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Property profile & analytics
FOR SALE
Industrial properties
304 Progress Dr Sherman, TX 75092
Entity Owned
3-yr Hold
Free & Clear
Property ID
US82-5500690
For Sale
1 / 21
$1,985,000
304 Progress Dr, Sherman, TX 75092
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1992
Total area
5,196 SF
Lot
8.03 ac (349,700 SF)
APN
183 6911004
UPID
US82-5500690
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sapphire Stockhome LLC · 3 yrs held
Sapphire Stockhome LLC
since 2022
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$17,109
Tax year 2023
Assessed value
$1,139,700
Assessed 2024
Previous assessed
$832,079
+37.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$776,333
Assessed improvement
$363,367
Land market value
$776,333
Improvement market value
$363,367
Total market value
$1,139,700
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1992
Heating
CENTRAL
Cooling
CENTRAL
Total area
5,196 SF
Lot
8.03 ac (349,700 SF)
APN
183 6911004
UPID
US82-5500690
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
Building & site characteristics
From public records
Year built
1992
Heating
CENTRAL
Cooling
Yes
Lot
8.03 ac
Current owner
From public records · entity-resolved
Sapphire Stockhome LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4708 N FM 1417, SHERMAN, TX 75092-6602
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2022
—
Sapphire Stockhome LLC
William B Mccown JR
Warranty Deed
—
Aug 2, 2010
—
William B Mccown JR
Excel National Bank
Venders Lien
$170,000 · The American National Bank Of Texas
May 5, 2009
$736,000
Excel Natl Bk
Meredith Matthew
Trustees Deed
related
—
—
—
Americal Heat Transfer INC
—
Deed Of Trust
related
—
—
—
Americal Heat Transfers INC
—
Deed Of Trust
related
$1,747,400 · Excel National Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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