Sherman Industrial Property with
224 E Cottage Street Sherman, TX 75090
For Sale
Contact for pricing
Industrial/service asset with yard, power, and multiple shop configurations.
Property Size10,200 SF
Lot Size3.10 Acres
Price / SF$95.59
Days on Market75
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 Agency:
eXp Realty Austin
(888) 519-7431
Listed By:
Eric Rhoades · License #0617278
Source:
Crexi
Added: May 14
Changed: Jul 10
Last Checked: Jul 26 at 4:21PM
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 Austin
Investment Insights
Based on property information with market context.
The property at 224 E Cottage Street is an industrial/service asset located in the Sherman market. It features approximately 3.1 acres of land with C2 zoning and dual access from two streets, providing multiple ingress and egress points. The site is equipped with three-phase power, making it suitable for contractors, fleet users, repair operations, equipment users, service trades, light manufacturing, or storage-intensive businesses. The main shop/building area is estimated to be approximately 7,000 to 8,000 square feet, with a pull-through shop configuration and four roll-up doors. The roll-up doors have an approximate height of 12.5 feet, and the eave height is approximately 14.5 feet. Additionally, there is a separate exterior B-deck building, estimated at approximately 1,600 square feet, with electricity and plumbing in place for water. The property offers a strong operating base for various business uses.
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.
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 |
10,200 SF · lease $8.16/SF/yr · vacancy 8.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$921.7K
$806.5K – $1.08M
NOI $64,521 @ 7.0% cap · market cap 6.62%
Second Best
Industrial
$759.1K
$664.2K – $885.6K
NOI $53,135 @ 7.0% cap · market cap 5.45%
Theoretical Best
Hotel Hospitality
$5.23M
$4.58M – $6.10M
NOI $366,282 @ 7.0% cap · market cap 37.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mitchell Development
Construction Company
FAQs
What type of property is this?
Flex space - Industrial/service asset with yard, power, and multiple shop configurations.
Where is this flex space located?
The property is located at 224 E Cottage Street Sherman, TX.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 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**.
