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    Sherman, TX 75092

    For Sale
    Contact for pricing

    8.6 Acres, Multifamily Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 8.609-acre commercial land parcel presents a remarkable opportunity for multifamily development in the thriving city of Sherman, Texas. Located on N. FM 1417 in Grayson County, zip code 75092, this property boasts a prime location with excellent access to major roadways and amenities. The land is zoned for multifamily use, allowing for the construction of apartments, townhouses, or other multi-unit residential buildings. The expansive lot size provides ample space for a substantial development project, catering to the growing demand for housing in the Sherman area. This is an ideal investment for developers seeking to capitalize on the robust real estate market and create a significant residential community. The property's coordinates are 33.6076246 latitude and -96.6449315 longitude. Given its size and zoning, this land offers significant potential for a high-return investment. Serious inquiries are encouraged to explore the possibilities of this exceptional development opportunity. The single existing building on the property is not specified. Further due diligence is recommended to confirm all aspects of the property's suitability for your specific development plans.

    Property Features for 0

    General Information

    Property type
    Land
    Lot Size
    375,008 SF

    Building Details

    Buildings
    1

    HighLights

    • 8.609‑acre commercial land parcel in Sherman, Texas.
    • Located on N. FM 1417 in Grayson County, Texas.
    • Zoned for multifamily development.
    • Single building permitted.
    • Property type is land, with multi‑tenant potential.
    • Zip code 75092.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.6449315
    Latitude
    33.6076246

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    FAQs

    What type of property is this?
    Land - 8.6 Acres, Multifamily Zoning, Prime Location
    Where is this land located?
    The property is located at Sherman, TX.
    What are key features of this property?
    This property features: 8.609-acre commercial land parcel in Sherman, Texas.; Located on N. FM 1417 in Grayson County, Texas.; Zoned for multifamily development.
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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
    Sherman, TX 75092
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