Mixed-Use Building with Loft
330 W Lamar Street, Sherman, TX 75090
For Sale
$1,750,000
CommercialSale, Sherman, TX
Property Size8,472 SF
Lot Size0.23 Acres
Price / SF$206.56
Days on Market54
Property Features for 330 W Lamar Street
General Information
Property type
Property subtype
Zoning description
Parking features
Subdivision
Directions
Standard status
APN
Lot size
Additional Details
Tenant in Place
Mixed-Use Components
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
CAPROCK Real Estate Advisors LLC
Listed By:
Josh Long · License TX #0694673
(469) 834-8063
Added: Sep 20
Changed: Oct 31
Last Checked: Nov 12 at 9:06AM
MLS# 21391599
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.
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Investment Insights
Based on property information with market context.
Constructed in 1956, this brick-and-block mixed-use property contains approximately 8,472 square feet on a 0.228-acre lot. The building is arranged as five separately leasable units: three commercial spaces and two residential lofts renovated in 2022. Central heating and cooling, concrete, carpet, and wood flooring, a shingle roof, and a parking lot are among the existing improvements.
Located at 330 W Lamar Street in Sherman, the property sits along a route into Downtown Sherman. One commercial unit is occupied by a bail bond company, and one residential loft is occupied, creating existing rental income. The remaining commercial areas can accommodate a range of concepts, while a street-level entrance connects to a second-story commercial loft. The property is within the Sherman Opportunity Zone and has access to public water and public sewer.
Located at 330 W Lamar Street in Sherman, the property sits along a route into Downtown Sherman. One commercial unit is occupied by a bail bond company, and one residential loft is occupied, creating existing rental income. The remaining commercial areas can accommodate a range of concepts, while a street-level entrance connects to a second-story commercial loft. The property is within the Sherman Opportunity Zone and has access to public water and public sewer.
Key Highlights
- Approximately 8,472 square feet arranged as five separately leasable units
- Three commercial spaces and two residential lofts renovated in 2022
- One commercial unit and one residential loft are currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,622
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,812,440
$2.8M
Cap Rate 7%
$2,008,886
$2.0M
Cap Rate 9%
$1,562,467
$1.6M
Market Conditions
NOI Build-Up for 8,472 SF
Gross rent
$211.5K $24.96/SF
− Vacancy
−$10.6K −$1.25/SF
EGI
$200.9K $23.71/SF
− OpEx
−$60.3K −$7.11/SF
NOI
$140.6K $16.60/SF
Area
Grayson County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,812,440
Cap Rate 7%
$2,008,886
Cap Rate 9%
$1,562,467
Alternative Uses
Best Use
Retail
$2.01M
$1.76M – $2.34M
NOI $140,622 @ 7.0% cap · market cap 8.04%
Second Best
Mixed Use
$1.20M
$1.05M – $1.40M
NOI $83,873 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$2.98M
$2.61M – $3.48M
NOI $208,615 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,336
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Multiple leasable spaces combine commercial suites with renovated residential lofts in a flexible mixed-use configuration.
Where is this mixed-use property located?
The property is located at 330 W Lamar Street Sherman, TX.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Approximately 8,472 square feet arranged as five separately leasable units; Three commercial spaces and two residential lofts renovated in 2022; One commercial unit and one residential loft are currently occupied
