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    E Peyton St Sherman, TX 75090

    For Sale
    $2,995,000

    Unimproved Land - Sherman, TX

    Type:Unimproved Land
    Lot size:
    15.13 Acres
    Days on Market:
    135
    Last Refresh:
    Dec 12 at 2:06 am

    Property Features for E Peyton St

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    156667
    Lot size
    15.13 Acres

    Building Details

    Architectural style
    Other

    Ready Real Estate, LLC (866) 557-3239 [email protected]

    Listing agent Brian Abadie (817) 569-8200 License #0750197

    Listing date Jul 31, 2025

    MLS# 20999758 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 Development Opportunity Zone

    This 15.125-acre development site in Sherman, TX, is located within an Opportunity Zone. Zoned MF-30, it is fully approved by the City for a 300-unit multifamily community. This shovel-ready property consists of four contiguous parcels with all utilities available. The site is suitable for high-density multifamily, build-to-rent (BTR), townhomes, or duplexes, and could also serve as an affordable housing site. The topography is mostly flat and features mature trees for privacy. A narrow floodplain separates the site, making it suitable for blending multiple product types or developing a unified large-scale complex. Available reports include a survey, Topo, Phase I Environmental reports, and a conceptual engineering MF and Townhome Site Plan. Located a half mile from US-75 and US-82, the site offers access, visibility, and long-term growth potential. The property is Ag Exempt.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.60156513
    Latitude
    33.66217921

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    FAQs

    What type of property is this?
    Residential land & home lot - 15.125 acre development site approved for 300-unit multifamily community.
    Where is this residential land & home lot located?
    The property is located at E Peyton St Sherman, TX.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: - Shovel-ready 15.125 acre development site fully approved for a 300-unit multifamily community.; - Located within an Opportunity Zone in Sherman, TX.; - Zoned MF-30 and ideal for high-density multifamily, build-to-rent, townhomes, or duplexes.
    (817) 569-8200
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    E Peyton St 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
    E Peyton St Sherman, TX 75090
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