Leased Multi-Unit Retail
115 Wall Street Sherman, TX 75090
115 Wall Street, Sherman, TX, 75090
$149,000
For Sale
$149,000
Four contiguous storefront units are offered for sale, with one currently leased to a boba tea tenant.
Property Size675 SF
Price / SF$220.74
Days on Market48
Property Features for 115 Wall Street
General Information
- Standard status
- Active
- Size
- 675 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1953
Listing agency
Tracy Realty
(903) 786-3115
Listed by
Tommi Sue Homuth · License #623240
(903) 786-3115
Source
Signaturere
Added: Jun 4 Updated: Jul 10 at 1:48PM Checked: Jul 20 at 4:27AM
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 for-sale retail property offers multiple storefront units, presented as an opportunity to purchase a single unit or all four. The building supports neighborhood-oriented food and beverage concepts, aligning with the property’s use profile that includes coffee shops and restaurants alongside general retail and storefront use.
Located at 115 Wall Street in Sherman, TX, the property is described as being just steps from the Square. The immediate area is characterized by surrounding local businesses, including Lupe’s Tamales, Electric Tattoo, and a new upscale cocktail bar, and it benefits from frequent community events and festivals referenced in the offering.
One of the units is currently leased to a boba tea shop, providing an immediate tenant within the retail mix. For buyers and brokers, the setup can fit a range of strategies, including acquiring a leased storefront for continued operations or consolidating the full set of units to pursue a broader tenant plan in a walkable, event-driven county seat environment.
Located at 115 Wall Street in Sherman, TX, the property is described as being just steps from the Square. The immediate area is characterized by surrounding local businesses, including Lupe’s Tamales, Electric Tattoo, and a new upscale cocktail bar, and it benefits from frequent community events and festivals referenced in the offering.
One of the units is currently leased to a boba tea shop, providing an immediate tenant within the retail mix. For buyers and brokers, the setup can fit a range of strategies, including acquiring a leased storefront for continued operations or consolidating the full set of units to pursue a broader tenant plan in a walkable, event-driven county seat environment.
Key Highlights
- Four contiguous storefront units for sale in Sherman, TX (Year built: 1953).
- One unit is currently leased to a boba tea tenant.
- Units are located just steps from the Square and along E Wall St, near local businesses.
Local Financial Insights For Specialty 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 | $16.8k | $24.96 |
| − Vacancy | −$842 | −$1.25 |
| EGI | $16.0k | $23.71 |
| − OpEx | −$4.0k | −$5.93 |
| NOI | $12.0k | $17.78 |
675 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$171.5K
$150.1K – $200.1K
NOI $12,004 @ 7.0% cap · market cap 8.06%
Second Best
Retail
$160.1K
$140.1K – $186.7K
NOI $11,204 @ 7.0% cap · market cap 7.52%
Theoretical Best
Hotel Hospitality
$346.3K
$303.0K – $404.0K
NOI $24,239 @ 7.0% cap · market cap 16.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Coffee shops
Similar For Sale Nearby
Similar Off Market Nearby
- Hole in the Wall Get-Away Cafe — 901 E Lamar St Ste. F, Sherman, TX 75090
- Bean Me Up Coffee & Bistro — 115 S Travis St, Sherman, TX 75090
- The Loft Downtown — 100 s crockett st suite 200, sherman, tx 75090
- The White Rabbit Coffee House — 100 S Crockett St Suite 200, Sherman, TX 75090
- The Loft Coffee House — 100 s crockett st suite 200, sherman, tx 75090
FAQs
What type of property is this?
Coffee shop - Four contiguous storefront units are offered for sale, with one currently leased to a boba tea tenant.
Where is this coffee shop located?
The property is located at 115 Wall Street Sherman, TX.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Four contiguous storefront units for sale in Sherman, TX (Year built: 1953).; One unit is currently leased to a boba tea tenant.; Units are located just steps from the Square and along E Wall St, near local businesses.
