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    2156 Fallon Dr Sherman, TX 75090

    For Sale
    Contact for pricing

    Prime 98-acre residential land, ideal for mixed-use development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 98.415-acre property presents a remarkable mixed-use development opportunity in Sherman, Texas. Situated at the northwest corner and southwest quadrant of Fallon Drive and Blue Flame Road, this expansive land parcel boasts convenient access to major thoroughfares, including US Highway 75 and Texoma Parkway. The property is zoned for single-family residential use and benefits from existing utilities on-site. Its strategic location offers proximity to key amenities such as Midway Mall, Midway Industrial Park, Texoma Medical Center, Gateway Village, and Sherman Town Center. Sherman's robust economy is further enhanced by the presence of major employers including Texas Instruments (with a significant new fabrication plant under development), Tyson Foods, GlobiTech, Finisar, Emerson, Royal Case, Kaiser Aluminum, and Sunny Delight. The property is within the Denison Independent School District. This location offers unparalleled potential for a diverse range of residential developments, capitalizing on Sherman's thriving economic landscape and strategic location. Parcel numbers are 115982, 115983, and 223693. Contact us for pricing and additional information.

    Property Features for 2156 Fallon Dr

    General Information

    Property type
    Multifamily properties
    Lot Size
    4,286,957 SF

    HighLights

    • 98.415‑acre mixed‑use development opportunity in Sherman, Texas.
    • Prime location at Fallon Drive & Blue Flame Road, with easy access to US Hwy 75 and Texoma Parkway.
    • Zoned for single‑family residential; existing utilities on‑site.
    • Near Midway Mall, Midway Industrial Park, Texoma Medical Center, and Sherman Town Center.
    • Strong local economy driven by major employers including Texas Instruments, Tyson Foods, and others.
    • Denison ISD; Parcel numbers: 115982, 115983, and 223693.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Hair Salon Wholesale Shop Auto Repair Shop Nail Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.586168557209
    Latitude
    33.689532484057

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    FAQs

    What type of property is this?
    Multifamily property - Prime 98-acre residential land, ideal for mixed-use development.
    Where is this multifamily property located?
    The property is located at 2156 Fallon Dr Sherman, TX.
    What are key features of this property?
    This property features: 98.415-acre mixed-use development opportunity in Sherman, Texas.; Prime location at Fallon Drive & Blue Flame Road, with easy access to US Hwy 75 and Texoma Parkway.; Zoned for single-family residential; existing utilities on-site.
    Request Owner's contact information
    2156 Fallon Dr Sherman, TX 75090
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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
    2156 Fallon Dr Sherman, TX 75090
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