Texoma Parkway Automotive/Retail
2411 Texoma Parkway Sherman, TX 75090
For Sale
$1,500,000
Prime location near dealerships with climate-controlled shop and showroom.
Property Size3,200 SF
Lot Size0.99 Acres
Price / SF$468.75
Days on Market97
Property Features for 2411 Texoma Parkway
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Lot size
- 0.99 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2017
Listing Agency:
Weichert Realtors-Solid Ground
(903) 583-4900
Listed By:
ANGEL TITSWORTH · License #0489883
(903) 583-4900
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 26 at 6:10PM
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 Weichert Realtors-Solid Ground
Investment Insights
Based on property information with market context.
Located on Texoma Parkway, this property is situated in a prime location next to Bob Utter Ford and Texoma Hyundai dealerships. The property is also located in an Opportunity Zone. It features an 80x40 climate-controlled shop, which includes two restrooms. Additionally, there is a 50x40 showroom, one downstairs office, and two upstairs offices. The property also includes a wash bay, work bay, parts room, and a work room; these rooms are insulated but not climate controlled. A separate 560 sq ft private office building, constructed in 2012 with Hardy Siding, offers two office spaces and a coffee bar. This building is suitable for private meetings or quiet office space separate from the workshop. The property size is 3200 sq ft.
Key Highlights
- Prime location on Texoma Parkway, next to Bob Utter Ford and Texoma Hyundai.
- Located in an Opportunity Zone.
- 80x40 climate‑controlled shop with 2 restrooms.
Financial Insights For Retail
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 | $79.9k | $24.96 |
| − Vacancy | −$4.0k | −$1.25 |
| EGI | $75.9k | $23.71 |
| − OpEx | −$22.8k | −$7.11 |
| NOI | $53.1k | $16.60 |
3,200 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$758.8K
$663.9K – $885.3K
NOI $53,115 @ 7.0% cap · market cap 3.54%
Second Best
Industrial
$238.1K
$208.4K – $277.8K
NOI $16,670 @ 7.0% cap · market cap 1.11%
Theoretical Best
Hotel Hospitality
$1.64M
$1.44M – $1.92M
NOI $114,912 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Five and Dime Outdoors
(Bike/Boat/Book/etc) Store
Five and Dime Certified ...
Car Dealership
Similar Off Market Nearby
- Devon Self Storage — 1720 N Loy Lake Rd, Sherman, TX 75090
- U-Haul Neighborhood Dealer — 1741 Texoma Pkwy, Sherman, TX 75090
- U-Haul Neighborhood Dealer — 1720 N Loy Lake Rd, Sherman, TX 75090
FAQs
What type of property is this?
Automotive property - Prime location near dealerships with climate-controlled shop and showroom.
Where is this automotive property located?
The property is located at 2411 Texoma Parkway Sherman, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime location on Texoma Parkway, next to Bob Utter Ford and Texoma Hyundai.; Located in an Opportunity Zone.; 80x40 climate‑controlled shop with 2 restrooms.
