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$380,936

NAL Estimated Property Value

16023 Highway 290 E, Elgin, TX, 78621

Off MarketInfo
Baths0 Bath
Baths982 Sq Ft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size4.88 acres

Building Information

Year Built2008
Stories1
Roof Type105

Land Information

APN02399101030000
Lot Number16
SubdivisionBluebonnet Park
Land UseCommercial
Legal DescriptionLOT 16 BLUEBONNET PARK
Census Tract002217
Assessed Land Value$850,117
Assessed Improvement Value$150,265
Assessment Year2025

About this property

Located in an "Opportunity Zone" Excellent opportunity to develop for commercial use. Property was recently annexed by City of Manor and potential uses include self storage, Boat RV Storage, Plant Nursery, Retail, Industrial/Warehouse, etc. Per City of Manor, wastewater to be installed to the property in 2024 at the latest. Current utilities include water, electric and the main structure has a Septic System. 3 buildings also convey included a very large detached carport, a large enclosed workshop and a large fully heated/cooled structure. Several residential developments in process and coming in the near future immediately west and also east of property. Main structure is in good shape and a has fully and recently updated bathroom.

Investor Tools

Property Icon
$380,936
Estimated Property Value
$584,159Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,200 /month
Positive
Cash Flow Estimate:
$2,400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$557/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,785
$380,936
2025
$850,117
$150,265
$1,000,382
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,785
$380,936

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Anthem Bank & Trust
Purchase Money Mortgage
$633,750
No
First
Feb 25, 2022
Feb 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$584,159
N/A
0%
153%
$3,800/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Elgin

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16023 Highway 290 E | Property Details | No Agent List