Insulated Shop and Equestrian
For Sale
$789,500
516 Stark Lane, Sherman, TX 75090
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$83.11
Days on Market96
Property Features for 516 Stark Lane
General Information
Standard status
Active
Size
9,500 SF
Lot size
5.51 Acres
Property subtype
Industrial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Year Built
1980
Listing Agency:
Lonestar Luxury Realty
Listed By:
Rene Jensen · License #0720823
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Jul 24
Changed: Oct 25
Last Checked: Oct 26 at 3:28PM
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 Lonestar Luxury Realty
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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
Estimated NOI and Cap Rate
NOI / Yr
$49,489
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$989,780
$989.8K
Cap Rate 7%
$706,986
$707.0K
Cap Rate 9%
$549,878
$549.9K
Market Conditions
NOI Build-Up for 9,500 SF
Gross rent
$77.5K $8.16/SF
− Vacancy
−$6.8K −$0.72/SF
EGI
$70.7K $7.44/SF
− OpEx
−$21.2K −$2.23/SF
NOI
$49.5K $5.21/SF
Area
Grayson County, TX
Vacancy
8.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$989,780
Cap Rate 7%
$706,986
Cap Rate 9%
$549,878
Alternative Uses
Best Use
Industrial
$707.0K
$618.6K – $824.8K
NOI $49,489 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.87M
$4.26M – $5.69M
NOI $341,145 @ 7.0% cap · market cap 43.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
15
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 Industrial in South region
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 $789,500.
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
