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$2,695,000

2121 N Fm 1417, Sherman, TX, 75092

Under ContractInfo
CommercialInfo
Baths0 Bath
Baths18,885 Sq Ft
price_per_sqft$142.71 / sqft
Year BuiltBuilt in 1983

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringConcrete, Other

Building Information

Year Built2006

Land Information

APNS015 226300501C001
Lot Number3,AC
SubdivisionWestern Hills Addn Sec 5
Land UseCommercial
Legal DescriptionWESTERN HILLS ADDN SEC 5, BLOCK PT 4, LOT AC 3.56, (COMM IMPR ONLY - LEASEHOLD IMPR) (COMM IMPR ONLY - LEASEHOLD IMPR)
Census Tract001200
Assessed Improvement Value$123,233
Assessment Year2025

About this property

This multi-tenant retail property is located at hot location in Sherman, Texas. The property features 18,885 square feet of building space on 3.559 acres of land, with additional buildable land available behind the existing building. The property is currently occupied by a diverse mix of tenants including massage, bookkeeping, gas station, gold and silver shop, donut shop, pizza shops, and ice cream shop. The property is commercially zoned and allows for professional offices, salon suites, recreational facilities, gym, retail shops (except smoking or vape shops), shopping, cafe, restaurants, and other businesses. The property is anchored by Casey's General Stores convenience store and gas station, providing strong traffic and visibility. With a current pro-forma NOI potential of $265,226, this property offers significant value-add opportunity through leasing the vacant spaces. The property is diagonally located near Walmart Neighborhood Market, providing excellent co-tenancy and traffic generation.

Investor Tools

$0Estimated Mortgage Balance
$123,233Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$16,170 /month
Positive
Cash Flow Estimate:
$5,390 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$283/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,775
$123,233
2025
N/A
$123,233
$123,233
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,775
$123,233

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$123,233
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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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2121 N Fm 1417 | Property Details | No Agent List