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    1104 Fm 1417 Sherman, TX 75090

    For Sale
    $699,000

    0.94-acre C-1 zoned lot, ideal for business.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.94-acre commercial lot is strategically located at the corner of Heritage Parkway and Quail Run Road in Sherman, Texas, offering unparalleled visibility and accessibility. Zoned C-1, this property presents a remarkable opportunity for a diverse range of commercial ventures. Its prime location boasts convenient proximity to major manufacturers, enhancing its appeal for businesses seeking strategic placement within an established industrial corridor. The surrounding area is characterized by a mix of multi-family complexes and single-family residential homes, creating a vibrant and dynamic environment. The lot features approximately 15,013 average annual daily traffic (AADT) in 2022, ensuring high visibility and potential customer traffic. Situated on FM 1417, this corner lot offers excellent frontage and exposure. The property is conveniently located approximately 3.5 miles from Highway 75, providing easy access to major transportation routes. All utilities are available on-site, simplifying the development process. The asking price is $699,000. This is a rare opportunity to acquire a highly desirable commercial lot in a thriving Texas market.

    Property Features for 1104 Fm 1417

    General Information

    Property type
    Land
    Lot Size
    40,946 SF

    HighLights

    • $742,000 asking price.
    • C‑1 zoning.
    • Frontage on FM 1417.
    • Corner lot.
    • 0.94‑acre lot.
    • Approximately 3.5 miles to Hwy 75.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.645684
    Latitude
    33.614582

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    FAQs

    What type of property is this?
    Land - 0.94-acre C-1 zoned lot, ideal for business.
    Where is this land located?
    The property is located at 1104 Fm 1417 Sherman, TX.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: $742,000 asking price.; C-1 zoning.; Frontage on FM 1417.
    Request Owner's contact information
    1104 Fm 1417 Sherman, TX 75090
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    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
    1104 Fm 1417 Sherman, TX 75090
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