Brick Coffee Shop
For Sale
$149,000
115 Wall Street, Sherman, TX 75090
COMMERCIAL - Sherman, TX
Property Size675 SF
Lot Size0.05 Acres
Price / SF$220.74
Days on Market71
Property Features for 115 Wall Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Central Business
Parking features
Open, On Street
Subdivision
Shannon T J Suppl
Directions
From Downtown Sherman, from Travis go east on Wall Street
Standard status
Active
APN
272603
Size
675 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Description
SHANNON T J SUPPLEMENT, BLOCK D, LOT PT 7, 15
Tax Annual Amount
2616
Legal Description
SHANNON T J SUPPLEMENT, BLOCK D, LOT PT 7, 15
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1953
Floors in Building
1
Number of units
1
Flooring type
Laminate, Tile
Building materials
Brick
Listing Agency:
Tracy Realty
(903) 786-3115
Listed By:
Tommi Sue Homuth · License #0623240
(903) 786-3115
Added: Jun 2
Changed: Aug 4
Last Checked: Aug 11 at 8:06PM
MLS# 21267580
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.
Brick coffee shop storefront building at 115 Wall Street in Sherman, Texas. The offering includes a unit currently leased to a boba tea shop, with the option to own one unit or all four.
Construction materials include brick, and the interior finishes feature laminate and tile flooring. The property has central electric heating and central air cooling. Parking is provided as open and on-street.
Built in 1953, the site sits on a 0.051-acre lot and is served by public water and public sewer. The property is positioned on East Wall Street, described as being just steps from the Square, placing it among nearby local businesses.
Construction materials include brick, and the interior finishes feature laminate and tile flooring. The property has central electric heating and central air cooling. Parking is provided as open and on-street.
Built in 1953, the site sits on a 0.051-acre lot and is served by public water and public sewer. The property is positioned on East Wall Street, described as being just steps from the Square, placing it among nearby local businesses.
Key Highlights
- 0.051‑acre lot with public water and public sewer
- Currently leased coffee shop unit (boba tea shop)
- Option to own one unit or all four units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,004
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$240,080
$240.1K
Cap Rate 7%
$171,486
$171.5K
Cap Rate 9%
$133,378
$133.4K
Market Conditions
NOI Build-Up for 675 SF
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.
Gross rent
$16.8K $24.96/SF
− Vacancy
−$842 −$1.25/SF
EGI
$16.0K $23.71/SF
− OpEx
−$4.0K −$5.93/SF
NOI
$12.0K $17.78/SF
Area
Grayson County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$240,080
Cap Rate 7%
$171,486
Cap Rate 9%
$133,378
Alternative Uses
Best Use
Specialty Retail
$171.5K
$150.1K – $200.1K
NOI $12,004 @ 7.0% cap · market cap 8.06%
Second Best
Retail
$160.1K
$140.1K – $186.7K
NOI $11,204 @ 7.0% cap · market cap 7.52%
Theoretical Best
Hotel Hospitality
$346.3K
$303.0K – $404.0K
NOI $24,239 @ 7.0% cap · market cap 16.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,235
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Hole in the Wall Get-Away Cafe — 901 E Lamar St Ste. F, Sherman, TX 75090
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- The White Rabbit Coffee House — 100 S Crockett St Suite 200, Sherman, TX 75090
- The Loft Coffee House — 100 s crockett st suite 200, sherman, tx 75090
Frequently Asked Questions
What type of property is this?
Coffee shop - Brick coffee shop unit leased to a boba tea shop with central electric heating and central air cooling.
Where is this coffee shop located?
The property is located at 115 Wall Street Sherman, TX.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: 0.051‑acre lot with public water and public sewer; Currently leased coffee shop unit (boba tea shop); Option to own one unit or all four units
