C-1 Storefront
For Sale
$278,000
119-121 E Wall, Sherman, TX 75090
The property has central air conditioning and central electric service in a commercial zoning district.
Property Size1,305 SF
Days on Market10
Property Features for 119-121 E Wall
General Information
Standard status
Active
Size
1,305 SF
Zoning
C-1
Amenities
Central Air, Electric
Central, Electric
On Street, Open
Building Details
Building Size
1,305 SF
Year Built
1953
Stories
1
Listing Agency:
Tracy Realty
Listed By:
Tommi Sue Homuth · License #0623240
(903) 786-3115
Source:
Evrealestate
Added: Sep 28
Changed: Oct 7
Last Checked: Oct 7 at 1:00PM
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 storefront property at 119-121 E Wall in Sherman was built in 1953. Interior features include central air conditioning and central electric service, with on-street and open parking noted among the exterior features.
The property is zoned C-1 and is located on E Wall in Grayson County.
The property is zoned C-1 and is located on E Wall in Grayson County.
Key Highlights
- C‑1 zoning
- Built in 1953
- Central air conditioning and central electric service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,661
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,220
$433.2K
Cap Rate 7%
$309,443
$309.4K
Cap Rate 9%
$240,678
$240.7K
Market Conditions
NOI Build-Up for 1,305 SF
Gross rent
$32.6K $24.96/SF
− Vacancy
−$1.6K −$1.25/SF
EGI
$30.9K $23.71/SF
− OpEx
−$9.3K −$7.11/SF
NOI
$21.7K $16.60/SF
Area
Grayson County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,220
Cap Rate 7%
$309,443
Cap Rate 9%
$240,678
Alternative Uses
Best Use
Retail
$309.4K
$270.8K – $361.0K
NOI $21,661 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$669.5K
$585.8K – $781.1K
NOI $46,863 @ 7.0% cap · market cap 16.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,260
Businesses Nearby
Balanced
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Hannah's Florist — 225 S Travis St, Sherman, TX 75090
- Douglas Floral — 115 E Brockett St, Sherman, TX 75090
Frequently Asked Questions
What type of property is this?
Storefront property - The property has central air conditioning and central electric service in a commercial zoning district.
Where is this storefront property located?
The property is located at 119-121 E Wall Sherman, TX.
What is the asking price?
The asking price for this property is $278,000.
What are key features of this property?
This property features: C‑1 zoning; Built in 1953; Central air conditioning and central electric service
