Updated Office Suite with ADA
For Sale
Contact for pricing
Pending
201 S Travis Street, Sherman, TX 75090
Updated office suite includes ADA restrooms, reception area, nine offices, and conference and meeting rooms.
Property Size3,600 SF
Days on Market102
Property Features for 201 S Travis Street
General Information
Standard status
Pending
Size
3,600 SF
Total Parking Spaces
8
Property subtype
Office
Amenities
ADA restrooms
reception area
board room
meeting room
conference room
break room & kitchen
reserved parking
Building Details
Year Built
1900
Listing Agency:
Tracy Realty
(903) 786-3115
Listed By:
Tommi Sue Homuth · License #0623240
(469) 879-2265
Source:
Lonestarluxuryrealty
Added: Jul 24
Changed: Nov 1
Last Checked: Nov 1 at 5:50AM
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
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Investment Insights
Based on property information with market context.
This updated office suite is designed for client-facing comfort, featuring a friendly reception area and ADA restrooms. Interior layout includes nine offices plus a large board room and a big meeting room with a divider to support socially distanced training or seminars. Additional space includes a conference room, along with a break room and kitchen. A 41 x 22 room offers flexible use with the included divider configuration. All measurements are to be verified by the tenant.
The property is located across from the Grayson County Courthouse on the Sherman Square, with reserved parking in the back for eight vehicles. Client and customer parking is also available on the side and in front.
The suite may be considered for a variety of professional uses, with the public remarks indicating possibilities such as a learning center, counseling center, law office, home health care, or real estate. An adjoining space, 203 S Travis, is available and includes four offices, if you are looking to expand.
The property is located across from the Grayson County Courthouse on the Sherman Square, with reserved parking in the back for eight vehicles. Client and customer parking is also available on the side and in front.
The suite may be considered for a variety of professional uses, with the public remarks indicating possibilities such as a learning center, counseling center, law office, home health care, or real estate. An adjoining space, 203 S Travis, is available and includes four offices, if you are looking to expand.
Key Highlights
- Updated office space across from the Grayson County Courthouse on the Sherman Square
- Features ADA restrooms and a welcoming reception area
- Includes nine offices plus a large board room and a 41 x 22 meeting/training room with divider
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,217
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,204,340
$1.2M
Cap Rate 7%
$860,243
$860.2K
Cap Rate 9%
$669,078
$669.1K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$110.6K $30.72/SF
− Vacancy
−$30.3K −$8.42/SF
EGI
$80.3K $22.30/SF
− OpEx
−$20.1K −$5.58/SF
NOI
$60.2K $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%
$1,204,340
Cap Rate 7%
$860,243
Cap Rate 9%
$669,078
Alternative Uses
Best Use
Office B
$860.2K
$752.7K – $1.00M
NOI $60,217 @ 7.0% cap · market cap 1,720.49%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.85M
$1.62M – $2.15M
NOI $129,276 @ 7.0% cap · market cap 3,693.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,235
Businesses Nearby
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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 Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Updated office suite includes ADA restrooms, reception area, nine offices, and conference and meeting rooms.
Where is this office unit located?
The property is located at 201 S Travis Street Sherman, TX.
What are key features of this property?
This property features: Updated office space across from the Grayson County Courthouse on the Sherman Square; Features ADA restrooms and a welcoming reception area; Includes nine offices plus a large board room and a 41 x 22 meeting/training room with divider
