Industrial Flex Property with
224 E E Cottage St, Sherman, TX 75090
For Sale
$945,000
C2-zoned industrial site with multiple structures, three-phase power, secured fencing, and flexible shop and storage functionality.
Property Size10,200 SF
Lot Size3.10 Acres
Price / SF$92.65
Days on Market202
Property Features for 224 E E Cottage St
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Road Access
Fenced Yard
Utilities to Site
Additional Details
Three-Phase Power
Building Details
Year Built
Listing Agency:
eXp Realty LLC
Listed By:
Eric Rhoades · License TX #0617278
(903) 814-8281
Source:
Northtexashomeguide
Added: Apr 23
Changed: Nov 10
Last Checked: Aug 25 at 7:27AM
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 eXp Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This C2-zoned flex property occupies approximately 3.1 acres at 224 E E Cottage Street in Sherman, Texas. The improvements include a primary shop estimated at approximately 7,000–8,000 SF, subject to buyer verification, with a pull-through arrangement, four roll-up doors, approximate 12.5’ door clearance, and approximate 14.5’ eave height. The shop is insulated and supported by three-phase power.
The site offers access from two streets with multiple entry and exit points. Recent work includes fencing, security lighting, electrical updates, roof repairs, gutters, and new gravel. An enclosed lean-to provides additional storage with four roll-up bay doors. A separate exterior B-deck building is estimated at approximately 1,600 SF, subject to buyer verification, with electricity and plumbing in place for water.
The site offers access from two streets with multiple entry and exit points. Recent work includes fencing, security lighting, electrical updates, roof repairs, gutters, and new gravel. An enclosed lean-to provides additional storage with four roll-up bay doors. A separate exterior B-deck building is estimated at approximately 1,600 SF, subject to buyer verification, with electricity and plumbing in place for water.
Key Highlights
- Approximately 3.1 acres with C2 zoning and access from two streets
- Primary shop estimated at approximately 7,000–8,000 SF; buyer to verify
- Pull‑through shop with four roll‑up doors, approximate 12.5’ height, and approximate 14.5’ eave height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,521
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,290,420
$1.3M
Cap Rate 7%
$921,729
$921.7K
Cap Rate 9%
$716,900
$716.9K
Market Conditions
NOI Build-Up for 10,200 SF
Gross rent
$83.2K $8.16/SF
− Vacancy
−$7.3K −$0.72/SF
EGI
$75.9K $7.44/SF
− OpEx
−$11.4K −$1.12/SF
NOI
$64.5K $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%
$1,290,420
Cap Rate 7%
$921,729
Cap Rate 9%
$716,900
Alternative Uses
Best Use
Warehouse
$921.7K
$806.5K – $1.08M
NOI $64,521 @ 7.0% cap · market cap 6.83%
Second Best
Industrial
$759.1K
$664.2K – $885.6K
NOI $53,135 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$3.59M
$3.14M – $4.19M
NOI $251,165 @ 7.0% cap · market cap 26.58%
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
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Balanced
Demand for This Use
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
$163,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Grayson County, TX
Properties on Market for Flex space in Grayson County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - C2-zoned industrial site with multiple structures, three-phase power, secured fencing, and flexible shop and storage functionality.
Where is this flex space located?
The property is located at 224 E E Cottage St Sherman, TX.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: Approximately 3.1 acres with C2 zoning and access from two streets; Primary shop estimated at approximately 7,000–8,000 SF; buyer to verify; Pull‑through shop with four roll‑up doors, approximate 12.5’ height, and approximate 14.5’ eave height
