Historic Commercial Property in Pilot
111 E Liberty Street Pilot Point, TX 76258
111 E Liberty Street, Pilot Point, TX, 76258
$1,350,000
For Sale
$1,350,000
Landmark property in historic downtown Pilot Point, suitable for redevelopment.
Property Size9,444 SF
Price / SF$142.95
Days on Market91
Property Features for 111 E Liberty Street
General Information
- Standard status
- Active
- Size
- 9,444 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1986
Listing agency
Keller Williams Realty
(940) 484-9411
Listed by
Benjamin Clark · License #0611947
(940) 320-9181
Source
Signaturere
Added: Apr 22 Updated: Jul 10 at 1:18PM Checked: Jul 20 at 4:59AM
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.
Located in the heart of historic downtown Pilot Point, the property at 111 E. Liberty Street presents an opportunity to own a landmark commercial space. This site, formerly Sturm Welding, served the North Texas agricultural and ranching community for decades. The property benefits from strong visibility and steady traffic, positioned just off Hwy 377 and steps from the downtown square. The 9,444 square foot property is surrounded by established businesses and ongoing revitalization. This location is suitable for retail, office, workshop, or mixed-use redevelopment. The property stands as a cornerstone ready for its next chapter in Pilot Point's growing commercial landscape.
Key Highlights
- Prime downtown location in historic Pilot Point, steps from the square and Hwy 377.
- Strong visibility and steady traffic flow.
- Suitable for retail, office, workshop, or mixed‑use redevelopment.
Local Financial Insights For Industrial
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 | $75.9k | $8.04 |
| − Vacancy | −$6.7k | −$0.71 |
| EGI | $69.2k | $7.33 |
| − OpEx | −$20.8k | −$2.20 |
| NOI | $48.5k | $5.13 |
9,444 SF · lease $8.04/SF/yr · vacancy 8.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.24M
$1.96M – $2.61M
NOI $156,755 @ 7.0% cap · market cap 11.61%
Second Best
Office B
$1.88M
$1.64M – $2.19M
NOI $131,319 @ 7.0% cap · market cap 9.73%
Theoretical Best
Multifamily LT 5
$132.07M
$115.56M – $154.08M
NOI $9,244,824 @ 7.0% cap · market cap 684.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sturm Welding
Metal Fabrication Plant
Similar For Sale Nearby
Similar Off Market Nearby
- Coco Fleur Events — 311 W Broad St, Pilot Point, TX 76258
FAQs
What type of property is this?
Storefront property - Landmark property in historic downtown Pilot Point, suitable for redevelopment.
Where is this storefront property located?
The property is located at 111 E Liberty Street Pilot Point, TX.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Prime downtown location in historic Pilot Point, steps from the square and Hwy 377.; Strong visibility and steady traffic flow.; Suitable for retail, office, workshop, or mixed‑use redevelopment.
