Operating Skating
New
For Sale
$1,100,000
3100 Versaille Drive, Sherman, TX 75090
Commercially zoned entertainment property with an established skating-rink operation and adaptable indoor improvements.
Property Size18,000 SF
Days on Market2
Property Features for 3100 Versaille Drive
General Information
Standard status
Active
Size
18,000 SF
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
18,000 SF
Year Built
1975
Units
1
Listing Agency:
CAPROCK Real Estate Advisors LLC
(469) 215-8936
Listed By:
Josh Long · License #TX0694673
(469) 215-8936
Source:
Vickiesteam
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 4 at 2:11AM
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 CAPROCK Real Estate Advisors LLC
Investment Insights
Based on property information with market context.
Located at 3100 Versaille Drive in Sherman, Texas, this commercial property contains an operating family skating rink within improvements dating to 1975. The existing layout can support continued use as an entertainment venue or adaptation for indoor sports and recreation, including batting cages, indoor soccer, club volleyball, pickleball, gymnastics, cheer training, fitness, and multi-sport training.
The property is positioned ¾ mile from Texoma Parkway, providing access within a growing commercial corridor. Additional concepts identified for the site include entertainment, event, and family activity uses, along with office warehouse, industrial flex, contractor park, showroom with warehouse, distribution, and service-oriented commercial configurations. The zoning is Commercial.
The property is positioned ¾ mile from Texoma Parkway, providing access within a growing commercial corridor. Additional concepts identified for the site include entertainment, event, and family activity uses, along with office warehouse, industrial flex, contractor park, showroom with warehouse, distribution, and service-oriented commercial configurations. The zoning is Commercial.
Key Highlights
- Operating family skating rink at 3100 Versaille Drive
- Commercial zoning
- Improvements constructed in 1975
Financial Insights For Industrial
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 | $146.9k | $8.16 |
| − Vacancy | −$12.9k | −$0.72 |
| EGI | $134.0k | $7.44 |
| − OpEx | −$40.2k | −$2.23 |
| NOI | $93.8k | $5.21 |
18,000 SF · lease $8.16/SF/yr · vacancy 8.80% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$1.63M
$1.42M – $1.90M
NOI $113,861 @ 7.0% cap · market cap 10.35%
Second Best
Industrial
$1.34M
$1.17M – $1.56M
NOI $93,768 @ 7.0% cap · market cap 8.52%
Theoretical Best
Hotel Hospitality
$9.23M
$8.08M – $10.77M
NOI $646,380 @ 7.0% cap · market cap 58.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Skating rink - Commercially zoned entertainment property with an established skating-rink operation and adaptable indoor improvements.
Where is this skating rink located?
The property is located at 3100 Versaille Drive Sherman, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Operating family skating rink at 3100 Versaille Drive; Commercial zoning; Improvements constructed in 1975
