Storage Facility with RV
New
For Sale
$2,100,000
1293 S Hwy 377, Pilot Point, TX 76258
The operating property combines enclosed storage, indoor RV spaces, and open parking.
Property Size15,565 SF
Price / SF$134.92
Days on Market6
Property Features for 1293 S Hwy 377
General Information
Standard status
Active
Size
15,565 SF
Property subtype
Commercial
Building Details
Year Built
2002
Listing Agency:
Keller Williams Realty
Listed By:
Benjamin Clark (940) 391-3534,(940) 391-3534 · License #0611947
(940) 484-9411
Source:
Realestatestation
Added: Oct 5
Changed: Oct 8
Last Checked: Oct 9 at 7:48PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
Built in 2002, this operating self-storage facility contains 26,748.5 square feet of rentable enclosed space and a total of 66 spaces. Its configuration includes five 10-by-20 units, 46 12-by-30 storage and boat spaces with varying heights, and nine 15-by-43 indoor RV spaces. Additional specialty spaces include a unit measuring 30 by 48 feet, along with smaller storage options. The property also has two open parking spaces.
The facility is located at 1293 S Hwy 377 in Pilot Point, Texas, with access from US Highway 377.
The facility is located at 1293 S Hwy 377 in Pilot Point, Texas, with access from US Highway 377.
Key Highlights
- 66‑space operating self‑storage facility
- 26,748.5 square feet of rentable enclosed space
- Five 10‑by‑20 units, 46 12‑by‑30 storage and boat spaces, and nine 15‑by‑43 indoor RV spaces
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - The operating property combines enclosed storage, indoor RV spaces, and open parking.
Where is this self storage facility located?
The property is located at 1293 S Hwy 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‑space operating self‑storage facility; 26,748.5 square feet of rentable enclosed space; Five 10‑by‑20 units, 46 12‑by‑30 storage and boat spaces, and nine 15‑by‑43 indoor RV spaces
