Electrical property tomography (EPT) is a noninvasive method that uses magnetic resonance imaging (MRI) to estimate the conductivity and permittivity of tissues, and hence, can be used as a biomarker. One branch of EPT is based on the correlation of water and relaxation time T1 with the conductivity and permittivity of tissues. This correlation was applied to a curve-fitting function to estimate electrical properties, it was found to have a high correlation between permittivity and T1 however the computation of conductivity based on T1 requires to estimate the water content. In this study, we developed multiple phantoms with several ingredients that modify the conductivity and permittivity and explored the use of machine learning algorithms to have a direct estimation of conductivity and permittivity based on MR images and the relaxation time T1. To train the algorithms, each phantom was measured using a dielectric measurement device to acquire the true conductivity and permittivity. MR images were taken for each phantom, and the T1 values were measured. Then, the acquired data were tested using curve fitting, regression learning, and neural fit models to estimate the conductivity and permittivity values based on the T1 values. In particular, the regression learning algorithm based on Gaussian process regression showed high accuracy with a coefficient of determination R2of 0.96 and 0.99 for permittivity and conductivity, respectively. The estimation of permittivity using regression learning demonstrated a lower mean error of 0.66% compared to the curve fitting method, which resulted in a mean error of 3.6%. The estimation of conductivity also showed that the regression learning approach had a lower mean error of 0.49%, whereas the curve fitting method resulted in a mean error of 6%. The findings suggest that utilizing regression learning models, specifically Gaussian process regression, can result in more accurate estimations for both permittivity and conductivity compared to other methods.