Historic Mixed-Use
207-20-207 S Travis St, Sherman, TX 75090
For Sale
$1,150,000
Street-level commercial suites and residential lofts create a flexible mixed-use configuration near downtown Sherman.
Property Size6,400 SF
Price / SF$179.69
Days on Market50
Property Features for 207-20-207 S Travis St
General Information
Standard status
Size
Additional Details
Opportunity Zone
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Caprock Real Estate Advisors LLC
Listed By:
Josh Long · License #TX0694673
(469) 834-8063
Source:
Exprealty
Added: Sep 21
Changed: Nov 8
Last Checked: Nov 8 at 6:57AM
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 Caprock Real Estate Advisors LLC
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Investment Insights
Based on property information with market context.
Constructed in 1900, this approximately 6, 400-square-foot building combines commercial and residential components in a four-unit layout. Two street-facing commercial suites provide visible business space, while two residential lofts are under construction. One commercial unit is leased to a local attorney, providing an existing tenancy within the property.
The building is located at 207-20-207 S Travis St near the gateway to Downtown Sherman. The lofts can be reached from the rear parking area or by a street-level stairway. The property is within the Sherman Opportunity Zone, and its commercial spaces are positioned along South Travis Street.
The building is located at 207-20-207 S Travis St near the gateway to Downtown Sherman. The lofts can be reached from the rear parking area or by a street-level stairway. The property is within the Sherman Opportunity Zone, and its commercial spaces are positioned along South Travis Street.
Key Highlights
- Approximately 6, 400 square feet in a building constructed in 1900
- Four separately leasable units, including two commercial spaces and two residential lofts
- Two street‑front commercial suites provide visible business space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,360
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,267,200
$1.3M
Cap Rate 7%
$905,143
$905.1K
Cap Rate 9%
$704,000
$704.0K
Market Conditions
NOI Build-Up for 6,400 SF
Gross rent
$115.2K $18.00/SF
− Vacancy
−$13.8K −$2.16/SF
EGI
$101.4K $15.84/SF
− OpEx
−$38.0K −$5.94/SF
NOI
$63.4K $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%
$1,267,200
Cap Rate 7%
$905,143
Cap Rate 9%
$704,000
Alternative Uses
Best Use
Retail
$1.52M
$1.33M – $1.77M
NOI $106,230 @ 7.0% cap · market cap 9.24%
Second Best
Mixed Use
$905.1K
$792.0K – $1.06M
NOI $63,360 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,594 @ 7.0% cap · market cap 13.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,260
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level commercial suites and residential lofts create a flexible mixed-use configuration near downtown Sherman.
Where is this mixed-use property located?
The property is located at 207-20-207 S Travis St Sherman, TX.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Approximately 6, 400 square feet in a building constructed in 1900; Four separately leasable units, including two commercial spaces and two residential lofts; Two street‑front commercial suites provide visible business space
