Elgin, TX
Commercial Real Estate Market Trends & Data

$262 Avg asking sale price
$18 Avg asking lease rate
16,529 SF Avg unit lease size
23,235 SF Avg building size for sale
7.23% Average cap rate

Elgin's Demographic Profile

Elgin has 4,048 households and a median income of $76,332, providing context for rent absorption and tenant demand across retail and multifamily assets. A +21% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 12,051
# Households 4,048
Median age 35
Median household income $76,332
Avg household size 3.0
Renter-occupied housing units 1,300
5-year population change +21%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Elgin, TX

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Elgin $130 13,054 SF
Bastrop $271 17,459 SF
Pflugerville $518 8,358 SF
Lexington $47 3,200 SF
Del Valle $2,321 4,650 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Pflugerville $7 146,678 SF 3.64%
Round Rock $137 54,671 SF 3.64%
Austin $319 51,975 SF 9.52%

Commercial Properties For Sale in Elgin

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Elgin Development Land

Elgin, TX 78621

  • 12.07 AC Lot
  • 1 Commercial Lot
  • $900,000
For Sale

1389 U.S. 290 E

Elgin, TX 78621

  • 10.75 AC Lot
  • 1 Commercial Lot
  • $1,900,000
For Sale

30 N Main St

Elgin, TX 78621

  • 5,300 SF Retail Building
  • 8.21% Cap Rate
  • $689,750
For Sale

313 N Main St

Elgin, TX 78621

  • 2,050 SF Retail Building
  • $500,000
For Sale

15216 FM 1100

Elgin, TX 78621

  • 25 AC Lot
  • 1 Commercial Lot
  • $2,300,000
For Sale

12500 County Line Rd

Elgin, TX 78621

  • 50 AC Lot
  • 1 Commercial Lot
  • $4,000,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Internal Rate of Return (IRR) Calculator
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Understanding the Nuances of Ground and Land Leases
Master Lease Strategies
Master Lease Strategies
Maximizing Control and Income with Flexible Leasing Solutions
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How to Find Industrial Tenants for Your Property
A practical guide to finding qualified industrial tenants, from building your tenant profile to tenant screening and closing the lease.
Bonus Depreciation
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A practical guide to using bonus depreciation to reduce tax liability, improve cash flow, and plan property improvements with timing strategies in mind.
Accelerated Depreciation in Commercial Real Estate
Accelerated Depreciation in Commercial Real Estate
Understand how accelerated depreciation works, which method fits your deal, and how to avoid the tax pitfalls that catch most investors off guard.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Elgin pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Elgin $262 23,235 SF
Coupland $116 21,200 SF
Manor $304 11,002 SF

Regional Demographic Comparison

This comparison places Elgin alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Elgin or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Elgin 12,051 4,048 35 $76,332 3 1,300 21%
Mcdade 659 233 38 $69,374 3 51 16%
Coupland 262 93 42 $89,772 3 13 25%
Webberville 382 129 38 $72,083 3 21 15%
Manor 17,445 5,460 35 $89,550 3 741 13%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Elgin, TX and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Elgin

View All Commercial Real Estate For Sale in Elgin
Is Elgin a good market for a first-time commercial real estate investor?

Elgin offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Elgin?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Elgin. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Elgin?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Elgin. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Elgin compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Elgin. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Elgin acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Elgin, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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