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    Free-Standing Drive-Through Restaurant Title is generated by Realmo AI

    900 N Broughton Street, Sherman, TX 75090

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    Picture of Drive through restaurants at 900 N Broughton Street, Sherman, TX
    For Sale
    $599,000

    SINGLE_FAMILY - Sherman, TX

    Type:Retail
    Property size:
    1,452 SF
    Lot size:
    0.39 Acres
    Price / SF:
    $412/SF
    Added:
    Mar 20, 2026
    Days on Market:
    79
    Last Refresh:
    Jun 6 at 12:06 pm

    Property Features for 900 N Broughton Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    159965
    Lot size
    0.39 Acres

    Taxes and HOA fees

    Tax Description
    BOYER & LUCAS ADDN, LOT 1 THRU 3, & LAND WEST

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1988
    Floors in Building
    1
    Flooring type
    Vinyl, Tile
    Building materials
    Brick
    Roof type
    Shingle

    We can help!

    Listing Contact
    Ari Besefki
    Ari Besefki

    Listing agent Ari Besefki License #0655788

    Listing office Opportune Realty Frisco, TX

    Listing date Mar 20, 2026

    MLS# 21192586

    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.

    HighLights

    • Totally renovated to the studs, including new metal roof, HVAC system(s), plumbing, and electrical panels
    • Free‑standing second‑generation restaurant with drive‑through
    • 1,452 SF building with storage‑house and patio
    • Brick construction with shingle roof; vinyl and tile flooring
    • Central heating (natural gas) with central air and electric cooling
    • Public water and public sewer

    Overview

    This free-standing second-generation restaurant has been totally renovated to the studs, with a new metal roof, HVAC, plumbing, and updated electrical panels. Exterior break walls have also been addressed, delivering a turnkey building for an operator looking to open with confidence. The property includes a drive-through for added convenience, along with an attached storage-house and a patio for guest use.

    Located at 900 N Broughton Street in Sherman, Texas, the site is just a few blocks from Austin College. The building’s drive-through configuration is well-suited for concepts that want to serve both walk-in and vehicle-based guests from the same location.

    With its recent, comprehensive interior and systems improvements, this property is an attractive option for restaurant owners or investors seeking a ready-to-operate restaurant facility. The drive-through setup supports fast-service formats, while the patio and outdoor space can complement a range of contemporary dining concepts. At 1,452 square feet, the layout is designed to function as a dedicated restaurant with on-site storage and practical outdoor space for customers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Carlos Kitchen Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.605357
    Latitude
    33.645512

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    FAQs

    What type of property is this?
    Drive through restaurant - Totally renovated second-generation restaurant with drive-through, patio, and storage-house, positioned 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: Totally renovated to the studs, including new metal roof, HVAC system(s), plumbing, and electrical panels; Free‑standing second‑generation restaurant with drive‑through; 1,452 SF building with storage‑house and patio
    (214) 662-1941
    We can help!
    Listing Contact
    Ari Besefki
    Ari Besefki
    Real Estate License ID: 0655788
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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