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    15225 Tx-56 Sherman, TX 75092

    For Sale
    Contact for pricing

    Prime Texas land, ideal for mixed-use development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 10-acre property boasts a highly visible corner location at the northwest intersection of Highway 56 and Friendship Road, conveniently situated just west of FM-1417/Heritage Parkway in Sherman, Texas, zip code 75092. The site benefits from a hard corner, signalized intersection, ensuring high traffic visibility and accessibility. Existing infrastructure includes a 12-inch water line directly to the property, with sewer lines conveniently located just to the east. This versatile land is zoned for agricultural use, offering significant development potential. Its strategic location provides unparalleled proximity to major employers, including Texas Instruments, whose new $30 billion fabrication plant is slated to create 3,000 direct jobs. Other significant businesses in the vicinity include Tyson Foods, GlobiTech, Finisar, Emerson, Royal Case, Kaiser Aluminum, and Sunny Delight, creating a robust and growing employment base. This presents a unique opportunity for investors and developers seeking a prime location with excellent infrastructure and strong economic drivers. Contact for pricing and further details.

    Property Features for 15225 Tx-56

    General Information

    Property type
    Farms
    Lot Size
    435,600 SF

    HighLights

    • 10‑acre corner lot at Hwy 56 & Friendship Rd, Sherman, TX (75092), west of FM‑1417.
    • Signalized intersection with high visibility and accessibility.
    • 12" water line on‑site; sewer lines nearby.
    • Agricultural zoning with high development potential.
    • Prime location near Texas Instruments' new fabrication plant and other major employers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.66242891079
    Latitude
    33.624254923251

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    FAQs

    What type of property is this?
    Farm - Prime Texas land, ideal for mixed-use development.
    Where is this farm located?
    The property is located at 15225 Tx-56 Sherman, TX.
    What are key features of this property?
    This property features: 10-acre corner lot at Hwy 56 & Friendship Rd, Sherman, TX (75092), west of FM-1417.; Signalized intersection with high visibility and accessibility.; 12" water line on-site; sewer lines nearby.
    Request Owner's contact information
    15225 Tx-56 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
    15225 Tx-56 Sherman, TX 75092
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