Historic Storefront with Rear
For Sale
Contact for pricing
211 W LAMAR ST, Sherman, TX 75090
Storefront building with an attached rear warehouse and nearby access to multiple city parking lots.
Property Size7,471 SF
Price / SF$100.39
Days on Market49
Property Features for 211 W LAMAR ST
General Information
Standard status
Active
Size
7,471 SF
Property subtype
Retail
Additional Details
Opportunity Zone
Yes
Building Details
Year Built
1940
Listing Agency:
CAPROCK REAL ESTATE ADVISORS
Listed By:
Josh Long · License #TX0694673
(903) 200-5550
Source:
Crexi
Added: Sep 8
Changed: Oct 26
Last Checked: Oct 24 at 2:46PM
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
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Investment Insights
Based on property information with market context.
Constructed in 1940, this Sherman storefront building contains approximately 7,471 square feet and retains historic architectural character. An attached warehouse at the rear expands the property’s functional footprint, providing additional space for storage, operations, or future buildout. The building’s configuration supports a range of commercial and adaptive-reuse concepts, including restaurant, gallery, showroom, and mixed-use applications identified for the property.
The address is 211 W Lamar St., positioned along a gateway corridor leading toward Downtown Sherman. Multiple dedicated city parking lots are located within two blocks. The property is also situated within the Sherman Opportunity Zone, and the source information notes that the city may offer incentives for qualifying redevelopment projects in its historic district.
The address is 211 W Lamar St., positioned along a gateway corridor leading toward Downtown Sherman. Multiple dedicated city parking lots are located within two blocks. The property is also situated within the Sherman Opportunity Zone, and the source information notes that the city may offer incentives for qualifying redevelopment projects in its historic district.
Key Highlights
- Approximately 7,471 square feet of building area
- Built in 1940 with historic architectural character
- Attached rear warehouse adds storage and operational space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,259
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$945,180
$945.2K
Cap Rate 7%
$675,129
$675.1K
Cap Rate 9%
$525,100
$525.1K
Market Conditions
NOI Build-Up for 7,471 SF
Gross rent
$61.0K $8.16/SF
− Vacancy
−$5.4K −$0.72/SF
EGI
$55.6K $7.44/SF
− OpEx
−$8.3K −$1.12/SF
NOI
$47.3K $6.33/SF
Area
Grayson County, TX
Vacancy
8.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$945,180
Cap Rate 7%
$675,129
Cap Rate 9%
$525,100
Alternative Uses
Best Use
Retail
$1.77M
$1.55M – $2.07M
NOI $124,007 @ 7.0% cap · market cap 16.53%
Second Best
Warehouse
$675.1K
$590.7K – $787.7K
NOI $47,259 @ 7.0% cap · market cap 6.30%
Theoretical Best
Hotel Hospitality
$3.83M
$3.35M – $4.47M
NOI $268,284 @ 7.0% cap · market cap 35.77%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,226
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Hannah's Florist — 225 S Travis St, Sherman, TX 75090
- Douglas Floral — 115 E Brockett St, Sherman, TX 75090
Frequently Asked Questions
What type of property is this?
Storefront property - Storefront building with an attached rear warehouse and nearby access to multiple city parking lots.
Where is this storefront property located?
The property is located at 211 W LAMAR ST Sherman, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approximately 7,471 square feet of building area; Built in 1940 with historic architectural character; Attached rear warehouse adds storage and operational space
