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    11086 State Highway 56 Sherman, TX 75090

    For Sale
    $10,738,700

    Unimproved Land - Sherman, TX

    Type:Unimproved Land
    Lot size:
    107.39 Acres
    Days on Market:
    75
    Last Refresh:
    Dec 14 at 1:06 am

    Property Features for 11086 State Highway 56

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    122241
    Lot size
    107.39 Acres

    Building Details

    Architectural style
    Other

    Berkshire Hathaway HomeServices PenFed Realty Texas (214) 901-7993 [email protected]

    Listing agent Zexi Su (214) 901-7993 License #0791424

    Listing date Oct 1, 2025

    MLS# 20749819 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

    107 Acres Near Sherman City

    This is a 107-acre Ag Exempt property featuring approximately 1,500 feet of frontage on Highway 56, situated just outside Sherman city limits. The land is suitable for development or investment. Sherman is experiencing rapid expansion and attracting substantial new investments, including projects such as the Texas Instruments semiconductor plant. The property is located less than one mile from the city limits and within a 10-minute drive to Austin College and Sherman Town Center, providing access and visibility. The ongoing industrial corridor development in South Sherman positions this property to benefit from the city's growth. It is located at 11086 State Highway 56, Sherman, TX 75090.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Hotel & Motel Kitchen & Bath Storage Facility Plumbing Service Catering Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.559146
    Latitude
    33.63401

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    FAQs

    What type of property is this?
    Land - 107-acre Ag Exempt property ideal for development or investment.
    Where is this land located?
    The property is located at 11086 State Highway 56 Sherman, TX.
    What is the asking price?
    The asking price for this property is $10,738,700.
    What are key features of this property?
    This property features: - 107-acre Ag Exempt property ideal for development or investment.; - Benefit from ~1,500 ft of frontage on Highway 56, offering exceptional access and visibility.; - Located just outside Sherman city limits, benefiting from the city's rapid expansion and billions in new investments.
    (214) 901-7993
    Request Owner's contact information
    11086 State Highway 56 Sherman, TX 75090
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    Sherman, TX 75090
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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
    11086 State Highway 56 Sherman, TX 75090
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