christensen Road.
      000 Christensen RD, Elgin, TX 78621
      View Details

    FAQs

    What type of property is this?
    Land - Land with highway frontage, conveniently located between Manor and Elgin.
    Where is this land located?
    The property is located at 16005 US-290 Elgin, TX.
    What is the asking price?
    The asking price for this property is $958,000.
    What are key features of this property?
    This property features: Over 200' of Highway Frontage; Waterline and Electric at property line; Located conveniently between Manor, TX & Elgin, TX
    (512) 474-5557 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Emilie Niekdam
    Emilie Niekdam
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!