Warehouse with Dedicated
For Sale
$699,000
5626 Texoma Parkway, Sherman, TX 75090
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 Market93
Property Features for 5626 Texoma Parkway
General Information
Standard status
Active
Size
7,616 SF
Property subtype
Warehouse
Site & Location
Traffic Count
13,000 vehicles/day
Road Access
Yes
Additional Details
Drive-In Doors
3
Building Details
Year Built
1982
Listing Agency:
PARAGON, REALTORS
(903) 893-8174
Listed By:
Stephany Smith · License #0713158
(903) 744-3015
Source:
Lonestarluxuryrealty
Added: Jul 13
Changed: Oct 6
Last Checked: Oct 12 at 7:41PM
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,176
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$963,520
$963.5K
Cap Rate 7%
$688,229
$688.2K
Cap Rate 9%
$535,289
$535.3K
Market Conditions
NOI Build-Up for 7,616 SF
Gross rent
$62.1K $8.16/SF
− Vacancy
−$5.5K −$0.72/SF
EGI
$56.7K $7.44/SF
− OpEx
−$8.5K −$1.12/SF
NOI
$48.2K $6.33/SF
Area
Grayson County, TX
Vacancy
8.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$963,520
Cap Rate 7%
$688,229
Cap Rate 9%
$535,289
Alternative Uses
Best Use
Warehouse
$688.2K
$602.2K – $802.9K
NOI $48,176 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
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 authorities.
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Property Analytics
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Current Use
Lease Details
3
Drive-in doors
13,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in South region
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Similar Off Market Nearby
- CubeSmart Self Storage — 2601 Hilltop Dr, Sherman, TX 75090
- CubeSmart Self Storage — 4800 Texoma Pkwy, Sherman, TX 75090
Frequently Asked Questions
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
