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    Plainview Rd Sherman, TX 75020

    For Sale
    $14,850,000

    ±270 acres, exceptional location, high potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional ±270-acre agricultural land parcel presents a unique investment opportunity in Grayson County, Texas. Strategically located along Plainview Road, this property enjoys convenient access to US Highway 82 and benefits from its intersection with the planned route of the future Grayson County Tollway. The property's location offers significant advantages for developers, with proximity to both the rapidly growing city of Frisco (approximately 45 miles away) and the recreational amenities of Lake Texoma (approximately 15 miles away). Zoned AG, this unincorporated land is priced at $55,000 per acre, totaling $14,850,000. The property falls within the S and S Consolidated Independent School District, providing valuable context for potential residential or mixed-use development. Given its size, location, and access to major transportation routes, this ±270-acre tract offers substantial potential for a variety of development projects. The strategic intersection with the future tollway further enhances its long-term value and accessibility. This is a rare opportunity to acquire a significant land holding in a rapidly developing area of Texas. Detailed surveys and due diligence are recommended.

    Property Features for 0 Plainview Rd

    General Information

    Property type
    Farms
    Lot Size
    11,761,200 SF

    HighLights

    • $55,000 per acre.
    • Unincorporated land.
    • Located in the S and S Consolidated Independent School District.
    • Future Grayson Tollway intersects the property.
    • Excellent highway access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.705213
    Latitude
    33.697152

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    FAQs

    What type of property is this?
    Farm - ±270 acres, exceptional location, high potential.
    Where is this farm located?
    The property is located at Plainview Rd Sherman, TX.
    What is the asking price?
    The asking price for this property is $14,850,000.
    What are key features of this property?
    This property features: $55,000 per acre.; Unincorporated land.; Located in the S and S Consolidated Independent School District.
    Request Owner's contact information
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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

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    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
    Plainview Rd Sherman, TX 75020
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