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

    196 Brinkley Ln Elgin, TX 78621

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,200,000

    40-acre property near Elgin, TX, ideal for various uses.

    Type:Farm and Ranch Properties
    Lot size:
    40.00 Acres
    Added:
    Apr 20, 2026
    Days on Market:
    8
    Last Refresh:
    Apr 20 at 9:23 pm

    Property Features for 196 Brinkley Ln

    General Information

    Standard status
    Active
    Lot size
    40.00 Acres
    Property subtype
    Farm and Ranch Properties

    We can help!

    Listing Contact
    Misty Hostottle
    Misty Hostottle

    Listing agent Misty Hostottle License #0705041

    Listing office Teifke Real Estate

    Listing date Apr 20, 2026

    Source Elliman

    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 Teifke Real Estate

    Overview

    Expansive Elgin Land Opportunity

    This 40-acre property is located on the outskirts of Elgin, Texas, offering a blend of open space and tree-dotted scenery along a wet-weather creek. The land has an agricultural exemption already in place, minimal floodplain, and no restrictions. It is suitable for a private ranch, weekend getaway, recreational retreat, hunting hideaway, or long-term investment. The property offers proximity to downtown Elgin’s shopping, dining, and entertainment. Water and electricity are available nearby, but not yet connected. A septic system will be needed. The location offers tranquility, versatility, and accessibility.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Kitchen & Bath Showroom Accounting Firm (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Bastrop
    State
    Texas
    Longitude
    -97.3080564
    Latitude
    30.3465372

    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
    • $1,200,000
      7,015 SF

      Versatile Elgin Property Near Downtown

      Adaptable 7,015 sq ft property suitable for various uses.
      416 Depot St, 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
    • $400,000

      Elgin Storage Unit Investment

      Two storage unit properties in booming Elgin, Texas.
      101 & 309 S Main St A, 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

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 40-acre property near Elgin, TX, ideal for various uses.
    Where is this agricultural land / farmland located?
    The property is located at 196 Brinkley Ln Elgin, TX.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Expansive 40‑acre property offers freedom and privacy.; Agricultural exemption in place provides potential tax benefits.; No restrictions allow for flexible use.
    (512) 905-2226
    We can help!
    Listing Contact
    Misty Hostottle
    Misty Hostottle
    Real Estate License ID: 0705041
    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!