Flex Space with
For Sale
$2,500,000
A-1024 Us Highway 377, Pilot Point, TX 76258
Two connected buildings combine office, warehouse, and operational space along US 377.
Property Size9,200 SF
Price / SF$271.74
Days on Market115
Property Features for A-1024 Us Highway 377
General Information
Standard status
Active
Size
9,200 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Clear Height
13 ft
Taxes and HOA fees
Annual Taxes
$6,778
Building Details
Year Renovated
2020
Buildings
2
Listing Agency:
Keller Williams Realty
Listed By:
Benjamin Clark · License #0611947
(940) 484-9411
Source:
Exprealty
Added: Jun 22
Changed: Oct 7
Last Checked: Oct 12 at 10:03PM
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 flex property spans approximately 9,200 square feet across two connected buildings, with office, warehouse, and adaptable operational areas. The office component includes a reception or conference room, two private offices, and a half bath, with direct connection to the warehouse. Warehouse features include multiple ground-level overhead doors, 13-foot ceilings, abundant natural light, a second half bath, and on-site parking for employees, customers, and fleet vehicles.
Capital improvements completed in 2020 included a new roof, updated walls, an HVAC system serving the office area, and upgraded electrical systems. The property is positioned on US 377 in Pilot Point, Texas, providing direct corridor access and visibility for industrial and service-oriented operations.
Capital improvements completed in 2020 included a new roof, updated walls, an HVAC system serving the office area, and upgraded electrical systems. The property is positioned on US 377 in Pilot Point, Texas, providing direct corridor access and visibility for industrial and service-oriented operations.
Key Highlights
- Approximately 9, 200 square feet across two connected buildings
- Office area with reception or conference room, two private offices, and half bath
- Warehouse includes multiple ground‑level overhead doors and 13 foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,926
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,558,520
$2.6M
Cap Rate 7%
$1,827,514
$1.8M
Cap Rate 9%
$1,421,400
$1.4M
Market Conditions
NOI Build-Up for 9,200 SF
Gross rent
$227.4K $24.72/SF
− Vacancy
−$56.9K −$6.18/SF
EGI
$170.6K $18.54/SF
− OpEx
−$42.6K −$4.64/SF
NOI
$127.9K $13.91/SF
Area
Denton County, TX
Vacancy
25.00%
Lease Rate
$24.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,558,520
Cap Rate 7%
$1,827,514
Cap Rate 9%
$1,421,400
Alternative Uses
Best Use
Office B
$1.83M
$1.60M – $2.13M
NOI $127,926 @ 7.0% cap · market cap 5.12%
Second Best
Warehouse
$819.1K
$716.8K – $955.7K
NOI $57,340 @ 7.0% cap · market cap 2.29%
Theoretical Best
Multifamily LT 5
$128.66M
$112.57M – $150.10M
NOI $9,005,970 @ 7.0% cap · market cap 360.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
13 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
Balanced
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two connected buildings combine office, warehouse, and operational space along US 377.
Where is this flex space located?
The property is located at A-1024 Us Highway 377 Pilot Point, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Approximately 9, 200 square feet across two connected buildings; Office area with reception or conference room, two private offices, and half bath; Warehouse includes multiple ground‑level overhead doors and 13 foot ceilings
