Multi-Tenant Retail Center with
2121 N Fm 1417 Sherman, TX 75092
For Sale
Under Contract
$2,695,000
SINGLE_FAMILY - Sherman, TX
Property Size18,885 SF
Lot Size3.56 Acres
Price / SF$142.71
Days on Market10
Property Features for 2121 N Fm 1417
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking features
- Parking Lot, Open
- Standard status
- Active Under Contract
- APN
- 155709
- Lot size
- 3.56 Acres
Taxes and HOA fees
- Tax Description
- WESTERN HILLS ADDN SEC 5, BLOCK PT 4, ADDL VA
- Tax Annual Amount
- 53684
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1983
- Floors in Building
- 1
- Number of units
- 9
- Flooring type
- Concrete
- Building materials
- Brick, Frame, Stucco
- Roof type
- Flat
Listing Agency:
Redbud Offices LLC
(469) 434-7300
Listed By:
Anoo Sathappun
(214) 763-0411
Added: Jul 15
Last Checked: Jul 24 at 1:06PM
MLS# 21294842
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 multi-tenant retail property includes a total of 18,885 square feet of building space on 3.559 acres. The site also offers additional buildable land behind the existing building. Current tenants include a mix of service and food concepts such as massage, bookkeeping, a gold and silver shop, donut shop, pizza shops, and an ice cream shop, alongside a gas station.
The property is commercially zoned and is anchored by Casey's General Stores convenience store and gas station. The center is diagonally located near Walmart Neighborhood Market, supporting day-to-day retail traffic from nearby retail demand.
For buyers or operators, the zoning and tenant mix support a broad range of uses including professional offices, salon suites, recreational facilities, gyms, retail shops (excluding smoking or vape shops), shopping, cafes, and restaurants, along with other permitted businesses. The availability of buildable land behind the current building may also appeal to users and investors looking to expand or reconfigure over time within the commercially zoned site.
The property is commercially zoned and is anchored by Casey's General Stores convenience store and gas station. The center is diagonally located near Walmart Neighborhood Market, supporting day-to-day retail traffic from nearby retail demand.
For buyers or operators, the zoning and tenant mix support a broad range of uses including professional offices, salon suites, recreational facilities, gyms, retail shops (excluding smoking or vape shops), shopping, cafes, and restaurants, along with other permitted businesses. The availability of buildable land behind the current building may also appeal to users and investors looking to expand or reconfigure over time within the commercially zoned site.
Key Highlights
- Multi‑tenant retail property in Sherman, TX with 18,885 SF building on 3.559 acres
- Anchored by Casey's General Stores convenience store and gas station
- Currently occupied by a diverse tenant mix including massage, bookkeeping, gas station, gold and silver shop, donut shop, pizza shops, and ice cream shop
Financial Insights For Industrial
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 | $154.1k | $8.16 |
| − Vacancy | −$13.6k | −$0.72 |
| EGI | $140.5k | $7.44 |
| − OpEx | −$42.2k | −$2.23 |
| NOI | $98.4k | $5.21 |
18,885 SF · lease $8.16/SF/yr · vacancy 8.80% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$4.80M
$4.20M – $5.60M
NOI $335,851 @ 7.0% cap · market cap 12.46%
Second Best
Retail
$4.48M
$3.92M – $5.22M
NOI $313,461 @ 7.0% cap · market cap 11.63%
Theoretical Best
Hotel Hospitality
$9.69M
$8.48M – $11.30M
NOI $678,160 @ 7.0% cap · market cap 25.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Total Health Chiropractic ...
Alternative Medicine Practice
Casey's
Take-out & Catering
Acme Cleaners
(Bike/Boat/Book/etc) Store
Momo's Donuts
Bakery
MAXIM Salon and Spa
Hair Salon
Similar Off Market Nearby
- Canyon Creek Shopping Center — 155709, Sherman, TX 75092
FAQs
What type of property is this?
Shopping center - A multi-tenant retail property with an on-site convenience store and available buildable land behind the building.
Where is this shopping center located?
The property is located at 2121 N Fm 1417 Sherman, TX.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: Multi‑tenant retail property in Sherman, TX with 18,885 SF building on 3.559 acres; Anchored by Casey's General Stores convenience store and gas station; Currently occupied by a diverse tenant mix including massage, bookkeeping, gas station, gold and silver shop, donut shop, pizza shops, and ice cream shop
