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$2,100,000

1293 S Highway 377, Pilot Point, TX, 76258

On MarketInfo
Just AddedInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths15,565 Sq Ft
BusinessBusiness
price_per_sqft$134.92 / sqft
Year BuiltBuilt in 2002

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
FlooringConcrete

Exterior

Lot Size11,892 sqft

Building Information

Year Built1997
Stories1
Garage Spaces5

Land Information

APNR77945
SubdivisionC. Smith
Land UseCommercial
Legal DescriptionA1139A C. SMITH, TR 570, 0.273 ACRES
Census Tract020129
Assessed Land Value$71,351
Assessed Improvement Value$308,933
Assessment Year2025

About this property

66 Spaces. A Growing Market. An Opportunity to Build Value. Position your next investment in the growing Pilot Point market with this operating storage facility located off US Highway 377. Offering approximately 26,748.5 square feet of rentable enclosed space, plus two open parking spaces, this 66-space property combines an established storage operation with opportunities to enhance future performance. The versatile mix includes five 10-by-20 units, forty-six 12-by-30 storage and boat spaces with varying heights, nine 15-by-43 indoor RV spaces, and additional specialty spaces ranging from compact storage to a substantial 30-by-48 unit. This variety accommodates household belongings, business inventory, equipment, boats and recreational vehicles, providing flexibility across several customer segments. Pilot Point’s expanding residential development and the continued growth of northern Denton County create a compelling setting for long-term ownership. As the surrounding community evolves, this facility offers buyers an existing operation positioned to serve both current residents and future customers. For investors seeking additional upside, a review of unit-specific pricing against nearby competing facilities may reveal opportunities to strengthen revenue through measured rental adjustments, targeted marketing and occupancy management. Any adjustments would depend on unit features, tenant retention and market conditions.

Investor Tools

$332,482Estimated Mortgage Balance
$9,735Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$12,600 /month
Positive
Cash Flow Estimate:
$4,200 /month

Interested in this property?

Benjamin Clark

Keller Williams Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$636/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,917
$342,217
2025
$71,351
$308,933
$380,284
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,917
$342,217

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Austin Bank Texas Na
Open End Mortgage / Open End With Future Advance Clause
$375,000
No
First
Dec 23, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$332,482
$9,735
2%
97%
$2,249/mo

City: Pilot Point