Historic Office Building with Private
111 S Travis St, Sherman, TX 75090
For Sale
$1,100,000
Two-story office property with private workspaces and a conference room overlooking Sherman’s Downtown Square.
Property Size5,898 SF
Price / SF$186.50
Days on Market90
Property Features for 111 S Travis St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Opportunity Zone
Amenities
conference room
Building Details
Year Built
Buildings
Building Size
Listing Agency:
CAPROCK Real Estate Advisors LLC
Listed By:
Josh Long · License TX #0694673
(903) 200-5550
Source:
Easttxhomesforsale
Added: Aug 15
Changed: Nov 1
Last Checked: Nov 10 at 12:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CAPROCK Real Estate Advisors LLC
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Investment Insights
Based on property information with market context.
Built in 1920, this office property contains approximately 5,898 square feet in a two-story configuration. The interior includes 16 private offices and an oversized conference room on the second floor, with views toward Sherman’s Downtown Square. The building’s period character supports continued office occupancy as well as redevelopment or adaptive reuse, as permitted.
The property is located at 211 S Travis St in Sherman’s historic Downtown Square and includes 20 private parking spaces. It is also within the Sherman Opportunity Zone. The central setting, dedicated parking, and established office layout provide a defined commercial footprint in the downtown district.
The property is located at 211 S Travis St in Sherman’s historic Downtown Square and includes 20 private parking spaces. It is also within the Sherman Opportunity Zone. The central setting, dedicated parking, and established office layout provide a defined commercial footprint in the downtown district.
Key Highlights
- Approximately 5,898 square feet; built in 1920
- 16 private offices in a two‑story office building
- Oversized second‑floor conference room with views overlooking Downtown Square
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,656
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,973,120
$2.0M
Cap Rate 7%
$1,409,371
$1.4M
Cap Rate 9%
$1,096,178
$1.1M
Market Conditions
NOI Build-Up for 5,898 SF
Gross rent
$181.2K $30.72/SF
− Vacancy
−$49.6K −$8.42/SF
EGI
$131.5K $22.30/SF
− OpEx
−$32.9K −$5.58/SF
NOI
$98.7K $16.73/SF
Area
Grayson County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,973,120
Cap Rate 7%
$1,409,371
Cap Rate 9%
$1,096,178
Alternative Uses
Best Use
Office B
$1.41M
$1.23M – $1.64M
NOI $98,656 @ 7.0% cap · market cap 8.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.82M – $2.42M
NOI $145,232 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,235
Businesses Nearby
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Business Placement
Demographics for 75090, TX
25,002
Population
9,602
Households
2.6
Avg Household Size
35
Median Age
15%
College-Educated
84%
High-School Grad
78.5 sq mi
ZIP Area
318
Density / Sq Mi
$58,586
Median Household Income
$36,230
Median Earnings
$1,111
Median Rent
$163,500
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Grayson County, TX
Properties on Market for Office buildings in Grayson County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two-story office property with private workspaces and a conference room overlooking Sherman’s Downtown Square.
Where is this office building located?
The property is located at 111 S Travis St Sherman, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 5,898 square feet; built in 1920; 16 private offices in a two‑story office building; Oversized second‑floor conference room with views overlooking Downtown Square
