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    Retail Space in Sherman Center Title is generated by Realmo AI

    2916 N US HIGHWAY 75, Sherman, TX 75090

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    For Lease
    $5,481/Mo $22 SF/Yr (calc)

    Retail - Sherman, TX

    Type:Retail
    Property size:
    2,861 SF
    Lot size:
    0.07 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    48
    Last Refresh:
    May 13 at 1:06 am

    Property Features for 2916 N US HIGHWAY 75

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active
    APN
    204004
    Size
    2,861 SF
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1999
    Flooring type
    Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Ceci Henson

    Listing agent Ceci Henson License #0773751

    Listing office Sunet Group 6401 Eldorado Parkway, Suite 342, Richardson, TX

    Listing date Mar 27, 2026

    MLS# 21189552 Listing URL

    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.

    HighLights

    • Prime location at the southwest corner of N Hwy 75 and Hwy 82 in a high‑traffic business center.
    • High visibility signage and a large parking lot.
    • Located in the Sherman Crossroad Shopping Center with established tenants like Starbucks, Papa Johns, and Ashley Furniture.
    • Divisible 2861 sqft unit, offering flexibility for different business needs.
    • High traffic counts: Hwy 75 - 63,406 VPD, Hwy 82 - 28,404 VPD.
    • Proximity to major retailers like Walmart, Target, T.J. Maxx, and Cinemark Sherman.

    Overview

    Located in Sherman Crossroad Shopping Center, this retail space offers 2,861 square feet and is suitable for division into two units. The property is situated at the southwest corner of N Highway 75 and Highway 82, a high-traffic business center in Sherman. Four hotels are located behind the building. The location benefits from a large parking lot and high-visibility signage. Current tenants in the shopping center include Starbucks, Papa Johns, Lone Star Food Store-Valero, and Ashley Furniture. Other tenants include Jeweler's Bench, Stewards Southern Classic Daiquiri, Infinity & Beyond Vape, Regis Liquor, Luminess Beauty, Tokyo Hibachi & Sushi, King Buffet, Armed Forces - US Army-Navy, and Puppy Dreams. The shopping center is across Highway 82 from Walmart, with Sherman Town Center a half-mile down Highway 75, featuring Target, T.J. Maxx, Dollar Tree, Chick-fil-A, Panera Bread, Red Lobster, and Cinemark Sherman. Traffic counts are high, with 63,406 vehicles per day on Highway 75 and 28,404 vehicles per day on Highway 82. The lot size is 0.0657 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Puppy Dreams - Sherman ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center Hotel & Motel Auto Parts Store Pharmacy Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.614181
    Latitude
    33.669131

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    FAQs

    What type of property is this?
    Retail space - Retail space available in a high-traffic Sherman shopping center.
    Where is this retail space located?
    The property is located at 2916 N US HIGHWAY 75 Sherman, TX.
    What is the lease rate?
    The lease rate is $5,481 /Mo.
    What are key features of this property?
    This property features: Prime location at the southwest corner of N Hwy 75 and Hwy 82 in a high‑traffic business center.; **High visibility signage and a large parking lot.**; Located in the Sherman Crossroad Shopping Center with established tenants like Starbucks, Papa Johns, and Ashley Furniture.
    (972) 664-0500
    We can help!
    Listing Contact
    Ceci Henson
    Real Estate License ID: 0773751
    Learn More
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    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.

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    2916 N US HIGHWAY 75, Sherman, TX 75090
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