Historic Downtown Sherman Mixed-Use
205 & 207 E Houston Street Sherman, TX 75090
205 & 207 E Houston Street, Sherman, TX, 75090
$799,000
For Sale
$799,000
Rare mixed-use property in booming Grayson County.
Property Size4,950 SF
Price / SF$161.41
Days on Market91
Property Features for 205 & 207 E Houston Street
General Information
- Standard status
- Active
- Size
- 4,950 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agency
Easy Life Realty
(903) 224-5171
Listed by
Lisa Hitchcock · License #0611932
(903) 814-2689
Source
Signaturere
Added: Apr 22 Updated: Jul 10 at 3:56PM Checked: Jul 17 at 10:06AM
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 Easy Life Realty
Investment Insights
Based on property information with market context.
Located one block off the Sherman Square in Historic Downtown Sherman, this mixed-use property offers loft living with a retail storefront. The upper-level loft features exposed brick walls, an open concept layout, two bedrooms, two full baths, and a large private back patio. An all-seasons room is ideal for a home office, yoga space, creative studio, or greenhouse. The street-level retail commercial space is situated in a pedestrian corridor surrounded by restaurants, boutiques, coffee shops, entertainment, and upcoming developments. This location is suitable for boutique retail, a coffee shop, gallery, salon, studio, design office, or Airbnb check-in. The property is suitable for entrepreneurs seeking a live-work lifestyle or investors looking for commercial real estate with rental potential. The property size is 4950 square feet.
Key Highlights
- Prime location: One block from Sherman Square in a rapidly developing pedestrian corridor.
- Mixed‑use property: Live/work space with retail storefront and residential loft.
- Income potential: Opportunity for rental income from either the retail or residential spaces.
Local Financial Insights For Mixed Use
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 | $89.1k | $18.00 |
| − Vacancy | −$10.7k | −$2.16 |
| EGI | $78.4k | $15.84 |
| − OpEx | −$29.4k | −$5.94 |
| NOI | $49.0k | $9.90 |
4,950 SF · lease $18.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$1.18M
$1.03M – $1.38M
NOI $82,799 @ 7.0% cap · market cap 10.36%
Second Best
Retail
$1.17M
$1.03M – $1.37M
NOI $82,162 @ 7.0% cap · market cap 10.28%
Theoretical Best
Hotel Hospitality
$2.54M
$2.22M – $2.96M
NOI $177,755 @ 7.0% cap · market cap 22.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Rare mixed-use property in booming Grayson County.
Where is this mixed-use property located?
The property is located at 205 & 207 E Houston Street Sherman, TX.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Prime location: One block from Sherman Square in a rapidly developing pedestrian corridor.; Mixed‑use property: Live/work space with retail storefront and residential loft.; Income potential: Opportunity for rental income from either the retail or residential spaces.
