24 N MAIN ST Elgin, TX 78621
Fully leased mixed-use property in Elgin's historic downtown.
Property Features for 24 N MAIN ST
General Information
- Standard status
- Active
- Size
- 2,314 SF
- Property subtype
- Retail, Mixed Use
Building Details
- Year Built
- 1935
Listing office Jacki Short Realtor (210) 480-6115
Listing date May 26, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Jacki Short Realtor
Investment Insights
Based on property information with market context.
Key Highlights
- Fully leased mixed‑use property in Historic Downtown Elgin, providing stable income.
- Renovated in 2016 with system upgrades and a new roof installed in October 2021, minimizing maintenance.
- Excellent location on North Main Street with high visibility and walkability, surrounded by amenities.
Local Financial Insights For Retail
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 | $60.3k | $26.04 |
| − Vacancy | −$2.0k | −$0.89 |
| EGI | $58.2k | $25.15 |
| − OpEx | −$17.5k | −$7.55 |
| NOI | $40.7k | $17.61 |
