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$2,500,000

115 S Travis Street, Sherman, TX, 75090

On MarketInfo
CommercialInfo
Baths0 Bath
BusinessBusiness
Year BuiltBuilt in 1870

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringConcrete

Exterior

Lot Size15,002 sqft

Building Information

Year Built2017

Land Information

APNS034 2181058 02
Lot Number4-5,100
SubdivisionOtp Sherman
Land UseCommercial Real Property
Legal DescriptionOTP SHERMAN, BLOCK 5, LOT 4 & 5, 100X150 15000 SF, ACRES .3444 100X150 15000 SF
Census Tract002000
Assessed Land Value$159,600
Assessed Improvement Value$1,377,886
Assessment Year2025

About this property

Step into the past with this iconic Kelly Square and it's expansive views of Downtown Sherman, just across from the Grayson County Courthouse. Built in 1870, this is a canvas awaiting your vision, having been taken down to the studs and primed for a complete remodel. Original features abound, including metal tile ceilings that echo the building's storied history. Spanning three floors, with an elevator, the possibilities for this space are endless. The 1st floor is ideal for retail, offering lease opportunities that could thrive in this prime location. The 2nd floor could house a restaurant and piano bar. The 3rd floor has the potential for lofts and offices. Lots of parking behind the building. Dream big, as the city may extend its support through grants for certain upgrades, adding an extra layer of opportunity to your venture. Seize the chance to revive and reimagine this historic gem. Embrace the charm, the history, and make your mark in the heart of Sherman's downtown!

Investor Tools

$0Estimated Mortgage Balance
$947,964Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$15,000 /month
Positive
Cash Flow Estimate:
$5,000 /month

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Easy Life Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$953/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,698
$947,964
2025
$159,600
$1,377,886
$1,537,486
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,698
$947,964

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$947,964
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Sherman

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115 S Travis Street | Property Details | No Agent List