Building Details

Year Built 2005

Listing Agency: Matthews

Listed By: Drew Boroughs · License #TX 726278 Show Phone

Source: Crexi

Added: Feb 16 Changed: Oct 2 Last Checked: Oct 5 at 6:05PM

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Investment Insights

Based on property information with market context.

This industrial property, located in Pilot Point, Texas, offers 8,400 square feet of space and is available for sale.

Key Highlights

• Industrial Property
• 8,400 SqFt
• Built in 2005

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$43,115

Cap Rate

3.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$862,300 $862.3K

Cap Rate 7%

$615,929 $615.9K

Cap Rate 9%

$479,056 $479.1K

Market Conditions

NOI Build-Up for 8,400 SF

Gross rent

$67.5K $8.04/SF

− Vacancy

−$5.9K −$0.71/SF

EGI

$61.6K $7.33/SF

− OpEx

−$18.5K −$2.20/SF

NOI

$43.1K $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%

$862,300

Cap Rate 7%

$615,929

Cap Rate 9%

$479,056

Alternative Uses

Best Use

Industrial

$615.9K

$538.9K – $718.6K (±1% cap)

NOI $43,115 @ 7.0% cap · market cap 3.32%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$117.47M

$102.79M – $137.05M (±1% cap)

NOI $8,222,842 @ 7.0% cap · market cap 632.53%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Industrial properties

Suggested Use

Top Pick Real Estate Agency Furniture & Home Goods Bakery Pharmacy Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

197

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this industrial properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Industrial property - 8,400 SqFt industrial property for sale in Pilot Point.

Where is this industrial property located?

The property is located at 502 US-377 Pilot Point, TX.

What is the asking price?

The asking price for this property is $1,300,000.

What are key features of this property?

This property features: Industrial Property; 8,400 SqFt; Built in 2005