1300 Co Rd Elgin, TX 78621
This exceptional 29.59-acre unrestricted commercial property in Elgin, Texas, presents a remarkable investment opportunity. Located at 1300 Co Rd 461, Bastrop County, zip code 78621, this expansive land parcel boasts a desirable blend of open fields and mature trees, offering both privacy and scenic beauty. The property is conveniently situated near Samsung and enjoys easy access to major highways, providing seamless connectivity to Elgin's amenities while maintaining a tranquil atmosphere. Importantly, this land is outside the floodplain. Currently featuring three separate dwellings, the property's versatility is unparalleled. The absence of restrictions unlocks a wide range of development possibilities, including residential subdivisions, RV parks, event venues, or agricultural ventures. All essential utilities are already in place, simplifying development plans and minimizing upfront costs. The asking price is $940,000. This property offers stunning views and presents a compelling investment opportunity for discerning buyers seeking significant development potential in a prime Texas location. The APN is 15084.
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
Similar Nearby for Sale
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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.