Elgin Office and Industrial
7207 - 3 Oaks Mine Offices - Luminant, Elgin, TX 78621
7207 FM 696, Elgin, TX 78621
Property size:
100,322 SFLot size:
80.00 AcresPrice / SF:
$448/SF- Added:
- Jan 7, 2026
- Days on Market:
- 144
- Last Refresh:
- Mar 16 at 9:06 am
Property Features for 7207 - 3 Oaks Mine Offices - Luminant
General Information
- Standard status
- Active
- Property type
- Manufacturing properties, Warehouses, Other office properties, Industrial properties, Office Spaces
- Size
- 100,322 SF
- Lot size
- 80.00 Acres
Listing agent Jeffrey License #617990 (512) 963-3926
Listing office Keller Williams Realty Austin (512) 963-3926
Listing date Jan 7, 2026
HighLights
- Primary office building (with multiple offices, conference rooms, open workspace, break areas, locker rooms), a separate versatile secondary building, and a large warehouse component.
- Security gate, outdoor lighting for 24‑hour operations, industrial equipment, lay‑down yard, dedicated fuel station and equipment wash facility, and a communication/cell tower.
- Served by water, sewer, electric, natural gas and high‑speed telecom infrastructure.
Overview
Located at 7207 Farm to Market 696 in Elgin, TX, the former Three Oaks Mine Offices are available for purchase. The property spans approximately 80 acres, with additional acreage potentially available. It features three buildings, a security gate, and industrial machinery. Constructed in the late 2000s, the facilities were actively used until August 2023 and are presently utilized intermittently, with limited reclamation activities in progress. Annual Equipment Certifications are up-to-date, and mandatory inspections and maintenance are kept current. The primary office building is semi-furnished and includes multiple offices, conference rooms, open work spaces, break areas, and locker rooms. A separate building offers versatile functional uses, and a spacious warehouse is available for equipment storage. Property highlights include outdoor lighting for 24-hour operational needs, a fuel station, a large equipment wash facility, a laydown yard, and a communication/cell tower. The property is served by water, sewer, electric, natural gas, and high-speed telecom infrastructure. This property presents an investment opportunity for companies seeking office and industrial space in a growing area.
Local Financial Insights For Office B
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 | $4.21M | $42.00 |
| − Vacancy | −$1.02M | −$10.21 |
| EGI | $3.19M | $31.79 |
| − OpEx | −$797.4k | −$7.95 |
| NOI | $2.39M | $23.85 |
100,322 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$34.17M
$29.90M – $39.87M
NOI $2,392,228 @ 7.0% cap · market cap 5.32%
Second Best
Warehouse
$14.43M
$12.63M – $16.83M
NOI $1,010,023 @ 7.0% cap · market cap 2.24%
Theoretical Best
Office A
$39.31M
$34.40M – $45.86M
NOI $2,751,898 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Manufacturing properties
Map
- City
- Elgin
- County
- Bastrop
- State
- Texas
- Longitude
- -97.3874
- Latitude
- 30.2988
Nearby Similar for Sale
FAQs
What type of property is this?
Manufacturing property - 7207 FM 696, Elgin, TX 78621
Where is this manufacturing property located?
The property is located at 7207 - 3 Oaks Mine Offices - Luminant Elgin, TX.
What is the asking price?
The asking price for this property is $45,000,000.
What are key features of this property?
This property features: Primary office building (with multiple offices, conference rooms, open workspace, break areas, locker rooms), a separate versatile secondary building, and a large warehouse component.; Security gate, outdoor lighting for 24‑hour operations, industrial equipment, lay‑down yard, dedicated fuel station and equipment wash facility, and a communication/cell tower.; Served by water, sewer, electric, natural gas and high‑speed telecom infrastructure.
