224 E Cottage Street Sherman, TX 75090
Industrial/service asset with yard, power, and multiple shop configurations.
Property Features for 224 E Cottage Street
General Information
- Standard status
- Active
- Size
- 10,200 SF
- Lot size
- 3.10 Acres
- Property subtype
- Industrial, Mixed Use
Listing office eXp Realty Austin (888) 519-7431
Listing date May 14, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- C2 zoning on approximately 3.1 acres suitable for various businesses.
- Dual access from two streets with multiple ingress and egress points.
- Main shop/building area (estimated 7,000 to 8,000 sq ft) with pull‑through configuration and four roll‑up doors.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.2k | $8.16 |
| − Vacancy | −$7.3k | −$0.72 |
| EGI | $75.9k | $7.44 |
| − OpEx | −$11.4k | −$1.12 |
| NOI | $64.5k | $6.33 |
