Flex Building with Office and
New
For Sale
$785,000
1212 S Washington Street, Pilot Point, TX 76258
CommercialSale, Pilot Point, TX
Property Size4,900 SF
Lot Size1.06 Acres
Price / SF$160.20
Days on Market2
Property Features for 1212 S Washington Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
commerical
Subdivision
C Smith
Lot features
Acreage, Interior Lot
Directions
see GPS
Standard status
Active
APN
R41639
Size
4,900 SF
Lot size
1.06 Acres
Taxes and HOA fees
Tax Description
A1139A C. SMITH, TR 361, 1.055 ACRES
Tax Annual Amount
5149
Legal Description
A1139A C. SMITH, TR 361, 1.055 ACRES
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
security system
Building Details
Year built
2002
Floors in Building
1
Number of units
1
Flooring type
Carpet, Tile
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Pedigo Real Estate, Inc.
Listed By:
Billy Ray Pedigo
(940) 368-1803
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:06AM
MLS# 21407500
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.
Investment Insights
Based on property information with market context.
The 4,900-square-foot flex property includes approximately 2,250 square feet of finished office area and a 2,250-square-foot open shop, plus a 400-square-foot porch. Office improvements include a reception area, offices, showroom, meeting room, break room, utility room, and 1.5 baths. The shop has 110V and 220V wiring, lighting, and spray foam insulation. Three overhead doors serve the shop: one 16' W x 10' H door and two 12' W x 10' H doors.
A separate 24' x 50' metal building has a passenger entry, a 10' x 10' overhead door, and spray foam insulation. The 1.055-acre site has Business Highway 377 frontage, asphalt, concrete, and gravel parking and driveways, and fencing along its north, west, and south sides. An ADT electronic security system is installed.
A separate 24' x 50' metal building has a passenger entry, a 10' x 10' overhead door, and spray foam insulation. The 1.055-acre site has Business Highway 377 frontage, asphalt, concrete, and gravel parking and driveways, and fencing along its north, west, and south sides. An ADT electronic security system is installed.
Key Highlights
- 4,900‑square‑foot building with approximately 2,250 square feet each of office space and shop area
- 400‑square‑foot front porch
- Shop has three overhead doors: one 16' W x 10' H and two 12' W x 10' H
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,540
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,800
$610.8K
Cap Rate 7%
$436,286
$436.3K
Cap Rate 9%
$339,333
$339.3K
Market Conditions
NOI Build-Up for 4,900 SF
Gross rent
$39.4K $8.04/SF
− Vacancy
−$3.5K −$0.71/SF
EGI
$35.9K $7.33/SF
− OpEx
−$5.4K −$1.10/SF
NOI
$30.5K $6.23/SF
Area
Denton County, TX
Vacancy
8.80%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,800
Cap Rate 7%
$436,286
Cap Rate 9%
$339,333
Alternative Uses
Best Use
Warehouse
$436.3K
$381.8K – $509.0K
NOI $30,540 @ 7.0% cap · market cap 3.89%
Second Best
Industrial
$359.3K
$314.4K – $419.2K
NOI $25,150 @ 7.0% cap · market cap 3.20%
Theoretical Best
Multifamily LT 5
$68.52M
$59.96M – $79.94M
NOI $4,796,658 @ 7.0% cap · market cap 611.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
Balanced
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - A second insulated metal building and fenced yard expand the property's utility for storage and equipment.
Where is this flex space located?
The property is located at 1212 S Washington Street Pilot Point, TX.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: 4,900‑square‑foot building with approximately 2,250 square feet each of office space and shop area; 400‑square‑foot front porch; Shop has three overhead doors: one 16' W x 10' H and two 12' W x 10' H
