Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    2121 Fm 1417 Sherman, TX 75092-3165

    • Commercial real estate
    • 3.56 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5687034
    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.

    Current Use by Public Records

    • Total Health Chiropractic Keith Kimberlin, D.C. / Alternative Medicine Practice
    • Casey's / Take-out & Catering
    • Acme Cleaners / (Bike/Boat/Book/etc) Store
    • Momo's Donuts / Bakery / Discount Store
    • MAXIM Salon and Spa / Hair Salon / Nail Salon

    Property Details for 2121 Fm 1417

    Year built
    2006
    Lot size
    3.56 lot acres
    Property type
    Commercial real estate
    APN
    S015 226300501C001
    APU
    S015226300501C001

    Description

    This 17,597 square foot retail center, located at 2121 FM1417 in Sherman, Texas, presents a compelling investment opportunity. Built in 1983, the property sits on a 3.56-acre lot and boasts 134 parking spaces, ensuring ample customer convenience. The center currently features a mix of tenants in a multi-tenant configuration, including a gas station, and offers three immediately available spaces ranging from 500 to 2,168 square feet. A total of 2,668 square feet is currently vacant, providing immediate potential for increased revenue. The property benefits from a highly visible location directly across from a Walmart, ensuring significant foot traffic and brand recognition. Located in Grayson County, Texas, with a zip code of 75092, this property offers excellent access to major roadways and a strong local customer base. The property's strategic location and existing infrastructure make it an ideal investment for both established businesses and new ventures seeking a prime retail space in a thriving community. This is a rare opportunity to acquire a well-positioned retail center with immediate income potential and significant upside.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.6416
    Latitude
    33.6545
    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
    $3,192
    $0.00
    $129,805
    $129,805
    -
    $0.00
    $129,805
    $129,805

    Comparable in this City

    • Value Estimation by Request
      2.39 Acres

      3791 Loy Lake Rd

      Land • 2.39 Acres
      3791 Loy Lake Rd, Denison, TX 75092
      View Details
    • Value Estimation by Request
      2.64 Acres

      100 Collins Dr, Unit C

      COMMERCIAL (GENERAL) • 2.64 Acres
      100 Collins Dr, Knollwood, TX 75092-3908
      View Details
    • Value Estimation by Request
      0.46 Acres

      Sherman, TX 75092

      COMMERCIAL (GENERAL) • 0.46 Acres
      Sherman, TX 75092
      View Details
    • Value Estimation
      $875,000
      9,229 SF

      2612 Lamberth Rd

      COMMERCIAL (GENERAL) • 9,229 SF
      2612 Lamberth Rd, Sherman, TX 75092-5179
      View Details
    • Value Estimation by Request
      3,223 SF

      4344 Loy Lk Rd

      COMMERCIAL (GENERAL) • 3,223 SF
      4344 Loy Lk Rd, Sherman, TX 75092
      View Details
    • Value Estimation by Request
      2,606 SF

      3209 Northgate Dr

      COMMERCIAL (GENERAL) • 2,606 SF
      3209 Northgate Dr, Sherman, TX 75092-9407
      View Details

    Similar Nearby for Sale

    • $800,000
      6.99 Acres

      Sherman Commercial Land Investment

      Prime Texas location, ideal for development.
      620 Graham Dr, Sherman, TX 75092
      View Details
    • Contact for pricing
      5.54 Acres

      Sherman Commercial Land - 5.54 Acres

      Prime Commercial Land Near Texas Instruments
      0 Sec Heritage Pkwy & Park Ave, Sherman, TX 75092
      View Details
    • Contact for pricing
      2.39 Acres

      Prime Commercial Land, Hwy 75

      2.39 Acres, C-1 Zoning, High Traffic
      3791 Loy Lake Rd, Denison, TX 75092
      View Details
    • Contact for pricing
      6.00 Acres

      Sherman Commercial Land Opportunity

      Six acres, prime commercial location.
      0 Heritage Pkwy, 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
    • $13,900,000
      151.17 Acres

      Prime Sherman Land - 151 Acres

      Exceptional commercial & residential acreage.
      000 Preston Rd, Sherman, TX 75092
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Sherman Town Center Retail Space

      Prime Sherman, TX Retail Opportunity
      3606 Town Ctr Dr, Sherman, TX 75092
      View Details
    • $37 SF/Yr
      405 SF

      Sherman Office Space For Rent

      Office space available for lease in Sherman, Texas.
      4613 Fm 1417, Sherman, TX 75092
      View Details
    • $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
    • $12 SF/Yr

      Medical Office Space Available

      Finished medical office space with signage available in Sherman, TX.
      2121 Q, Sherman, TX 75092
      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
    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.
    2121 Fm 1417
    Sherman, TX 75092-3165
    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.