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Property profile & analytics
FOR SALE
Commercial real estate
2121 N Fm 1417 Sherman, TX 75092
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-3390767
For Sale
1 / 10
$2,695,000
2121 N Fm 1417, Sherman, TX 75092
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1983
Total area
7,392 SF
Lot
3.56 ac (155,074 SF)
APN
S015 226300501
UPID
US82-3390767
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.09M
Owner & transaction history
Mvks LLC · 4 yrs held
Mvks LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sherman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sherman submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,220,000
6.5%
$1,125,000
7%
$1,045,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$685,000
Current use
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$147 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$52,629
Tax year 2022
Assessed value
$2,524,048
Assessed 2023
Previous assessed
$2,524,048
+0.0% YoY
Effective rate
2.09%
On assessed value
Assessed land
$1,139,792
Assessed improvement
$1,384,256
Land market value
$1,139,792
Improvement market value
$1,384,256
Total market value
$2,524,048
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1983
Heating
CENTRAL
Cooling
CENTRAL
Total area
7,392 SF
Lot
3.56 ac (155,074 SF)
APN
S015 226300501
UPID
US82-3390767
Jurisdiction
GRAYSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$685,000
COMMERCIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Heating
CENTRAL
Cooling
Yes
Lot
3.56 ac
Current owner
From public records · entity-resolved
Mvks LLC
Entity
Mailing address
9487 VITA DOLCE DR, FRISCO, TX 75035-2391
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
28 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
—
Mvks LLC
Owen Central LLC
Venders Lien
$2,120,000 · Simmons Bank
Nov 13, 2019
—
Owen Central LLC
—
Deed Of Trust
related
$2,080,000 · Ameristate Bk
Dec 26, 2018
—
Owen Central LLC
—
Deed
related
$194,390 · Ameristate Bk
Dec 14, 2018
—
Owen Central LLC
—
Deed
related
$1,634,320 · Ameristate Bk
May 30, 2018
—
Owen Central LLC
—
Deed
related
$1,634,320 · Ameristate Bk
Mar 8, 2017
—
Owen Central LLC
—
Deed
related
$153,097 · Ameristate Bank
Oct 20, 2016
—
Owen Central LLC
—
Deed
related
$1,635,305 · Ameristate Bk
Jul 5, 2016
—
Owen Central LLC
—
Deed
related
$100,441 · Ameristate Bk
Dec 20, 2011
—
Owen Central LLC
—
Trustees Deed
related
$161,474 · Ameristate Bank
Sep 12, 2011
—
Owen Central LLC
Shafer Childrens Trust
Venders Lien
$1,635,305 · Ameristate Bank
Oct 28, 2008
—
Shafer Childrens Trust
—
Trustees Deed
related
$1,000,000 · Park Cities Bank
—
—
Owen Central LLC
—
Loan Modification
related
$100,441 · Ameristate Bk
—
—
Shafer Trust
—
Deed Of Trust
related
$1,000,000 · Park Cities Bank
—
—
Owen Central LLC
—
Loan Modification
related
$1,634,320 · Ameristate Bk
—
—
Owen Central LLC
—
Loan Modification
related
$1,635,305 · Ameristate Bk
—
—
Owen Central LLC
—
Deed Of Trust
related
$1,635,305 · Ameristate Bank
—
—
Owen Central LLC
—
Deed Of Trust
related
$222,663 · Ameristate Bk
—
—
Owen Central LLC
—
Loan Modification
related
$1,635,305 · Ameristate Bk
—
—
Owen Central LLC
—
Deed Of Trust
related
$1,645,408 · Ameristate Bank
—
—
Owen Central LLC
—
Loan Modification
related
$194,390 · Ameristate Bk
—
—
Owen Central LLC
—
Deed Of Trust
related
$129,477 · Ameristate Bk
—
—
Shafer Childrens Trust
—
Deed Of Trust
related
$1,500,000 · Ameristate Bank
—
—
Owen Central LLC
—
Loan Modification
related
$1,635,305 · Ameristate Bk
—
—
Owen Central LLC
—
Loan Modification
related
$214,547 · Ameristate Bk
—
—
Owen Central LLC
—
Loan Modification
related
$1,635,305 · Ameristate Bk
—
—
Owen Central LLC
—
Loan Modification
related
$1,635,305 · Ameristate Bk
—
—
Owen Central LLC
—
Loan Modification
related
$222,663 · Ameristate Bk
—
—
Owen Central LLC
—
Loan Modification
related
$1,634,320 · Ameristate Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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