Warehouse with Stabilized
For Sale
$775,000
1324 N Saint James Rd, Pilot Point, TX 76258
A steel-frame facility pairs open work area and updated office space with substantial electrical service and outdoor storage.
Property Size7,487 SF
Lot Size2.50 Acres
Price / SF$103.51
Days on Market10
Property Features for 1324 N Saint James Rd
General Information
Standard status
Active
Size
7,487 SF
Lot size
2.50 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
12 ft
Power
400 amps
Voltage
230 V
Three-Phase Power
Yes
Building Details
Year Built
1984
Buildings
1
Building Size
7,487 SF
Construction
steel frame
Listing Agency:
Keller Williams Realty
Listed By:
Benjamin Clark (940) 391-3534,(940) 391-3534 · License #0611947
(940) 484-9411
Source:
Tylerhomeguide
Added: Oct 8
Changed: Oct 15
Last Checked: Oct 16 at 9:03AM
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
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Investment Insights
Based on property information with market context.
Built in 1984, this steel-frame warehouse contains 7,487 square feet on approximately 2.5 acres. The interior has an open warehouse area, 12-foot ceilings, three 10-by-10-foot overhead doors and a separate walk-in entrance. An updated office area supports on-site operations. Two mini-split AC units are included and ready for installation; the building also has 400-amp service and 230-volt, three-phase power. Two storage containers convey with the property, and a stabilized yard provides outdoor storage space.
The property is in Pilot Point, less than one mile west of US Highway 377. Zoning, permitted uses, restrictions, measurements and expansion feasibility are subject to buyer verification.
The property is in Pilot Point, less than one mile west of US Highway 377. Zoning, permitted uses, restrictions, measurements and expansion feasibility are subject to buyer verification.
Key Highlights
- 7,487‑square‑foot warehouse on approximately 2.5 acres
- 400‑amp service with 230‑volt, three‑phase power
- Three 10x10 overhead doors, 12‑foot ceilings and a separate walk‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,664
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$933,280
$933.3K
Cap Rate 7%
$666,629
$666.6K
Cap Rate 9%
$518,489
$518.5K
Market Conditions
NOI Build-Up for 7,487 SF
Gross rent
$60.2K $8.04/SF
− Vacancy
−$5.3K −$0.71/SF
EGI
$54.9K $7.33/SF
− OpEx
−$8.2K −$1.10/SF
NOI
$46.7K $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%
$933,280
Cap Rate 7%
$666,629
Cap Rate 9%
$518,489
Alternative Uses
Best Use
Warehouse
$666.6K
$583.3K – $777.7K
NOI $46,664 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$104.70M
$91.61M – $122.15M
NOI $7,329,097 @ 7.0% cap · market cap 945.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
12 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Well-served
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Near the Lake Boat and RV Storage — 701 Brenda's Wy, Pilot Point, TX 76258
Frequently Asked Questions
What type of property is this?
Warehouse - A steel-frame facility pairs open work area and updated office space with substantial electrical service and outdoor storage.
Where is this warehouse located?
The property is located at 1324 N Saint James Rd Pilot Point, TX.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 7,487‑square‑foot warehouse on approximately 2.5 acres; 400‑amp service with 230‑volt, three‑phase power; Three 10x10 overhead doors, 12‑foot ceilings and a separate walk‑in door
