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$361,965

605 Highway 290 Highway E, Elgin, TX, 78621

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths20,807 Sq Ft
price_per_sqft$26.43 / sqft
Year BuiltBuilt in 1968

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringConcrete, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size34,804 sqft

Building Information

Stories1

Land Information

APNR12618
Lot Number9-FR
SubdivisionS7780 - Smith, H B
Land UseCommercial
Legal DescriptionSMITH, H. B., LOT 9 - FR, ACRES 0.799
Census Tract950202
Assessed Land Value$351,560
Assessed Improvement Value$10,405
Assessment Year2025

About this property

Wonderful Opportunity. Prime Location, terrific traffic counts daily! Tremendous counts on weekends. Daily average in 2010 was 29,000 This commercial location and building is ready for many uses, no existing leases or occupants. Ideas of use:Day Clinic, Minor Emergency, or other Health Related Use. Mini Mall for a Variety of Shops, Heated and Air conditioned storage, Training Center, Youth Center, General Office Space, Freight Storage Hub,it will work for just about any commercial Use you have a need for.FEMA - Unknown Restrictions: Yes

Investor Tools

Property Icon
$361,965
Estimated Property Value
$0Estimated Mortgage Balance
$361,965Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,300 /month
Positive
Cash Flow Estimate:
$1,100 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$874/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,678
$361,965
2025
$351,560
$10,405
$361,965
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,678
$361,965

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$361,965
100%
0%
$0/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.

Explore Texas Explore This Area
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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605 Highway 290 Highway E | Property Details | No Agent List