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    1901 Heritage Pkwy Sherman, TX 75092

    For Sale
    Contact for pricing

    Exceptional 11-acre tract, ideal for diverse uses.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 11.12-acre property is strategically located on the west side of Heritage Parkway (FM-1417), nestled between Park Avenue and Brookstone Drive in southwest Sherman, Texas. Zoned R-6 | Core Neighborhood, this versatile land parcel offers significant potential for agricultural, residential, and commercial development. Its prime location provides easy access to major transportation arteries, including US-75, Highway 56, and US-82, ensuring excellent connectivity. The property benefits from its proximity to a robust employment base, including Texas Instruments, with a substantial new fabrication plant under construction, promising significant job growth. Other notable employers in the vicinity include Tyson Foods, GlobiTech, Finisar, Emerson, Royal Case, Kaiser Aluminum, and Sunny Delight. High traffic counts on Heritage Parkway (15,013 vehicles per day), Highway 56 (5,813 VPD), and US-75 (51,785 VPD) (TXDOT 2022 data) underscore the property's visibility and accessibility. This presents a unique opportunity for investors and developers seeking a well-positioned land asset in a rapidly growing area. The property's address is 1901 S Heritage Pkwy, Sherman, TX 75092, within Grayson County.

    Property Features for 1901 Heritage Pkwy

    General Information

    Property type
    Farms
    Lot Size
    484,387 SF

    HighLights

    • High traffic counts: 15,013 VPD on Heritage Pkwy, 5,813 VPD on Hwy 56, and 51,785 VPD on US‑75 (TXDOT 2022 data).
    • Excellent visibility and accessibility due to high traffic counts on major roadways.
    • Strategic location offering strong potential for high consumer traffic and business exposure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.64491557
    Latitude
    33.6102508

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    FAQs

    What type of property is this?
    Farm - Exceptional 11-acre tract, ideal for diverse uses.
    Where is this farm located?
    The property is located at 1901 Heritage Pkwy Sherman, TX.
    What are key features of this property?
    This property features: High traffic counts: 15,013 VPD on Heritage Pkwy, 5,813 VPD on Hwy 56, and 51,785 VPD on US-75 (TXDOT 2022 data).; Excellent visibility and accessibility due to high traffic counts on major roadways.; Strategic location offering strong potential for high consumer traffic and business exposure.
    Request Owner's contact information
    1901 Heritage Pkwy Sherman, TX 75092
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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
    1901 Heritage Pkwy Sherman, TX 75092
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