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    Office Suite with Hwy 377 Frontage Title is generated by Realmo AI

    1013 S Highway 377, Pilot Point, TX 76258

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    For Lease
    $2,000/Mo $16 SF/Yr (calc)

    COMMERCIAL - Pilot Point, TX

    Type:Office
    Property size:
    1,500 SF
    Lot size:
    0.43 Acres
    Added:
    May 28, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 3 at 11:06 pm

    Property Features for 1013 S Highway 377

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    Driveway, Parking Lot, Open
    Standard status
    Active
    APN
    R132076
    Lot size
    0.43 Acres

    Taxes and HOA fees

    Tax Description
    WALTER RAY ADDN SEC 2 BLK 1 LOT 13

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1994
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Vinyl
    Building materials
    Concrete
    Roof type
    Shingle, Asphalt

    We can help!

    Listing Contact
    Nandha Swaminathan

    Listing agent Nandha Swaminathan License #0730706

    Listing office Rocket Engine Realty LLC Flower Mound, TX

    Listing date May 28, 2026

    MLS# 21106702

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1500 SF office suite (Suite B), south side of the building, with a reception counter and kitchen
    • Includes two open office spaces plus five additional separate offices and a storage area
    • Two restrooms in Suite B
    • Hwy 377 frontage location with a road front sign available
    • Backyard space available for additional storage or warehouse needs
    • 1994‑built building with concrete construction, vinyl flooring, central electric heating, and central air

    Overview

    Suite B is an office space available for lease with a welcoming reception counter, a kitchen, two open office spaces, a storage area, five additional separate office spaces, and two restrooms. The layout is set up to work as a complete suite or, if needed, individual office spaces within the suite can be leased. An additional open backyard area is also available for lease, providing practical flexibility for extra storage or warehouse-type needs.

    The property is positioned on Hwy 377 frontage in Pilot Point, TX, offering visible presence for tenants seeking convenient, road-facing access. A road front sign is available for additional visibility.

    This configuration is well suited for professional services seeking organized, private offices alongside reception and support space, as well as for medical office use and other similar office-oriented concepts. With the ability to lease the suite as a whole or break it into smaller office segments, the space can fit both established teams and growing practices looking for room to scale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Pharmacy Gym & Fitness Center Hotel & Motel Auto Parts Store Kitchen & Bath Showroom Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pilot Point
    County
    Denton
    State
    Texas
    Longitude
    -96.955119
    Latitude
    33.386181

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    FAQs

    What type of property is this?
    Office units - Suite B offers a reception area, multiple offices, and restrooms, with option to lease whole or select spaces.
    Where is this office units located?
    The property is located at 1013 S Highway 377 Pilot Point, TX.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: 1500 SF office suite (Suite B), south side of the building, with a reception counter and kitchen; Includes two open office spaces plus five additional separate offices and a storage area; Two restrooms in Suite B
    (214) 764-1700
    We can help!
    Listing Contact
    Nandha Swaminathan
    Real Estate License ID: 0730706
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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