Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3243 Harrell Rd Howe, TX 75459

    Sponsored
    For Sale
    $2,560,000

    63.8 Acres Near Texas Instruments

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 63.8-acre property in Howe, TX, presents a remarkable investment opportunity. Located less than five miles from US Highway 75 and the thriving tech corridor, it benefits from the proximity to major employers like Texas Instruments and Globitech, who have recently announced significant investments totaling over $34 billion, creating thousands of jobs. The land is situated within Sherman's ETJ, served by the Howe School District, and features over 1500 feet of road frontage. Infrastructure is in place, including a 6-inch water pipeline (Luella SUD) with capacity approved for 37 lots and electricity provided by GCEC. A comprehensive due diligence package is available, including a survey, Phase 1 environmental study, legal description, and topographic information. The property's diverse features, including a one-acre pond, rolling hills, and open meadows, offer a variety of development possibilities, from residential subdivisions to high-end RV parks. Seller financing may be considered with a 50% down payment. The asking price is $2,560,000 ($40,125/acre). Buyer to verify all information.

    Property Features for 3243 Harrell Rd

    General Information

    Property type
    Land
    Lot Size
    2,779,128 SF

    HighLights

    • Prime Sherman, TX location, <5 miles to US Hwy 75 & tech corridor (TI, Globitech, Coherent; $34B in recent plant investments creating 5000+ jobs).
    • Situated in Sherman ETJ with Howe ISD.
    • Luella SUD water service (6" line at road, capacity approved for 37 lots).
    • GCEC electricity.
    • Over 1500 ft of road frontage.
    • Survey, Phase I ESA, legal description & topography available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Pawn Shop Bakery Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Howe
    County
    Grayson
    State
    Texas
    Longitude
    -96.567115338586
    Latitude
    33.56208989581

    Nearby Comparable

    • $2,190,000
      63.86 Acres

      63.86 Acres of Unimproved Land

      63.86+- acres located at 3243 Harrell Road in Howe, TX.
      3243 Harrell Rd, Howe, TX 75459
      View Details
    • Contact for pricing

      Land For Sale Sherman, TX

      Land available for sale at 1418 Akers Road, Sherman, TX.
      1418 Akers Rd, Sherman, TX 75090
      View Details
    • Contact for pricing
      53.00 Acres

      Bennett Rd

      Farms • 53.00 Acres
      0 Bennett Rd, Howe, TX 75459
      View Details
    • $995,000
      68.00 Acres

      68 Acres of Sherman Land

      Unimproved land suitable for a private ranch or estate.
      Tbd Luella Rd, Sherman, TX 75090
      View Details
    • $612,500

      Modern Barndominium on Manicured Acres

      Modern barndominium on 5 acres in Howe, Texas.
      1187 Harrell Rd, Howe, TX 75459
      View Details
    • $1,277,550
      56.78 Acres

      Sherman, TX Unimproved Land

      56 acre tract with elevation changes and water meter.
      00 Hall Rd, Sherman, TX 75090
      View Details

    Nearby Similar for Sale

    • $6,250,000
      3.43 Acres

      Renovated Industrial Warehouse with Acreage

      Renovated industrial warehouse with fenced storage and acreage available.
      1800 N Collins Fwy, Howe, TX 75459
      View Details
    • $612,500

      Modern Barndominium on Manicured Acres

      Modern barndominium on 5 acres in Howe, Texas.
      1187 Harrell Rd, Howe, TX 75459
      View Details
    • $15,500,000
      21.86 Acres

      Howe Industrial Warehouse - $15.5M

      Massive industrial space, prime location, expansion potential.
      1800 Collins Fwy, Howe, TX 75459
      View Details

    FAQs

    What type of property is this?
    Land - 63.8 Acres Near Texas Instruments
    Where is this land located?
    The property is located at 3243 Harrell Rd Howe, TX.
    What is the asking price?
    The asking price for this property is $2,560,000.
    What are key features of this property?
    This property features: Prime Sherman, TX location, <5 miles to US Hwy 75 & tech corridor (TI, Globitech, Coherent; $34B in recent plant investments creating 5000+ jobs).; Situated in Sherman ETJ with Howe ISD.; Luella SUD water service (6" line at road, capacity approved for 37 lots).
    Request Owner's contact information
    3243 Harrell Rd Howe, TX 75459
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3243 Harrell Rd
    Howe, TX 75459
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3243 Harrell Rd Howe, TX 75459
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.