Free-Standing Drive-Through
900 N Broughton Street Sherman, TX 75090
900 N Broughton Street, Sherman, TX, 75090
$599,000
For Sale
$599,000
SINGLE_FAMILY - Sherman, TX
Property Size1,452 SF
Lot Size0.39 Acres
Price / SF$412.53
Days on Market30
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
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1988
- Floors in Building
- 1
- Flooring type
- Tile, Vinyl
- Building materials
- Brick
- Roof type
- Shingle
Listing agency
Opportune Realty
(214) 662-1941
Listed by
Ari Besefki · License #0655788
(214) 662-1941
Added: Jun 23 Updated: Jul 11 at 2:35PM Checked: Jul 22 at 2:06AM
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.
Investment Insights
Based on property information with market context.
This free-standing, second-generation restaurant has been totally renovated to the studs, with a new metal roof, HVAC systems, plumbing, and electrical panels, along with updated exterior brick walls. The property includes a drive-through and approximately 1,452 square feet of building area, plus a storage house and a patio.
Located at 900 N Broughton Street in Sherman, Texas, the property is described as being a few blocks from Austin College.
The site sits on approximately 0.39 acres and is configured to support both customer access through the drive-through and outdoor use via the patio.
Located at 900 N Broughton Street in Sherman, Texas, the property is described as being a few blocks from Austin College.
The site sits on approximately 0.39 acres and is configured to support both customer access through the drive-through and outdoor use via the patio.
Key Highlights
- Totally renovated to the studs with new metal roof, HVAC, plumbing, and updated electrical panels
- Free‑standing second‑generation restaurant with drive‑through
- 1,452 SF building includes storage‑house and patio
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Carlos Kitchen
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - Second-generation restaurant with a drive-through, fully renovated down to the studs and updated with a new metal roof.
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 with new metal roof, HVAC, plumbing, and updated electrical panels; Free‑standing second‑generation restaurant with drive‑through; 1,452 SF building includes storage‑house and patio
