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    2111 Fm 1417 Sherman, TX 75092

    For Sale
    Contact for pricing

    5.5+ Acres, High-Visibility Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 5.5+/- acre commercial land parcel presents a remarkable investment opportunity in Sherman, Texas. Strategically located at the southeast corner of Heritage Parkway (FM 1417) and Park Lane, this property boasts unparalleled visibility and accessibility. The permitted zoning is COMMERCIAL, offering a wide range of development possibilities. Its location near the Texas Instruments and Globitch expansions positions it within a rapidly growing area, benefiting from significant economic activity and increased population. The site is also conveniently situated near the new Sherman High School, adding to its appeal. To the east lies a mature residential area, while new growth surrounds the intersection, indicating a strong and expanding community. The potential for future development is further enhanced by the possibility of a four-way intersection at this high-traffic location. The property's address is 2111 S FM 1417, Sherman, Grayson County, Texas, 75092. With its ideal location, substantial size, and promising future prospects, this land parcel represents a compelling investment for discerning developers and businesses seeking a prime location in a thriving market. The latitude and longitude coordinates are 33.608035 and -96.64422 respectively.

    Property Features for 2111 Fm 1417

    General Information

    Property type
    Land

    HighLights

    • Excellent location near Texas Instruments and Globitch expansions.
    • Prime location near the new Sherman High School on Heritage Parkway.
    • Mature residential area to the east, surrounded by new development.
    • Potential for future 4‑way intersection.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FreeUp Storage Sherman Self-Storage Facility

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Wholesale Shop Auto Repair Shop Kitchen & Bath Food Market Storage Facility Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.64422
    Latitude
    33.608035

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    FAQs

    What type of property is this?
    Land - 5.5+ Acres, High-Visibility Location
    Where is this land located?
    The property is located at 2111 Fm 1417 Sherman, TX.
    What are key features of this property?
    This property features: Excellent location near Texas Instruments and Globitch expansions.; Prime location near the new Sherman High School on Heritage Parkway.; Mature residential area to the east, surrounded by new development.
    (972) 991-9590
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    2111 Fm 1417 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
    2111 Fm 1417 Sherman, TX 75092
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