Prime Sherman, TX commercial development opportunity.
Description
Added:
Dec 11, 2024
Days on Market:
409
Exceptional commercial land opportunity in Sherman, Texas, ideally situated on Interstate Highway 75, a major North-South artery spanning over 1,700 miles. This highly visible 530-acre mixed-use development presents unparalleled potential for a diverse range of commercial ventures. The site is zoned for commercial use and offers a unique chance to capitalize on the significant growth fueled by Texas Instruments' expansion. This expansion will add 3,200 jobs, averaging $70,000 annually, with Phase 1 creating 1,500 jobs by 2025. This influx of high-paying jobs will significantly boost the local economy and create a robust consumer base for your business. The development's strategic location draws customers from a wide radius, extending 25 miles north to Durant, Oklahoma, and 15 miles south to Anna, Texas, as evidenced by a city study using Esri business analyst data. Furthermore, Sherman is experiencing a residential construction boom, with over 55 new projects underway, adding 11,386 single-family lots and 16,529 multi-family units. This surge in residential development further underscores the exceptional growth potential and strong demand for commercial services in the area. Suitable for a wide array of uses including grocery, fuel/convenience stores, fast food and sit-down restaurants, hotels, daycare centers, fitness facilities, medical offices, entertainment venues, automotive businesses, big box retailers, and auto dealerships. This is a rare opportunity to establish a thriving business in a rapidly expanding market. Located in Grayson County, Texas, zip code 75092, on Shepherd Rd.
Property Features for 0 Shepherd Rd
General Information
Property type
Land
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Listing Contact
John Zikos
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HighLights
530‑acre mixed‑use development encompassing commercial, single‑family, senior living, and multi‑family components.
Anchored by Texas Instruments (TI), a major employer expanding its facility and adding 3,200 jobs averaging $70,000 annually; Phase 1 (1,500 jobs) operational by 2025.
Sherman's retail trade area extends 25 miles north to Durant, OK and 15 miles south to Anna, TX.
Over 55 new residential projects are underway in Sherman, adding 11,386 single‑family lots and 16,529 multi‑family units.
High‑visibility commercial land situated on Interstate Highway 75.
Land - Prime Sherman, TX commercial development opportunity.
Where is this land located?
The property is located at Shepherd Rd Sherman, TX.
What are key features of this property?
This property features: 530-acre mixed-use development encompassing commercial, single-family, senior living, and multi-family components.; Anchored by Texas Instruments (TI), a major employer expanding its facility and adding 3,200 jobs averaging $70,000 annually; Phase 1 (1,500 jobs) operational by 2025.; Sherman's retail trade area extends 25 miles north to Durant, OK and 15 miles south to Anna, TX.
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Shepherd Rd Sherman, TX 75092
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Realmo Value Estimations
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.
Realmo CapRate Calculation
Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.
How We Calculate Cap Rate
Cap Rate Formula: Cap Rate (%) = (Net Operating Income / Property Value) × 100
Net Operating Income (NOI) Formula: NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)
Components
Net Operating Income (NOI) represents the annual income a property generates after operating expenses:
Area: Building square footage from property records
Lease Rate: Annual $/sqft based on market data for the property type and geographic location
Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
Operating Expense Ratio: Operating costs as a percentage of income, varies by property type
Property Value is derived from:
Recent sale price (if available)
Statistical models using comparable sales
AI-powered valuation estimates
Example Calculation
For a 100,000 sqft Office Building:
Lease Rate: $25.00/sqft/year (market data for Office in this area)
Vacancy Rate: 8% (market data for Office in this area)
Operating Expense Ratio: 35% (typical for Office properties)
Property Value: $15,000,000
Step 1: Calculate NOI
NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35) NOI = 100,000 × $25.00 × 0.92 × 0.65 NOI = $1,495,000/year
Step 2: Calculate Cap Rate
Cap Rate = ($1,495,000 / $15,000,000) × 100 Cap Rate = 9.97%
Property Type Considerations
Net Operating Income calculations vary by property type due to different operating expense ratios:
Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
Retail: Moderate expenses (25-35%) for common area maintenance
Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
Multifamily: Moderate expenses (35-45%) including property management
Self-Storage: Lower expenses (25-35%) due to minimal maintenance
Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.
Disclaimer
These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.
Cap Rate calculations depend on market data that may change over time
Actual operating expenses, lease rates, and vacancy rates may differ from market averages
Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
Property value estimates are approximations and not official appraisals
Cap rates vary widely by market, property condition, and investment risk profile
Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.
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.
Stat Estimate
This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.
Ranges - area data calculated by industry standard IQR Outlier Removal Method
Range-from: 75% of all similar sales ($/sqft) are above this value
Range-to: 75% of all similar sales ($/sqft) are below this value
AI Estimate
This method estimates value based on AI market estimation of comparable properties around by location and property type.
Ranges - area data calculated by industry standard IQR Outlier Removal Method
Range-from: 75% of all estimations ($/sqft) are above this value
Range-to: 75% of all estimations ($/sqft) are below this value
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
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Shepherd Rd Sherman, TX 75092
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Shepherd Rd, Sherman, TX
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to Shepherd Rd Sherman, TX 75092
Shepherd Rd, Sherman, TX
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