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$500,000

$424,900

4020 Texoma Pkwy, Sherman, TX, 75090

$606,274 ARVInfo
On MarketInfo
CommercialInfo
Price DropInfo
Beds Beds
Baths Bath
Baths2,400 Sq Ft
OfficeOffice
Year BuiltBuilt in 1980

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringCarpet, Tile

Exterior

Lot Size16,553 sqft

Building Information

Year Built1980

Land Information

APNS005 096901702
SubdivisionPatterson W F A-G0969
Land UseCommercial
Legal DescriptionG-0969 PATTERSON W F A-G0969, ACRES 0.38
Census Tract000903
Assessed Land Value$55,453
Assessed Improvement Value$306,390
Assessment Year2025

About this property

PRIME COMMERCIAL PROPERTY! FRONTAGE ON TEXOMA PARKWAY! TURNKEY MEDICAL OFFICE BUILDING WITH 2.1 ACRES OF LAND FOR EXPANSION! BELOW MARKET PRICING FOR A QUICK SALE! Sherman, Texas, is experiencing rapid growth driven by major industrial projects such as Texas Instruments ($30B investment, 3,000 jobs) and Global Wafers ($5B investment, 1,500 jobs). The surge in development is creating strong demand for retail, entertainment, health care services, and housing. The City of Sherman is focusing on balancing rapid growth with infrastructure to ensure development is supported by adequate services. Strategic Location – 40 miles north of DFW Metroplex, with direct access to U.S. Highway 75, I-35, and major rail networks. Business-Friendly Climate – No corporate or personal income tax, local tax abatements, and customized incentive packages encourage business. The area offers a skilled labor force supported by Grayson College’s health care and nursing programs and Austin College’s STEM and business programs. Lower Cost of Doing Business – Affordable land, utilities, and workforce compared to Dallas-Fort Worth and other major metros. This office building has been home to a successful medical practice since 1980. The property presents an excellent investment opportunity to purchase now and grow equity as the area continues to expand. With an eye-catching glass facade and sturdy stucco exterior, the building is ideal for a variety of business ventures. The 1.73 acres adjacent to the property is included, however, the office and land can be purchased separately. This is an ideal buy and hold investment opportunity with an instant rental income stream. The existing owner desires to remain in the building as a lease tenant. Medical office with .38 acres and the adjacent land parcel with 1.73 acres can be purchased separately. Don't miss this opportunity to invest in booming Sherman, TX!

Investor Tools

$0Estimated Mortgage Balance
$361,843Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$606,273
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

Interested in this property?

Victoria Woodard

HBL, Realtors

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$812/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,936
$361,843
2025
$55,453
$306,390
$361,843
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,936
$361,843

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$361,843
100%
0%
$0/mo

City: Sherman

4020 Texoma Pkwy | Property Details | No Agent List