Downtown Sherman Retail Investment
115-121 E Wall, Sherman, TX 75090
- Added:
- Apr 24, 2026
- Days on Market:
- 40
- Last Refresh:
- Jun 2 at 9:06 pm
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
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1953
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Laminate, Concrete
- Building materials
- Brick
Listing agent Tommi Sue Homuth License #0623240 (903) 786-3115
Listing office Tracy Realty Denison, TX (903) 786-3115
Listing date Apr 24, 2026
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.
HighLights
- Four rental spaces available in downtown Sherman, offering immediate income potential.
- Located on Wall Street, the "coolest street" in downtown Sherman, near Travis Street and Lupe's Famous Tamales.
- Benefit from the significant economic growth in Grayson County, driven by the $60 billion investment in the Sherman Tech Center.
- City of Sherman offers Downtown Building Improvement Grants, including assistance with grease traps and fire suppression systems.
- Units available for individual purchase, with prices ranging from $159,000 to $169,000.
- Building constructed with durable brick materials.
Overview
Located on Wall Street in downtown Sherman, Texas, this offering includes four retail spaces. The property is situated just a half block from Travis Street, in the same complex as Lupe's Famous Tamales. The total property size is 2610 square feet, situated on a lot of approximately 0.05 acres. This property presents an opportunity to participate in the growth of Grayson County, with significant investment planned for the Sherman Tech Center. The City of Sherman provides Downtown Building Improvement Grants, including support for grease traps and fire suppression systems. These incentive programs are offered by the City of Sherman.
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 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.34M
$1.17M – $1.56M
NOI $93,725 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Sherman
- County
- Grayson
- State
- Texas
- Longitude
- -96.6088985
- Latitude
- 33.6378033
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Four retail spaces for sale in downtown Sherman, Texas.
Where is this retail space located?
The property is located at 115-121 E Wall Sherman, TX.
What is the asking price?
The asking price for this property is $646,000.
What are key features of this property?
This property features: Four rental spaces available in downtown Sherman, offering immediate income potential.; Located on Wall Street, the "coolest street" in downtown Sherman, near Travis Street and Lupe's Famous Tamales.; Benefit from the significant economic growth in Grayson County, driven by the $60 billion investment in the Sherman Tech Center.
