Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1200 Foundation Dr Pilot Point, TX 76258

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $725,000

    Large warehouse with offices, kitchen, and bathroom for sale.

    Property size:
    6,000 SF
    Lot size:
    0.61 Acres

    Property Features for 1200 Foundation Dr

    General Information

    Standard status
    Pending
    Size
    6,000 SF
    Lot size
    0.61 Acres

    Building Details

    Year built
    1998

    We can help!

    Listing Contact
    Shelley Green
    Source: Exitrealty

    Listing Agency: TheGreenTeam RE Professionals Listing Agent: Shelley Green

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Commercial Warehouse with Office Space

    This commercial warehouse features four offices, a kitchen, and a full bathroom with a shower. The warehouse measures 98 feet by 58 feet. Office 1 is 12 feet by 12 feet, Office 2 is 12 feet by 14 feet, Office 3 is 11 feet by 14 feet, and Office 4 is 8 feet by 8 feet. The kitchen, measuring 15 feet by 12 feet, includes granite countertops, a gas cooktop, and a microwave. The property size is 6000 square feet.
    Location Intelligence

    Current Use by Public Records

    Revved Automotive Concepts Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pilot Point
    County
    Denton
    State
    Texas
    Longitude
    -96.939821
    Latitude
    33.4066332

    Nearby Similar for Sale

    • New
      $455,000
      0.29 Acres

      Versatile Commercial Property on Highway

      High-visibility commercial property ideal for diverse business opportunities.
      520 Highway 377 S, Pilot Point, TX 76258
      View Details
    • $1,550,000
      0.67 Acres

      Historic Pilot Point Commercial Property

      Landmark commercial property in the heart of historic downtown.
      111 E Liberty St, Pilot Point, TX 76258
      View Details
    • $727,500
      0.12 Acres

      Historic Retail Building in Pilot Point

      Charming 1882 building in historic Pilot Point town square.
      109 S Jefferson St, Pilot Point, TX 76258
      View Details
    • $569,000
      2,298 SF

      Equipped Horse and Livestock Property

      Boutique horse and livestock property on 2.817 acres near Lake Ray Roberts.
      11975 Massey Rd, Pilot Point, TX 76258
      View Details
    • $885,000
      0.34 Acres

      HVAC Industrial Building in Pilot Point

      Clean, fully HVAC building with quality interior finishes.
      1208 N Industrial Blvd, Pilot Point, TX 76258
      View Details
    • $849,000
      6,000 SF

      Equestrian Facility with Income Potential

      Turn-key equestrian facility on 4.95 acres with income-generating residential units.
      8771 Fm 2931, Pilot Point, TX 76258
      View Details
    • $5,995,000
      8,393 SF

      Luxury Estate with Lake Views

      Refined country living on 30.11 acres in Pilot Point.
      701 W Walcott St, Pilot Point, TX 76258
      View Details
    • New
      $3,500,000
      5,714 SF

      North Texas Ranch with Views

      Expansive property ideal for horses, agriculture, or luxury estate.
      11559 Merrill Rd, Pilot Point, TX 76258
      View Details
    • $1,179,000
      0.07 Acres

      Historic Retail Building on Town Square

      Charming retail building in historic Pilot Point town square.
      115 S Jefferson St, Pilot Point, TX 76258
      View Details
    • $1,900,000
      4,449 SF

      Equestrian Estate with Covered Arena

      Spacious home on unrestricted land, ideal for equestrian pursuits.
      11410 Massey Rd, Pilot Point, TX 76258
      View Details
    • $849,000
      2,240 SF

      Equestrian Facility with Income Potential

      Turnkey equestrian facility on 4.95 acres with income-generating residential units.
      8771 Fm 2931, Pilot Point, TX 76258
      View Details
    • $899,900
      3,294 SF

      Restored Victorian Farmhouse on Acreage

      Historic 1894 Victorian farmhouse on 6 acres in Pilot Point.
      405 W Clifton St, Pilot Point, TX 76258
      View Details

    FAQs

    What type of property is this?
    Warehouse - Large warehouse with offices, kitchen, and bathroom for sale.
    Where is this warehouse located?
    The property is located at 1200 Foundation Dr Pilot Point, TX.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: - Large 98'x58' warehouse space; - Four offices included; - Kitchen with granite countertops and gas cooktop
    (817) 988-8664
    Request Owner's contact information
    1200 Foundation Dr Pilot Point, TX 76258
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1200 Foundation Dr
    Pilot Point, TX 76258
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1200 Foundation Dr Pilot Point, TX 76258
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Shelley Green
    Real Estate License ID: 0468346
    (817) 988-8664 (817) 426-9800 (972) 974-7419
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!