15820 County Line Rd Elgin, TX 78621
This exceptional 15.04-acre farm presents a unique investment opportunity in the rapidly growing Elgin, Texas area. Located just 2.9 miles from Highway 290, this property boasts 600 feet of road frontage and benefits from its location within the Elgin ETJ (Extra Territorial Jurisdiction). The land is characterized by flat, even terrain, making it ideal for various development projects. Utilities including water, phone, and electricity are readily available. The property's strategic position is further enhanced by its proximity to over 1,800 existing homes and a planned 400+ acre commercial development. Its location offers easy access to major employers such as the new Samsung facility in Taylor (minutes away) and Tesla (approximately 30 minutes away). The absence of restrictive covenants and the presence of an existing agricultural exemption add to its appeal. Furthermore, the property is situated outside of any flood plain, minimizing risk. This ready-to-develop land is perfect for investors, builders, or developers seeking to capitalize on the booming Austin-area market, with potential uses including residential subdivisions, apartments, commercial ventures, or warehousing.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.