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    Farmhouse on Fenced Acreage Title is generated by Realmo AI

    763 Upper Elgin River Road, Elgin, TX 78621

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    Claim this Listing
    New
    For Sale
    $800,000

    COMMERCIAL - Elgin, TX

    Property size:
    2,100 SF
    Lot size:
    19.00 Acres
    Price / SF:
    $380/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 10:06 am

    Property Features for 763 Upper Elgin River Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Carport
    Standard status
    Active
    APN
    54481
    Size
    2,100 SF
    Lot size
    19.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    A60 STANDIFER, JAMES, ACRES 18.998
    Tax Annual Amount
    7040

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1940
    Floors in Building
    2

    We can help!

    Listing Contact
    Kaylee Sutton
    Kaylee Sutton

    Listing agent Kaylee Sutton License #0700093

    Listing office Land Unlimited 115A N Commerce St, Lockhart, TX

    Listing date Jun 4, 2026

    MLS# 614570

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Just under 19 acres in Elgin, TX with mature trees, fencing, and a large pond
    • Charming white farmhouse built in 1940 with 4 bedrooms and 2 bathrooms
    • Central heating and central air, plus carport parking
    • Septic tank sewer system
    • Land is set up for country use with cattle, horses, or other livestock
    • No floodplain reported and no restrictions, with flexibility to build additional homes

    Overview

    This sale includes a charming white farmhouse on approximately 19 acres, offering 4 bedrooms and 2 bathrooms. The property is improved with mature trees, a large pond, and fencing in place, supporting country living and practical use for cattle, horses, or other livestock. According to the remarks, there are no restrictions, giving the owner flexibility to build additional homes or create a family compound on the tract. The property is also described as having no floodplain, which is intended to enhance day-to-day usability of the land.

    The acreage is located in Elgin, Texas, with convenient access to Elgin and Bastrop. The property is described as being less than 30 minutes from Austin, placing it within reach of nearby services while maintaining a rural setting.

    For buyers looking for a homestead, recreational property, or a future land-development approach, the combination of an existing residence and a sizable, fenced parcel is a straightforward fit. The presence of the pond and mature tree cover adds functional outdoor space, while the no-restrictions statement and buildable flexibility make the property worth considering for owners who want more options than a typical single-home tract. The “subdivision potential” is mentioned in the remarks as a possible use path, subject to the buyer’s due diligence and applicable requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Elgin
    County
    Bastrop
    State
    Texas
    Longitude
    -97.3874
    Latitude
    30.2988

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    FAQs

    What type of property is this?
    Single family property - Nearly 19-acre property with a farmhouse, pond, and fencing, positioned for livestock and flexible on-site building options.
    Where is this single family property located?
    The property is located at 763 Upper Elgin River Road Elgin, TX.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: Just under 19 acres in Elgin, TX with mature trees, fencing, and a large pond; Charming white farmhouse built in 1940 with 4 bedrooms and 2 bathrooms; Central heating and central air, plus carport parking
    (512) 470-4237
    We can help!
    Listing Contact
    Kaylee Sutton
    Kaylee Sutton
    Real Estate License ID: 0700093
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    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.

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    763 Upper Elgin River Road, Elgin, TX 78621
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