Prime Sherman, TX commercial development opportunity.
Description
Added:
Dec 11, 2024
Days on Market:
363
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
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.
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.
Shepherd Rd Sherman, TX 75092
Message sent successfully
Error
Email to Your Friends
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
Shepherd Rd Sherman, TX 75092
More about this listing
Shepherd Rd, Sherman, TX
John Zikos
Contact Person
Thank You
Your message was sent!
Error
Your message wasn't sent. Try again
Request price
Shepherd Rd, Sherman, TX
John Zikos
Contact Person
Thank You
Your message was sent!
Error
Your message wasn't sent. Try again
Property Records & Analytics
Shepherd Rd, Sherman, TX
Thank You
Your message was sent!
Error
Your message wasn't sent. Try again
Request Owner's contact information
Shepherd Rd, Sherman, TX
Thank You
Your message was sent!
Error
Your message wasn't sent. Try again
Current Estimation by Request
Shepherd Rd, Sherman, TX
Thank You
Your message was sent!
Error
Your message wasn't sent. Try again
Send Message
to Shepherd Rd Sherman, TX 75092
Shepherd Rd, Sherman, TX
John Zikos
Contact Person
Thank You
Your message was sent!
Error
Your message wasn't sent. Try again
Google sign-in failed. Please try again or use another login method.