Flex Space with Warehouse
1024 Us-377, Pilot Point, TX 76258
For Sale
$2,500,000
CommercialSale, Pilot Point, TX
Property Size9,200 SF
Lot Size0.78 Acres
Price / SF$271.74
Days on Market134
Property Features for 1024 Us-377
General Information
Property type
Property subtype
Zoning description
Parking features
Subdivision
Directions
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Keller Williams Realty
Listed By:
Benjamin Clark · License TX #0611947
(940) 484-9411
Added: Jun 30
Changed: Nov 9
Last Checked: Nov 10 at 5:06AM
MLS# 21292004
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.
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Investment Insights
Based on property information with market context.
This flex property comprises two connected buildings with office and warehouse areas arranged for direct workflow between the spaces. The office portion includes a reception or conference area, two private offices, and a half bath, while the warehouse offers multiple ground-level overhead doors, 13-foot ceilings, concrete flooring, natural light, and a second half bath. Central HVAC serves the office area, and on-site driveway parking supports employees, customers, and fleet vehicles.
The property occupies 0.78 acres along US 377 in Pilot Point, providing direct corridor exposure and access. Public water and sewer serve the site. Capital work completed in 2020 included a metal roof replacement, wall updates, office HVAC improvements, and electrical upgrades. Built in 1982, the property combines established construction with updated building systems for a range of commercial operations.
The property occupies 0.78 acres along US 377 in Pilot Point, providing direct corridor exposure and access. Public water and sewer serve the site. Capital work completed in 2020 included a metal roof replacement, wall updates, office HVAC improvements, and electrical upgrades. Built in 1982, the property combines established construction with updated building systems for a range of commercial operations.
Key Highlights
- Two connected buildings with integrated office, warehouse, and flex areas
- 0.78‑acre property along US 377 in Pilot Point
- Warehouse includes multiple ground‑level overhead doors and 13‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,926
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,558,520
$2.6M
Cap Rate 7%
$1,827,514
$1.8M
Cap Rate 9%
$1,421,400
$1.4M
Market Conditions
NOI Build-Up for 9,200 SF
Gross rent
$227.4K $24.72/SF
− Vacancy
−$56.9K −$6.18/SF
EGI
$170.6K $18.54/SF
− OpEx
−$42.6K −$4.64/SF
NOI
$127.9K $13.91/SF
Area
Denton County, TX
Vacancy
25.00%
Lease Rate
$24.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,558,520
Cap Rate 7%
$1,827,514
Cap Rate 9%
$1,421,400
Alternative Uses
Best Use
Office B
$1.83M
$1.60M – $2.13M
NOI $127,926 @ 7.0% cap · market cap 5.12%
Second Best
Warehouse
$819.1K
$716.8K – $955.7K
NOI $57,340 @ 7.0% cap · market cap 2.29%
Theoretical Best
Office A
$3.24M
$2.83M – $3.78M
NOI $226,541 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
13 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 76258, TX
7,409
Population
3,079
Households
2.4
Avg Household Size
41
Median Age
30%
College-Educated
82%
High-School Grad
90.3 sq mi
ZIP Area
82
Density / Sq Mi
$93,661
Median Household Income
$51,382
Median Earnings
$1,224
Median Rent
$320,200
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Denton County, TX
Properties on Market for Flex space in Denton County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Connected office and warehouse areas provide a practical layout for industrial, service, storage, or owner-user operations.
Where is this flex space located?
The property is located at 1024 Us-377 Pilot Point, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Two connected buildings with integrated office, warehouse, and flex areas; 0.78‑acre property along US 377 in Pilot Point; Warehouse includes multiple ground‑level overhead doors and 13‑foot ceilings
