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Property profile & analytics
OFF-MARKET
Land

174 Wilson Rd Elgin, TX 78621

12.92 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 12.92-acre property in Elgin, Texas, presents a unique opportunity for commercial or agricultural ventures. Located in Bastrop County (APN 99526), this ag-exempt land boasts no floodplain designation, offering peace of mind and development flexibility. The property includes two existing barn structures, a water well, and electricity, with sewer and cooperative water readily available. A tranquil pond nestled beneath mature oak trees provides shade for the expansive grazing pasture, ideal for cattle or horses. Existing infrastructure includes corrals, cattle pens, and chutes, enhancing its agricultural potential. Nine productive beehives are also included in the sale. Situated just minutes from Samsung in Taylor and approximately 30 minutes from Tesla, this location offers convenient access to major employers. The property's proximity to historic downtown Elgin (5 minutes) provides a blend of rural serenity and urban convenience. The asking price is $650,000. Built in 1980, this property has been on the market since May 30, 2024. The lot size is 562,882.32 square feet. Enjoy the tranquility of the countryside while benefiting from the strategic location near major employment centers. This unrestricted land is perfect for a rural homestead or commercial development.

Property profile
Verified
Property type Land
Lot 12.92 ac (562,882 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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