Downtown Retail Multi-Unit
117-121 E Wall Sherman, TX 75090
For Sale
$646,000
Four rental storefront spaces are available in one Downtown Sherman complex, with options to buy individually or together.
Property Size2,964 SF
Price / SF$217.95
Days on Market93
Property Features for 117-121 E Wall
General Information
- Standard status
- Active
- Size
- 2,964 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1953
Listing Agency:
Tracy Realty
(903) 786-3115
Listed By:
Tommi Sue Homuth · License #623240
Source:
Signaturere
Added: Apr 22
Changed: Jul 22
Last Checked: Jul 23 at 6:26AM
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 Tracy Realty
Investment Insights
Based on property information with market context.
This offering includes four separate rental storefront spaces within the same retail complex at 117-121 E Wall. The property is offered for sale with the option to purchase a single unit or all four.
The building is located in Downtown Sherman on Wall Street, approximately a half block off Travis Street. The complex is also listed as being in the same location as Lupe's Famous Tamales.
The City of Sherman is noted as offering Downtown Building Improvement Grants, including support related to grease traps and help with fire suppression systems, with additional incentive program information referenced in the supplements.
The building is located in Downtown Sherman on Wall Street, approximately a half block off Travis Street. The complex is also listed as being in the same location as Lupe's Famous Tamales.
The City of Sherman is noted as offering Downtown Building Improvement Grants, including support related to grease traps and help with fire suppression systems, with additional incentive program information referenced in the supplements.
Key Highlights
- Four downtown Sherman rental storefront spaces available in the same complex on Wall Street—buy one or all four
- Year built: 1953
- Pricing: $169,000 for the end unit; $159,000 each for the other interior units
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 | $74.0k | $24.96 |
| − Vacancy | −$3.7k | −$1.25 |
| EGI | $70.3k | $23.71 |
| − OpEx | −$21.1k | −$7.11 |
| NOI | $49.2k | $16.60 |
2,964 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$702.8K
$615.0K – $820.0K
NOI $49,198 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.52M
$1.33M – $1.77M
NOI $106,437 @ 7.0% cap · market cap 16.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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 rental storefront spaces are available in one Downtown Sherman complex, with options to buy individually or together.
Where is this storefront property located?
The property is located at 117-121 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 downtown Sherman rental storefront spaces available in the same complex on Wall Street—buy one or all four; Year built: 1953; Pricing: $169,000 for the end unit; $159,000 each for the other interior units
