Industrial Flex Warehouse with
1024 Us-377 #A Pilot Point, TX 76258
New
For Sale
$2,500,000
Two connected buildings include office space and a warehouse with multiple ground-level overhead doors.
Property Size9,200 SF
Price / SF$271.74
Days on Market3
Property Features for 1024 Us-377 #A
General Information
- Standard status
- Active
- Size
- 9,200 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1982
Listing Agency:
Keller Williams Realty
(940) 320-9181
Listed By:
Benjamin Clark · License #0611947
(940) 320-9181
Source:
Fullhouserealtytx
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 23 at 6:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
Investment Insights
Based on property information with market context.
This industrial flex property includes approximately 9,200 square feet of warehouse, office, and flex space across two connected buildings. The front office area is set up with a reception or conference room, two private offices, and a half bath with direct access into the warehouse. The warehouse portion features multiple ground-level overhead doors, abundant natural light, a second half bath, and 13-foot ceilings, supported by ample onsite parking for employees, customers, and fleet vehicles.
The property is positioned directly on US-377 for high-visibility access. Major capital improvements were completed in 2020, including a new roof, updated walls, an HVAC system for the office area, and upgraded electrical systems.
Configured for manufacturing, distribution, service operations, storage, or owner-occupant use, the layout supports a connected workflow between office functions and warehouse operations.
The property is positioned directly on US-377 for high-visibility access. Major capital improvements were completed in 2020, including a new roof, updated walls, an HVAC system for the office area, and upgraded electrical systems.
Configured for manufacturing, distribution, service operations, storage, or owner-occupant use, the layout supports a connected workflow between office functions and warehouse operations.
Key Highlights
- Approximately 9,200 SF industrial space with warehouse, office, and flex use in two connected buildings
- Office includes reception or conference room, two private offices, and a half bath with direct warehouse access
- Warehouse features multiple ground‑level overhead doors, 13‑foot ceilings, abundant natural light, and a second half bath
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $227.4k | $24.72 |
| − Vacancy | −$56.9k | −$6.18 |
| EGI | $170.6k | $18.54 |
| − OpEx | −$42.6k | −$4.64 |
| NOI | $127.9k | $13.91 |
9,200 SF · lease $24.72/SF/yr · vacancy 25.00% · expense 25.00%
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
Multifamily LT 5
$128.66M
$112.57M – $150.10M
NOI $9,005,970 @ 7.0% cap · market cap 360.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Two connected buildings include office space and a warehouse with multiple ground-level overhead doors.
Where is this flex space located?
The property is located at 1024 Us-377 #A 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: Approximately 9,200 SF industrial space with warehouse, office, and flex use in two connected buildings; Office includes reception or conference room, two private offices, and a half bath with direct warehouse access; Warehouse features multiple ground‑level overhead doors, 13‑foot ceilings, abundant natural light, and a second half bath
