Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Tbd Jc Ln Pilot Point, TX 76258
    Property profile & analytics

    Tbd Jc Ln, Pilot Point, TX 76258

    View on Map
    • Land
    • 3.93 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Tbd Jc Ln

    Lot size
    3.93 lot acres
    Property type
    Land

    Description

    This exceptional 3.93-acre commercial land parcel presents a prime development opportunity in the rapidly expanding city of Pilot Point, Texas. Located on Highway 377, this site boasts over 194 feet of highway frontage, ensuring maximum visibility for your business with over 12,000 vehicles passing daily. The property is zoned for Light Industrial use and offers immediate access to essential utilities including water, sewer, and electricity. Its strategic location provides convenient access to major roadways such as FM 455 (1.5 miles), the DNT Extension (8.4 miles), and Highway 380 (14 miles). The site's adjacency to established businesses like Chandler Cabinets and proximity to D.R. Horton's new 380-homesite community in Pilot Point further enhances its appeal. Current plans for the site include a 4-building, 32-unit office-warehouse complex, each unit measuring 1,512 square feet, featuring overflow parking and 12' x 50' unloading docks. This property represents a unique chance to capitalize on Pilot Point's projected population growth to 72,000 in the coming decades, with the added benefit of Highway 377 widening increasing visibility. The asking price is $995,000, with a land value of $5.81 per square foot. The APN is 385546. This is a truly exceptional opportunity for businesses seeking high visibility and convenient access in a thriving Texas market. The total gross square footage is 171,234.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pilot Point
    County
    Grayson
    State
    Texas
    Longitude
    -96.9364
    Latitude
    33.4178

    Comparable in this City

    • Value Estimation by Request
      16.00 Acres

      Joe Allen Rd

      Land
      0 Joe Allen Rd, Pilot Point, TX 76258
      View Details
    • Value Estimation by Request
      6.00 Acres

      215 Emberson Chapel Rd

      Self storage facilities
      215 Emberson Chapel Rd, Pilot Point, TX 76258
      View Details
    • Value Estimation by Request
      159.48 Acres

      2110 Stiff Chapel Rd

      Farms
      2110 Stiff Chapel Rd, Pilot Point, TX 76258
      View Details
    • Value Estimation by Request
      171.00 Acres

      12509 Strittmatter Rd

      Farms
      12509 Strittmatter Rd, Pilot Point, TX 76258
      View Details
    • Value Estimation by Request
      9.15 Acres

      1513 Us-377 Bus

      Land
      1513 Us-377 Bus, Pilot Point, TX 76258
      View Details
    • Value Estimation by Request

      10815 Hames Rd

      Farms
      10815 Hames Rd, Pilot Point, TX 76258
      View Details

    Similar Nearby for Sale

    • $6,600,000

      Land with Electric Gate

      Land for sale with electric gate access.
      2370 E Black Jack Rd E, Pilot Point, TX 76258
      View Details
    • $2,787,750
      37.17 Acres

      Expansive Treed Land in Pilot Point

      37+ acre lot near Lake Ray Roberts and Isle Du Bois.
      E Fm 455, Pilot Point, TX 76258
      View Details
    • New
      Contact for pricing
      0.13 Acres

      Unimproved Land For Sale

      Unimproved lot available for sale in Pilot Point, Texas.
      664 W Gould St, Pilot Point, TX 76258
      View Details
    • $199,900
      2.00 Acres

      Unzoned Land in Pilot Point

      Two acres of flat, unzoned land with road frontage.
      W Clifton St, Pilot Point, TX 76258
      View Details
    • $1,399,900
      Pending

      Land For Sale

      Land available in Pilot Point, Texas.
      13633 Alexander Rd, Pilot Point, TX 76258
      View Details
    • $350,000
      5.02 Acres

      5 Acres Near Dallas Tollway

      5.018 acre tract near Dallas North Tollway in Tioga, TX.
      Baker Rd, Tioga, TX 76258
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Rent

      Single tenant retail space available, 1,250 SqFt.
      224 W Liberty St, Pilot Point, TX 76258
      View Details
    • Contact for pricing

      Pilot Point Manufacturing-Ready Facility

      Manufacturing-zoned property with 3-phase power, truck parking, and easy access.
      901 E Mcdonald Dr, Pilot Point, TX 76258
      View Details
    • $2,149 /Mo
      12,415 SF

      Versatile Commercial Property on Highway

      Highly visible commercial property ideal for various business opportunities.
      520 Highway 377 S, Pilot Point, TX 76258
      View Details
    • $3,000 /Mo
      3,200 SF

      Retail Space in Pilot Point

      Retail space available for lease in Pilot Point, Texas.
      11416 Hames Rd, Pilot Point, TX 76258
      View Details
    • Contact for pricing
      6,400 SF

      Fenced Yard Flex Space

      Two insulated metal buildings with fenced yard space for lease.
      11416 Hames Rd, Pilot Point, TX 76258
      View Details
    • $2,058 /Mo
      19,994 SF

      Office Space on Highway 377

      1,300 sqft office space with highway exposure in Pilot Point.
      1137 Highway 377 S, Pilot Point, TX 76258
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Tbd Jc Ln
    Pilot Point, TX 76258
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Tbd Jc Ln, Pilot Point, TX, 76258
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!