Downtown Sherman Property with
201 E Pecan Street Sherman, TX 75090
For Sale
$499,000
Downtown Sherman property suitable for entertainment, restaurant, or office.
Property Size1,500 SF
Lot Size0.59 Acres
Price / SF$332.67
Days on Market100
Property Features for 201 E Pecan Street
General Information
Standard status
Active
Size
1,500 SF
Lot size
0.59 Acres
Property subtype
Commercial
Building Details
Year Built
1974
Listing Agency:
Tracy Realty
(903) 786-3115
Listed By:
Tommi Sue Homuth · License #623240
(903) 786-3115
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 29 at 12:08PM
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 property is located in Downtown Sherman, one block from the Historic Downtown area. The property includes a building on a 0.59-acre lot. The building has 1500 square feet of space. The property is suitable for entertainment, a restaurant, or a professional office. The location offers possibilities amid the rapid growth in Grayson County.
Key Highlights
- Prime location: Just one block from Historic Downtown Sherman
- High‑potential property: Suitable for entertainment, restaurant, or professional office
- Substantial lot size: .59‑acre lot offers incredible possibilities
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 | $37.4k | $24.96 |
| − Vacancy | −$1.9k | −$1.25 |
| EGI | $35.6k | $23.71 |
| − OpEx | −$10.7k | −$7.11 |
| NOI | $24.9k | $16.60 |
1,500 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$355.7K
$311.2K – $415.0K
NOI $24,898 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$769.5K
$673.3K – $897.8K
NOI $53,865 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Hannah's Florist — 225 S Travis St, Sherman, TX 75090
- Douglas Floral — 115 E Brockett St, Sherman, TX 75090
Frequently Asked Questions
What type of property is this?
Storefront property - Downtown Sherman property suitable for entertainment, restaurant, or office.
Where is this storefront property located?
The property is located at 201 E Pecan Street Sherman, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Prime location: Just one block from Historic Downtown Sherman; High‑potential property: Suitable for entertainment, restaurant, or professional office; Substantial lot size: .59‑acre lot offers incredible possibilities
