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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

5623 Texoma Pkwy Sherman, TX 75090

10,738 SF Built 1985
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Year built 1985
Total area 10,738 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
  • LP Electric Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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