66-Space Self Storage
New
For Sale
$2,100,000
1293 S Highway 377, Pilot Point, TX 76258
An operating storage property offers enclosed units, indoor RV spaces, and open parking along US Highway 377.
Property Size15,565 SF
Price / SF$134.92
Days on Market5
Property Features for 1293 S Highway 377
General Information
Standard status
Active
Size
15,565 SF
Total Parking Spaces
2
Property subtype
Commercial
Zoning
C-2
Additional Details
Business Included
Yes
Highway Access
Yes
Self-Storage Units
66
Building Details
Building Size
15,565 SF
Year Built
2002
Stories
1
Units
66
Listing Agency:
BOURQUIN REALTY
Listed By:
David Bourquin · License #0596715
(940) 329-5070
Source:
Bourquinrealty
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:46PM
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 BOURQUIN REALTY
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Investment Insights
Based on property information with market context.
Built in 2002, this operating self storage facility has 66 spaces, including enclosed storage, indoor RV accommodations, and two open parking spaces. Unit configurations range from five 10-by-20 units and forty-six 12-by-30 storage and boat spaces to nine 15-by-43 indoor RV spaces. Additional specialty spaces include options from compact storage through a 30-by-48 unit, with varying heights among the storage and boat spaces.
The property is at 1293 S Highway 377 in Pilot Point, Texas, and is zoned C-2.
The property is at 1293 S Highway 377 in Pilot Point, Texas, and is zoned C-2.
Key Highlights
- 66 total spaces, including enclosed storage, indoor RV spaces, and two open parking spaces
- Five 10‑by‑20 units and forty‑six 12‑by‑30 storage and boat spaces
- Nine 15‑by‑43 indoor RV spaces; storage and boat spaces have varying heights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,697
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,933,940
$2.9M
Cap Rate 7%
$2,095,671
$2.1M
Cap Rate 9%
$1,629,967
$1.6M
Market Conditions
NOI Build-Up for 15,565 SF
Gross rent
$224.1K $14.40/SF
− Vacancy
−$14.6K −$0.94/SF
EGI
$209.6K $13.46/SF
− OpEx
−$62.9K −$4.04/SF
NOI
$146.7K $9.42/SF
Area
Denton County, TX
Vacancy
6.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,933,940
Cap Rate 7%
$2,095,671
Cap Rate 9%
$1,629,967
Alternative Uses
Best Use
Self Storage
$2.10M
$1.83M – $2.44M
NOI $146,697 @ 7.0% cap · market cap 6.99%
Second Best
Warehouse
$1.39M
$1.21M – $1.62M
NOI $97,011 @ 7.0% cap · market cap 4.62%
Theoretical Best
Multifamily LT 5
$217.67M
$190.46M – $253.95M
NOI $15,236,730 @ 7.0% cap · market cap 725.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
135
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
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - An operating storage property offers enclosed units, indoor RV spaces, and open parking along US Highway 377.
Where is this self storage facility located?
The property is located at 1293 S Highway 377 Pilot Point, TX.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 66 total spaces, including enclosed storage, indoor RV spaces, and two open parking spaces; Five 10‑by‑20 units and forty‑six 12‑by‑30 storage and boat spaces; Nine 15‑by‑43 indoor RV spaces; storage and boat spaces have varying heights
