Industrial Property with Highway
For Sale
Contact for pricing
1217 Foundation Dr, Pilot Point, TX 76258
Industrial asset with direct US Highway 377 access and regional connectivity.
Property Size3,840 SF
Price / SF$182.29
Days on Market170
Property Features for 1217 Foundation Dr
General Information
Standard status
Active
Size
3,840 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Listing Agency:
Matthews Real Estate Investment Services | Dallas
(866) 889-0550
Listed By:
Drew Boroughs · License #726278
(903) 539-9971
Source:
Moodyscre
Added: Apr 30
Changed: Oct 15
Last Checked: Oct 16 at 5:45AM
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 Matthews Real Estate Investment Services | Dallas
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial property measures 3,840 square feet and is located at 1217 Foundation Dr in Pilot Point, Texas. The asset has direct access to US Highway 377, providing a connection to Denton, Aubrey, and the broader North Texas growth corridor.
Key Highlights
- 3,840 square feet of industrial property
- Direct access to US Highway 377
- Located at 1217 Foundation Dr, Pilot Point, TX 76258
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,710
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,200
$394.2K
Cap Rate 7%
$281,571
$281.6K
Cap Rate 9%
$219,000
$219.0K
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$30.9K $8.04/SF
− Vacancy
−$2.7K −$0.71/SF
EGI
$28.2K $7.33/SF
− OpEx
−$8.4K −$2.20/SF
NOI
$19.7K $5.13/SF
Area
Denton County, TX
Vacancy
8.80%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,200
Cap Rate 7%
$281,571
Cap Rate 9%
$219,000
Alternative Uses
Best Use
Industrial
$281.6K
$246.4K – $328.5K
NOI $19,710 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$53.70M
$46.99M – $62.65M
NOI $3,759,013 @ 7.0% cap · market cap 537.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial asset with direct US Highway 377 access and regional connectivity.
Where is this industrial property located?
The property is located at 1217 Foundation Dr Pilot Point, TX.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 3,840 square feet of industrial property; Direct access to US Highway 377; Located at 1217 Foundation Dr, Pilot Point, TX 76258
