Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5635 Texoma Pkwy Sherman, TX 75090

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    1,562 SF Retail Space Available Now

    Lot size:
    1,562 SF

    Property Features for 5635 Texoma Pkwy

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,562 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1985/2004
    Stories
    1

    Spaces For Lease

    at 5635 Texoma Pkwy, Sherman, TX 75090 Contact us

    We can help!

    Listing Contact
    Phillip Rosenfeld
    Phillip Rosenfeld

    Listing Agency: Lee & Associates Dallas/Fort Worth Listing Agent: Phillip Rosenfeld

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 1,562 square foot retail space, located in the Texas East Submarket's Texoma Parkway Shopping Center, presents a fantastic opportunity for a discerning business. The single-story, Class C building, constructed in 1985 and renovated in 2004, offers a completely vacant space ready for immediate occupancy. The entire 1,562 square feet is available, providing flexibility for a variety of uses, including office or retail. Ample parking is available for customers and employees, ensuring convenient access. The property boasts 100% HVAC, guaranteeing a comfortable environment year-round. Signage opportunities are also available, enhancing visibility and attracting potential customers. This strip center location in the Texas East Area's Texas East Submarket Cluster provides excellent exposure and accessibility. The property is immediately available, allowing for a quick and efficient start to your business operations. The space is ideal for a single tenant seeking a fully functional and well-maintained retail or office space. Contact for lease rate information.
    Property Profile Location Intelligence

    Current Use by Public Records

    JB Naturals Alternative Medicine Practice Puffers Department Store HR Talent Partners Employment Agency Bitcoin ATM Sherman ... Crypto Atm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon 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
    -96.5764857
    Latitude
    33.6939679

    Nearby Similar for Lease

    • New
      $1,600 /Mo
      2,439 SF

      Downtown Sherman Retail Space Available

      Retail space in downtown Sherman near restaurants and boutiques.
      215 N Travis St, Sherman, TX 75090
      View Details
    • $1,500 /Mo
      697 SF

      Downtown Sherman Retail Space

      Retail space in a rapidly growing downtown Sherman location.
      133 E Wall St, Sherman, TX 75090
      View Details
    • $1,700 /Mo
      3,659 SF

      Downtown Sherman Creative Office Space

      Unique, flexible creative space in historic downtown Sherman, Texas.
      105 S Travis St, Sherman, TX 75090
      View Details
    • $2,800 /Mo
      42,602 SF

      Downtown Sherman Warehouse with Office

      2000 SF warehouse with office space on nearly acre.
      308 E Lamar St, Sherman, TX 75090
      View Details
    • $13,226 /Mo
      7,941 SF

      Retail Space in Sherman Crossroads

      Retail spaces available in high-traffic Sherman shopping center.
      2916 N Us Highway 75, Sherman, TX 75090
      View Details
    • $2,600 /Mo
      50,530 SF

      Updated Office Space For Lease

      Centrally located office space with Highway 75 visibility in Sherman.
      1303 N Travis St, Sherman, TX 75092
      View Details
    • $3,750 /Mo
      9,932 SF

      Historic Sherman Retail Space Available

      Prime retail space in Sherman's rapidly growing downtown core.
      330 W Lamar St, Sherman, TX 75090
      View Details
    • $19 SF/Yr
      40,075 SF

      Medical Office Space Available

      Highly visible medical office space in a high-traffic area.
      3305 N Calais Dr, Sherman, TX 75090
      View Details
    • $5,000 /Mo
      75,794 SF

      Sherman Industrial Space For Lease

      Versatile commercial space with high visibility and flexible layout.
      20110 Highway 56 W, Sherman, TX 75092
      View Details
    • New
      $30 SF/Yr
      8,665 SF

      Retail Space on Heritage Parkway

      New retail building with high visibility in growing Sherman corridor.
      Tbd Heritage Pkwy, Sherman, TX 75092
      View Details
    • $2,700 /Mo
      5,184 SF

      Historic Retail Space in Sherman

      Prime retail/office space in Sherman's Historic Downtown Square.
      100 N Travis St, Sherman, TX 75090
      View Details
    • $2,000 /Mo
      3,746 SF

      Downtown Sherman Retail/Office Space

      Office or retail space in historic downtown Sherman.
      109 S Travis St, Sherman, TX 75090
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - 1,562 SF Retail Space Available Now
    Where is this neighborhood center located?
    The property is located at 5635 Texoma Pkwy Sherman, TX.
    What are key features of this property?
    This property features: 1,562 SF available in a Texas East strip center.; Ample parking is available.; The space features 100% HVAC.
    (469) 222-4159 Call to check price and availability
    Request Owner's contact information
    5635 Texoma Pkwy Sherman, TX 75090
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5635 Texoma Pkwy
    Sherman, TX 75090
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    5635 Texoma Pkwy Sherman, TX 75090
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Phillip Rosenfeld
    Phillip Rosenfeld
    Real Estate License ID: 521093
    (469) 222-4159 (972) 934-4040
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!