Live-Work Loft with
205 & 207 E Houston Street Sherman, TX 75090
205 & 207 E Houston Street, Sherman, TX, 75090
$799,000
For Sale
$799,000
COMMERCIAL - Sherman, TX
Property Size4,950 SF
Lot Size0.07 Acres
Price / SF$161.41
Days on Market60
Property Features for 205 & 207 E Houston Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Alley
- Standard status
- Active
- APN
- 161900
- Size
- 4,950 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Description
- OTP SHERMAN, BLOCK 12, LOT PT 5 & 7, 31.1X100
- Tax Annual Amount
- 12815
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Tile, Concrete, Carpet
- Building materials
- Brick
- Roof type
- Flat
Listing Agency
Easy Life Realty
(903) 224-5171
Sherman, TX
Listed by
Lisa Hitchcock · License #0611932
(903) 224-5171
Added: May 20 Checked: Jul 18 at 7:06 am
MLS# 21125507
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Historic Downtown Sherman, this rare mixed-use live-work property combines a street-level retail storefront with a fully finished loft above. The upper-level layout features exposed brick walls and an open concept design, with two generous bedrooms, two full baths, and a large private back patio for entertaining or quieter evenings. An all-seasons room adds valuable flexibility for use as a home office, yoga space, creative studio, or a greenhouse-style retreat, depending on how you want to operate day to day.
The retail space sits at street level in a high-visibility pedestrian corridor, positioned just one block off Sherman Square in the county seat of Grayson County. The surrounding area is described as walkable and active, with restaurants, boutiques, coffee shops, and entertainment, plus anticipated downtown development activity that can continue to shape demand over time.
This property is well-suited for owner-operators who want to live above and run a retail or service concept below, including boutique retail, coffee, gallery, salon, studio, or design-oriented office use. It also offers an income-producing structure for investors seeking a downtown Sherman asset with multiple ways to approach tenancy, including long-term commercial leasing or mixed-use operational models.
The retail space sits at street level in a high-visibility pedestrian corridor, positioned just one block off Sherman Square in the county seat of Grayson County. The surrounding area is described as walkable and active, with restaurants, boutiques, coffee shops, and entertainment, plus anticipated downtown development activity that can continue to shape demand over time.
This property is well-suited for owner-operators who want to live above and run a retail or service concept below, including boutique retail, coffee, gallery, salon, studio, or design-oriented office use. It also offers an income-producing structure for investors seeking a downtown Sherman asset with multiple ways to approach tenancy, including long-term commercial leasing or mixed-use operational models.
Key Highlights
- Mixed‑use live‑work building with street‑level retail space and an upper‑level loft
- 1900 construction with brick exterior and flat roof
- Loft features exposed brick walls, open concept layout, 2 bedrooms, and 2 full baths
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?
Live-work space - Mixed-use loft above street-level retail near Sherman Square, with exposed brick, two bedrooms, patio, and flexible all-seasons room.
Where is this live-work space 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: Mixed‑use live‑work building with street‑level retail space and an upper‑level loft; 1900 construction with brick exterior and flat roof; Loft features exposed brick walls, open concept layout, 2 bedrooms, and 2 full baths
