Insulated Flex Warehouse and
For Sale
$2,400,000
930 Highway 377, Pilot Point, TX 76258
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 Market32
Property Features for 930 Highway 377
General Information
Standard status
Active
Size
5,846 SF
Property subtype
Business Opportunities
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,669
Amenities
3
Level
US Highway, Level.
Building Details
Year Built
1983
Construction
insulated metal building
Listing Agency:
Keller Williams Realty
(940) 484-9411
Listed By:
Benjamin Clark · License #0611947
Source:
Xome
Added: Jul 11
Changed: Aug 8
Last Checked: Aug 11 at 5:31AM
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
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
$97,034
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
4.04%
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%
$1,940,680
$1.9M
Cap Rate 7%
$1,386,200
$1.4M
Cap Rate 9%
$1,078,156
$1.1M
Market Conditions
NOI Build-Up for 5,846 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
$145.9K $24.96/SF
− Vacancy
−$7.3K −$1.25/SF
EGI
$138.6K $23.71/SF
− OpEx
−$41.6K −$7.11/SF
NOI
$97.0K $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%
$1,940,680
Cap Rate 7%
$1,386,200
Cap Rate 9%
$1,078,156
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Well-served
Demand for This Use
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 Industrial 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?
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 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
