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    5051 Loy Lk Rd Terrell Rd Sherman, TX 75090

    For Sale
    $5,200,000

    Unimproved Land - Sherman, TX

    Type:Unimproved Land
    Lot size:
    40.00 Acres
    Days on Market:
    653
    Last Refresh:
    Dec 12 at 4:06 am

    Property Features for 5051 Loy Lk Rd Terrell Rd

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    259492
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    40.00 Acres

    Building Details

    Architectural style
    Other

    Beam Real Estate LLC (972) 484-6644 [email protected]

    Listing agent Jaya Bathina (972) 484-6644 License #0784787

    Listing date Feb 29, 2024

    MLS# 20252884 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

    Sherman, TX Unimproved Land Opportunity

    This 40-acre parcel of unimproved land in Sherman, TX, presents an excellent development opportunity. Situated less than 0.5 miles from HWY 75 and 1.4 miles from Texoma Medical Center, the property is located within the Sherman city limits and in an opportunity zone. The land is currently ag exempt and used to grow Bermuda hay. Zoned SF-1, the property allows for a minimum lot size of 6000 square feet, with the potential for development into one-acre lots. The terrain features a rolling landscape with a pond and creek running through scattered woods, offering views from the hilltop. A new survey less than one year old is available, and an ESA phase 1 assessment is complete. The property is not located in a flood plain. Buyers will be responsible for rollback taxes if the current agricultural use is changed and should independently confirm the availability of sewage and water utilities at the site.
    Location Intelligence

    Current Use by Public Records

    Opportunity zone commercial ...

    Map

    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.60250288
    Latitude
    33.70117011

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    FAQs

    What type of property is this?
    Land - 40 acres of land near HWY 75 in Sherman, TX.
    Where is this land located?
    The property is located at 5051 Loy Lk Rd Terrell Rd Sherman, TX.
    What is the asking price?
    The asking price for this property is $5,200,000.
    What are key features of this property?
    This property features: - Excellent development opportunity within Sherman city limits and in an opportunity zone.; - Zoned SF-1 with potential for 6,000 sq ft minimum lot sizes or one-acre lots.; - Less than 0.5 miles from HWY 75 and 1.4 miles from Texoma Medical Center.
    (972) 484-6644
    Request Owner's contact information
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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
    5051 Loy Lk Rd Terrell Rd Sherman, TX 75090
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