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    Washington St Sherman, TX 75092

    For Sale
    $7,000,000

    99.74 Acres, Prime Location, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 99.74-acre commercial land tract presents a remarkable investment opportunity in Sherman, Texas. Located on TBD W Washington Street in Grayson County, zip code 75092, this property boasts 1300 feet of frontage on Washington Street, which is slated for a four-lane expansion with a center median, per the City of Sherman. The expansive lot size offers significant development potential, ideal for a variety of commercial uses. The property's strategic location, just one parcel east of Preston Road, ensures high visibility and accessibility. While a small portion in the southeast corner may experience minor flooding, the vast majority of the land is suitable for development. The asking price for this prime commercial land is $7,000,000. This represents a unique chance to acquire a substantial parcel in a rapidly growing area with excellent infrastructure improvements planned. The property's size and location make it an attractive investment for developers seeking a large-scale project in a thriving Texas market. Coordinates are 33.6402554 latitude and -96.66536 longitude.

    Property Features for 0 Washington St

    General Information

    Property type
    Land
    Lot Size
    4,344,674 SF

    HighLights

    • $7,000,000 asking price.
    • 99.74‑acre commercial land parcel.
    • Located at TBD W Washington Street, Sherman, TX 75092 in Grayson County.
    • 1300 feet of frontage on Washington Street, a future four‑lane road with a median.
    • Potential for minor flooding in the southeast corner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.66536
    Latitude
    33.6402554

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    FAQs

    What type of property is this?
    Land - 99.74 Acres, Prime Location, High Visibility
    Where is this land located?
    The property is located at Washington St Sherman, TX.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: $7,000,000 asking price.; 99.74-acre commercial land parcel.; Located at TBD W Washington Street, Sherman, TX 75092 in Grayson County.
    (972) 948-9200
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    Washington St 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
    Washington St Sherman, TX 75092
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