Renovated Medical Office
300 N Bryant Avenue Sherman, TX 75090
New
300 N Bryant Avenue, Sherman, TX, 75090
$675,000
For Sale
$675,000
Renovated medical office features 9 exam rooms, a reception area, and an additional upstairs open area.
Property Size3,600 SF
Price / SF$187.50
Days on Market2
Property Features for 300 N Bryant Avenue
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1985
Listing agency
Benton-Luttrell Real Estate Co
(903) 227-4626
Listed by
Drue Bynum · License #0683673
(903) 227-4626
Source
Signaturere
Added: Jul 20 Updated: Jul 21 at 11:09AM Checked: Jul 21 at 11:09AM
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 newly renovated medical office building includes 9 exam rooms, a reception area, and check-in space, along with a kitchen and multiple bathrooms including one with a shower. The layout also provides an upstairs open area of approximately 800 square feet. Hardwood floors and newly remodeled interior finishes are included throughout.
The property is located across the street from Wilson N. Jones hospital in Sherman, TX, offering convenient proximity to a major medical campus.
With its exam-room configuration and dedicated patient-facing entry spaces, the building is well suited to medical practice use and related office operations.
The property is located across the street from Wilson N. Jones hospital in Sherman, TX, offering convenient proximity to a major medical campus.
With its exam-room configuration and dedicated patient-facing entry spaces, the building is well suited to medical practice use and related office operations.
Key Highlights
- Newly renovated medical office building across the street from Wilson N. Jones hospital
- 9 exam rooms plus reception area and check‑in space
- 5 bathrooms, including one with a shower
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 | $110.6k | $30.72 |
| − Vacancy | −$30.3k | −$8.42 |
| EGI | $80.3k | $22.30 |
| − OpEx | −$20.1k | −$5.58 |
| NOI | $60.2k | $16.73 |
3,600 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$860.2K
$752.7K – $1.00M
NOI $60,217 @ 7.0% cap · market cap 8.92%
Second Best
Healthcare Medical
$782.0K
$684.3K – $912.4K
NOI $54,743 @ 7.0% cap · market cap 8.11%
Theoretical Best
Hotel Hospitality
$1.85M
$1.62M – $2.15M
NOI $129,276 @ 7.0% cap · market cap 19.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Benson J M ...
Physician
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FAQs
What type of property is this?
Medical Office Space - Renovated medical office features 9 exam rooms, a reception area, and an additional upstairs open area.
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 reception area and check‑in space; 5 bathrooms, including one with a shower
