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    620 Graham Dr Sherman, TX 75092

    For Sale
    $800,000

    6.99 Acres, US-75 Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional 6.99-acre commercial lot presents a unique investment opportunity in Sherman, Texas. Strategically located behind Sherman Town Center and directly adjacent to a new 340-unit apartment complex currently under construction, this property offers unparalleled visibility and access to a growing residential population. The site boasts a gentle slope, eliminating any flood concerns, and is conveniently zoned C-1 commercial, ensuring a wide range of development possibilities. All utilities are readily available, simplifying the development process. While a vertical oil well is situated on the northern portion of the property (approximately 0.8 acres), this existing feature does not impede development on the remaining 5.2 net acres. The property's deed restrictions prohibit multi-family development, making it ideal for a variety of commercial uses, including storage facilities, flex spaces, or industrial outdoor storage (IOS). Given its prime location, convenient access to US-75, and the absence of floodplains, this property represents a compelling investment opportunity for developers seeking a high-visibility site in a thriving Texas market. The property is priced at $800,000. The address is 620 Graham Drive, Sherman, TX.

    Property Features for 620 Graham Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    304,484 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Dental Office Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.61098
    Latitude
    33.6844

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    FAQs

    What type of property is this?
    Commercial real estate - 6.99 Acres, US-75 Visibility
    Where is this commercial real estate located?
    The property is located at 620 Graham Dr Sherman, TX.
    What is the asking price?
    The asking price for this property is $800,000.
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    620 Graham Dr Sherman, TX 75092
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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
    620 Graham Dr Sherman, TX 75092
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