Flex Space Buildings on Two
520 S Sam Rayburn Freeway Sherman, TX 75090
New
520 S Sam Rayburn Freeway, Sherman, TX, 75090
$475,000
For Sale
$475,000
Two separate flex/industrial buildings totaling about 4,400 SF, offered with land and commercial zoning near US-75.
Property Size4,400 SF
Price / SF$107.95
Days on Market2
Property Features for 520 S Sam Rayburn Freeway
General Information
- Standard status
- Active
- Size
- 4,400 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing agency
Keller Williams Realty DPR
(972) 608-0777
Listed by
Seychelle Van Poole · License #0522221
(972) 608-0777
Source
Cornerstonehomeandranch
Added: Jul 21 Updated: Jul 22 at 2:13AM Checked: Jul 22 at 2:13AM
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 Keller Williams Realty DPR
Investment Insights
Based on property information with market context.
The property offers two commercial buildings on separate legal parcels, totaling approximately 4,400 square feet of building space across two structures. The layout is designed to accommodate service-oriented operations that need a combination of workspace, storage, and straightforward accessibility. The offering includes building and land only, and the business and contents inside are not included.
Located just minutes from US-75, the site provides convenient access for both customers and business operations. The two-parcel setup creates additional flexibility for future leasing, resale, or redevelopment.
This configuration may support a range of uses such as contractor space, automotive services, flex space, or small business operations, subject to applicable commercial zoning and permitting requirements.
Located just minutes from US-75, the site provides convenient access for both customers and business operations. The two-parcel setup creates additional flexibility for future leasing, resale, or redevelopment.
This configuration may support a range of uses such as contractor space, automotive services, flex space, or small business operations, subject to applicable commercial zoning and permitting requirements.
Key Highlights
- Two separate commercial buildings on two separate legal parcels in Sherman, TX
- Total building area of about 4,400 SF across two structures
- Flex/industrial buildings with layout suited for service‑based businesses needing workspace and storage
Local Financial Insights For Warehouse
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 | $35.9k | $8.16 |
| − Vacancy | −$3.2k | −$0.72 |
| EGI | $32.7k | $7.44 |
| − OpEx | −$4.9k | −$1.12 |
| NOI | $27.8k | $6.33 |
4,400 SF · lease $8.16/SF/yr · vacancy 8.80% · expense 15.00%
Alternative Uses
Best Use
Retail
$1.04M
$912.9K – $1.22M
NOI $73,033 @ 7.0% cap · market cap 15.38%
Second Best
Warehouse
$397.6K
$347.9K – $463.9K
NOI $27,833 @ 7.0% cap · market cap 5.86%
Theoretical Best
Hotel Hospitality
$2.26M
$1.98M – $2.63M
NOI $158,004 @ 7.0% cap · market cap 33.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Feast On This! Catering — 1403 W Houston St, Sherman, TX 75092
- Garcia's Tamales & Tacos — 200 S Montgomery St, Sherman, TX 75090
- Sage Cafe — 210 W Houston St, Sherman, TX 75090
FAQs
What type of property is this?
Flex space - Two separate flex/industrial buildings totaling about 4,400 SF, offered with land and commercial zoning near US-75.
Where is this flex space located?
The property is located at 520 S Sam Rayburn Freeway Sherman, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two separate commercial buildings on two separate legal parcels in Sherman, TX; Total building area of about 4,400 SF across two structures; Flex/industrial buildings with layout suited for service‑based businesses needing workspace and storage
