Highway 377 Storefront
For Sale
$479,000
600 S Highway 377, Pilot Point, TX 76258
Existing commercial space with on-site parking and convenient access for retail, service, or office operations.
Property Size1,347 SF
Price / SF$355.61
Days on Market61
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Property Features for 600 S Highway 377
General Information
Standard status
Active
Size
1,347 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1995
Listing Agency:
IRICK REAL ESTATE
Listed By:
Whitney Delcourt · License #0427672
(214) 724-1607
Source:
Aboveandbeyondrealty
Added: Aug 16
Changed: Oct 15
Last Checked: Oct 15 at 3:47AM
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 IRICK REAL ESTATE
Investment Insights
Based on property information with market context.
This storefront property at 600 S Highway 377 provides 1,347 square feet of commercial space in a building constructed in 1995. The site includes ample parking and convenient on-and-off access from Highway 377, supporting customer and employee circulation.
The property is positioned in Pilot Point along a commercial corridor experiencing ongoing development. Major roadways, the future tollway, and Lake Ray Roberts are located minutes away. The space is identified as suitable for retail, service-oriented businesses, professional offices, and equipment sales, offering flexibility for a range of commercial occupants.
The property is positioned in Pilot Point along a commercial corridor experiencing ongoing development. Major roadways, the future tollway, and Lake Ray Roberts are located minutes away. The space is identified as suitable for retail, service-oriented businesses, professional offices, and equipment sales, offering flexibility for a range of commercial occupants.
Key Highlights
- 1,347‑square‑foot storefront property
- Located at 600 S Highway 377 in Pilot Point, TX
- Ample on‑site parking for customers and employees
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,358
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,160
$447.2K
Cap Rate 7%
$319,400
$319.4K
Cap Rate 9%
$248,422
$248.4K
Market Conditions
NOI Build-Up for 1,347 SF
Gross rent
$33.6K $24.96/SF
− Vacancy
−$1.7K −$1.25/SF
EGI
$31.9K $23.71/SF
− OpEx
−$9.6K −$7.11/SF
NOI
$22.4K $16.60/SF
Area
Denton County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,160
Cap Rate 7%
$319,400
Cap Rate 9%
$248,422
Alternative Uses
Best Use
Retail
$319.4K
$279.5K – $372.6K
NOI $22,358 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$18.84M
$16.48M – $21.98M
NOI $1,318,591 @ 7.0% cap · market cap 275.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
1k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Domino's Pizza
Dining
1,093 visits/mo
0.4 miles
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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Existing commercial space with on-site parking and convenient access for retail, service, or office operations.
Where is this storefront property located?
The property is located at 600 S Highway 377 Pilot Point, TX.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: 1,347‑square‑foot storefront property; Located at 600 S Highway 377 in Pilot Point, TX; Ample on‑site parking for customers and employees
