Flexible Office Building
For Sale
$439,000
520 S Highway 377, Pilot Point, TX 76258
Versatile office layout with wheelchair-accessible restroom and recent systems upgrades for straightforward move-in.
Property Size1,678 SF
Price / SF$261.62
Days on Market60
Property Features for 520 S Highway 377
General Information
Standard status
Active
Size
1,678 SF
Property subtype
Office
Building Details
Year Built
1984
Listing Agency:
Beam Real Estate, LLC
(972) 484-6644
Listed By:
Sankar Shanmugasundaram · License #0752563
Source:
Xome
Added: Jun 1
Changed: Jul 10
Last Checked: Jul 17 at 9:26AM
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 Beam Real Estate, LLC
Investment Insights
Based on property information with market context.
This highly visible commercial office building was previously used for a range of service-oriented businesses, including a doctor’s office, tax office, beauty salon, home health care, and child day care. The interior includes one large private office and one expansive open room that can be partitioned into three to four additional offices. A wheelchair-accessible restroom supports convenient, compliant operations. Recent upgrades include a new roof, new HVAC system, new hot water heater, new flooring, and fresh paint.
The property is located at 520 S Highway 377 in Pilot Point, with easy access on and off Highway 377. The offering is positioned in a city described as rapidly growing, and the remarks note that Highway 377 is projected to expand to six lanes.
The existing configuration and improvements make this building practical for owner-operators or tenant groups looking for a ready-to-fit office environment with the ability to adjust internal rooming. The combination of move-in-ready updates, a mix of private and open workspace, and accessible restroom supports a broad set of professional uses.
The property is located at 520 S Highway 377 in Pilot Point, with easy access on and off Highway 377. The offering is positioned in a city described as rapidly growing, and the remarks note that Highway 377 is projected to expand to six lanes.
The existing configuration and improvements make this building practical for owner-operators or tenant groups looking for a ready-to-fit office environment with the ability to adjust internal rooming. The combination of move-in-ready updates, a mix of private and open workspace, and accessible restroom supports a broad set of professional uses.
Key Highlights
- Versatile commercial building previously used as a doctor’s office, tax office, beauty salon, home health care facility, and child day care
- Interior includes one large private office and one expansive open room that can be partitioned into 3–4 additional offices
- Wheelchair‑accessible restroom
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.5k | $24.72 |
| − Vacancy | −$10.4k | −$6.18 |
| EGI | $31.1k | $18.54 |
| − OpEx | −$7.8k | −$4.64 |
| NOI | $23.3k | $13.91 |
1,678 SF · lease $24.72/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$333.3K
$291.7K – $388.9K
NOI $23,333 @ 7.0% cap · market cap 5.32%
Second Best
Healthcare Medical
$324.4K
$283.8K – $378.5K
NOI $22,707 @ 7.0% cap · market cap 5.17%
Theoretical Best
Multifamily LT 5
$23.47M
$20.53M – $27.38M
NOI $1,642,611 @ 7.0% cap · market cap 374.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
81
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Versatile office layout with wheelchair-accessible restroom and recent systems upgrades for straightforward move-in.
Where is this office building located?
The property is located at 520 S Highway 377 Pilot Point, TX.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Versatile commercial building previously used as a doctor’s office, tax office, beauty salon, home health care facility, and child day care; Interior includes one large private office and one expansive open room that can be partitioned into 3–4 additional offices; Wheelchair‑accessible restroom
