Insulated Flex Warehouse and
930 N Highway 377 Pilot Point, TX 76258
For Sale
$2,400,000
Insulated metal building with warehouse, showroom, offices, storage, and service areas plus an additional concrete slab.
Property Size5,846 SF
Price / SF$410.54
Days on Market8
Property Features for 930 N Highway 377
General Information
- Standard status
- Active
- Size
- 5,846 SF
- Property subtype
- Business Opportunities
Building Details
- Year Built
- 1983
Listing Agency:
Keller Williams Realty
(940) 484-9411
Listed By:
Benjamin Clark · License #0611947
Source:
Xome
Added: Jul 19
Changed: Jul 25
Last Checked: Jul 26 at 3:33AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This income-producing commercial property features a 5,846-square-foot insulated metal building with warehouse, showroom, office, storage, and service areas. An additional 4,200-square-foot concrete slab is already in place, providing space for future expansion and added commercial improvements.
The property is located along the US Highway 377 corridor in Pilot Point, TX 76258. The site is described as oversized, offering room for further development such as additional buildings and outdoor storage-oriented improvements.
For buyers seeking an existing functional layout with room to grow, the current configuration supports a flexible mix of warehouse, showroom, office, and operational back-of-house space, while the slab supports future expansion planning.
The property is located along the US Highway 377 corridor in Pilot Point, TX 76258. The site is described as oversized, offering room for further development such as additional buildings and outdoor storage-oriented improvements.
For buyers seeking an existing functional layout with room to grow, the current configuration supports a flexible mix of warehouse, showroom, office, and operational back-of-house space, while the slab supports future expansion planning.
Key Highlights
- 5,846‑SF insulated metal commercial building with warehouse, showroom, offices, storage, and service areas
- Additional 4,200‑SF concrete slab on‑site, ready for future expansion
- Level lot with room for additional buildings, fenced storage, and equipment yards
Financial Insights For Retail
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 | $145.9k | $24.96 |
| − Vacancy | −$7.3k | −$1.25 |
| EGI | $138.6k | $23.71 |
| − OpEx | −$41.6k | −$7.11 |
| NOI | $97.0k | $16.60 |
5,846 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.39M
$1.21M – $1.62M
NOI $97,034 @ 7.0% cap · market cap 4.04%
Second Best
Warehouse
$520.5K
$455.5K – $607.3K
NOI $36,436 @ 7.0% cap · market cap 1.52%
Theoretical Best
Multifamily LT 5
$81.75M
$71.53M – $95.38M
NOI $5,722,706 @ 7.0% cap · market cap 238.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Insulated metal building with warehouse, showroom, offices, storage, and service areas plus an additional concrete slab.
Where is this flex space located?
The property is located at 930 N Highway 377 Pilot Point, TX.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 5,846‑SF insulated metal commercial building with warehouse, showroom, offices, storage, and service areas; Additional 4,200‑SF concrete slab on‑site, ready for future expansion; Level lot with room for additional buildings, fenced storage, and equipment yards
