Historic Office
111 S Travis Street, Sherman, TX 75090
For Sale
$1,100,000
CommercialSale, Sherman, TX
Property Size5,898 SF
Lot Size0.06 Acres
Price / SF$186.50
Days on Market54
Property Features for 111 S Travis Street
General Information
Property type
Property subtype
Zoning description
Parking features
Subdivision
Lot features
Directions
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
conference room with views overlooking Downtown Square
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
CAPROCK Real Estate Advisors LLC
Listed By:
Josh Long · License TX #0694673
(469) 834-8063
Added: Sep 20
Changed: Oct 31
Last Checked: Nov 12 at 8:06PM
MLS# 21391586
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.
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Investment Insights
Based on property information with market context.
Constructed in 1920, this office property has 16 private offices and a large conference room on the second floor. The building’s brick, block, and concrete construction is complemented by laminate and carpet flooring, central heating and air conditioning, and a shingle roof. A parking lot provides 20 private spaces.
The property is on North Travis Street in downtown Sherman, near the Downtown Square, and is within the Sherman Opportunity Zone. The City of Sherman may provide incentives for redevelopment projects that meet its qualifications. The existing office configuration and conference space are among the building’s defined features.
The property is on North Travis Street in downtown Sherman, near the Downtown Square, and is within the Sherman Opportunity Zone. The City of Sherman may provide incentives for redevelopment projects that meet its qualifications. The existing office configuration and conference space are among the building’s defined features.
Key Highlights
- 16 private offices
- Second‑floor conference room overlooking the Downtown Square
- 20 private parking spaces
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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Property Analytics
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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 - A 16-office layout includes a second-floor conference room and dedicated parking in downtown Sherman.
Where is this office building located?
The property is located at 111 S Travis Street 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: 16 private offices; Second‑floor conference room overlooking the Downtown Square; 20 private parking spaces
