Medical Office Building with Flexible
815 Pecan Grove Road E Sherman, TX 75090
815 Pecan Grove Road E, Sherman, TX, 75090
$1,350,000
For Sale
$1,350,000
SINGLE_FAMILY - Sherman, TX
Property Size5,250 SF
Lot Size0.92 Acres
Price / SF$257.14
Days on Market188
Property Features for 815 Pecan Grove Road E
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- APN
- 231142
- Lot size
- 0.92 Acres
Taxes and HOA fees
- Tax Description
- TEXOMA DERMATOLOGY CLINIC ADDITION, BLOCK 1,
- Tax Annual Amount
- 20003
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Vinyl
- Building materials
- Brick
- Roof type
- Shingle
Listing Agency
Bluestone Partners, LLC
(903) 813-1415
Sherman, TX
Listed by
Will McDougal · License #0811267
(903) 813-1415
Added: Jan 13 Checked: Jul 20 at 10:06 am
MLS# 21152465
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.
Bluestone Partners presents an exceptional opportunity to acquire a 5,250-square-foot medical office building built specifically for clinical use. The well-maintained facility offers a flexible layout designed to support a variety of healthcare practices, including multiple exam rooms, private offices, reception and waiting areas, procedure rooms, and ample storage. Modern infrastructure is in place to support day-to-day operations, including high-speed connectivity, along with dedicated patient access for a smoother visit experience. Ample on-site parking further enhances convenience for both patients and staff.
Located in a high-visibility area, the property benefits from proximity to nearby hospitals and easy access to major transportation routes. The surrounding market supports strong healthcare demand, making this an attractive option for both operators looking to expand and investors seeking a high-demand asset class.
This building is well-suited for medical groups and providers that need clinical rooms, a reception-driven front office, and dedicated patient flow. The multi-room configuration can accommodate a range of practice models, while the owner-user and investment appeal is strengthened by the immediate functionality of the space and its clear medical orientation.
Located in a high-visibility area, the property benefits from proximity to nearby hospitals and easy access to major transportation routes. The surrounding market supports strong healthcare demand, making this an attractive option for both operators looking to expand and investors seeking a high-demand asset class.
This building is well-suited for medical groups and providers that need clinical rooms, a reception-driven front office, and dedicated patient flow. The multi-room configuration can accommodate a range of practice models, while the owner-user and investment appeal is strengthened by the immediate functionality of the space and its clear medical orientation.
Key Highlights
- 5,250 SF medical office building built in 1985
- Brick construction with shingle roof
- Central heating and central air conditioning
Local 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 | $161.3k | $30.72 |
| − Vacancy | −$44.2k | −$8.42 |
| EGI | $117.1k | $22.30 |
| − OpEx | −$29.3k | −$5.58 |
| NOI | $87.8k | $16.73 |
5,250 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.25M
$1.10M – $1.46M
NOI $87,817 @ 7.0% cap · market cap 6.50%
Second Best
Healthcare Medical
$1.14M
$997.9K – $1.33M
NOI $79,834 @ 7.0% cap · market cap 5.91%
Theoretical Best
Hotel Hospitality
$2.69M
$2.36M – $3.14M
NOI $188,528 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Texoma Dermatology Clinic
Physician
Dr. Jesse R. ...
Physician
Valerie Truong, MD
Physician
Texas Health Presbyterian ...
Medical Clinic
Dr. Howard Steinman
Physician
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FAQs
What type of property is this?
Medical center - Purpose-built medical space with exam rooms, procedure areas, reception, waiting, and ample parking for patient and staff convenience.
Where is this medical center 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 SF medical office building built in 1985; Brick construction with shingle roof; Central heating and central air conditioning
