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    Sec Heritage Pkwy & Park Ave Sherman, TX 75092

    For Sale
    Contact for pricing

    Prime Commercial Land Near Texas Instruments

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 5.54-acre commercial land parcel is strategically located at the southeast corner of FM-1417 (Heritage Pkwy) and Park Ave in southwest Sherman, Texas, zip code 75092. The property benefits from a signalized intersection, ensuring high visibility and convenient access for businesses. Its prime location offers easy connectivity to major transportation arteries, including US-75, Highway 56, and US-82, facilitating seamless logistics and commuting. This presents a unique investment opportunity given its proximity to the burgeoning Texas Instruments campus, a new $30 billion fabrication plant currently under construction, projected to create 3,000 direct jobs. The area boasts a robust employment base, with established companies such as Tyson Foods, GlobiTech, Finisar, Emerson, Royal Case, Kaiser Aluminum, and Sunny Delight nearby, creating a strong and diverse workforce pool. This site is ideal for a variety of commercial developments, capitalizing on the significant growth and economic expansion in the Sherman area. The Grayson County location offers a compelling combination of accessibility, visibility, and proximity to a major economic driver, making this land a highly attractive investment prospect.

    Property Features for 0 Sec Heritage Pkwy & Park Ave

    General Information

    Property type
    Land
    Lot Size
    241,322 SF

    HighLights

    • High‑visibility corner lot at FM‑1417/Heritage Pkwy & Park Ave in Sherman, TX.
    • Signalized intersection provides excellent visibility and accessibility.
    • Convenient access to major highways US‑75, Hwy 56, and US‑82.
    • Prime location near Texas Instruments' new $30B fabrication plant, creating thousands of jobs.
    • Proximity to numerous established employers including Tyson Foods, GlobiTech, Finisar, Emerson, Royal Case, Kaiser Aluminum, and Sunny Delight.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.6449323
    Latitude
    33.6086804

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land Near Texas Instruments
    Where is this land located?
    The property is located at Sec Heritage Pkwy & Park Ave Sherman, TX.
    What are key features of this property?
    This property features: High-visibility corner lot at FM-1417/Heritage Pkwy & Park Ave in Sherman, TX.; Signalized intersection provides excellent visibility and accessibility.; Convenient access to major highways US-75, Hwy 56, and US-82.
    (972) 991-9590
    Request Owner's contact information
    Sec Heritage Pkwy & Park Ave Sherman, TX 75092
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    Sherman, TX 75092
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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
    Sec Heritage Pkwy & Park Ave Sherman, TX 75092
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