Office Unit Near
For Sale
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120 S Crockett Street, Sherman, TX 75090
Reception, eight private offices, conference space, and support rooms create a functional professional layout.
Property Size3,000 SF
Price / SF$0.67
Days on Market90
Property Features for 120 S Crockett Street
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Amenities
welcoming reception area
six spacious private offices
two executive offices
conference room
dedicated copy room
break room
restrooms
Building Details
Year Built
1920
Listing Agency:
Tracy Realty
(903) 786-3115
Listed By:
Tommi Sue Homuth · License #0623240
(469) 879-2265
Source:
Dallasandbeyond
Added: Jul 26
Changed: Oct 15
Last Checked: Oct 20 at 8:12PM
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
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Investment Insights
Based on property information with market context.
This 3,000-square-foot office unit was constructed in 1920 and offers a defined layout for professional office operations. The interior includes a reception area, six private offices, two executive offices with views toward Historic Sherman Square, a conference room, copy room, break room, and restrooms.
The property is located at 120 S Crockett Street in Sherman, directly across from the Grayson County Courthouse. The County Sheriff's office is nearby, while the Federal Courthouse is a few blocks away. Its established civic-office setting places the property among several government facilities and supports a professional business environment.
The property is located at 120 S Crockett Street in Sherman, directly across from the Grayson County Courthouse. The County Sheriff's office is nearby, while the Federal Courthouse is a few blocks away. Its established civic-office setting places the property among several government facilities and supports a professional business environment.
Key Highlights
- 3,000‑square‑foot office unit
- Built in 1920
- Six private offices plus two executive offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,181
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,620
$1.0M
Cap Rate 7%
$716,871
$716.9K
Cap Rate 9%
$557,567
$557.6K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$92.2K $30.72/SF
− Vacancy
−$25.3K −$8.42/SF
EGI
$66.9K $22.30/SF
− OpEx
−$16.7K −$5.58/SF
NOI
$50.2K $16.73/SF
Area
Grayson County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,620
Cap Rate 7%
$716,871
Cap Rate 9%
$557,567
Alternative Uses
Best Use
Office B
$716.9K
$627.3K – $836.4K
NOI $50,181 @ 7.0% cap · market cap 2,509.05%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.54M
$1.35M – $1.80M
NOI $107,730 @ 7.0% cap · market cap 5,386.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,235
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Reception, eight private offices, conference space, and support rooms create a functional professional layout.
Where is this office unit located?
The property is located at 120 S Crockett Street Sherman, TX.
What are key features of this property?
This property features: 3,000‑square‑foot office unit; Built in 1920; Six private offices plus two executive offices
