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    5623 Texoma Pkwy Sherman, TX 75090

    For Lease
    Contact for pricing

    10,738 SF Multi-Tenant Building, Grayson Submarket

    Lot size:
    10,738 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional multi-tenant property, located at 5623 Texoma Pkwy in Sherman, Texas, presents a unique investment opportunity. The 10,738 square foot building sits on a 0.25-acre lot and offers a blend of retail and office space, ideal for diverse business needs. Constructed in 1985, this single-story Class C building boasts ample parking, ensuring convenient access for tenants and customers. Currently, approximately 1,043 square feet are available for lease. The property features 100% HVAC, ensuring year-round climate control. Its strategic location in the Grayson submarket, within the Texas East cluster, provides excellent visibility and accessibility. The building design incorporates a front park and rear load configuration, optimizing functionality and convenience. The property is immediately available. Operating expenses are $3.20 per square foot. This versatile property is perfectly suited for a variety of businesses seeking a well-maintained space in a thriving Sherman location. The zip code is 75090.

    Property Features for 5623 Texoma Pkwy

    General Information

    Property type
    Industrial properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,738 SF
    Class
    C

    Building Details

    Year Built
    1985
    Stories
    1

    Unit(s) available at that property

    Space
    1,043 SF
    Size
    1,043 SF

    HighLights

    • 10,738 SF multi‑tenant building on a 0.25‑acre lot in Sherman, TX.
    • Class C, single‑story building constructed in 1985 with ample parking.
    • 1,043 SF currently available for lease.
    • 100% HVAC, front park and rear load configuration.
    • Located in the Grayson submarket, 75090, with excellent visibility and immediate availability.
    • Operating expenses are $3.20 PSF.
    Property Profile Location Intelligence

    Current Use by Public Records

    LP Electric Electrician

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Hair Salon Wholesale Shop Auto Repair Shop Nail Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.5777507
    Latitude
    33.6942001

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    FAQs

    What type of property is this?
    Industrial property - 10,738 SF Multi-Tenant Building, Grayson Submarket
    Where is this industrial property located?
    The property is located at 5623 Texoma Pkwy Sherman, TX.
    What are key features of this property?
    This property features: 10,738 SF multi-tenant building on a 0.25-acre lot in Sherman, TX.; Class C, single-story building constructed in 1985 with ample parking.; 1,043 SF currently available for lease.
    Request Owner's contact information
    5623 Texoma Pkwy Sherman, TX 75090
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    Sherman, TX 75090
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    Realmo Value Estimation

    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.

    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.

    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
    5623 Texoma Pkwy Sherman, TX 75090
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