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Days494Days on Market
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$1,750,000

320 N Travis St, Sherman, TX, 75090

On MarketInfo
CommercialInfo
Baths8,976 Sq Ft
BusinessBusiness
price_per_sqft$194.96 / sqft
Year BuiltBuilt in 1980

Highlights

Interior

FlooringCarpet, Tile

Exterior

Lot Size9,365 sqft

Building Information

Year Built1980

Land Information

APNS034 2215038
Lot Number4
SubdivisionShannon T J Supplement
Land UseCommercial
Legal DescriptionSHANNON T J SUPPLEMENT, BLOCK B, LOT 4, PT 3 & 8, 65X140 & 18X18 9424 SF, ACRES .2150 65X140 & 18X18 9424 SF
Census Tract002000
Assessed Land Value$114,539
Assessed Improvement Value$1,059,732
Assessment Year2025

About this property

Located in the heart of historic downtown Sherman, this captivating commercial building offers an ideal blend of vintage charm and modern functionality. Boasting 17 office spaces, with half currently leased, the building provides an excellent opportunity for tenants seeking a prime location. Built in 1946 and thoughtfully renovated in 2019, this three-story gem spans 8,976 SF and is flooded with natural light, creating a welcoming environment for productivity. Designed with both comfort and efficiency in mind, the property features 24-hour access, a grand atrium, a fully-equipped conferencing facility, a security system, and central heating. Additional amenities include 22 surface parking spaces, along with covered parking options, ensuring convenience for both tenants and visitors. With its central downtown location, this property presents an exceptional opportunity for businesses looking to thrive in a vibrant, historic setting while enjoying modern amenities.

Investor Tools

Property Icon
$1,174,271
Estimated Property Value
$550,000Estimated Mortgage Balance
$539,295Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,500 /month
Positive
Cash Flow Estimate:
$3,500 /month

Interested in this property?

Stacey Davidson

Keller Williams Realty DPR

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,636/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$25,755
$1,174,271
2025
$114,539
$1,059,732
$1,174,271
No

Tax History

Year
Tax Paid
Assessed Value
2024
$25,755
$1,174,271

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
320 Professional Building Inc
Purchase Money Mortgage
$550,000
No
First
Feb 17, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$634,976
$539,295
45%
54%
$4,048/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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320 N Travis St | Property Details | No Agent List