Warehouse with Fenced
For Sale
Contact for pricing
1715 N Grand Avenue, Sherman, TX 75090
Industrial facility with office buildout, expansive warehouse areas, multiple entry doors, and controlled outdoor storage space.
Property Size17,040 SF
Price / SF$0.29
Days on Market52
Property Features for 1715 N Grand Avenue
General Information
Standard status
Active
Size
17,040 SF
Property subtype
Warehouse
Warehouse & Industrial
Office Build-Out
1,800 SF
Drive-In Doors
4
Conditioned Warehouse
No
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1956
Buildings
2
Listing Agency:
Vincent Realty Group
(903) 870-8528
Listed By:
Sara Jerome · License #0630971
(903) 816-0009
Source:
Lonestarluxuryrealty
Added: Sep 2
Changed: Oct 4
Last Checked: Oct 20 at 10:38PM
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 Vincent Realty Group
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Investment Insights
Based on property information with market context.
Built in 1956, this warehouse property contains 17,040 square feet, including approximately 1,800 square feet of office space and more than 15,000 square feet across two connected warehouse buildings. The office area includes a front counter, a large open area, two private offices, and a bathroom, while a second bathroom serves the warehouse. HVAC is limited to the office portion.
The warehouse includes 20-foot-plus ceiling centers, four double doors, and three walk-in doors for moving merchandise and equipment. A chain-link and iron enclosure secures the outdoor yard. The property is accessible from Texoma Parkway and Frisco Road and is located in Sherman, Texas.
The warehouse includes 20-foot-plus ceiling centers, four double doors, and three walk-in doors for moving merchandise and equipment. A chain-link and iron enclosure secures the outdoor yard. The property is accessible from Texoma Parkway and Frisco Road and is located in Sherman, Texas.
Key Highlights
- 17,040 SF warehouse property built in 1956
- More than 15,000 SF of warehouse space across two attached buildings
- Approximately 1,800 SF of office space with front counter and 2 private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,482
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,629,640
$1.6M
Cap Rate 7%
$1,164,029
$1.2M
Cap Rate 9%
$905,356
$905.4K
Market Conditions
NOI Build-Up for 17,040 SF
Gross rent
$137.0K $8.04/SF
− Vacancy
−$11.6K −$0.68/SF
EGI
$125.4K $7.36/SF
− OpEx
−$43.9K −$2.57/SF
NOI
$81.5K $4.78/SF
Area
Grayson County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,629,640
Cap Rate 7%
$1,164,029
Cap Rate 9%
$905,356
Alternative Uses
Best Use
Warehouse
$1.54M
$1.35M – $1.80M
NOI $107,789 @ 7.0% cap · market cap 2,155.78%
Second Best
Industrial
$1.27M
$1.11M – $1.48M
NOI $88,767 @ 7.0% cap · market cap 1,775.34%
Theoretical Best
Hotel Hospitality
$8.74M
$7.65M – $10.20M
NOI $611,906 @ 7.0% cap · market cap 12,238.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
857
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- CubeSmart Self Storage — 1720 N Loy Lake Rd, Sherman, TX 75090
- Discount Climate Controlled — 2612 N Loy Lake Rd # 210, Sherman, TX 75090
- Keyport Self Storage — 2524 Frisco Rd, Sherman, TX 75090
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial facility with office buildout, expansive warehouse areas, multiple entry doors, and controlled outdoor storage space.
Where is this warehouse located?
The property is located at 1715 N Grand Avenue Sherman, TX.
What are key features of this property?
This property features: 17,040 SF warehouse property built in 1956; More than 15,000 SF of warehouse space across two attached buildings; Approximately 1,800 SF of office space with front counter and 2 private offices
