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    1695 Elliott Rd Sherman, TX 75092

    For Sale
    $2,730,000

    39.89 Acres, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 39.89-acre commercial ranch property presents a unique investment opportunity in Sherman, Texas. Located at 1695 Elliott Road, this expansive land parcel boasts over 900 feet of frontage on Elliott Road, ensuring high visibility and accessibility. The property's zoning allows for a variety of commercial uses, making it ideal for developers seeking a strategic location with significant development potential. The land is classified as commercial and ranch, offering flexibility for diverse projects. While the property may have a small amount of flood-prone area, the significant acreage and prime location outweigh this minor consideration. Detailed surveys and environmental assessments are recommended for prospective buyers to fully understand the property's characteristics and potential development constraints. The asking price is $2,730,000. The total lot size is 39.89 acres, translating to approximately 1,737,608 square feet. This substantial land area provides ample space for various commercial ventures, from large-scale developments to smaller, specialized businesses. Situated in Grayson County, Texas, with a 75092 zip code, this property offers easy access to major transportation routes and amenities. The coordinates are 33.6275086 latitude and -96.6889843 longitude. Serious inquiries are encouraged.

    Property Features for 1695 Elliott Rd

    General Information

    Property type
    Farms
    Lot Size
    1,737,608 SF

    HighLights

    • 39.89‑acre parcel.
    • 10 to under 50 acres.
    • 39.89 acres.
    • 1,737,608 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.6889843
    Latitude
    33.6275086

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    FAQs

    What type of property is this?
    Farm - 39.89 Acres, High Visibility
    Where is this farm located?
    The property is located at 1695 Elliott Rd Sherman, TX.
    What is the asking price?
    The asking price for this property is $2,730,000.
    What are key features of this property?
    This property features: 39.89-acre parcel.; 10 to under 50 acres.; 39.89 acres.
    Request Owner's contact information
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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
    1695 Elliott Rd Sherman, TX 75092
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