Flex Property with Shop
For Sale
$890,000
28400 W US Highway 82, Sherman, TX 75092
CommercialSale, Sherman, TX
Property Size7,419 SF
Lot Size11.95 Acres
Price / SF$119.96
Days on Market114
Property Features for 28400 W US Highway 82
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Covered, Oversize, Parking Lot, Garage
Lot features
Acreage, Pasture, Pond On Lot, Many Trees, Few Trees
Directions
From Hwy 377 headed North turn Right on Hwy 82 go approximately 4 miles and property will be located on the South side of the hwy.
Standard status
Active
APN
119541
Size
7,419 SF
Lot size
11.95 Acres
Taxes and HOA fees
Tax Description
G-1448 ROGERS T J A-G1448, ACRES 11.95
Tax Annual Amount
8453
Legal Description
G-1448 ROGERS T J A-G1448, ACRES 11.95
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air, Heat Pump
Water source
Well
Building Details
Year built
2020
Floors in Building
1
Number of units
1
Flooring type
Concrete, Laminate
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Keller Williams Prosper Celina · Keller Williams Realty
(972) 382-8882
Listed By:
Jeremy Lock · License #0610613
(940) 641-2404
Added: Jun 22
Changed: Sep 28
Last Checked: Oct 13 at 9:06PM
MLS# 21007393
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Set on 11.95 acres, this flex property has approximately 6,619 square feet of enclosed buildings and about 800 square feet of covered breezeway, for approximately 7,419 square feet under roof. The main shop accounts for roughly 4,000 square feet and has a piered slab, plumbing, and six roll-up doors. The other building combines approximately 2,619 square feet of office and shop area, including a foyer, two offices, a kitchen break area, and bathrooms. Construction dates to 2020, and the property has metal siding and a metal roof.
The site fronts US Highway 82 and has a gated entrance, private water well, and septic system. An agricultural exemption is currently in place. Additional acreage is available.
The site fronts US Highway 82 and has a gated entrance, private water well, and septic system. An agricultural exemption is currently in place. Additional acreage is available.
Key Highlights
- 11.95‑acre site with US Highway 82 frontage
- Approximately 7,419 square feet under roof, including enclosed buildings and covered breezeway
- Approximately 6,619 square feet of enclosed building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,930
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$938,600
$938.6K
Cap Rate 7%
$670,429
$670.4K
Cap Rate 9%
$521,444
$521.4K
Market Conditions
NOI Build-Up for 7,419 SF
Gross rent
$60.5K $8.16/SF
− Vacancy
−$5.3K −$0.72/SF
EGI
$55.2K $7.44/SF
− OpEx
−$8.3K −$1.12/SF
NOI
$46.9K $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%
$938,600
Cap Rate 7%
$670,429
Cap Rate 9%
$521,444
Alternative Uses
Best Use
Warehouse
$670.4K
$586.6K – $782.2K
NOI $46,930 @ 7.0% cap · market cap 5.27%
Second Best
Industrial
$552.1K
$483.1K – $644.1K
NOI $38,648 @ 7.0% cap · market cap 4.34%
Theoretical Best
Hotel Hospitality
$3.81M
$3.33M – $4.44M
NOI $266,416 @ 7.0% cap · market cap 29.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75092, TX
27,186
Population
13,117
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
94%
High-School Grad
113.9 sq mi
ZIP Area
239
Density / Sq Mi
$67,160
Median Household Income
$41,683
Median Earnings
$1,205
Median Rent
$260,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - A gated entrance, US Highway 82 frontage, and private well and septic serve the site.
Where is this flex space located?
The property is located at 28400 W US Highway 82 Sherman, TX.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: 11.95‑acre site with US Highway 82 frontage; Approximately 7,419 square feet under roof, including enclosed buildings and covered breezeway; Approximately 6,619 square feet of enclosed building area
