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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

5631 Texoma Pkwy Sherman, TX 75090

6,000 SF Built 1985
Property ID
Property summary
AI-generated overview

This exceptional retail property, located at 5631 Texoma Parkway in the Texas East submarket cluster, offers ±3,031 square feet of immediately available space within a larger 6,000 square foot building. Built in 1985 and renovated in 2004, this single-story Class C building provides ample parking with a ratio of 1 space per 1,000 square feet. The space is ideally suited for a variety of retail or office uses and features a convenient rear overhead door, enhancing accessibility and functionality. The property is currently available for lease. The operating expense is $3.20 per square foot. The building's multiple tenancy structure provides a vibrant and diverse environment. This location within the Texas East Area offers excellent visibility and accessibility, making it an attractive opportunity for businesses seeking a well-established and convenient location. The property's recent renovations ensure a modern and functional space, ready for immediate occupancy. Interested parties should inquire about lease rates.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1985
Total area 6,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • RA Excellence Furniture & Mattress Store Furniture & Home Goods Home Decor Store
  • Nighthawk Electric Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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