Historic Downtown Sherman Mixed-Use
205 E Houston St, Sherman, TX 75090
For Sale
Contact for pricing
Mixed-use property in a growing downtown district.
Property Size4,950 SF
Price / SF$161.41
Days on Market249
Property Features for 205 E Houston St
General Information
Standard status
Size
Property subtype
Listing Agency:
Easy Life Realty
Listed By:
Lisa Hitchcock · License TX #0611932
(903) 224-5171
Source:
Crexi
Added: Mar 10
Changed: Aug 14
Last Checked: Jul 21 at 3:50AM
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 Easy Life Realty
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Investment Insights
Based on property information with market context.
Located one block from the iconic Sherman Square in Historic Downtown Sherman, this mixed-use property offers a blend of loft living and retail space. The upper-level loft features exposed brick walls and an open-concept layout, including two bedrooms and two full baths. A large private back patio provides space for entertaining, while an all-seasons room is suitable for a home office, yoga space, or studio. The street-level retail commercial space is situated in a pedestrian corridor surrounded by restaurants, boutiques, and coffee shops, near upcoming developments reshaping Downtown Sherman. The 4,950 square foot building is suitable for boutique retail, a coffee shop, gallery, salon, studio, design office, or long-term commercial tenant opportunities. This property is located in the county seat of booming Grayson County.
Key Highlights
- Prime location one block from Sherman Square in a rapidly developing pedestrian corridor.
- Mixed‑use property offering both residential loft living and income‑producing retail space.
- Authentic urban loft features:** exposed brick, open concept, two bedrooms, and two bathrooms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,005
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$980,100
$980.1K
Cap Rate 7%
$700,071
$700.1K
Cap Rate 9%
$544,500
$544.5K
Market Conditions
NOI Build-Up for 4,950 SF
Gross rent
$89.1K $18.00/SF
− Vacancy
−$10.7K −$2.16/SF
EGI
$78.4K $15.84/SF
− OpEx
−$29.4K −$5.94/SF
NOI
$49.0K $9.90/SF
Area
Grayson County, TX
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$980,100
Cap Rate 7%
$700,071
Cap Rate 9%
$544,500
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
Office A
$1.74M
$1.52M – $2.03M
NOI $121,889 @ 7.0% cap · market cap 15.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,226
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property in a growing downtown district.
Where is this mixed-use property located?
The property is located at 205 E Houston St 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 offering both residential loft living and income‑producing retail space.; Authentic urban loft features:** exposed brick, open concept, two bedrooms, and two bathrooms.
