Last 24 Hours
$208,754
NAL Estimated Property Value2600 N Travis Street N, Sherman, TX, 75092
Off Market
Commercial
— Beds
— Bath
364 Sq Ft
$480.77 / sqft
Built in 1980Highlights
Interior
Bedrooms —
Bathrooms —
Garage AvailableFlooringCeramic Tile
Exterior
Lot Size17,250 sqft
Building Information
Year Built1980
Garage Spaces2
Land Information
APNS017 241900101
Lot Number7,17
SubdivisionLambert Business Park
Land UseCommercial
Legal DescriptionLAMBERT BUSINESS PARK, BLOCK 1, LOT 7, 17,250 SQ FT, ACRES .396 17,250 SQ FT
Census Tract001200
Assessed Land Value$195,138
Assessed Improvement Value$13,616
Assessment Year2025
About this property
Formerly Eddie Macs Burgers, including equipment. All kitchen equipment to stay. Heavy duty grease trap installed under parking lot recently. Hard Corner of N Travis Street and Lamberth Road with curb cut on Lamberth and N Travis. Ideal for food services and other uses.
Investor Tools
$208,754
Estimated Property Value
$150,390Estimated Mortgage Balance
$58,364Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,253 /month
Positive
Cash Flow Estimate:
$418 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$469/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,579
$208,754
2025
$195,138
$13,616
$208,754
Yes (2023)
Tax History
Year
Tax Paid
Assessed Value
2024
$4,579
$208,754
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Luke P Scheibmeir
Seller Carryback / Seller Financing / Seller Take-Back
$165,000
No
First
Sep 1, 2021
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$150,390
$58,364
27%
72%
$990/mo
12.4%