Mixed-Use Building with Retail
207 S Travis St Unit 207-20, Sherman, TX 75090
For Sale
$1,150,000
Four leasable spaces pair street-facing commercial units with residential lofts under construction.
Property Size6,400 SF
Price / SF$179.69
Days on Market95
Property Features for 207 S Travis St Unit 207-20
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
CAPROCK Real Estate Advisors LLC
Listed By:
Josh Long · License TX #0694673
(903) 200-5550
Source:
Granburyhomefinder
Added: Aug 11
Changed: Nov 1
Last Checked: Nov 10 at 11:27AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The approximately 6,400-square-foot property at 207 S Travis St in Sherman dates to 1900 and contains four separately leasable spaces. Two commercial units face the street, while two residential lofts are being built. One commercial space is occupied by an attorney. Access to the lofts is available from the rear parking area or via a street-level stairway.
The building is near Downtown Sherman, along South Travis Street. Its configuration combines commercial frontage with residential space in a downtown setting.
The building is near Downtown Sherman, along South Travis Street. Its configuration combines commercial frontage with residential space in a downtown setting.
Key Highlights
- Approximately 6,400 square feet in a building constructed in 1900
- Four separately leasable spaces: two commercial units and two residential lofts under construction
- Two street‑facing commercial spaces; one is leased to a local attorney
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
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 - Four leasable spaces pair street-facing commercial units with residential lofts under construction.
Where is this mixed-use property located?
The property is located at 207 S Travis St Unit 207-20 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 spaces: two commercial units and two residential lofts under construction; Two street‑facing commercial spaces; one is leased to a local attorney
