Historic Storefront with Upstairs
For Sale
$1,179,000
115 S Jefferson Street, Pilot Point, TX 76258
Brick-and-plaster commercial building with original wood floors, two bathrooms, storage, and access from the side street.
Property Size3,125 SF
Price / SF$377.28
Days on Market23
Property Features for 115 S Jefferson Street
General Information
Standard status
Active
Size
3,125 SF
Property subtype
Commercial
Zoning
Commercial
Site & Location
Corner Location
Yes
Road Access
Yes
Amenities
large custom windows
original wood floors
weathered brick walls
storage room
two bathrooms
upstairs space
balcony
Building Details
Building Size
3,125 SF
Year Built
1894
Buildings
1
Stories
3
Units
1
Construction
brick
Listing Agency:
Crawford and Company, REALTORS
(972) 816-7436
Listed By:
Kristine Crawford · License #0659319
(972) 816-7436
Source:
Cuddrealtyinc
Added: Aug 6
Changed: Aug 28
Last Checked: Aug 28 at 11:29AM
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
Investment Insights
Based on property information with market context.
This 3,125-square-foot storefront property was built in 1894 and occupies a corner position on Pilot Point Town Square at Jefferson and Liberty. The building presents a brick-and-plaster exterior with large custom windows, while the interior includes original wood flooring and exposed, weathered brick walls. The layout provides substantial retail or commercial space along with a rear storage room.
A side-street entry and exit support loading and unloading, and the building includes two bathrooms. Additional space is available on the upper level, where the existing balcony overlooks the floor below. The property is located at 115 S Jefferson St in Pilot Point, Texas, within the historic town-square setting.
A side-street entry and exit support loading and unloading, and the building includes two bathrooms. Additional space is available on the upper level, where the existing balcony overlooks the floor below. The property is located at 115 S Jefferson St in Pilot Point, Texas, within the historic town-square setting.
Key Highlights
- 3,125‑square‑foot storefront property built in 1894
- Corner location on Pilot Point Town Square at Jefferson and Liberty
- Brick‑and‑plaster facade with large custom windows
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,870
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Under-served
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - Brick-and-plaster commercial building with original wood floors, two bathrooms, storage, and access from the side street.
Where is this storefront property located?
The property is located at 115 S Jefferson Street 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 property built in 1894; Corner location on Pilot Point Town Square at Jefferson and Liberty; Brick‑and‑plaster facade with large custom windows
