Building Details

Year Built 1985

Buildings 1

Listing Agency: Benton-Luttrell Real Estate Co

Listed By: Drue Bynum · License #0683673 Show Phone

Source: Minteerteam

Added: Aug 7 Changed: Oct 9 Last Checked: Oct 7 at 2:17PM

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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 Benton-Luttrell Real Estate Co

Investment Insights

Based on property information with market context.

This 3,600-square-foot medical office building, originally constructed in 1985, has undergone renovation and features hardwood flooring throughout. The layout includes 9 exam rooms, 5 bathrooms, a reception area, check-in space, kitchen, and an 800-square-foot open area on the upper level. One bathroom includes a shower.

The property is located at 300 N Bryant Ave in Sherman, Texas, directly across from Wilson N. Jones Hospital. Its existing clinical layout and range of support areas provide a defined medical-office configuration.

Key Highlights

• 3,600‑square‑foot medical office building at 300 N Bryant Ave
• 9 exam rooms and 5 bathrooms, including one with a shower
• 800‑square‑foot open area upstairs

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$60,217

Cap Rate

8.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,204,340 $1.2M

Cap Rate 7%

$860,243 $860.2K

Cap Rate 9%

$669,078 $669.1K

Market Conditions

NOI Build-Up for 3,600 SF

Gross rent

$110.6K $30.72/SF

− Vacancy

−$30.3K −$8.42/SF

EGI

$80.3K $22.30/SF

− OpEx

−$20.1K −$5.58/SF

NOI

$60.2K $16.73/SF

Area

Grayson County, TX

Vacancy

27.40%

Lease Rate

$30.72 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,204,340

Cap Rate 7%

$860,243

Cap Rate 9%

$669,078

Alternative Uses

Best Use

Office B

$860.2K

$752.7K – $1.00M (±1% cap)

NOI $60,217 @ 7.0% cap · market cap 8.92%

Second Best

Healthcare Medical

$782.0K

$684.3K – $912.4K (±1% cap)

NOI $54,743 @ 7.0% cap · market cap 8.11%

Theoretical Best

Hotel Hospitality

$1.85M

$1.62M – $2.15M (±1% cap)

NOI $129,276 @ 7.0% cap · market cap 19.15%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Benson J M ... Physician

Suggested Use

Top Pick Dental Office Pharmacy Parking Lot & Garage (Bike/Boat/Book/etc) Store Storage Facility Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

534

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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Configured with exam rooms, multiple bathrooms, reception, and an upstairs open area.

Where is this medical office space located?

The property is located at 300 N Bryant Ave Sherman, TX.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: 3,600‑square‑foot medical office building at 300 N Bryant Ave; 9 exam rooms and 5 bathrooms, including one with a shower; 800‑square‑foot open area upstairs