Renovated Drive-Through
For Sale
$549,000
900 N Broughton Street, Sherman, TX 75090
CommercialSale, Sherman, TX
Property Size1,452 SF
Lot Size0.39 Acres
Price / SF$378.10
Days on Market103
Property Features for 900 N Broughton Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
second generation restaurant
Subdivision
Boyer & Lucas Add
Directions
refer to GPS
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
Legal 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
Amenities
storage house
Building Details
Year built
1988
Floors in Building
1
Flooring type
Tile, Vinyl
Building materials
Brick
Roof type
Shingle
Listing Agency:
Opportune Realty
Listed By:
Ari Besefki
(214) 662-1941
Added: Jul 11
Changed: Oct 20
Last Checked: Oct 21 at 4:06PM
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.
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Investment Insights
Based on property information with market context.
This freestanding, second-generation restaurant at 900 N Broughton Street includes a drive-through, patio, and storage house within a 1,452-square-foot building. The property occupies 0.39 acres and features exterior brick construction, tile and vinyl flooring, central HVAC, natural-gas heating, and electric cooling.
Renovation work extended to the building’s core systems, including plumbing, electrical panels, HVAC equipment, and the interior structure. Public water and public sewer serve the property. Built in 1988, the restaurant is located a few blocks from Austin College in Sherman, Texas.
Renovation work extended to the building’s core systems, including plumbing, electrical panels, HVAC equipment, and the interior structure. Public water and public sewer serve the property. Built in 1988, the restaurant is located a few blocks from Austin College in Sherman, Texas.
Key Highlights
- 1,452‑square‑foot freestanding restaurant with drive‑through
- 0.39‑acre parcel with patio and storage house
- Renovated to the studs with updated HVAC, plumbing, and electrical panels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,822
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,440
$516.4K
Cap Rate 7%
$368,886
$368.9K
Cap Rate 9%
$286,911
$286.9K
Market Conditions
NOI Build-Up for 1,452 SF
Gross rent
$36.2K $24.96/SF
− Vacancy
−$1.8K −$1.25/SF
EGI
$34.4K $23.71/SF
− OpEx
−$8.6K −$5.93/SF
NOI
$25.8K $17.78/SF
Area
Grayson County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,440
Cap Rate 7%
$368,886
Cap Rate 9%
$286,911
Alternative Uses
Best Use
Specialty Retail
$368.9K
$322.8K – $430.4K
NOI $25,822 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$744.9K
$651.8K – $869.0K
NOI $52,141 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
899
Businesses Nearby
Explore this area
Business Placement
Demographics for 75090, TX
25,002
Population
9,602
Households
2.6
Avg Household Size
35
Median Age
15%
College-Educated
84%
High-School Grad
78.5 sq mi
ZIP Area
318
Density / Sq Mi
$58,586
Median Household Income
$36,230
Median Earnings
$1,111
Median Rent
$163,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding restaurant with patio, storage, and extensively updated building systems.
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 $549,000.
What are key features of this property?
This property features: 1,452‑square‑foot freestanding restaurant with drive‑through; 0.39‑acre parcel with patio and storage house; Renovated to the studs with updated HVAC, plumbing, and electrical panels
