Renovated Restaurant with
900 N Broughton Street Sherman, TX 75090
For Sale
$599,000
Freestanding, renovated restaurant with drive-through near Austin College.
Property Size1,452 SF
Price / SF$412.53
Days on Market100
Property Features for 900 N Broughton Street
General Information
Standard status
Active
Size
1,452 SF
Property subtype
Commercial
Building Details
Year Built
1988
Listing Agency:
Opportune Realty
(214) 662-1941
Listed By:
Ari Besefki · License #0655788
(214) 662-1941
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 29 at 1:22PM
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 Opportune Realty
Investment Insights
Based on property information with market context.
This is a freestanding, second-generation restaurant property featuring a drive-through. The building has been totally renovated to the studs, including a new metal roof, HVAC systems, plumbing, and electrical panels. The property includes 1,452 square feet of space, along with a storage house and patio. It is located a few blocks from Austin College.
Key Highlights
- Completely renovated to the studs, featuring a new metal roof, HVACs, plumbing, and electrical panels.
- Free‑standing second‑generation restaurant with a drive‑through.
- Located just a few blocks from Austin College.
Financial Insights For Specialty Retail
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 | $36.2k | $24.96 |
| − Vacancy | −$1.8k | −$1.25 |
| EGI | $34.4k | $23.71 |
| − OpEx | −$8.6k | −$5.93 |
| NOI | $25.8k | $17.78 |
1,452 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$368.9K
$322.8K – $430.4K
NOI $25,822 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$744.9K
$651.8K – $869.0K
NOI $52,141 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding, renovated restaurant with drive-through near Austin College.
Where is this drive through restaurant located?
The property is located at 900 N Broughton Street Sherman, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Completely renovated to the studs, featuring a new metal roof, HVACs, plumbing, and electrical panels.; Free‑standing second‑generation restaurant with a drive‑through.; Located just a few blocks from Austin College.
