Medical Office Building For
815 Pecan Grove Road E Sherman, TX 75090
For Sale
$1,350,000
5,250 SF medical office building in high-visibility location.
Property Size5,140 SF
Price / SF$262.65
Days on Market100
Property Features for 815 Pecan Grove Road E
General Information
Standard status
Active
Size
5,140 SF
Property subtype
Commercial
Building Details
Year Built
1985
Listing Agency:
Bluestone Partners, LLC
(903) 813-1415
Listed By:
Will McDougal · License #0811267
(214) 799-4269
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 17 at 9:11AM
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 Bluestone Partners, LLC
Investment Insights
Based on property information with market context.
This 5,250-square-foot medical office building is strategically located in a high-visibility area. The well-maintained facility is purpose-built for medical use and ideally suited for a wide range of healthcare practices. The building features a flexible layout that accommodates multiple exam rooms, private offices, reception and waiting areas, procedure rooms, and ample storage. Modern infrastructure supports clinical operations, with high-speed connectivity and dedicated patient access. Ample on-site parking ensures convenience for patients and staff. The surrounding area offers strong demographics, nearby hospitals, and easy access to major transportation routes. It is an exceptional investment or owner-user opportunity.
Key Highlights
- 5,250 sq ft medical office building in a high‑visibility location.
- Purpose‑built for medical use with a flexible layout including multiple exam rooms, private offices, and procedure rooms.
- Ample on‑site parking for patients and staff.
Financial Insights For Office B
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 | $157.9k | $30.72 |
| − Vacancy | −$43.3k | −$8.42 |
| EGI | $114.6k | $22.30 |
| − OpEx | −$28.7k | −$5.58 |
| NOI | $86.0k | $16.73 |
5,140 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.23M
$1.07M – $1.43M
NOI $85,977 @ 7.0% cap · market cap 6.37%
Second Best
Healthcare Medical
$1.12M
$977.0K – $1.30M
NOI $78,161 @ 7.0% cap · market cap 5.79%
Theoretical Best
Hotel Hospitality
$2.64M
$2.31M – $3.08M
NOI $184,577 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Petco Vaccination Clinic — 4184 Town Center Dr, Sherman, TX 75092
Frequently Asked Questions
What type of property is this?
Medical Office Space - 5,250 SF medical office building in high-visibility location.
Where is this medical office space located?
The property is located at 815 Pecan Grove Road E Sherman, TX.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 5,250 sq ft medical office building in a high‑visibility location.; Purpose‑built for medical use with a flexible layout including multiple exam rooms, private offices, and procedure rooms.; Ample on‑site parking for patients and staff.
