808 Austin St Sherman, TX 75090
This exceptional retail property, located at 808 S Austin Street in Sherman, Texas, presents a unique investment opportunity. The 2,615 square foot building, constructed in 1920, sits on a 0.984-acre lot and boasts a charming two-story design. The building's construction is wood, with a composition roof. Utilities include city water, city sewer, and cable availability, along with sidewalks. The property features a garage facing the front, providing convenient parking. The asking price is $800,000, translating to $305.93 per square foot. The property includes both land and improvements. The building's ceiling height is not specified. The property fronts a city street. Tenants are responsible for no utilities. Showings require 24-hour notice. Possession is negotiable and will be granted upon closing/funding. The Grayson County property's APN is 163702. This is a single-unit retail space in a prime location, ideal for a variety of commercial uses. The property's historic character and convenient location make it a highly desirable investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.