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    2300 Friendship Rd Sherman, TX 75092

    For Sale
    Contact for pricing

    Prime Texas acreage, ideal for diverse uses.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 101-acre property presents a unique investment opportunity in Sherman, Texas's burgeoning growth corridor. Strategically located at the southwest corner of Pleasant Home Road and South Friendship Road, this expansive land parcel enjoys convenient access to major transportation arteries, including State Highway 56 and FM-1417/Heritage Parkway. Situated just outside the Sherman city limits, the property is zoned ETJ (Extraterritorial Jurisdiction), offering flexibility for various development projects. The site boasts readily available water access (details available upon request). This location offers unparalleled proximity to major employers, including the soon-to-be-completed Texas Instruments $30 billion fabrication plant, projected to create 3,000 direct jobs. Other significant businesses in the vicinity include Tyson Foods, GlobiTech, Finisar, Emerson, Royal Case, Kaiser Aluminum, and Sunny Delight, ensuring a robust and growing workforce base. The property's agricultural, residential, and ranch subtypes allow for a wide range of development possibilities, making it an attractive investment for both immediate and long-term growth. This is a rare opportunity to acquire a substantial land holding in a high-growth area with excellent infrastructure and a strong economic foundation. Detailed site plans and further information are available upon request.

    Property Features for 2300 Friendship Rd

    General Information

    Property type
    Farms
    Lot Size
    4,399,560 SF

    HighLights

    • High‑visibility corner lot at Pleasant Home Rd and S Friendship Rd, near SH 56 and FM‑1417/Heritage Pkwy, just outside Sherman city limits.
    • Excellent development opportunity.
    • Water utilities available (see page 4 for details).
    • Prime location near Texas Instruments' new $30B fabrication plant, creating potential for 3,000+ jobs.
    • Proximity to major employers including Tyson Foods, GlobiTech, Finisar, Emerson, Royal Case, Kaiser Aluminum, and Sunny Delight.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Hickory Hill Garden ... Apartment Complex

    Suggested Use

    Realty agency Law Firm Building Supply Dental Office Kitchen & Bath Furniture Store Electronics Store Cafe & Coffee Shop Computer & Electronic Repair Catering Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.66229588
    Latitude
    33.60936681

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    FAQs

    What type of property is this?
    Farm - Prime Texas acreage, ideal for diverse uses.
    Where is this farm located?
    The property is located at 2300 Friendship Rd Sherman, TX.
    What are key features of this property?
    This property features: High-visibility corner lot at Pleasant Home Rd and S Friendship Rd, near SH 56 and FM-1417/Heritage Pkwy, just outside Sherman city limits.; Excellent development opportunity.; Water utilities available (see page 4 for details).
    Request Owner's contact information
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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
    2300 Friendship Rd Sherman, TX 75092
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