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    Sherman Dr Denton, TX 76209

    For Sale
    Contact for pricing

    Four commercial land pads for sale.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    Exceptional investment opportunity in Denton, TX, featuring four commercial land pads totaling 6.17 acres at the southwest corner of Loop 288 and E. Sherman Dr (zip code 76209). These pads are zoned SC, allowing for a variety of uses including restaurants, drive-thrus, car washes, and auto-related businesses. Lot sizes are flexible and can be adjusted to suit individual user needs. Several lots are currently under Letter of Intent (LOI) negotiations. One lot (2.34 acres, hard corner) is under contract. The remaining available lots range from 0.77 to 1.06 acres, with pricing in the mid $20s per square foot. This prime location benefits from its proximity to a recently sold multi-family development site (350+ units), a high-performing 7-Eleven, and planned future grocery and multi-family developments. The area is currently underserved in terms of retail and restaurant options, presenting a significant opportunity for growth. The property offers excellent visibility and accessibility due to its strategic location at a major intersection. Estimated delivery for build-ready pads is Q3/Q4 2025. This is an ideal opportunity for investors and developers seeking a high-growth area with strong potential for return.

    Property Features for 0 Sherman Dr

    General Information

    Property type
    Land
    Lot Size
    268,765 SF

    HighLights

    • Adjacent to ±6.17‑acre site recently sold for 350+ multifamily units (permits secured).
    • Adjacent 7‑Eleven ranks in the top 90th percentile of Texas locations.
    • Planned grocery store and additional multifamily development at the northeast corner of 288 and E. Sherman Dr.
    • SC Zoning permits restaurants and drive‑thru uses as‑of‑right.
    • Zoning also allows auto and car wash uses.
    • Significant retail and restaurant market undersupply.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.1036396
    Latitude
    33.2244703

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    FAQs

    What type of property is this?
    Land - Four commercial land pads for sale.
    Where is this land located?
    The property is located at Sherman Dr Denton, TX.
    What are key features of this property?
    This property features: Adjacent to ±6.17-acre site recently sold for 350+ multifamily units (permits secured).; Adjacent 7-Eleven ranks in the top 90th percentile of Texas locations.; Planned grocery store and additional multifamily development at the northeast corner of 288 and E. Sherman Dr.
    (214) 227-6867
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    Sherman Dr Denton, TX 76209
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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 Dr Denton, TX 76209
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