Office Building with Freeway
For Sale
Contact for pricing
1604 S Sam Rayburn Freeway, Sherman, TX 75090
Freeway access places this office property within reach of Sherman’s retail and service market.
Property Size1,020 SF
Lot Size0.34 Acres
Price / SF$1.37
Days on Market10
Property Features for 1604 S Sam Rayburn Freeway
General Information
Standard status
Active
Size
1,020 SF
Lot size
0.34 Acres
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Year Built
1960
Buildings
1
Building Size
1,020 SF
Listing Agency:
Magnorum Realty Services, LLC
Listed By:
James McDonald
(817) 487-7728
Source:
Magnorumrealty
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 28 at 2:46PM
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 Magnorum Realty Services, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,020-square-foot office building sits on a 0.344-acre parcel at 1604 S Sam Rayburn Freeway in Sherman. The site has direct exposure to US Highway 75, also known as the Sam Rayburn Freeway.
The property offers convenient access to Sherman’s retail and service market. Its address places the building along the freeway corridor in the city’s south-central area.
The property offers convenient access to Sherman’s retail and service market. Its address places the building along the freeway corridor in the city’s south-central area.
Key Highlights
- 1,020‑square‑foot office building on a 0.344‑acre parcel
- Direct exposure to US Highway 75, also known as the Sam Rayburn Freeway
- Located at 1604 S Sam Rayburn Freeway in Sherman
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,062
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,240
$341.2K
Cap Rate 7%
$243,743
$243.7K
Cap Rate 9%
$189,578
$189.6K
Market Conditions
NOI Build-Up for 1,020 SF
Gross rent
$31.3K $30.72/SF
− Vacancy
−$8.6K −$8.42/SF
EGI
$22.7K $22.30/SF
− OpEx
−$5.7K −$5.58/SF
NOI
$17.1K $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%
$341,240
Cap Rate 7%
$243,743
Cap Rate 9%
$189,578
Alternative Uses
Best Use
Office B
$243.7K
$213.3K – $284.4K
NOI $17,062 @ 7.0% cap · market cap 1,218.71%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$523.3K
$457.9K – $610.5K
NOI $36,628 @ 7.0% cap · market cap 2,616.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Freeway access places this office property within reach of Sherman’s retail and service market.
Where is this office building located?
The property is located at 1604 S Sam Rayburn Freeway Sherman, TX.
What are key features of this property?
This property features: 1,020‑square‑foot office building on a 0.344‑acre parcel; Direct exposure to US Highway 75, also known as the Sam Rayburn Freeway; Located at 1604 S Sam Rayburn Freeway in Sherman
