Highway 377 Retail
For Sale
$479,000
600 S Hwy 377, Pilot Point, TX 76258
Retail space with Highway 377 frontage, customer parking, and convenient roadway access.
Property Size1,347 SF
Price / SF$355.61
Days on Market223
Property Features for 600 S Hwy 377
General Information
Standard status
Active
Size
1,347 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1995
Listing Agency:
Lake Country Lifestyle Real Estate
(214) 724-1607
Listed By:
Whitney Dodson Delcourt · License #0427672
Source:
Northtexashomeguide
Added: Jan 19
Changed: Aug 29
Last Checked: Aug 29 at 1:29PM
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 Lake Country Lifestyle Real Estate
Investment Insights
Based on property information with market context.
This retail space is positioned along Highway 377 in Pilot Point, with frontage, customer and employee parking, and convenient access for vehicles entering and leaving the property. The building was constructed in 1995 and is identified for retail, service-based business, professional office, and equipment sales uses.
The property is located near major roadways and the future tollway, with Lake Ray Roberts also nearby. Its Highway 377 setting places the space within a commercial corridor surrounded by expanding development in Pilot Point.
The property is located near major roadways and the future tollway, with Lake Ray Roberts also nearby. Its Highway 377 setting places the space within a commercial corridor surrounded by expanding development in Pilot Point.
Key Highlights
- Highway 377 frontage in Pilot Point
- Customer and employee parking included
- Convenient on‑and‑off access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,358
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Office B
$267.6K
$234.1K – $312.2K
NOI $18,730 @ 7.0% cap · market cap 3.91%
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.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
181
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail space with Highway 377 frontage, customer parking, and convenient roadway access.
Where is this retail space located?
The property is located at 600 S Hwy 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: Highway 377 frontage in Pilot Point; Customer and employee parking included; Convenient on‑and‑off access
