Automotive Shop with Central
For Sale
$1,590,000
1200 S Highway 377, Pilot Point, TX 76258
C2 zoning and a paved driveway and parking lot support vehicle-oriented commercial use.
Property Size3,320 SF
Days on Market169
Property Features for 1200 S Highway 377
General Information
Standard status
Active
Size
3,320 SF
Zoning
C2
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$6,052
Amenities
Central Air
Central
Asphalt, Driveway, Parking Lot
Building Details
Building Size
3,320 SF
Year Built
1985
Stories
1
Listing Agency:
KELLER WILLIAMS REALTY
Listed By:
Benjamin Clark · License #0611947
(940) 320-9181
Source:
Evrealestate
Added: Apr 29
Changed: Oct 11
Last Checked: Oct 12 at 6:47PM
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 automotive shop was built in 1985 and has central air conditioning and central heating. An asphalt driveway and parking lot provide paved areas on the property.
The property is on Highway 377 in Pilot Point, across from David Lane. It is zoned C2.
The property is on Highway 377 in Pilot Point, across from David Lane. It is zoned C2.
Key Highlights
- Automotive shop built in 1985
- C2 zoning
- Central air conditioning and central heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,107
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,102,140
$1.1M
Cap Rate 7%
$787,243
$787.2K
Cap Rate 9%
$612,300
$612.3K
Market Conditions
NOI Build-Up for 3,320 SF
Gross rent
$82.9K $24.96/SF
− Vacancy
−$4.1K −$1.25/SF
EGI
$78.7K $23.71/SF
− OpEx
−$23.6K −$7.11/SF
NOI
$55.1K $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%
$1,102,140
Cap Rate 7%
$787,243
Cap Rate 9%
$612,300
Alternative Uses
Best Use
Retail
$787.2K
$688.8K – $918.5K
NOI $55,107 @ 7.0% cap · market cap 3.47%
Second Best
Industrial
$243.4K
$213.0K – $284.0K
NOI $17,041 @ 7.0% cap · market cap 1.07%
Theoretical Best
Multifamily LT 5
$46.43M
$40.62M – $54.17M
NOI $3,249,980 @ 7.0% cap · market cap 204.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
9k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Exxon
Shops & Services
8,611 visits/mo
0.5 miles
Carquest Auto Parts
Shops & Services
450 visits/mo
0.2 miles
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
- Wrecked Outdoors — 935 E McDonald Dr Unit 3, Pilot Point, TX 76258
- Mark's Body Shop — 1112 US-377, Pilot Point, TX 76258
- Al's Qwik E Lube — 1117 US-377, Pilot Point, TX 76258
- Mobil 1 Lube Express — Pilot Point, TX 76258
Frequently Asked Questions
What type of property is this?
Auto shop - C2 zoning and a paved driveway and parking lot support vehicle-oriented commercial use.
Where is this auto shop 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: Automotive shop built in 1985; C2 zoning; Central air conditioning and central heating
