Downtown Retail Storefront
115-121 E Wall Sherman, TX 75090
115-121 E Wall, Sherman, TX, 75090
$566,000
For Sale
$566,000
COMMERCIAL - Sherman, TX
Property Size2,610 SF
Lot Size0.05 Acres
Price / SF$216.86
Days on Market47
Property Features for 115-121 E Wall
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- On Street, Open
- Standard status
- Active
- APN
- 272603
- Size
- 2,610 SF
- Lot size
- 0.05 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1953
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Concrete, Laminate
- Building materials
- Brick
Listing Agency
Tracy Realty
(903) 786-3115
Denison, TX
Listed by
Tommi Sue Homuth · License #0623240
(903) 786-3115
Added: Jun 2 Checked: Jul 18 at 2:06 am
MLS# 21220383
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 consists of four individual rental storefront spaces within the same downtown complex, allowing an owner to purchase a single unit or acquire all four. The property totals approximately 2,610 square feet and is presented as a multi-unit retail configuration suited for small-format tenant occupancy.
The buildings are located on E Wall in Downtown Sherman, with the listing noting proximity to Travis Street and inclusion within a complex that also contains Lupe’s Famous Tamales. The City of Sherman provides Downtown Building Improvement Grants, with the remarks specifically referencing assistance related to grease traps and help with fire suppression systems, as detailed in the available supplements.
For prospective tenants and buyers, the ability to own one or multiple storefronts can support a range of retail operating plans, from occupying a single space to expanding across the full set. Because the spaces are marketed as separate rentals, interested parties can evaluate each unit’s fit within the broader downtown retail environment while also reviewing the City’s stated grant framework for eligible improvements.
The buildings are located on E Wall in Downtown Sherman, with the listing noting proximity to Travis Street and inclusion within a complex that also contains Lupe’s Famous Tamales. The City of Sherman provides Downtown Building Improvement Grants, with the remarks specifically referencing assistance related to grease traps and help with fire suppression systems, as detailed in the available supplements.
For prospective tenants and buyers, the ability to own one or multiple storefronts can support a range of retail operating plans, from occupying a single space to expanding across the full set. Because the spaces are marketed as separate rentals, interested parties can evaluate each unit’s fit within the broader downtown retail environment while also reviewing the City’s stated grant framework for eligible improvements.
Key Highlights
- Four rental spaces for sale in Downtown Sherman on Wall Street—buy one or buy all four.
- Rental‑space pricing ranges from $149,000 (end unit) to $139,000 for each interior unit.
- Brick construction with laminate and concrete flooring.
Local Financial Insights For Retail
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 | $65.1k | $24.96 |
| − Vacancy | −$3.3k | −$1.25 |
| EGI | $61.9k | $23.71 |
| − OpEx | −$18.6k | −$7.11 |
| NOI | $43.3k | $16.60 |
2,610 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$618.9K
$541.5K – $722.0K
NOI $43,322 @ 7.0% cap · market cap 7.65%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.34M
$1.17M – $1.56M
NOI $93,725 @ 7.0% cap · market cap 16.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Hannah's Florist — 225 S Travis St, Sherman, TX 75090
- Douglas Floral — 115 E Brockett St, Sherman, TX 75090
FAQs
What type of property is this?
Storefront property - Four separate rental storefront spaces for sale near Travis Street in downtown Sherman, TX.
Where is this storefront property located?
The property is located at 115-121 E Wall Sherman, TX.
What is the asking price?
The asking price for this property is $566,000.
What are key features of this property?
This property features: Four rental spaces for sale in Downtown Sherman on Wall Street—buy one or buy all four.; Rental‑space pricing ranges from $149,000 (end unit) to $139,000 for each interior unit.; Brick construction with laminate and concrete flooring.
