Insulated Shop and Equestrian
516 Stark Lane Sherman, TX 75090
New
For Sale
$795,000
A 9,500-square-foot insulated shop with office, kitchen, and three insulated horse stalls, plus a fully fenced 5.51-acre lot.
Property Size9,500 SF
Lot Size5.51 Acres
Price / SF$83.68
Days on Market4
Property Features for 516 Stark Lane
General Information
Standard status
Active
Size
9,500 SF
Lot size
5.51 Acres
Property subtype
Industrial
Building Details
Year Built
1980
Listing Agency:
Wanja Powers
(214) 284-5845
Listed By:
Rene Jensen
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 27 at 6:35AM
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 Wanja Powers
Investment Insights
Based on property information with market context.
This property features a 9,500-square-foot insulated shop designed for versatility. The facility includes an office, spacious restroom, and a full kitchen. The back portion of the shop is set up for equestrian use with three insulated 12' x 12' horse stalls and a dedicated water line. Beyond the stalls, there is a covered open-air breezeway that can serve as additional space for equipment storage, trailers, or boats.
The home on the property was constructed with careful attention to detail and includes spacious living areas with custom cabinetry throughout. Expansive windows bring in views of the surrounding countryside, and mature trees help create a private setting. The acreage totals 5.51 acres and is fully perimeter fenced and cross-fenced with slick wire. A pond at the back of the property adds a quiet, scenic element to the setting.
With its integrated shop improvements, equestrian stall setup, and on-site residence, the property offers a live-work style configuration on a fenced, acreage lot at 516 Stark Lane, Sherman, TX 75090.
The home on the property was constructed with careful attention to detail and includes spacious living areas with custom cabinetry throughout. Expansive windows bring in views of the surrounding countryside, and mature trees help create a private setting. The acreage totals 5.51 acres and is fully perimeter fenced and cross-fenced with slick wire. A pond at the back of the property adds a quiet, scenic element to the setting.
With its integrated shop improvements, equestrian stall setup, and on-site residence, the property offers a live-work style configuration on a fenced, acreage lot at 516 Stark Lane, Sherman, TX 75090.
Key Highlights
- 9,500‑SF insulated shop built in 1980 with office, spacious restroom, and full kitchen
- Shop includes three insulated 12' x 12' horse stalls with a dedicated water line
- Back portion offers a covered open‑air breezeway for additional equipment, trailer, or boat storage
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 | $77.5k | $8.16 |
| − Vacancy | −$6.8k | −$0.72 |
| EGI | $70.7k | $7.44 |
| − OpEx | −$21.2k | −$2.23 |
| NOI | $49.5k | $5.21 |
9,500 SF · lease $8.16/SF/yr · vacancy 8.80% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.27M
$1.99M – $2.65M
NOI $158,907 @ 7.0% cap · market cap 19.99%
Second Best
Mixed Use
$1.34M
$1.18M – $1.57M
NOI $94,050 @ 7.0% cap · market cap 11.83%
Theoretical Best
Hotel Hospitality
$4.87M
$4.26M – $5.69M
NOI $341,145 @ 7.0% cap · market cap 42.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Manufacturing property - A 9,500-square-foot insulated shop with office, kitchen, and three insulated horse stalls, plus a fully fenced 5.51-acre lot.
Where is this manufacturing property located?
The property is located at 516 Stark Lane Sherman, TX.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 9,500‑SF insulated shop built in 1980 with office, spacious restroom, and full kitchen; Shop includes three insulated 12' x 12' horse stalls with a dedicated water line; Back portion offers a covered open‑air breezeway for additional equipment, trailer, or boat storage
