Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    230-232 W Lake St Sherman, TX 75090

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $450,000

    Built in 2020, perfect for cash flow or exchange.

    Lot size:
    0.18 Acres

    Property Features for 230-232 W Lake St

    General Information

    Lot size
    0.18 Acres

    Building Details

    Year built
    2020

    Source: Ebby Halliday, REALTORS Agent Pam Crum

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Duplex in Growing Sherman

    This duplex, constructed in 2020, presents a real estate opportunity within Sherman's expanding economy, with developments from TI and Global Wafers. It is suitable for cash flow generation or a 1031 exchange. Each side of the duplex features 3 bedrooms and 2.5 bathrooms, along with a garage. The layout is open-concept, with granite counters, tile backsplash, a smooth cooktop, microwave, and real wood cabinets. Each unit is equipped with a 3-ton heat pump, an energy-efficient HVAC system, a ceiling fan in the primary bedroom and living room, and 2-inch blinds on all windows. A large, fenced backyard includes a sprinkler system for both the front and back. The property offers convenient access to highways 75 and 1417. Showings are available for Unit 232 only, as Unit 230 is tenant-occupied.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.6063861
    Latitude
    33.6180278

    Nearby Similar for Sale

    • $1,499,900
      4,587 SF

      Sherman Farm/Ranch with Luxury Home

      Picturesque 13.28-acre farm with custom home, ponds, and shop.
      204 Tate Cir, Sherman, TX 75090
      View Details
    • New
      $367,900
      0.19 Acres

      Remodeled Duplex: Prime Investment Opportunity

      Remodeled duplex with new features, ideal for rental income.
      2222 N Hickory St, Sherman, TX 75092
      View Details
    • $1,250,000
      0.08 Acres

      Prime Sherman Office Building For Sale

      Two-story office building in downtown Sherman with private parking.
      111 S Travis St, Sherman, TX 75090
      View Details
    • $495,000
      0.29 Acres

      Sherman Office Duplex For Sale

      Office duplex in North TX growth zone, near US Highway 75.
      929 W Birge St, Sherman, TX 75092
      View Details
    • $1,500,000
      3,767 SF

      Texoma Parkway Retail Opportunity Zone

      Prime location retail property with showroom and shop in Sherman.
      2411 Texoma Pkwy, Sherman, TX 75090
      View Details
    • $400,000
      0.34 Acres

      Sherman, TX Medical Space

      Veterinarian office space in downtown Sherman, Texas for sale.
      825 N Crockett St, Sherman, TX 75090
      View Details

    FAQs

    What type of property is this?
    Duplex - Built in 2020, perfect for cash flow or exchange.
    Where is this duplex located?
    The property is located at 230-232 W Lake St Sherman, TX.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Built in 2020: Modern construction.; - Duplex: Ideal for cash flow through rental income or a 1031 exchange.; - Location: Close proximity to major developments and easy access to highways.
    Request Owner's contact information
    230-232 W Lake St Sherman, TX 75090
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    230-232 W Lake St
    Sherman, TX 75090
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    230-232 W Lake St Sherman, TX 75090
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.