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    3200 Us-75 Sherman, TX 75090

    For Sale
    Contact for pricing

    1.21 Acres Mixed-Use Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 1.21-acre (52,753 square foot) commercial land parcel presents a unique investment opportunity in Sherman, Texas. Located at 3200 US-75, this C-2 zoned property boasts a high-growth location at the intersection of US Highway 75 and FM 1417, ensuring excellent visibility and accessibility. The site benefits from its proximity to recently opened medical offices and services, existing fast-food restaurants, and a planned acute-care hospital, creating a robust and diverse surrounding environment. Future development plans include a grocery store and additional mixed-use retail spaces, further enhancing the area's appeal and potential for increased property value. The property's location also offers attractive outdoor dining options overlooking the scenic Aston Pond, providing a unique amenity for future tenants. This prime location and the surrounding development activity make this a compelling opportunity for developers seeking to capitalize on the thriving Sherman market. The property is situated in Grayson County, Texas, and has a zip code of 75090. Coordinates are 33.599781 latitude and -96.608853 longitude. This mixed-use zoning allows for a variety of development possibilities, making it an ideal investment for long-term growth and profitability.

    Property Features for 3200 Us-75

    General Information

    Property type
    Land
    Lot Size
    52,708 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.608853
    Latitude
    33.599781

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    FAQs

    What type of property is this?
    Land - 1.21 Acres Mixed-Use Development Opportunity
    Where is this land located?
    The property is located at 3200 Us-75 Sherman, TX.
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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
    3200 Us-75 Sherman, TX 75090
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