2309 A Gallagher Drive, Sherman, TX 75090
7500 sq ft new construction office/warehouse in Sherman, TX.
- Added:
- May 16, 2024
- Days on Market:
- 767
- Last Refresh:
- May 13 at 8:09 pm
Property Features for 2309 A Gallagher Drive
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Property subtype
- Business Opportunities
Building Details
- Year Built
- 2024
Listing agent ROBIN PHILLIPS License #0527127 (903) 893-8174
Listing office PARAGON, REALTORS (903) 893-8174
Listing date May 16, 2024
Source Xome
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 PARAGON, REALTORS
HighLights
- New Construction (2024)
- 7500 sq ft of Office/Warehouse Space
- Highly Trafficked Location (Texoma Parkway, Gallagher, Frisco Rd)
- 80% Warehouse Space
- Minimum 18' Warehouse Ceilings
- 12' Roll‑Up Doors
Overview
Local Financial Insights For Office B
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 | $230.4k | $30.72 |
| − Vacancy | −$63.1k | −$8.42 |
| EGI | $167.3k | $22.30 |
| − OpEx | −$41.8k | −$5.58 |
| NOI | $125.5k | $16.73 |
Alternative Uses
Current Use by Public Records
Map
- City
- Sherman
- County
- Grayson
- State
- Texas
- Longitude
- -96.5899
- Latitude
- 33.6449
