Insulated Shop With Horse
516 Stark Lane Sherman, TX 75090
New
516 Stark Lane, Sherman, TX, 75090
$795,000
For Sale
$795,000
COMMERCIAL - Sherman, TX
Property Size9,500 SF
Lot Size5.51 Acres
Price / SF$83.68
Days on Market1
Property Features for 516 Stark Lane
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Driveway
- Standard status
- Active
- APN
- 128952
- Size
- 9,500 SF
- Lot size
- 5.51 Acres
Taxes and HOA fees
- Tax Description
- HELVEY ADDN, LOT 1
- Tax Annual Amount
- 8981
Utilities
- Sewer type
- Septic Tank
- Water source
- Public
Building Details
- Year built
- 1980
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete
- Building materials
- MetalSiding
- Roof type
- Metal
Listing Agency
Wanja Powers
(214) 284-5845
Allen, TX
Listed by
Wanja Powers
(214) 284-5845
Added: Jul 16 Checked: Jul 16 at 7:06 pm
MLS# 21330644
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5.51-acre property includes a 9,500-square-foot insulated shop built for versatile use. The shop has an office, a spacious restroom, and a full kitchen. The back portion features three insulated 12' x 12' horse stalls with a dedicated water line.
Additional functionality is provided by a covered open-air breezeway behind the stalls, offering space that can support storage needs. The acreage is fully perimeter fenced and cross-fenced with slick wire.
A residence is included on the property, with spacious living areas and custom cabinetry throughout. The home features expansive windows and mature trees for privacy, and there is a pond at the back of the property.
Additional functionality is provided by a covered open-air breezeway behind the stalls, offering space that can support storage needs. The acreage is fully perimeter fenced and cross-fenced with slick wire.
A residence is included on the property, with spacious living areas and custom cabinetry throughout. The home features expansive windows and mature trees for privacy, and there is a pond at the back of the property.
Key Highlights
- 9,500‑sq‑ft insulated shop on 5.51 acres, built in 1980, with metal siding, metal roof, and concrete flooring
- Shop includes office, spacious restroom, and a full kitchen, last used for cabinet manufacturing
- Back of shop has 3 insulated 12' x 12' horse stalls with a dedicated water line
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Anderson Cabinets
General Contractor
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Insulated shop on 5.51 acres with office, full kitchen, and three insulated 12' x 12' horse stalls.
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‑sq‑ft insulated shop on 5.51 acres, built in 1980, with metal siding, metal roof, and concrete flooring; Shop includes office, spacious restroom, and a full kitchen, last used for cabinet manufacturing; Back of shop has 3 insulated 12' x 12' horse stalls with a dedicated water line
