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    Tbd Fm 697 Sherman, TX 75090

    For Sale
    $18,900,000

    Unimproved Land - Sherman, TX

    Type:Unimproved Land
    Lot size:
    606.50 Acres
    Days on Market:
    123
    Last Refresh:
    Dec 13 at 11:06 pm

    Property Features for Tbd Fm 697

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    125926
    Lot size
    606.50 Acres

    Building Details

    Architectural style
    Other

    Bertholf Commercial Real Estate (903) 267-1573

    Listing agent Terrin Bertholf (903) 267-1573 License #0649544

    Listing date Aug 14, 2025

    MLS# 20700615 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

    606.5 Acres in Sherman, TX

    This is a rare opportunity to own 606.5 acres in Sherman, TX, situated within 5 miles of US Hwy 75, Hwy 82, and downtown Sherman. The site features approximately 11,000 feet of road frontage and borders three roads: FM 697 on two sides, JP Cave Rd, and Independence Springs. The topography is gently sloping across most of the property, with some floodplain located on the southern border. The land is located in Sherman ISD and is partially in Sherman's ETJ and partially in the County. There are minimal easements on the property, which is agriculturally assessed. The land is partially in Pink Hill water CCN and partially in Sherman's water CCN and fully in Sherman's sewer CCN. Water and sewer are roughly 2 miles to the west.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.53784903
    Latitude
    33.61289402

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    FAQs

    What type of property is this?
    Land - 606.5 acres of land with road frontage in Sherman, TX.
    Where is this land located?
    The property is located at Tbd Fm 697 Sherman, TX.
    What is the asking price?
    The asking price for this property is $18,900,000.
    What are key features of this property?
    This property features: - Large acreage: 606.5 acres provides ample space for various uses.; - Prime location: Situated in Sherman, TX, within 5 miles of major highways (US Hwy 75, Hwy 82) and downtown Sherman.; - Extensive road frontage: Approximately 11,000 ft of road frontage on three roads (FM 697, JP Cave Rd, Independence Springs).
    (903) 267-1573
    Request Owner's contact information
    Tbd Fm 697 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
    Tbd Fm 697 Sherman, TX 75090
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