Office Loft with Exposed
For Sale
Contact for pricing
330 W Lamar Street #203, Sherman, TX 75090
A second-floor professional workspace pairs hardwood floors with dedicated parking behind the building.
Property Size1,742 SF
Price / SF$0.86
Days on Market11
Property Features for 330 W Lamar Street #203
General Information
Standard status
Active
Size
1,742 SF
Property subtype
Business
Additional Details
Floor
Second Floor
Property Use
Office, Creative Studio, Consulting Firm
Building Details
Year Built
1918
Buildings
1
Construction
brick
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 1:56PM
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.
This 1,742-square-foot office unit occupies the second floor of the Porterfield Building, constructed in 1918. Exposed brick, hardwood flooring, and natural light shape the interior, offering a distinct setting for office or creative work. The property is at 330 W Lamar Street #203 in Sherman, Texas.
A dedicated parking lot sits behind the building, and the property is three blocks from downtown Sherman.
A dedicated parking lot sits behind the building, and the property is three blocks from downtown Sherman.
Key Highlights
- 1,742 SF second‑floor office unit
- Built in 1918
- Exposed brick, hardwood floors, and natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,139
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,780
$582.8K
Cap Rate 7%
$416,271
$416.3K
Cap Rate 9%
$323,767
$323.8K
Market Conditions
NOI Build-Up for 1,742 SF
Gross rent
$53.5K $30.72/SF
− Vacancy
−$14.7K −$8.42/SF
EGI
$38.9K $22.30/SF
− OpEx
−$9.7K −$5.58/SF
NOI
$29.1K $16.73/SF
Area
Grayson County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,780
Cap Rate 7%
$416,271
Cap Rate 9%
$323,767
Alternative Uses
Best Use
Office B
$416.3K
$364.2K – $485.7K
NOI $29,139 @ 7.0% cap · market cap 1,942.60%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$893.6K
$781.9K – $1.04M
NOI $62,555 @ 7.0% cap · market cap 4,170.33%
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 Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A second-floor professional workspace pairs hardwood floors with dedicated parking behind the building.
Where is this office unit located?
The property is located at 330 W Lamar Street #203 Sherman, TX.
What are key features of this property?
This property features: 1,742 SF second‑floor office unit; Built in 1918; Exposed brick, hardwood floors, and natural light
