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    Renovated Medical Office Building Title is generated by Realmo AI

    300 N Bryant Avenue, Sherman, TX 75090

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    For Sale
    $675,000

    SINGLE_FAMILY - Sherman, TX

    Type:Office
    Lot size:
    0.34 Acres
    Added:
    Jan 19, 2026
    Days on Market:
    135
    Last Refresh:
    Jun 3 at 10:06 am

    Property Features for 300 N Bryant Avenue

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    APN
    162325
    Lot size
    0.34 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1985
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Wood
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Drue Bynum

    Listing agent Drue Bynum License #0683673

    Listing office Benton-Luttrell Real Estate Co Van Alstyne, TX

    Listing date Jan 19, 2026

    MLS# 20975432

    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.

    HighLights

    • Newly renovated medical office building across the street from Wilson N. Jones hospital
    • 9 exam rooms plus a reception/check‑in area and additional open area (800 SF) upstairs
    • 5 bathrooms, including one with a shower
    • Built in 1985 with brick construction and a composition roof
    • Central heating and central air; public water and public sewer
    • Hardwood flooring and a kitchen area included

    Overview

    This newly renovated medical office building is designed for practical patient flow and everyday clinical use. The space includes nine exam rooms, five bathrooms (including one with a shower), a reception area, and dedicated check-in space. A kitchen is also provided, along with an open area upstairs measuring approximately 800 square feet. Throughout the building, the property highlights hardwood floors and newly remodeled interiors that support a clean, professional presentation.

    Located at 300 N Bryant Avenue in Sherman, the building sits across the street from Wilson N. Jones hospital. That proximity can be particularly beneficial for medical practices that want convenient access for patients and referrals.

    With its exam room count, reception and check-in layout, and additional upstairs open area, the property is a strong fit for outpatient providers and other healthcare operators looking for an updated facility. It may also appeal to buyers seeking a medical-oriented structure with ready-to-use rooming and finished spaces, rather than starting from scratch.
    Property Profile Location Intelligence

    Current Use by Public Records

    Benson J M ... Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Brakebill Veterinary Hospital — 825 N Crockett St, Sherman, TX 75090
    • Lange Veterinary Hospital — 2103 W Houston St, Sherman, TX 75092
    • Brakebill Veterinary Hospital: Schwind Jennifer DVM — 825 N Crockett St, Sherman, TX 75090

    Location Insight

    • Map
    • Local Demand
    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.62442
    Latitude
    33.635807

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    FAQs

    What type of property is this?
    Medical Office Space - Newly renovated medical office with 9 exam rooms and updated finishes, positioned directly across from Wilson N. Jones hospital.
    Where is this medical office space located?
    The property is located at 300 N Bryant Avenue 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: Newly renovated medical office building across the street from Wilson N. Jones hospital; 9 exam rooms plus a reception/check‑in area and additional open area (800 SF) upstairs; 5 bathrooms, including one with a shower
    (903) 482-8400
    We can help!
    Listing Contact
    Drue Bynum
    Real Estate License ID: 0683673
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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