Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    115 S Travis St Sherman, TX 75090
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    115 S Travis St Sherman, TX 75090

    View on Map
    • Commercial real estate
    • 8,784 SF
    • 2.00 lot acres
    For Sale
    $2,500,000
    View Listing →
    Historic Sherman Building Awaits Vision For Sale
    $2,500,000
    0.47 Acres

    Historic Sherman Building Awaits Vision

    Iconic 1870 building in Sherman's downtown, ready for remodel.

    115 S Travis Street, Sherman, TX 75090
    View Listing
    Property ID
    US83-0764180
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Rotary Club of Grayson County / Nightclub / Music Venue
    • New York Life Insurance Co: Statham Zan S / Insurance Agency
    • Tom Shields Agency / Insurance Agency
    • ER of Texas / Hospital
    • ER of Texas Texoma / Hospital

    Property Details for 115 S Travis St

    Year built
    2017
    Lot size
    2.00 lot acres
    Property size
    8,784 SF
    Property type
    Commercial real estate
    APN
    184 7559002
    APU
    1847559002

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,450,000
      6.5%
      $1,340,000
      7%
      $1,240,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,243,000
      Market price range: $499k - $1.24M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $810,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.6104
    Latitude
    33.6018
    CBSA code
    43300
    CBSA name
    SHERMAN-DENISON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $67,698
    $1,569,249
    $1,319,336
    $2,888,585
    -
    $1,569,249
    $1,319,336
    $2,888,585

    Comparable in this City

    • Value Estimation by Request
      0.50 Acres

      1712 Heritage Pkwy

      Retail properties & Spaces • 0.50 Acres
      1712 Heritage Pkwy, Sherman, TX 75092
      View Details
    • Value Estimation by Request
      11.12 Acres

      1901 Heritage Pkwy

      Farms • 11.12 Acres
      1901 Heritage Pkwy, Sherman, TX 75092
      View Details
    • Value Estimation by Request
      39.94 Acres

      5510 La Cima Rd

      Land • 39.94 Acres
      5510 La Cima Rd, Sherman, TX 75092
      View Details
    • Value Estimation by Request
      25.37 Acres

      82 Hwy

      Land • 25.37 Acres
      82 Hwy, Sherman, TX 75092
      View Details
    • Value Estimation by Request
      151.17 Acres

      000 Preston Rd

      Land • 151.17 Acres
      000 Preston Rd, Sherman, TX 75092
      View Details
    • Value Estimation by Request
      15.57 Acres

      Us-82

      Land • 15.57 Acres
      0 Us-82, Sherman, TX 75092
      View Details

    Similar Nearby for Sale

    • $245,000
      0.30 Acres

      Prime Sherman TX Commercial Lot

      High-traffic .3-acre lot, Hwy 75 access.
      1906 Travis St, Sherman, TX 75092
      View Details
    • $800,000
      6.99 Acres

      Prime Sherman Commercial Land

      6.99 Acres, US-75 Visibility
      620 Graham Dr, Sherman, TX 75092
      View Details
    • $8,500,000
      99.74 Acres

      99.74 Acres in Sherman, TX

      99.74 acre investment tract east of Preston Road.
      99 W Washington St, Sherman, TX 75092
      View Details
    • $106,000
      0.39 Acres

      Corner Lot in Heritage Crossing

      Vacant corner lot in a desirable Sherman community.
      2705 Spring Lake Dr, Sherman, TX 75092
      View Details
    • $290,000
      1.60 Acres

      Updated Medical Office Condominium

      Updated medical office condominium in Sherman's medical district.
      425 N Highland Ave, Sherman, TX 75092
      View Details
    • $6,529,644
      149.91 Acres

      Sherman, TX Land Investment Property

      149.907 acres of land in the path of growth.
      1639 Logston Rd, Sherman, TX 75092
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      435,600 SF

      Versatile Warehouse Complex in Southmayd, TX

      61,474 sqft warehouse complex suitable for various commercial and industrial uses.
      72 Gibbons Rd, Sherman, TX 75092
      View Details
    • $12 SF/Yr
      18,885 SF

      Sherman Retail/Medical Office Space

      Retail or medical office space available in Sherman, Texas.
      2121 N Fm 1417, Sherman, TX 75092
      View Details
    • Contact for pricing

      Sherman Town Center Retail Space

      Shopping, dining, and entertainment destination in Sherman, Texas.
      3606 Town Ctr Dr, Sherman, TX 75092
      View Details
    • $700 /Mo
      35,284 SF

      Individual Offices in Sherman, TX

      Two individual offices available for immediate use in Sherman.
      205 W Lamberth Rd, Sherman, TX 75092
      View Details
    • $19 SF/Yr
      921 SF

      West Sherman Office Space Available

      Garden-style office suite built in 2019 with highway access.
      2620 S Travis St, Sherman, TX 75092
      View Details
    • $1.00 SF/Yr
      112,129 SF

      Professional Office Building For Lease

      Well-maintained office building with flexible spaces and highway connectivity.
      300 N Highland Ave, Sherman, TX 75092
      View Details
    View Listing
    Request Owner's contact information
    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.
    115 S Travis St
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!