Multi-Unit Storefront
115 Wall Street Sherman, TX 75090
115 Wall Street, Sherman, TX, 75090
$149,000
For Sale
$149,000
COMMERCIAL - Sherman, TX
Property Size675 SF
Lot Size0.05 Acres
Price / SF$220.74
Days on Market50
Property Features for 115 Wall Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- On Street, Open
- Standard status
- Active
- APN
- 272603
- Size
- 675 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Description
- SHANNON T J SUPPLEMENT, BLOCK D, LOT PT 7, 15
- Tax Annual Amount
- 2616
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1953
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Tile, Laminate
- Building materials
- Brick
Listing agency
Tracy Realty
(903) 786-3115
Listed by
Tommi Sue Homuth · License #623240
(903) 786-3115
Added: Jun 2 Updated: Jul 11 at 4:36PM Checked: Jul 21 at 9:06PM
MLS# 21267580
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale commercial storefront building offers four units for sale, with the opportunity to purchase one unit or all four. One of the units is currently leased to a boba tea shop, with the remaining units available. The total property size is listed at 675 square feet, situated on a 0.051-acre lot.
Located at 115 Wall Street in Sherman, Texas, the property is described as being just steps from the Square. The surrounding area is noted for retail and nightlife activity, including nearby businesses such as Lupe's Tamales and Electric Tattoo, along with a new upscale cocktail bar.
Located at 115 Wall Street in Sherman, Texas, the property is described as being just steps from the Square. The surrounding area is noted for retail and nightlife activity, including nearby businesses such as Lupe's Tamales and Electric Tattoo, along with a new upscale cocktail bar.
Key Highlights
- Brick construction with laminate and tile flooring
- Heating includes electric and central
- Cooling includes electric and central air
Local Financial Insights For Specialty 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 | $16.8k | $24.96 |
| − Vacancy | −$842 | −$1.25 |
| EGI | $16.0k | $23.71 |
| − OpEx | −$4.0k | −$5.93 |
| NOI | $12.0k | $17.78 |
675 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$171.5K
$150.1K – $200.1K
NOI $12,004 @ 7.0% cap · market cap 8.06%
Second Best
Retail
$160.1K
$140.1K – $186.7K
NOI $11,204 @ 7.0% cap · market cap 7.52%
Theoretical Best
Hotel Hospitality
$346.3K
$303.0K – $404.0K
NOI $24,239 @ 7.0% cap · market cap 16.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Coffee shops
Similar For Sale Nearby
Similar Off Market Nearby
- Hole in the Wall Get-Away Cafe — 901 E Lamar St Ste. F, Sherman, TX 75090
- Bean Me Up Coffee & Bistro — 115 S Travis St, Sherman, TX 75090
- The Loft Downtown — 100 s crockett st suite 200, sherman, tx 75090
- The White Rabbit Coffee House — 100 S Crockett St Suite 200, Sherman, TX 75090
- The Loft Coffee House — 100 s crockett st suite 200, sherman, tx 75090
FAQs
What type of property is this?
Coffee shop - For sale multi-unit storefront with four units, including one leased to a boba tea shop.
Where is this coffee shop located?
The property is located at 115 Wall Street Sherman, TX.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Brick construction with laminate and tile flooring; Heating includes electric and central; Cooling includes electric and central air
