Two-Building Commercial Property Near
520 S Sam Rayburn Freeway Sherman, TX 75090
520 S Sam Rayburn Freeway, Sherman, TX, 75090
$475,000
For Sale
$475,000
COMMERCIAL - Sherman, TX
Property Size4,400 SF
Lot Size0.39 Acres
Price / SF$107.95
Days on Market20
Property Features for 520 S Sam Rayburn Freeway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot, Garage, Off Street, Open
- Standard status
- Active
- APN
- 161724
- Lot size
- 0.39 Acres
Taxes and HOA fees
- Tax Description
- G-0763 MCANAIR J B, ACRES .2978
- Tax Annual Amount
- 4205
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete
- Building materials
- AluminumSiding, MetalSiding, SteelSiding
- Roof type
- Metal
Listing Agency
Keller Williams Realty DPR
(972) 732-6000
Dallas, TX
Listed by
Seychelle Van Poole · License #0522221
(972) 732-6000
Added: Jul 2 Checked: Jul 21 at 12:06 am
MLS# 21231798
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 offering includes two commercial buildings on separate legal parcels, totaling approximately 4,400 square feet of building space across the two structures. The property is positioned for service-based businesses that need practical workspace, storage, and straightforward access. The buildings and land are included; the business and contents inside are not included.
The site is located at 520 S Sam Rayburn Freeway in Sherman, Texas, near US-75, providing convenient access to a major transportation corridor in North Texas. The separation into two parcels can support different operating scenarios for owner-users and investors.
From an owner-user perspective, the configuration can allow you to occupy one building while leasing or using the other as your additional workspace or income-producing space. For investors, the two-parcel, two-building layout provides a structure for multi-tenant operations or differentiated leasing strategies based on the needs of service and flex-style businesses. The lot totals approximately 0.389 acres and is sold as building and land only, making it well suited for buyers looking to tailor the spaces to their specific commercial requirements.
The site is located at 520 S Sam Rayburn Freeway in Sherman, Texas, near US-75, providing convenient access to a major transportation corridor in North Texas. The separation into two parcels can support different operating scenarios for owner-users and investors.
From an owner-user perspective, the configuration can allow you to occupy one building while leasing or using the other as your additional workspace or income-producing space. For investors, the two-parcel, two-building layout provides a structure for multi-tenant operations or differentiated leasing strategies based on the needs of service and flex-style businesses. The lot totals approximately 0.389 acres and is sold as building and land only, making it well suited for buyers looking to tailor the spaces to their specific commercial requirements.
Key Highlights
- Two commercial buildings on separate legal parcels in Sherman, TX
- Approx. 4,400 SF total building space across two structures
- Built in 1940; exterior includes aluminum, metal, and steel siding with a metal roof
Local 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 | $35.9k | $8.16 |
| − Vacancy | −$3.2k | −$0.72 |
| EGI | $32.7k | $7.44 |
| − OpEx | −$9.8k | −$2.23 |
| NOI | $22.9k | $5.21 |
4,400 SF · lease $8.16/SF/yr · vacancy 8.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.04M
$912.9K – $1.22M
NOI $73,033 @ 7.0% cap · market cap 15.38%
Second Best
Industrial
$327.4K
$286.5K – $382.0K
NOI $22,921 @ 7.0% cap · market cap 4.83%
Theoretical Best
Hotel Hospitality
$2.26M
$1.98M – $2.63M
NOI $158,004 @ 7.0% cap · market cap 33.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Feast On This! Catering — 1403 W Houston St, Sherman, TX 75092
- Garcia's Tamales & Tacos — 200 S Montgomery St, Sherman, TX 75090
- Sage Cafe — 210 W Houston St, Sherman, TX 75090
FAQs
What type of property is this?
Flex space - For sale: two separate parcels with two commercial buildings totaling building space for flexible contractor or service uses.
Where is this flex space located?
The property is located at 520 S Sam Rayburn Freeway Sherman, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two commercial buildings on separate legal parcels in Sherman, TX; Approx. 4,400 SF total building space across two structures; Built in 1940; exterior includes aluminum, metal, and steel siding with a metal roof
