Financial
Distress signals
Property profile

920 Heritage Pkwy Sherman, TX 75092

FOR SALE
Other commercial real estate
Property ID
US82-6520457
8,000 SF 3.73 ac lot Built 1994
Last sale Sep 2018
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a flex space building that was previously used as a childcare center and is configured with multiple classrooms, a kitchen, and restrooms. It includes a separate north-side entrance that can support office or light manufacturing use and allows adaptation to different internal operating layouts. The site is located along a growing corridor with frontage on Heritage Parkway and sits on more than 1.3 acres. Behind the main building, a storage unit facility was under development and is accessed from Quail Run Road.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$14k
Tax billed · 2023
Assessed value · 2024$601k
Assessed land$568k
Assessed improvement$33k
Effective rate2.34%

Value estimate

· Sep 2026
$380k
$342k – $418k
AI approach$380k
NOI build-up
Gross scheduled income$65k
Vacancy & credit loss−$6k
Operating expenses−$9k
NOI · 3.37% cap applied$51k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
3.37%
$51k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionGRAYSON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.3
Restaurant13.1
Dental Office12.8

Location

920 Heritage Pkwy Sherman, TX 75092
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 6 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2515 Lamberth, Sherman, TX 75092-5006 $220,720 Mar 2024 5,397 SF
1504 Houston, Sherman, TX 75092-7402 $330,000 Aug 2023 2,170 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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