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    5631 Texoma Pkwy Sherman, TX 75090

    For Lease
    Contact for pricing

    Prime Retail Space - Immediate Occupancy

    Lot size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional retail property, located at 5631 Texoma Parkway in the Texas East submarket cluster, offers ±3,031 square feet of immediately available space within a larger 6,000 square foot building. Built in 1985 and renovated in 2004, this single-story Class C building provides ample parking with a ratio of 1 space per 1,000 square feet. The space is ideally suited for a variety of retail or office uses and features a convenient rear overhead door, enhancing accessibility and functionality. The property is currently available for lease. The operating expense is $3.20 per square foot. The building's multiple tenancy structure provides a vibrant and diverse environment. This location within the Texas East Area offers excellent visibility and accessibility, making it an attractive opportunity for businesses seeking a well-established and convenient location. The property's recent renovations ensure a modern and functional space, ready for immediate occupancy. Interested parties should inquire about lease rates.

    Property Features for 5631 Texoma Pkwy

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,000 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1985/2004
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 5631
    Size
    3,031 SF

    HighLights

    • 6,000 SF retail building in Texas East submarket.
    • Class C property built in 1985, renovated in 2004.
    • Single‑story building with ample parking (1 space per 1,000 sq ft).
    • 3,031 SF of retail space currently available for lease.
    • Features one rear overhead door and is suitable for office or retail use.
    • Asking lease rate available upon request; $3.20/SF OPEX.
    Property Profile Location Intelligence

    Current Use by Public Records

    RA Excellence Furniture ... Furniture Store Nighthawk Electric Electrician

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Hair Salon Wholesale Shop Auto Repair Shop Nail Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.5765244
    Latitude
    33.6937198

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space - Immediate Occupancy
    Where is this retail property located?
    The property is located at 5631 Texoma Pkwy Sherman, TX.
    What are key features of this property?
    This property features: 6,000 SF retail building in Texas East submarket.; Class C property built in 1985, renovated in 2004.; Single-story building with ample parking (1 space per 1,000 sq ft).
    Request Owner's contact information
    5631 Texoma Pkwy Sherman, TX 75090
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    Sherman, TX 75090
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5631 Texoma Pkwy Sherman, TX 75090
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