581 Highway 95 Highway S
About This Property
The home sits on approximately 2.5 acres, offering usable land with frontage, flexibility, and space that's getting harder to find this close to town.
The workshop/outbuilding (30' x 40') is a major value-add. It's ideal for tools, storage, hobbies, or a small business setup, especially with the highway access. An oversized carport designed to fit two full-size trucks, ideal for daily drivers, work vehicles, or equipment access. This property makes sense for someone who needs land that actually works.
The house itself is solid and functional, but the real win here is the combination of location, acreage, and utility. Properties like this don't come up often with land, access, and a workshop, all in one place, close to town.
If you want space, visibility, and flexibility, this one checks those boxes.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 29, 2026 | In contract | - | |
| In contract | |||
| May 10, 2026 | Listed by All City Real Estate Ltd. Co | $479,000 | |
| Listed by All City Real Estate Ltd. Co | |||
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This property offers a strong mix of residential use and business potential, sitting directly on Highway 95 with excellent frontage, traffic count, and visibility.
Located just minutes from Elgin and Bastrop, the property gives you quick access north toward Taylor, west toward Austin, and south toward Bastrop. Whether someone wants to live here, operate a business, or do both, the location gives them flexibility that is hard to find.
The property sits on approximately 2.5 acres, offering usable land, highway frontage, and room for equipment, vehicles, storage, or future business needs. Because the property is zoned for business use, it opens the door for an owner-operator, contractor, service-based business, tradesman, or anyone who needs visibility and space without giving up the ability to live on-site.
The 30’ x 40’ workshop/outbuilding is a major value-add. It creates immediate utility for tools, inventory, equipment, storage, hobbies, or a small business setup. The oversized carport is designed to fit two full-size trucks, making it ideal for work vehicles, trailers, or daily drivers.
The home itself is solid and functional, but the real value is in the overall package: Highway 95 frontage, business zoning, usable acreage, a large workshop, and easy access between Elgin, Bastrop, Taylor, and Austin.
For someone looking for a property that offers space, visibility, and real utility, this one checks a lot of boxes.
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| Feb 19, 2026 | Price Decreased |
$489,000
↓ $10K
(2%) | |
| Price Decreased | |||
| Jan 27, 2026 | Listed by All City Real Estate Ltd. Co | $499,000 | |
| Listed by All City Real Estate Ltd. Co | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017