Retail Building with Highway
For Sale
Contact for pricing
600s US-377, Pilot Point, TX 76258
C-2 zoning, on-site parking, and convenient highway access support retail, service, and office uses.
Property Size1,347 SF
Price / SF$355.61
Days on Market179
Property Features for 600s US-377
General Information
Standard status
Active
Size
1,347 SF
Class
B
Property subtype
Office, Retail
Zoning
C-2
Lease Type
Gross
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1995
Buildings
1
Units
1
Listing Agency:
Lake Country Lifestyle Real Estate
(214) 724-1607
Listed By:
Whitney Delcourt · License #0427672
Source:
Crexi
Added: Mar 6
Changed: Aug 30
Last Checked: Aug 30 at 1:26PM
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 property at 600 S US-377 in Pilot Point was built in 1995 and is positioned along Highway 377. The site includes on-site parking and convenient access for customers and employees. C-2 zoning supports the property’s commercial positioning.
The location offers highway frontage and exposure in Pilot Point, with access to major roadways and proximity to Lake Ray Roberts. Potential applications identified for the property include retail, service businesses, professional offices, and equipment sales.
The location offers highway frontage and exposure in Pilot Point, with access to major roadways and proximity to Lake Ray Roberts. Potential applications identified for the property include retail, service businesses, professional offices, and equipment sales.
Key Highlights
- Highway 377 frontage in Pilot Point
- C‑2 zoning
- On‑site parking for customers and employees
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 - C-2 zoning, on-site parking, and convenient highway access support retail, service, and office uses.
Where is this retail space located?
The property is located at 600s US-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; C‑2 zoning; On‑site parking for customers and employees
