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    Flexible Office Suite Building Title is generated by Realmo AI

    520 S Highway 377, Pilot Point, TX 76258

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    Claim this Listing
    For Lease
    $2,149 /Mo

    COMMERCIAL - Pilot Point, TX

    Type:Office
    Lot size:
    0.29 Acres
    Added:
    Apr 3, 2026
    Days on Market:
    62
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for 520 S Highway 377

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    Driveway, Carport, Parking Lot, Open
    Standard status
    Active
    APN
    R41522
    Lot size
    0.29 Acres

    Taxes and HOA fees

    Tax Description
    A1139A C. SMITH, TR 510, .285 ACRES

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1984
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Vinyl
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Sankar Shanmugasundaram

    Listing agent Sankar Shanmugasundaram License #0752563

    Listing office Beam Real Estate, LLC Farmers Branch, TX

    Listing date Apr 3, 2026

    MLS# 21213661

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Commercial building built in 1984 with brick construction and a composition roof
    • Flexible interior: 1 large private office plus an expansive open room that can be partitioned into 3–4 additional offices
    • Wheelchair‑accessible restroom
    • Recent upgrades include a new roof, new HVAC system, new hot water heater, new flooring, and fresh paint
    • Central air and central/electric heating
    • Public utilities: public water and public sewer; parking includes driveway, carport, parking lot, and open parking

    Overview

    This highly visible commercial building is well suited for a range of business concepts, with a layout that supports both private and collaborative work. The interior features one large private office and an expansive open room that can be partitioned into approximately three to four additional offices. A wheelchair-accessible restroom adds convenience and ADA-minded functionality. Recent improvements include a new roof, new HVAC system, new hot water heater, new flooring, and fresh paint, helping keep initial move-in work to a minimum.

    The property is positioned in a high-visibility corridor with easy access on and off Hwy 377 in Pilot Point, a city noted in the remarks for rapid growth. With the highway projected to expand to six lanes, the location is positioned to benefit from increased prominence over time.

    Having previously served as a doctor’s office, tax office, beauty salon, home health care facility, and child day care, the building’s flexible configuration can accommodate professional tenants seeking a straightforward footprint with room to reconfigure. The combination of recent capital upgrades and a layout designed for additional office placement makes it a practical option for owner-users, growing teams, or operators looking to relocate or launch in a busy market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Pharmacy Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pilot Point
    County
    Denton
    State
    Texas
    Longitude
    -96.94889
    Latitude
    33.391863

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    FAQs

    What type of property is this?
    Office units - Move-in ready office building with a private office, large open area, and accessible restroom for multiple professional uses.
    Where is this office units located?
    The property is located at 520 S Highway 377 Pilot Point, TX.
    What is the lease rate?
    The lease rate is $2,149 /Mo.
    What are key features of this property?
    This property features: Commercial building built in 1984 with brick construction and a composition roof; Flexible interior: 1 large private office plus an expansive open room that can be partitioned into 3–4 additional offices; Wheelchair‑accessible restroom
    (972) 484-6644
    We can help!
    Listing Contact
    Sankar Shanmugasundaram
    Real Estate License ID: 0752563
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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