Leased Retail Storefront
117 E Wall Street Sherman, TX 75090
117 E Wall Street, Sherman, TX, 75090
$139,000
For Sale
$139,000
Single storefront unit, leased and available as one of four options on East Wall Street.
Property Size675 SF
Price / SF$205.93
Days on Market47
Property Features for 117 E 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 5 Updated: Jul 10 at 1:51PM Checked: Jul 20 at 4:45AM
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 leased retail storefront unit is one of four available at the property, offering a flexible ownership option for buyers seeking either a single unit or the full group. The unit is presented in a compact, storefront format and totals 675 square feet, currently leased at the time of sale. A price improvement is noted for this offering.
The property is located at 117 E Wall Street in Sherman, Texas, described as being just steps from the Square. The surrounding East Wall Street area is characterized in the remarks as an active retail corridor, with nearby local businesses including Lupe’s Tamales and Electric Tattoo, along with a new upscale cocktail bar.
For tenants, an on-market, leased storefront can provide an established retail address within a lively downtown setting. For buyers, the configuration as one of four units may support straightforward scale, whether purchasing this unit alone or coordinating with the other available units for a more consolidated ownership position. The current lease status provides an immediate occupancy baseline at the time of closing, subject to the terms of the existing lease.
The property is located at 117 E Wall Street in Sherman, Texas, described as being just steps from the Square. The surrounding East Wall Street area is characterized in the remarks as an active retail corridor, with nearby local businesses including Lupe’s Tamales and Electric Tattoo, along with a new upscale cocktail bar.
For tenants, an on-market, leased storefront can provide an established retail address within a lively downtown setting. For buyers, the configuration as one of four units may support straightforward scale, whether purchasing this unit alone or coordinating with the other available units for a more consolidated ownership position. The current lease status provides an immediate occupancy baseline at the time of closing, subject to the terms of the existing lease.
Key Highlights
- Single storefront unit (one of four available) on East Wall Street in Sherman, TX
- Leased unit—available as one unit or with the other three options
- Year built: 1953
Local Financial Insights For 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 | −$4.8k | −$7.11 |
| NOI | $11.2k | $16.60 |
675 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$160.1K
$140.1K – $186.7K
NOI $11,204 @ 7.0% cap · market cap 8.06%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$346.3K
$303.0K – $404.0K
NOI $24,239 @ 7.0% cap · market cap 17.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bluebonnet Candle Co.
Home Decor Store
The Hair House
Hair Salon
Similar For Sale Nearby
Similar Off Market Nearby
- Hannah's Florist — 225 S Travis St, Sherman, TX 75090
- Douglas Floral — 115 E Brockett St, Sherman, TX 75090
FAQs
What type of property is this?
Storefront property - Single storefront unit, leased and available as one of four options on East Wall Street.
Where is this storefront property located?
The property is located at 117 E Wall Street Sherman, TX.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Single storefront unit (one of four available) on East Wall Street in Sherman, TX; Leased unit—available as one unit or with the other three options; Year built: 1953
