Historic Retail
For Sale
$1,179,000
115 S Jefferson St, Pilot Point, TX 76258
Two-story commercial space offers original wood floors, exposed brick, rear storage, and two bathrooms.
Property Size3,125 SF
Price / SF$377.28
Days on Market50
Property Features for 115 S Jefferson St
General Information
Standard status
Active
Size
3,125 SF
Additional Details
Corner Location
Yes
Amenities
large custom windows
original wood floors
weathered brick walls
storage room
two bathrooms
balcony
Building Details
Year Built
1894
Buildings
1
Construction
brick and plaster
Listing Agency:
Crawford and Company, REALTORS
Listed By:
Kristine Crawford · License #0659319
(972) 816-7436
Source:
Yourdavisteam
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 7 at 4:49PM
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 Crawford and Company, REALTORS
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Investment Insights
Based on property information with market context.
Built in 1894, this 3,125-square-foot storefront occupies the corner of Jefferson and Liberty on Pilot Point Town Square. The building includes a brick-and-plaster exterior, large display windows, original wood flooring, and weathered brick interior walls. A rear storage room connects to a side-street entry and exit, providing a dedicated point for loading and unloading.
The main level offers substantial open space for retail, dining, or another commercial operation. Two bathrooms are located within the building. Additional upstairs area includes an overlooking balcony and can be enclosed or incorporated into the business layout. The property is at 115 S Jefferson St, with 109 S Jefferson available three doors to the north.
The main level offers substantial open space for retail, dining, or another commercial operation. Two bathrooms are located within the building. Additional upstairs area includes an overlooking balcony and can be enclosed or incorporated into the business layout. The property is at 115 S Jefferson St, with 109 S Jefferson available three doors to the north.
Key Highlights
- 3,125‑square‑foot storefront built in 1894
- Corner position at Jefferson and Liberty on Pilot Point Town Square
- Brick‑and‑plaster facade with large display windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,870
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,037,400
$1.0M
Cap Rate 7%
$741,000
$741.0K
Cap Rate 9%
$576,333
$576.3K
Market Conditions
NOI Build-Up for 3,125 SF
Gross rent
$78.0K $24.96/SF
− Vacancy
−$3.9K −$1.25/SF
EGI
$74.1K $23.71/SF
− OpEx
−$22.2K −$7.11/SF
NOI
$51.9K $16.60/SF
Area
Denton County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,037,400
Cap Rate 7%
$741,000
Cap Rate 9%
$576,333
Alternative Uses
Best Use
Retail
$741.0K
$648.4K – $864.5K
NOI $51,870 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$43.70M
$38.24M – $50.98M
NOI $3,059,093 @ 7.0% cap · market cap 259.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Under-served
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
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Coco Fleur Events — 311 W Broad St, Pilot Point, TX 76258
Frequently Asked Questions
What type of property is this?
Storefront property - Two-story commercial space offers original wood floors, exposed brick, rear storage, and two bathrooms.
Where is this storefront property located?
The property is located at 115 S Jefferson St Pilot Point, TX.
What is the asking price?
The asking price for this property is $1,179,000.
What are key features of this property?
This property features: 3,125‑square‑foot storefront built in 1894; Corner position at Jefferson and Liberty on Pilot Point Town Square; Brick‑and‑plaster facade with large display windows
