Historic Mixed-Use
For Sale
Contact for pricing
207 South Travis Street, Sherman, TX 75090
Four leasable units combine street-level commercial space with residential loft development in a downtown setting.
Property Size6,400 SF
Price / SF$179.69
Days on Market52
Property Features for 207 South Travis Street
General Information
Standard status
Active
Size
6,400 SF
Property subtype
Retail, Multifamily, Office
Additional Details
Opportunity Zone
Yes
Road Access
Yes
Multifamily Units
2
Building Details
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
CAPROCK REAL ESTATE ADVISORS
Listed By:
Josh Long · License #TX0694673
(903) 200-5550
Source:
Crexi
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 28 at 6:33AM
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
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.
Constructed in 1900, this approximately 6,400-square-foot mixed-use property includes four separately leasable units. The layout features two street-facing commercial spaces and two residential lofts that are currently under construction. One commercial unit is occupied by a local attorney, providing an existing rental component, while the lofts have access from the rear parking area and a street-level stairway.
The building is located at 207 South Travis Street in Sherman’s downtown district and sits within the Sherman Opportunity Zone. Its commercial areas can support a range of professional-service and retail-oriented uses, including office, boutique, salon, or food-service concepts, as supported by the existing configuration and source information. The property also offers a basis for adaptive reuse within a historic downtown setting.
The building is located at 207 South Travis Street in Sherman’s downtown district and sits within the Sherman Opportunity Zone. Its commercial areas can support a range of professional-service and retail-oriented uses, including office, boutique, salon, or food-service concepts, as supported by the existing configuration and source information. The property also offers a basis for adaptive reuse within a historic downtown setting.
Key Highlights
- Approximately 6,400 square feet in a building constructed in 1900
- Four separately leasable units: two commercial spaces and two residential lofts
- Two street‑front commercial units provide prominent storefront exposure
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four leasable units combine street-level commercial space with residential loft development in a downtown setting.
Where is this mixed-use property located?
The property is located at 207 South Travis Street 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 commercial spaces and two residential lofts; Two street‑front commercial units provide prominent storefront exposure
