Industrial Flex with Pull-Through
224 E Cottage Street Sherman, TX 75090
New
224 E Cottage Street, Sherman, TX, 75090
$945,000
For Sale
$945,000
COMMERCIAL - Sherman, TX
Property Size8,000 SF
Lot Size3.10 Acres
Price / SF$118.13
Days on Market7
Property Features for 224 E Cottage Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Gated, Covered, Oversize, Parking Lot, Garage, Open, RV, Paved or Surfaced, On Street, Carport
- Standard status
- Active
- APN
- 167031
- Lot size
- 3.10 Acres
Taxes and HOA fees
- Tax Description
- G-0667 KITCHEN PRESTON A-G0667, ACRES 0.19
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Concrete
- Building materials
- MetalSiding
- Roof type
- Metal
Listing agency
eXp Realty LLC
(888) 519-7431
Listed by
Eric Rhoades · License #0617278
(888) 519-7431
Added: Jul 16 Checked: Jul 22 at 12:06PM
MLS# 21268814
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.
C2-zoned industrial flex property on approximately 3.1 acres with a functional multi-building layout. The main shop area includes a pull-through configuration, four roll-up doors, approximately 12.5' roll-up door height, and approximately 14.5' eave height, and is supported by site and building improvements including new fencing, new security lighting, updated electrical, repaired roof, new gutters, newly laid gravel, insulated shop area, and three-phase power.
The site provides multiple ingress and egress points and dual street access. An enclosed lean-to storage area includes four roll-up bay doors, and there is a separate exterior B-deck building estimated at approximately 1,600 SF with electricity and plumbing in place for water (buyer to verify).
The property is presented as a yard-and-shop setup suitable for contractors, fleet users, equipment storage, repair and service businesses, light manufacturing, or owner-users seeking flexible shop functionality supported by access, power, and outdoor storage space.
The site provides multiple ingress and egress points and dual street access. An enclosed lean-to storage area includes four roll-up bay doors, and there is a separate exterior B-deck building estimated at approximately 1,600 SF with electricity and plumbing in place for water (buyer to verify).
The property is presented as a yard-and-shop setup suitable for contractors, fleet users, equipment storage, repair and service businesses, light manufacturing, or owner-users seeking flexible shop functionality supported by access, power, and outdoor storage space.
Key Highlights
- C2‑zoned industrial property on approximately 3.1 acres with dual street access and multiple ingress/egress points
- Main shop area estimated at approximately 7,000–8,000 SF (buyer to verify) with pull‑through configuration and 4 roll‑up doors
- Approximately 12.5' roll‑up door height and approximately 14.5' eave height in the main shop area
Local Financial Insights For Warehouse
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 | $65.3k | $8.16 |
| − Vacancy | −$5.7k | −$0.72 |
| EGI | $59.5k | $7.44 |
| − OpEx | −$8.9k | −$1.12 |
| NOI | $50.6k | $6.33 |
8,000 SF · lease $8.16/SF/yr · vacancy 8.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$722.9K
$632.6K – $843.4K
NOI $50,605 @ 7.0% cap · market cap 5.36%
Second Best
Industrial
$595.4K
$520.9K – $694.6K
NOI $41,675 @ 7.0% cap · market cap 4.41%
Theoretical Best
Hotel Hospitality
$4.10M
$3.59M – $4.79M
NOI $287,280 @ 7.0% cap · market cap 30.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mitchell Development
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - C2-zoned industrial property with dual street access, pull-through shop, four roll-up doors, and yard-ready multi-building layout.
Where is this flex space located?
The property is located at 224 E Cottage Street Sherman, TX.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: C2‑zoned industrial property on approximately 3.1 acres with dual street access and multiple ingress/egress points; Main shop area estimated at approximately 7,000–8,000 SF (buyer to verify) with pull‑through configuration and 4 roll‑up doors; Approximately 12.5' roll‑up door height and approximately 14.5' eave height in the main shop area
