Sherman Medical Office Building For
3415 N Loy Lake Rd, Sherman, TX 75090
Call to check price and availability
3,400 SF medical office building in Sherman's medical corridor.
Type:Office
Property size:
3,400 SFPrice / SF:
$250/SF- Added:
- Feb 14, 2026
- Days on Market:
- 106
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 3415 N Loy Lake Rd
General Information
- Standard status
- Active
- Size
- 3,400 SF
- Property subtype
- Office
Building Details
- Year Built
- 1984
Listing agent Terrin Bertholf License #9014873
Listing office Bertholf Commercial Real Estate (903) 267-1573
Listing date Feb 14, 2026
Source Crexi
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 Bertholf Commercial Real Estate
HighLights
- Prime location in Sherman's growing medical corridor with excellent access to healthcare providers and major roadways.
- Currently configured for a medical practice with 10 exam rooms and multiple plumbed closets, suitable for owner‑occupancy.
- Separately metered for two suites with flexible reconfiguration options.
- Potential for expansion with additional land to the east and a clear‑span attic designed for a second floor.
- Recent parking lot repaving (2024) with 23 efficiently laid‑out spaces.
- Four‑zone HVAC system and external mechanical room for convenient servicing.
Overview
This 3,400 SF office building, constructed in 1984, is situated in Sherman’s expanding medical corridor, providing convenient access to nearby healthcare providers and major roads. Currently configured for a single medical practice, the property is separately metered for two suites. The layout includes 10 exam rooms, multiple plumbed closets, several common areas, and ample storage space. A four-zone HVAC system and an external mechanical room facilitate servicing. The majority of the west suite walls are non-weight bearing, allowing for flexible reconfiguration, while the east side features a clear-span attic designed for a potential second floor. The parking lot, repaved in 2024, offers 23 spaces. Additional land to the east was originally planned for expansion. The site is suitable for an owner-occupied medical practice, specialty clinic, or multi-tenant office configuration. Surrounded by established healthcare providers and new medical developments, this property presents a strong option for an owner-user or multi-tenant investment.
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 | $104.4k | $30.72 |
| − Vacancy | −$28.6k | −$8.42 |
| EGI | $75.8k | $22.30 |
| − OpEx | −$19.0k | −$5.58 |
| NOI | $56.9k | $16.73 |
3,400 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$812.5K
$710.9K – $947.9K
NOI $56,872 @ 7.0% cap · market cap 6.69%
Second Best
Healthcare Medical
$738.6K
$646.3K – $861.7K
NOI $51,702 @ 7.0% cap · market cap 6.08%
Theoretical Best
Hotel Hospitality
$1.74M
$1.53M – $2.03M
NOI $122,094 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Tadi Ciszak, MD
Physician
Premier Foot & Ankle
Physician
North Texas Foot ...
Medical Clinic
Salcher Christina M ...
Physician
Mohammad-Asad Ilahi
Physician
Location Insight
- Map
- Local Demand
- City
- Sherman
- County
- Grayson
- State
- Texas
- Longitude
- -96.6062336
- Latitude
- 33.6748293
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FAQs
What type of property is this?
Medical Office Space - 3,400 SF medical office building in Sherman's medical corridor.
Where is this medical office space located?
The property is located at 3415 N Loy Lake Rd Sherman, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Prime location in Sherman's growing medical corridor with excellent access to healthcare providers and major roadways.; Currently configured for a medical practice with **10 exam rooms and multiple plumbed closets**, suitable for owner‑occupancy.; Separately metered for two suites with flexible reconfiguration options.
