Manufacturing Shop with Equestrian
For Sale
$784,900
516 Stark Lane, Sherman, TX 75090
CommercialSale, Sherman, TX
Property Size9,500 SF
Lot Size5.51 Acres
Price / SF$82.62
Days on Market91
Property Features for 516 Stark Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
commercial
Parking features
Driveway
Subdivision
Helvey Add
Lot features
Acreage, Pond On Lot
Directions
US-75 South, Exit 54 towards FM-902. Turn left onto FM-902, turn left onto Shepherd Rd, turn right onto Stark Ln, home on the right about .5 miles
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
Legal Description
HELVEY ADDN, LOT 1
Utilities
Sewer type
Septic Tank
Water source
Public
Amenities
office
restroom
kitchen
horse stalls
covered breezeway
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
Listed By:
Wanja Powers
(214) 284-5845
Added: Jul 17
Changed: Sep 17
Last Checked: Oct 15 at 12:06AM
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 9,500-square-foot manufacturing facility occupies 5.51 acres in Sherman and offers a combination of production, office, and support areas. The insulated shop includes an office, spacious restroom, full kitchen, concrete flooring, metal siding, and a metal roof. Public water and septic service support the property.
The rear section contains three insulated 12' x 12' horse stalls with a dedicated water line. A covered open-air breezeway extends beyond the stalls and provides additional covered area for equipment, trailers, or boats. The acreage is perimeter fenced and cross-fenced with slick wire, and a pond is located toward the back of the property. Built in 1980, the facility offers a distinctive manufacturing setting with integrated equestrian improvements.
The rear section contains three insulated 12' x 12' horse stalls with a dedicated water line. A covered open-air breezeway extends beyond the stalls and provides additional covered area for equipment, trailers, or boats. The acreage is perimeter fenced and cross-fenced with slick wire, and a pond is located toward the back of the property. Built in 1980, the facility offers a distinctive manufacturing setting with integrated equestrian improvements.
Key Highlights
- 9,500‑square‑foot insulated manufacturing shop on 5.51 acres
- Office, spacious restroom, and full kitchen within the facility
- Three insulated 12' x 12' horse stalls with dedicated water line
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,489
Cap Rate
6.31%
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
Office B
$2.27M
$1.99M – $2.65M
NOI $158,907 @ 7.0% cap · market cap 20.25%
Second Best
Mixed Use
$1.34M
$1.18M – $1.57M
NOI $94,050 @ 7.0% cap · market cap 11.98%
Theoretical Best
Hotel Hospitality
$4.87M
$4.26M – $5.69M
NOI $341,145 @ 7.0% cap · market cap 43.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
11
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Insulated commercial facility includes office, restroom, kitchen, and covered storage area.
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 $784,900.
What are key features of this property?
This property features: 9,500‑square‑foot insulated manufacturing shop on 5.51 acres; Office, spacious restroom, and full kitchen within the facility; Three insulated 12' x 12' horse stalls with dedicated water line
