Four-Unit Mixed-Use
New
For Sale
$1,150,000
207 S Travis Street #207-20 207-20, Sherman, TX 75090
Two street-level business spaces sit alongside residential lofts in a downtown setting.
Property Size6,400 SF
Price / SF$179.69
Days on Market4
Property Features for 207 S Travis Street #207-20 207-20
General Information
Standard status
Active
Size
6,400 SF
Additional Details
Opportunity Zone
Yes
Multifamily Units
2
Building Details
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
CAPROCK Real Estate Advisors LLC
(469) 834-8063
Listed By:
Josh Long · License #TX0694673
(888) 455-6040
Source:
Baldwingroupdallas
Added: Oct 4
Changed: Oct 5
Last Checked: Oct 7 at 11:33AM
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
Investment Insights
Based on property information with market context.
Dating to 1900, this mixed-use building contains approximately 6,400 square feet arranged as four separately leasable units. Two commercial spaces face South Travis Street, while two residential lofts are under construction. The lofts have access from the rear parking area as well as an interior stairway from street level. One commercial unit is leased to a local attorney, providing rental income.
At 207 S Travis Street in Sherman, the property is near Downtown Sherman. Its combination of storefronts and residential space brings commercial and residential uses together in one building.
At 207 S Travis Street in Sherman, the property is near Downtown Sherman. Its combination of storefronts and residential space brings commercial and residential uses together in one building.
Key Highlights
- Approximately 6,400 square feet in a building constructed in 1900
- Four separately leasable units: two storefronts and two residential lofts
- Both lofts are under construction and accessible from the rear parking area or street‑level stairs
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
Hotel Hospitality
$3.28M
$2.87M – $3.83M
NOI $229,824 @ 7.0% cap · market cap 19.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
198
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two street-level business spaces sit alongside residential lofts in a downtown setting.
Where is this mixed-use property located?
The property is located at 207 S Travis Street #207-20 207-20 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 units: two storefronts and two residential lofts; Both lofts are under construction and accessible from the rear parking area or street‑level stairs
