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    620 Graham Dr Sherman, TX 75092

    For Sale
    $800,000

    Prime Texas location, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 6.988-acre commercial and industrial land parcel, located in rapidly growing Sherman, Texas, presents a unique investment opportunity. Situated at the northwest quadrant of US-75 & US-82, behind Sherman Town Center, this property benefits from its proximity to major retailers and anchors. A significant advantage is its location near a burgeoning technology sector, fueled by expansions from Texas Instruments, Globitech, and Apple. The site boasts frontage and access on Graham Drive, with potential for additional access via Sherman Town Center. Zoned C-1 Commercial, the land features a gentle slope, no flood plain designation, and readily available water and sewer utilities. While an active vertical oil well exists on the northern section (within a 200-foot no-structure buffer), approximately 5.2 acres of usable land remain. The property is priced at $800,000, with deed restrictions prohibiting mid or high-density uses, making it suitable for storage, flex space, or similar developments. A 340-unit apartment complex is currently under construction to the north, further enhancing the area's appeal. This is a rare opportunity to acquire land in a thriving market with significant growth potential. The land value is $2.63 per square foot.

    Property Features for 620 Graham Dr

    General Information

    Property type
    Land
    Lot Size
    304,397 SF

    HighLights

    • 6.988‑acre commercial/industrial land parcel in Sherman, TX, at US‑75 & US‑82.
    • Prime location near major retailers, Texas Instruments, Globitech, and Apple.
    • C‑1 Commercial zoning, 5.2 acres usable land (excluding oil well buffer).
    • Excellent access via Graham Drive, potential access via Sherman Town Center.
    • $800,000 asking price, $2.63/sq ft; deed restrictions prohibit mid/high‑density uses.
    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
    -96.612051125563
    Latitude
    33.684573143667

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    FAQs

    What type of property is this?
    Land - Prime Texas location, ideal for development.
    Where is this land 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.
    What are key features of this property?
    This property features: 6.988-acre commercial/industrial land parcel in Sherman, TX, at US-75 & US-82.; Prime location near major retailers, Texas Instruments, Globitech, and Apple.; C-1 Commercial zoning, 5.2 acres usable land (excluding oil well buffer).
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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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