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    Ag-Exempt Land with Commercial Building Title is generated by Realmo AI

    28400 W Us Highway 82, Sherman, TX 75092

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    For Sale
    $1,595,000

    18 acres with commercial building and pond in Sherman, TX.

    Type:Commercial
    Property size:
    8,582 SF
    Lot size:
    18.00 Acres
    Price / SF:
    $185/SF
    Added:
    Apr 22, 2026
    Days on Market:
    52
    Last Refresh:
    Apr 22 at 5:22 pm

    Property Features for 28400 W Us Highway 82

    General Information

    Standard status
    Active
    Size
    8,582 SF
    Lot size
    18.00 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2020

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    Listing Contact
    Jeremy Lock

    Listing agent Jeremy Lock

    Listing office Keller Williams Prosper Celina

    Listing date Apr 22, 2026

    Source Signaturere

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Prosper Celina

    HighLights

    • Ag‑exempt 18‑acre land with extensive frontage on Hwy 82.
    • Newly constructed commercial building with pier slab foundation.
    • Multiple office spaces, kitchen, and dining area ready for occupancy.
    • Gorgeous pond adding charm and recreational value.
    • Incredible central location minutes from Sherman, TX.
    • Built in 2020.

    Overview

    This property features just under 18 acres of Ag-exempt land with frontage on Hwy 82 in Sherman, Texas. It includes a newly constructed commercial building with a pier slab foundation, suitable for various business uses. The building offers multiple office spaces, a kitchen, a dining area, and a garage ready for occupancy. A pond enhances the property's aesthetic appeal and offers potential for recreational use. The property is located minutes from Sherman, TX, providing convenience while maintaining space and privacy. This property offers potential for business ventures, expansion, or development opportunities.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $263.6k $30.72
    − Vacancy −$72.2k −$8.42
    EGI $191.4k $22.30
    − OpEx −$47.9k −$5.58
    NOI $143.6k $16.73
    8,582 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.05M
    $1.79M – $2.39M (±1% cap)
    NOI $143,551 @ 7.0% cap · market cap 9.00%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Hotel Hospitality
    $4.40M
    $3.85M – $5.14M (±1% cap)
    NOI $308,180 @ 7.0% cap · market cap 19.32%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Hair Salon Nail Salon Storage Facility Grocery & Convenience Store Clothing & Fashion Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.842106
    Latitude
    33.671134

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 18 acres with commercial building and pond in Sherman, TX.
    Where is this agricultural land / farmland located?
    The property is located at 28400 W Us Highway 82 Sherman, TX.
    What is the asking price?
    The asking price for this property is $1,595,000.
    What are key features of this property?
    This property features: Ag‑exempt 18‑acre land with extensive frontage on Hwy 82.; Newly constructed commercial building with pier slab foundation.; Multiple office spaces, kitchen, and dining area ready for occupancy.
    More about this property
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