Highway 377 Commercial
1200 S Highway 377, Pilot Point, TX 76258
COMMERCIAL - Pilot Point, TX
Property size:
9,000 SFLot size:
0.90 AcresPrice / SF:
$176/SF- Added:
- May 1, 2026
- Days on Market:
- 33
- Last Refresh:
- Jun 2 at 11:06 pm
Property Features for 1200 S Highway 377
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot, Driveway
- Standard status
- Active
- APN
- R149145
- Size
- 9,000 SF
- Lot size
- 0.90 Acres
Taxes and HOA fees
- Tax Description
- A1139A C. SMITH, TR 366B, 0.2785 ACRES
- Tax Annual Amount
- 6052
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Concrete
- Building materials
- MetalSiding, Concrete, Rock, Stone
- Roof type
- Metal
Listing agent Benjamin Clark License #0611947 (940) 484-9411
Listing office Keller Williams Realty Denton, TX (940) 484-9411
Listing date May 1, 2026
MLS# 21246015
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High visibility and direct access to 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.
- Flexible layouts suitable for a wide range of commercial and light industrial uses.
- Ample parking, generous workspace, and a secure yard.
- Multiple overhead doors and expansive shop areas.
Overview
This commercial property is located along Highway 377 in Pilot Point, Texas. The property includes two commercial buildings totaling approximately 9,000 square feet, including a 5,000 square foot facility and a 4,000 square foot facility. Both buildings include air conditioned office space. The layouts are flexible and suitable for a range of 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 Highway 377, a major transportation artery connecting Denton, Aubrey, Celina, and the Dallas Fort Worth Metroplex. The property is positioned along the Highway 377 corridor and is suitable for owner-users, investors, or businesses seeking a strategic location. The site is located on 0.9045 acres.
Local Financial Insights For Office B
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 | $222.5k | $24.72 |
| − Vacancy | −$55.6k | −$6.18 |
| EGI | $166.9k | $18.54 |
| − OpEx | −$41.7k | −$4.64 |
| NOI | $125.1k | $13.91 |
9,000 SF · lease $24.72/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.79M
$1.56M – $2.09M
NOI $125,145 @ 7.0% cap · market cap 7.87%
Second Best
Warehouse
$801.3K
$701.2K – $934.9K
NOI $56,093 @ 7.0% cap · market cap 3.53%
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 local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Pilot Point
- County
- Denton
- State
- Texas
- Longitude
- -96.959497
- Latitude
- 33.383559
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Commercial property with highway access in a growing North Texas market.
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: High visibility and direct access to 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.
