Warehouse with Dedicated
5626 Texoma Parkway Sherman, TX 75090
New
5626 Texoma Parkway, Sherman, TX, 75090
$699,000
For Sale
$699,000
Warehouse totaling 7,616 SF includes a dedicated office, two half bathrooms, and three 12-foot roll-up doors.
Property Size7,616 SF
Price / SF$91.78
Days on Market6
Property Features for 5626 Texoma Parkway
General Information
- Standard status
- Active
- Size
- 7,616 SF
- Property subtype
- Warehouse
Building Details
- Year Built
- 1982
Listing Agency
PARAGON, REALTORS
(903) 893-8174
Listed by
Rene Jensen · License #0713158
(214) 532-6823
Source
Lonestarluxuryrealty
Added: Jul 13 Checked: Jul 17 at 5:43 am
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 PARAGON, REALTORS
Investment Insights
Based on property information with market context.
This warehouse property offers 7,616 square feet of warehouse space along with a dedicated office area. The interior includes two half bathrooms and ample storage throughout, supported by three 12-foot roll-up doors for practical shipping and receiving access. The configuration is well suited for industrial and commercial storage and operations requiring overhead door access.
Located on Texoma Parkway, the property is described as benefiting from high visibility and accessibility, with traffic reported at more than 13,000 vehicles per day. The surrounding area includes major businesses such as Oncor Electric, Ready Now Storage, TAPS, and Graham International.
The site includes an expansive lot with parking for employees, customers, work vehicles, and heavy equipment, with additional room described as available for future expansion or outdoor storage.
Located on Texoma Parkway, the property is described as benefiting from high visibility and accessibility, with traffic reported at more than 13,000 vehicles per day. The surrounding area includes major businesses such as Oncor Electric, Ready Now Storage, TAPS, and Graham International.
The site includes an expansive lot with parking for employees, customers, work vehicles, and heavy equipment, with additional room described as available for future expansion or outdoor storage.
Key Highlights
- 7,616 SF warehouse built in 1982 with a dedicated office and two half bathrooms
- Warehouse includes three 12‑foot roll‑up doors for shipping, receiving, and loading
- Abundant warehouse storage space with an office area included in the 7,616 SF
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 | $62.1k | $8.16 |
| − Vacancy | −$5.5k | −$0.72 |
| EGI | $56.7k | $7.44 |
| − OpEx | −$8.5k | −$1.12 |
| NOI | $48.2k | $6.33 |
7,616 SF · lease $8.16/SF/yr · vacancy 8.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.82M
$1.59M – $2.12M
NOI $127,393 @ 7.0% cap · market cap 18.23%
Second Best
Warehouse
$688.2K
$602.2K – $802.9K
NOI $48,176 @ 7.0% cap · market cap 6.89%
Theoretical Best
Hotel Hospitality
$3.91M
$3.42M – $4.56M
NOI $273,491 @ 7.0% cap · market cap 39.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
Similar Off Market Nearby
- Keyport Self Storage — 2524 Frisco Rd, Sherman, TX 75090
- CubeSmart Self Storage — 1720 N Loy Lake Rd, Sherman, TX 75090
- Discount Climate Controlled — 2612 N Loy Lake Rd # 210, Sherman, TX 75090
FAQs
What type of property is this?
Warehouse - Warehouse totaling 7,616 SF includes a dedicated office, two half bathrooms, and three 12-foot roll-up doors.
Where is this warehouse located?
The property is located at 5626 Texoma Parkway Sherman, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 7,616 SF warehouse built in 1982 with a dedicated office and two half bathrooms; Warehouse includes three 12‑foot roll‑up doors for shipping, receiving, and loading; Abundant warehouse storage space with an office area included in the 7,616 SF
