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$371,757

NAL Estimated Property Value

315 W Mulberry St, Sherman, TX, 75090

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths4,280 Sq Ft
OfficeOffice
Year BuiltBuilt in 1955

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringCarpet, Concrete, Tile

Exterior

Lot Size6,447 sqft

Building Information

Year Built1955

Land Information

APNS034 0763673
SubdivisionMcanair J B
Land UseCommercial
Legal DescriptionG-0763 MCANAIR J B, ACRES .148
Census Tract002000
Assessed Land Value$50,801
Assessed Improvement Value$320,956
Assessment Year2025

About this property

Centrally located Commercial Office Space in downtown Sherman. Walking distance to Sherman City Hall, across the street from Bearcat Stadium, the Municipal Building, Kidd Key Auditorium, and right next door to Finley Playhouse. 4,280 sq ft with three front entrances. 3 HVAC systems. 2 bathrooms. Zoned C-1. Located in the Downtown Business overlay district and reinvestment zone #4.

Investor Tools

Property Icon
$371,757
Estimated Property Value
$0Estimated Mortgage Balance
$371,757Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,231 /month
Positive
Cash Flow Estimate:
$744 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$834/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,154
$371,757
2025
$50,801
$320,956
$371,757
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,154
$371,757

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$371,757
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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315 W Mulberry St | Property Details | No Agent List