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    00 W Travis St Sherman, TX 75092

    For Sale
    $4,500,000

    Unimproved Land - Sherman, TX

    Type:Unimproved Land
    Lot size:
    10.16 Acres
    Days on Market:
    53
    Last Refresh:
    Dec 15 at 9:06 am

    Property Features for 00 W Travis St

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    388889
    Lot size
    10.16 Acres

    Building Details

    Architectural style
    Other

    Vanguard Real Estsate Advisors (214) 556-1951

    Listing agent Jordan Cortez (214) 556-1951 License #0494942

    Listing date Oct 24, 2025

    MLS# 21096103 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Development Site in Sherman

    This 10.16-acre site, zoned for multifamily development, is located along West Travis Street in Sherman, TX. The property allows for a density of 30 units per acre, accommodating up to 304 units. The site is accessible via West Travis Street, situated less than half a mile west of US-75. The location benefits from the presence of multiple national retailers, including Starbucks, McDonald’s, and Whataburger. A future HEB store has been announced and will be located directly across the street from the site, enhancing the area's appeal.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.6169163
    Latitude
    33.60340844

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    FAQs

    What type of property is this?
    Land - 10.16-acre multifamily development site in Sherman, TX, near US-75.
    Where is this land located?
    The property is located at 00 W Travis St Sherman, TX.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: - Price Reduced by $400,000.; - Zoned for multifamily development with a density of 30 units per acre, allowing up to 304 units.; - 10.16+- acre development site.
    (214) 556-1951
    Request Owner's contact information
    00 W Travis St Sherman, TX 75092
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    Sherman, TX 75092
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    00 W Travis St Sherman, TX 75092
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