Sherman, Texas Commercial
117 Houston St, Sherman, TX 75090
Other commercial real estate
Property size:
5,000 SFLot size:
0.32 AcresPrice / SF:
$189/SF- Added:
- May 2, 2026
- Days on Market:
- 47
- Last Refresh:
- May 2 at 8:39 am
Property Features for 117 Houston St
General Information
- Standard status
- Active
- Property type
- Other commercial real estate, Other retail properties
- Size
- 5,000 SF
- Lot size
- 0.32 Acres
Building Details
- Year Built
- 1895
- Stories
- 1
- Units
- 1
Listing office
Listing date May 2, 2026
Overview
This commercial property in Sherman, Texas, presents an opportunity for investors or business owners. Zoned C-2 Commercial, the property allows for a range of retail and wholesale uses, in addition to all permitted C-1 uses. The one-level building offers 5,000 square feet of space with a large, open configuration. Interior walls could be erected to customize the space. A non-structural framed sheetrock wall currently separates approximately 40% of the square footage in the back. The perimeter walls are original brick with plaster overlay, with exposed brick in some areas for aesthetic purposes. The property includes two functional bathrooms in the front and two plumbed bathrooms without fixtures in the back. The building and property have been well maintained. A ramp and loading dock with an 8-foot rollup door provide delivery access. The sale includes an adjacent parking lot with over 5,000 square feet. The lot size is 0.3225 acres.
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 | $124.8k | $24.96 |
| − Vacancy | −$6.2k | −$1.25 |
| EGI | $118.6k | $23.71 |
| − OpEx | −$35.6k | −$7.11 |
| NOI | $83.0k | $16.60 |
5,000 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.38M
NOI $82,992 @ 7.0% cap · market cap 8.78%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.56M
$2.24M – $2.99M
NOI $179,550 @ 7.0% cap · market cap 19.00%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Wild West Pawn
Discount Store
Location Insight
- Map
- Local Demand
- City
- Sherman
- County
- Grayson
- State
- Texas
- Longitude
- -96.6091746
- Latitude
- 33.6365594
Nearby Similar for Sale
FAQs
Where is this commercial real estate located?
The property is located at 117 Houston St Sherman, TX.
What is the asking price?
The asking price for this property is $945,000.
