Pilot Point Industrial
For Sale
Contact for pricing
502 US-377, Pilot Point, TX 76258
8,400 SqFt industrial property for sale in Pilot Point.
Property Size8,400 SF
Price / SF$154.76
Days on Market242
Property Features for 502 US-377
General Information
Standard status
Active
Size
8,400 SF
Property subtype
Industrial
Zoning
Light Industrial
Investment Type
Owner/User
Building Details
Year Built
2005
Listing Agency:
Matthews
Listed By:
Drew Boroughs · License #TX 726278
(214) 295-2790
Source:
Crexi
Added: Feb 16
Changed: Oct 2
Last Checked: Oct 14 at 10:56PM
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 Matthews
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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
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
NOI $8,222,842 @ 7.0% cap · market cap 632.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
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
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
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
