Last 24 Hours
$1,603,612
NAL Estimated Property Value215 W Park Avenue, Sherman, TX, 75090
Off Market
Commercial
— Beds
— Bath
69,544 Sq Ft
$17.26 / sqft
Built in 1984Highlights
Interior
Bedrooms —
Bathrooms —FlooringConcrete
Exterior
Exterior FeaturesStorage
Lot Size2.95 acres
Building Information
Year Built2000
Land Information
APNS052 2222008
SubdivisionSouthside Addn (Replat)
Land UseIndustrial
Legal DescriptionSOUTHSIDE ADDN (REPLAT), 128,502 SQ FT, ACRES 2.95 128,502 SQ FT
Census Tract001700
Assessed Land Value$453,612
Assessed Improvement Value$1,150,000
Assessment Year2025
About this property
Fenced employee parking lot with city street on 3 sides of building. Original tilt up construction of 39,000 SF has 24' sidewalls and is air conditioned. Joining 30,000 SF metal insulated warehouse has 20' sidewalls and is heated. 6 offices, reception and conference room. Sprinkler system and perimeter fencing. Dock high and grade level doors. Ideal small industrial complex with excellent location.
Investor Tools
$1,603,612
Estimated Property Value
$803,917Estimated Mortgage Balance
$799,695Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,622 /month
Positive
Cash Flow Estimate:
$3,207 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,300/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$31,583
$1,603,612
2025
$453,612
$1,150,000
$1,603,612
No
Tax History
Year
Tax Paid
Assessed Value
2024
$31,583
$1,603,612
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Commercial
$924,012
No
First
Oct 28, 2019
Nov 2029
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$803,917
$799,695
49%
50%
$5,540/mo
12.4%