Sherman Office Building in Medical
3415 N Loy Lake Road, Sherman, TX 75090
Office - Sherman, TX
Type:Office
Property size:
3,400 SFLot size:
0.47 AcresPrice / SF:
$250/SF- Added:
- Feb 13, 2026
- Days on Market:
- 92
- Last Refresh:
- May 16 at 1:06 am
Property Features for 3415 N Loy Lake Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 154695
- Size
- 3,400 SF
- Lot size
- 0.47 Acres
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1984
- Flooring type
- Carpet, Linoleum, Tile
- Building materials
- Brick
- Roof type
- Concrete, Spanish Tile, Tile
- Architectural style
- Other
Listing agent Terrin Bertholf License #0649544 (903) 267-1573
Listing office Bertholf Commercial Real Estate 118 W Chestnut, Denison, TX (903) 267-1573
Listing date Feb 13, 2026
MLS# 21175449
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 in Sherman's growing medical corridor with excellent access to healthcare providers and major roadways.
- Adaptable layout suitable for owner‑occupied medical practice, specialty clinic, or multi‑tenant office configuration.
- Existing infrastructure includes 10 exam rooms, multiple plumbed closets, several common areas, and ample storage.
- Potential for expansion with additional land to the east and a clear‑span attic designed for a potential second floor.
- Flexible reconfiguration options with non‑weight bearing walls in the west suite.
- Recent parking lot repaving (2024) with 23 efficiently laid‑out spaces.
Overview
Located in Sherman’s growing medical corridor, this 3,400 SF office building, constructed in 1984, provides access to healthcare providers and major roadways. The property is currently configured for a single medical practice but is separately metered for two suites. The building features 10 exam rooms, multiple plumbed closets, several common areas, and ample storage. A four-zone HVAC system and an external mechanical room facilitate servicing. The west suite includes non-weight bearing walls for reconfiguration, and the east side has a clear-span attic designed for a potential second floor. The parking lot, repaved in 2024, provides 23 spaces, and additional land to the east was originally planned for expansion. Situated on a 0.47-acre lot, the site is suited for an owner-occupied medical practice, specialty clinic, or multi-tenant office configuration. The property is surrounded by established healthcare providers and new medical development, making it a strong option for an owner-user or multi-tenant investment.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$631.9K
NOI $56,872 @ 9.00% cap · cautious / downside scenario
Moderate
$812.5K
NOI $56,872 @ 7.00% cap · market / base-case scenario
Aggressive
$1.14M
NOI $56,872 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.4k | $30.72 |
| − Vacancy | −$28.6k | −$8.42 |
| EGI | $75.8k | $22.30 |
| − OpEx | −$19.0k | −$5.58 |
| NOI | $56.9k | $16.73 |
3,400 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$812.5K
$710.9K – $947.9K
NOI $56,872 @ 7.0% cap · market cap 6.69%
Second Best
Healthcare Medical
$738.6K
$646.3K – $861.7K
NOI $51,702 @ 7.0% cap · market cap 6.08%
Theoretical Best
Hotel Hospitality
$1.74M
$1.53M – $2.03M
NOI $122,094 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Tadi Ciszak, MD
Physician
Premier Foot & Ankle
Physician
North Texas Foot ...
Medical Clinic
Salcher Christina M ...
Physician
Mohammad-Asad Ilahi
Physician
Location Insight
- Map
- Local Demand
- City
- Sherman
- County
- Grayson
- State
- Texas
- Longitude
- -96.606208
- Latitude
- 33.674723
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - 3,400 SF office building in Sherman's growing medical corridor.
Where is this medical office space located?
The property is located at 3415 N Loy Lake Road Sherman, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Prime location in Sherman's growing medical corridor with excellent access to healthcare providers and major roadways.; Adaptable layout suitable for owner‑occupied medical practice, specialty clinic, or multi‑tenant office configuration.; Existing infrastructure includes **10 exam rooms**, multiple plumbed closets, several common areas, and ample storage.
