Flex Space with Warehouse
For Sale
$2,500,000
1024 Us-377 Unit A, Pilot Point, TX 76258
Connected office and warehouse buildings provide a functional layout for varied commercial operations.
Property Size9,200 SF
Price / SF$271.74
Days on Market183
Property Features for 1024 Us-377 Unit A
General Information
Standard status
Active
Size
9,200 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Clear Height
13 ft
Amenities
reception or conference room
multiple ground level overhead doors
abundant natural light
13 foot ceilings
Building Details
Year Built
1982
Year Renovated
2020
Buildings
2
Listing Agency:
Keller Williams Realty
Listed By:
Benjamin Clark (940) 391-3534,(940) 391-3534 · License #0611947
(940) 484-9411
Source:
Realestatestation
Added: Apr 14
Changed: Oct 1
Last Checked: Oct 12 at 7:59PM
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 flex space property includes approximately 9,200 square feet across two connected buildings. The office component has a reception or conference room, two private offices, a half bath, and direct warehouse access. Warehouse features include multiple ground-level overhead doors, natural light, 13-foot ceilings, a second half bath, and on-site parking for employees, customers, and fleet vehicles.
Capital improvements completed in 2020 included a new roof, updated walls, an office HVAC system, and upgraded electrical systems. The property is positioned along US 377 in Pilot Point, Texas, with direct corridor access and an address at 1024 US-377 Unit A.
Capital improvements completed in 2020 included a new roof, updated walls, an office HVAC system, and upgraded electrical systems. The property is positioned along US 377 in Pilot Point, Texas, with direct corridor access and an address at 1024 US-377 Unit A.
Key Highlights
- Approximately 9,200 square feet across two connected buildings
- Office area includes reception or conference room, two private offices, and a half bath
- 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
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 authorities.
How Realmo checks its estimates
Property Analytics
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
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Connected office and warehouse buildings provide a functional layout for varied commercial operations.
Where is this flex space located?
The property is located at 1024 Us-377 Unit 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 square feet across two connected buildings; Office area includes reception or conference room, two private offices, and a half bath; Warehouse includes multiple ground‑level overhead doors and 13‑foot ceilings
