Back to Search

Sherman Medical Office Building For Sale

3415 N Loy Lake Road, Sherman, TX 75090

View on Map

For Sale

$850,000

3,400 SF medical office building in growing medical corridor.

Type:Commercial

Property size:

3,400 SF

Price / SF:

$250/SF

HighLights

Prime location in Sherman's growing medical corridor with excellent access to healthcare providers and major roadways.
Ideal for owner‑occupied medical practice, specialty clinic, or multi‑tenant office configuration.
Separately metered for two suites, offering flexibility for single or multi‑tenant use.
Includes 10 exam rooms, multiple plumbed closets, several common areas, and ample storage.
Flexible reconfiguration options with non‑weight bearing walls in the west suite and clear‑span attic designed for a potential second floor on the east side.
Recent parking lot repaving (2024) with 23 spaces and additional land for expansion.

We can help!

Listing Contact

Terrin Bertholf

Learn more

For Sale

$850,000

3,400 SF medical office building in growing medical corridor.

Type:Commercial

Property size:

3,400 SF

Price / SF:

$250/SF

Added:: Apr 22, 2026
Days on Market:: 54
Last Refresh:: Apr 22 at 5:22 pm

Property Features for 3415 N Loy Lake Road

General Information

Standard status: Active
Size: 3,400 SF
Property subtype: Commercial

Building Details

Year Built: 1984

We can help!

Listing Contact

Terrin Bertholf

Listing agent Terrin Bertholf

Listing office Bertholf Commercial Real Estate

Listing date Apr 22, 2026

Source Signaturere

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 Bertholf Commercial Real Estate

HighLights

Prime location in Sherman's growing medical corridor with excellent access to healthcare providers and major roadways.
Ideal for owner‑occupied medical practice, specialty clinic, or multi‑tenant office configuration.
Separately metered for two suites, offering flexibility for single or multi‑tenant use.
Includes 10 exam rooms, multiple plumbed closets, several common areas, and ample storage.
Flexible reconfiguration options with non‑weight bearing walls in the west suite and clear‑span attic designed for a potential second floor on the east side.
Recent parking lot repaving (2024) with 23 spaces and additional land for expansion.

Overview

This 3,400 square foot office building, constructed in 1984, is situated in Sherman's expanding medical corridor, offering convenient access to nearby healthcare providers and major roads. Currently configured for a single medical practice, the property is equipped with separate meters for two suites. The interior features 10 exam rooms, multiple plumbed closets, several common areas, and ample storage space. A four-zone HVAC system and an external mechanical room facilitate servicing. The west suite's walls are primarily non-weight bearing, allowing for flexible reconfiguration, while the east side includes a clear-span attic designed to accommodate a potential second floor. The parking lot, repaved in 2024, provides 23 spaces. Additional land to the east was originally designated for expansion. The site is suitable for an owner-occupied medical practice, specialty clinic, or multi-tenant office arrangement. The property's location is surrounded by established healthcare providers and new medical developments, making it a viable option for an owner-user or multi-tenant investment.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$104.4k	$30.72
− Vacancy	−$28.6k	−$8.42
EGI	$75.8k	$22.30
− OpEx	−$19.0k	−$5.58
NOI	$56.9k	$16.73

3,400 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%

Alternative Uses

Best Use

Office B

$812.5K

$710.9K – $947.9K (±1% cap)

NOI $56,872 @ 7.0% cap · market cap 6.69%

Second Best

Healthcare Medical

$738.6K

$646.3K – $861.7K (±1% cap)

NOI $51,702 @ 7.0% cap · market cap 6.08%

Theoretical Best

Hotel Hospitality

$1.74M

$1.53M – $2.03M (±1% cap)

NOI $122,094 @ 7.0% cap · market cap 14.36%

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

Location Intelligence

Current Use by Public Records

Tadi Ciszak, MD Physician Premier Foot & Ankle Physician North Texas Foot ... Medical Clinic Salcher Christina M ... Physician Mohammad-Asad Ilahi Physician

Suggested Use

Location Insight

Map
Local Demand

City: Sherman
County: Grayson
State: Texas
Longitude: -96.6062336
Latitude: 33.6748293

Nearby Similar for Sale

$1,500,000

3,767 SF

Flex Property with Climate-Controlled Shop

Climate-controlled workshop plus showroom and separate office building support a variety of service and light industrial uses.

2411 Texoma Parkway, Sherman, TX 75090

View Details
$566,000

2,610 SF

Downtown Retail Storefront Portfolio

Four separate rental storefront spaces for sale near Travis Street in downtown Sherman, TX.

115-121 E Wall, Sherman, TX 75090

View Details
$799,000

4,950 SF

Live-Work Loft with Retail

Mixed-use loft above street-level retail near Sherman Square, with exposed brick, two bedrooms, patio, and flexible all-seasons room.

205 & 207 E Houston Street, Sherman, TX 75090

View Details
$1,499,000

Flex Space with Separate Entry

Versatile flex layout with classroom space and a separate north-side entrance for office or light manufacturing use.

920 Heritage Parkway, Sherman, TX 75092

View Details
$850,000

Medical Office Building with Two Suites

Two separately metered suites with exam rooms, multi-zone HVAC, and repaved parking support flexible medical or office use.

3415 N Loy Lake Road, Sherman, TX 75090

View Details
$1,200,000

Turnkey Medical Office Building with X-Ray

Purpose-built two-story medical office with exam rooms, private offices, and an on-site X-Ray room set for clinical workflows.

1700 Gallagher Drive, Sherman, TX 75090

View Details
$549,000

Two-Building Flex and Auto Property

Two separate commercial buildings offer flexible workspace for owner-users or investors seeking service-based income potential.

520 S Sam Rayburn Freeway, Sherman, TX 75090

View Details
$2,500,000

Historic Multi-Story Building

Three-floor, elevator-served building restored to studs for a full remodel with prime downtown retail and mixed-use potential.

115 S Travis Street, Sherman, TX 75090

View Details
$945,000

5,000 SF

Sherman, Texas Commercial Opportunity

C-2 zoned property with parking lot in Sherman, Texas.

117 Houston St, Sherman, TX 75090

View Details
$950,000

C-2 Redevelopment Motel Site

Redevelopment-ready C-2 property with motel structures and broad retail, service, or office potential.

2424 Texoma Parkway, Sherman, TX 75090

View Details
$149,000

675 SF

Leased Retail Storefront with Multiple Units

Acquire one unit or the full group, anchored by an in-place Boba Tea tenant on Wall Street.

115 Wall Street, Sherman, TX 75090

View Details
$1,500,000

Medical Office Building

Well-positioned medical office building offering flexible space for patient care and professional offices.

500 E Peyton Street, Sherman, TX 75090

View Details

For sale
Medical Office Space
TX
Sherman
75090
3415 N Loy Lake Road

What type of property is this?

Medical Office Space - 3,400 SF medical office building in growing medical corridor.

Where is this medical office space located?

The property is located at 3415 N Loy Lake Road Sherman, TX.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: Prime location in Sherman's growing medical corridor with excellent access to healthcare providers and major roadways.; Ideal for owner‑occupied medical practice, specialty clinic, or multi‑tenant office configuration.; Separately metered for two suites, offering flexibility for single or multi‑tenant use.