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    417 S Walnut St Sherman, TX 75090
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    417 S Walnut St, Sherman, TX 75090

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    • Medical Office Space
    • 2,095 SF
    • 0.49 lot acres
    For Lease
    $3,000/Mo
    View Listing →
    Retail/Office Space with Treed Backyard For Lease
    $3,000/Mo
    2,095 SF

    Retail/Office Space with Treed Backyard

    Functional space with offices, baths, and treed backyard.

    417 S Walnut St, Sherman, TX
    View Listing
    Property ID
    US82-0274065
    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

    • Medical Office Space

    Property Details for 417 S Walnut St

    Year built
    2004
    Lot size
    0.49 lot acres
    Property type
    Medical Office Space
    Property subtype
    Office Units

    Description

    This exceptional 2,095-square-foot commercial property, located at 417 S Walnut St in Sherman, Texas (zip code 75090), presents a unique investment opportunity. Built in 2004, this single-story Class B building sits on a 0.49-acre lot and offers a flexible layout suitable for various uses, including traditional office space, creative office, or a daycare facility. The property features a fully functional kitchen, four spacious offices, and three half-bathrooms plus one full bathroom with shower facilities. The open layout of the entry and common area provides a welcoming atmosphere. Ample parking is available with eight total spaces, complemented by a covered front driveway and a charming back porch overlooking a large, treed backyard. The zoning is Commercial Retail, allowing for diverse business applications. The entire 2,095 square feet is currently vacant, providing immediate occupancy for a new tenant or owner-occupier. This prime location in Sherman, Texas offers excellent visibility and accessibility, making it an ideal choice for entrepreneurs seeking a versatile and well-maintained commercial space. The property's features and location make it a must-see for those seeking a space to establish or expand their business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.6067862
    Latitude
    33.6337013

    Comparable in this City

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      Professional Office Suites at One Grand Centre

      Flexible office and medical-ready suites with secure access, on-site conference space, and ample parking.
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      Highly Visible Medical Office Suite

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      Creative Office Suite Downtown

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    • $21 SF/Yr
      62,291 SF

      Office Suites in Five-Story Building

      Flexible office suite options with secure access, conference space, and ample parking in a professional office setting.
      1800 Teague Dr, Sherman, TX 75090
      View Details

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    • $850,000
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      Medical Office Building with Two Suites

      Two separately metered suites with exam rooms, multi-zone HVAC, and repaved parking support flexible medical or office use.
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    • $1,200,000
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      Turnkey Medical Office Building with X-Ray

      Purpose-built two-story medical office with exam rooms, private offices, and an on-site X-Ray room set for clinical workflows.
      1700 Gallagher Dr, Sherman, TX 75090
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      Medical Office Building with Flexible Layout

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      Historic Sherman Building Awaiting Remodel

      Iconic Kelly Square building ready for complete remodel.
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    Similar Nearby for Lease

    • $1,700 /Mo
      3,659 SF

      Creative Office Suite Downtown

      Second-floor suite with open layout, hardwood floors, exposed brick, and track lighting for studio, office, or wellness use.
      105 S Travis St, Sherman, TX 75090
      View Details
    • $20 SF/Yr
      22,651 SF

      Purpose-Built Medical Office

      Turnkey medical facility with exam rooms, X-ray space, and two dedicated check-in areas for efficient patient flow.
      1700 Gallagher Dr, Sherman, TX 75090
      View Details
    • $19 SF/Yr
      62,291 SF

      Professional Office Suites at One Grand Centre

      Flexible office and medical-ready suites with secure access, on-site conference space, and ample parking.
      1800 Teague Dr, Sherman, TX 75090
      View Details
    • $19 SF/Yr
      40,075 SF

      Highly Visible Medical Office Suite

      Well-located suite suited for growing healthcare practices, offering visibility and a move-in incentive.
      3305 N Calais Dr, Sherman, TX 75090
      View Details
    • $21 SF/Yr
      62,291 SF

      Office Suites in Five-Story Building

      Flexible office suite options with secure access, conference space, and ample parking in a professional office setting.
      1800 Teague Dr, Sherman, TX 75090
      View Details
    • Contact for pricing
      1,245 SF

      Sherman Office Suite For Rent

      Office suite in thriving plaza with highway access.
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    Sherman, TX 75090
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    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.

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