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$468,595

NAL Estimated Property Value

5116 Texoma Pkwy, Sherman, TX, 75090

Off MarketInfo
CommercialInfo
Baths3,300 Sq Ft
price_per_sqft$303 / sqft
Year BuiltBuilt in 1968

Highlights

Interior

FlooringConcrete

Exterior

Lot Size31,363 sqft

Building Information

Year Built1968

Land Information

APNS002 2757001
Lot Number1
SubdivisionAlvarez Addition
Land UseCommercial Real Property
Legal DescriptionALVAREZ ADDITION, LOT 1, ACRES .72
Census Tract000903
Assessed Land Value$108,391
Assessed Improvement Value$418,876
Assessment Year2025

About this property

Versatile Commercial Building – Ideal Event Venue or Multi-Use Space This fully remodeled and updated commercial building is currently operating as an events venue and offers exceptional flexibility for a variety of uses. The spacious 44' x 60' main room provides a large open layout, perfect for gatherings, retail displays, office workspaces, or warehouse needs. A 14' x 14' food prep or staging room adds convenience for events or future business operations. The building includes two restrooms, with the women's restroom featuring a 7' x 14' private dressing room—ideal for weddings, performances, or bridal parties. Also includes a private outside lighed lawn area great for fair weather receptions or events. Situated in a prime central location with excellent visibility and a high traffic count, this property presents a rare opportunity for a wide range of business possibilities. Buyer and buyer's agent to verify sq ft and permitted uses and zoning with the city.

Investor Tools

Property Icon
$468,595
Estimated Property Value
$333,918Estimated Mortgage Balance
$134,677Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,999 /month
Positive
Cash Flow Estimate:
$2,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$842/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,762
$468,595
2025
$108,391
$418,876
$527,267
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,762
$468,595

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Purchase Money Mortgage
$178,500
No
First
Jul 28, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$333,918
$134,677
28%
71%
$2,181/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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5116 Texoma Pkwy | Property Details | No Agent List