Highway 377 Commercial
1200 S Highway 377 Pilot Point, TX 76258
For Sale
$1,590,000
Versatile commercial property on Highway 377 in Pilot Point.
Property Size9,000 SF
Lot Size0.84 Acres
Price / SF$176.67
Days on Market99
Property Features for 1200 S Highway 377
General Information
Standard status
Active
Size
9,000 SF
Lot size
0.84 Acres
Property subtype
Commercial
Building Details
Year Built
1985
Listing Agency:
Keller Williams Realty
(940) 484-9411
Listed By:
Benjamin Clark · License #0611947
(940) 320-9181
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 28 at 4:55PM
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 commercial property is located along the Highway 377 corridor in Pilot Point, Texas. The property includes two buildings totaling approximately 9,000 square feet: a 5,000 square foot facility and a 4,000 square foot facility. Both buildings include air conditioned office space. The property is designed for flexible layouts suitable for commercial and light industrial uses. Situated on approximately 0.84 acres, the property provides parking, workspace, and accessibility. Multiple overhead doors, shop areas, and a secure yard enhance usability for equipment storage, service operations, and logistics. The property has direct access and visibility on US Highway 377, a major transportation artery connecting Denton, Aubrey, Celina, and the Dallas Fort Worth Metroplex.
Key Highlights
- Direct access and high visibility on US Highway 377.
- Two well‑maintained commercial buildings totaling approximately 9,000 square feet.
- Located in the rapidly expanding Highway 377 corridor in Pilot Point, North Texas.
Financial Insights For Warehouse
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 | $72.4k | $8.04 |
| − Vacancy | −$6.4k | −$0.71 |
| EGI | $66.0k | $7.33 |
| − OpEx | −$9.9k | −$1.10 |
| NOI | $56.1k | $6.23 |
9,000 SF · lease $8.04/SF/yr · vacancy 8.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$801.3K
$701.2K – $934.9K
NOI $56,093 @ 7.0% cap · market cap 3.53%
Second Best
Industrial
$659.9K
$577.4K – $769.9K
NOI $46,195 @ 7.0% cap · market cap 2.91%
Theoretical Best
Multifamily LT 5
$125.86M
$110.13M – $146.84M
NOI $8,810,188 @ 7.0% cap · market cap 554.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial property on Highway 377 in Pilot Point.
Where is this flex space located?
The property is located at 1200 S Highway 377 Pilot Point, TX.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Direct access and high visibility on US Highway 377.; Two well‑maintained commercial buildings totaling approximately 9,000 square feet.; Located in the rapidly expanding Highway 377 corridor in Pilot Point, North Texas.
