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    7207 Fm 696 Elgin, TX 78621

    For Sale
    Contact for pricing

    80-acre Manufacturing/Warehouse

    Property size:
    100,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 100,000-square-foot industrial complex in Elgin, Texas, presents a unique investment opportunity. Situated on an expansive 80-acre lot (APN 15126), this single-story property (built in 1981) features three buildings. The main building offers a fully functional office space, complete with multiple offices, conference rooms, open work areas, break rooms, and locker rooms. A second building provides versatile space adaptable to various needs, while a substantial warehouse offers ample storage. The property includes a security gate and existing industrial machinery. Located at 7207 FM 696, Elgin, TX 78621, this property benefits from its strategic location, providing easy access to major transportation routes and local amenities. While mining operations have concluded, limited reclamation is underway, ensuring compliance with all relevant regulations. The property's size and existing infrastructure make it ideal for manufacturing, distribution, or a variety of industrial uses. There is potential for expansion with the possibility of acquiring additional acreage. This well-maintained property is ready for immediate occupancy and represents a significant opportunity in the thriving Texas industrial market. The property's zip code is 78621 and it is located in Lee County.

    Property Features for 7207 Fm 696

    General Information

    Property type
    Distribution properties
    Square Feet
    100,000 SF
    Lot Size
    3,484,800 SF

    Building Details

    Year Built
    1981
    Stories
    1

    HighLights

    • 100,000 SF industrial building, manufacturing/warehouse subtype, located in Elgin, TX.
    • Single‑story building constructed in 1981, situated on an 80‑acre lot.
    • Property features three buildings, security gate, and industrial machinery.
    • Located at 7207 FM 696, Elgin, TX 78621, APN 15126.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Elgin
    County
    Lee
    State
    Texas
    Longitude
    -97.257288
    Latitude
    30.373143

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    FAQs

    What type of property is this?
    Distribution property - 80-acre Manufacturing/Warehouse
    Where is this distribution property located?
    The property is located at 7207 Fm 696 Elgin, TX.
    What are key features of this property?
    This property features: 100,000 SF industrial building, manufacturing/warehouse subtype, located in Elgin, TX.; Single-story building constructed in 1981, situated on an 80-acre lot.; Property features three buildings, security gate, and industrial machinery.
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    Realmo Value Estimation

    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.

    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.

    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
    7207 Fm 696 Elgin, TX 78621
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