Porterfield Building Retail
For Sale
Contact for pricing
330 W Lamar Street #101, Sherman, TX 75090
Ground-floor space pairs an adaptable interior with polished concrete floors and access to nearby parking.
Property Size2,500 SF
Price / SF$1.50
Days on Market11
Property Features for 330 W Lamar Street #101
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Business
Additional Details
Floor
Ground
Amenities
polished concrete floors
private rear employee parking
Building Details
Year Built
1918
Listing Agency:
Magnorum Realty Services, LLC
Listed By:
James McDonald
(817) 487-7728
Source:
Magnorumrealty
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 4:17PM
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 Magnorum Realty Services, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 101 provides approximately 2,500 square feet on the ground floor of the Porterfield Building, constructed in 1918. Its largely open interior has polished concrete flooring and can accommodate retail, restaurant, showroom, boutique, or creative commercial use.
The property at 330 W Lamar Street is three blocks west of Downtown Sherman. Employee parking is available behind the building, with a city parking lot across the street.
The property at 330 W Lamar Street is three blocks west of Downtown Sherman. Employee parking is available behind the building, with a city parking lot across the street.
Key Highlights
- Approximately 2,500 square feet in Suite 101
- Ground‑floor space with a mostly open layout
- Polished concrete flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,496
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,920
$829.9K
Cap Rate 7%
$592,800
$592.8K
Cap Rate 9%
$461,067
$461.1K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$62.4K $24.96/SF
− Vacancy
−$3.1K −$1.25/SF
EGI
$59.3K $23.71/SF
− OpEx
−$17.8K −$7.11/SF
NOI
$41.5K $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%
$829,920
Cap Rate 7%
$592,800
Cap Rate 9%
$461,067
Alternative Uses
Best Use
Retail
$592.8K
$518.7K – $691.6K
NOI $41,496 @ 7.0% cap · market cap 1,106.56%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.28M
$1.12M – $1.50M
NOI $89,775 @ 7.0% cap · market cap 2,394.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,336
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 Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Ground-floor space pairs an adaptable interior with polished concrete floors and access to nearby parking.
Where is this retail space located?
The property is located at 330 W Lamar Street #101 Sherman, TX.
What are key features of this property?
This property features: Approximately 2,500 square feet in Suite 101; Ground‑floor space with a mostly open layout; Polished concrete flooring
