Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1092 W Sherman Drive Aubrey, TX 76227

    View on Map
    Claim this Listing
    For Sale
    $2,350,000

    Unimproved Land - Aubrey, TX

    Type:Unimproved Land
    Lot size:
    12.23 Acres
    Added:
    Oct 1, 2025
    Days on Market:
    220
    Last Refresh:
    May 8 at 1:06 pm

    Property Features for 1092 W Sherman Drive

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R153519
    Lot size
    12.23 Acres

    Building Details

    Year built
    1999
    Architectural style
    Other

    We can help!

    Listing Contact
    Christian Gregory

    Listing agent Christian Gregory License #0686186

    Listing office EXP REALTY 5605 N MacArthur Blvd., Austin, TX

    Listing date Oct 1, 2025

    MLS# 21074845 Listing URL

    Copyright © 2026 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.

    HighLights

    • 12 Acres of Land For Sale
    • Located in Aubrey, TX
    • Outside City Limits (ETJ)
    • Built in 1999
    • Coordinates: [-96.99948,33.30687]

    Overview

    12 Acres ETJ Land, Aubrey

    This property features 12.23 acres of unimproved land located in Aubrey, Texas. Situated within the ETJ, the land is available for sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Hair Salon Auto Repair Shop Auto Parts Store Hotel & Motel Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Aubrey
    County
    Denton
    State
    Texas
    Longitude
    -96.99948
    Latitude
    33.30687

    Nearby Similar for Sale

    • $599,999

      Aubrey Land Development Opportunity

      2+ acre parcel in fast-growing Aubrey corridor.
      6250 Mcnatt Road, Aubrey, TX 76227
      View Details
    • $480,000

      New Retail Building on Highway

      New retail suites available for sale on busy Highway 377.
      501 Pine Ridge Drive, Aubrey, TX 76227
      View Details
    • $1,600,000

      Prime Investment Land in Aubrey, TX

      5.675-acre tract along Denton-Collin County Outer Loop alignment.
      11698 Fm 428, Aubrey, TX 76227
      View Details
    • $1,000,000

      Versatile Property with Multiple Living Units

      Property featuring three separate living structures, ideal for investment.
      4768 Pebble Creek Drive, Aubrey, TX 76227
      View Details
    • $419,816

      Commercial Pad Ready For Development

      Commercial pad with utilities available in a high-traffic retail corridor.
      0.652 Ac PINE RIDGE Lane, Aubrey, TX 76227
      View Details
    • $5,900,000
      9,044 SF

      Luxury Estate in Horse Country

      A 42-acre estate with luxury home and equestrian facilities.
      1950 W Sherman Drive, Aubrey, TX 76227
      View Details
    • $1,850,000

      Unrestricted Land on Major Thoroughfare

      Rare unrestricted land ideal for industrial or retail use.
      Tbd-lot 4 Stewart Rd, Aubrey, TX 76227
      View Details
    • $3,900,000

      Prime Investment Land in Aubrey, TX

      17.858-acre investment tract along the Denton-Collin County Outer Loop.
      11806 Fm 428, Aubrey, TX 76227
      View Details
    • $427,400

      Land Near Lake Ray Roberts

      4.6 acre tract suitable for various development projects.
      9520 Fm 2153, Aubrey, TX 76227
      View Details
    • $1,950,000

      Prime Commercial Land in Aubrey, TX

      10 acres with high visibility, ideal for commercial development.
      1937 Spring Hill Road, Aubrey, TX 76227
      View Details
    • $2,100,000
      5,625 SF

      Aubrey Estate with Morton Barn

      15-acre estate featuring a 5,625 sq ft country home.
      6068 NORTHVIEW Court, Aubrey, TX 76227
      View Details
    • $5,400,000

      Aubrey, TX Commercial Development Opportunity

      7.22 acres in fast-growing Aubrey corridor, ideal for development.
      1711 FM 1385, Aubrey, TX 76227
      View Details

    FAQs

    What type of property is this?
    Land - 12.23 acres of unimproved land for sale in Aubrey, TX.
    Where is this land located?
    The property is located at 1092 W Sherman Drive Aubrey, TX.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: 12 Acres of Land For Sale; Located in Aubrey, TX; Outside City Limits (ETJ)
    (888) 519-7431
    We can help!
    Listing Contact
    Christian Gregory
    Real Estate License ID: 0686186
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1092 W Sherman Drive, Aubrey, TX 76227
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!