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    75 & Fm 691 Sherman, TX 75090

    For Sale
    Contact for pricing

    105.2 Acres, US-75 & FM 691

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 105.2-acre commercial land parcel in Sherman, Texas, boasts a prime location at the northeast corner of US-75 and Blue Flame Road, directly across from Texoma Medical Center. This high-traffic area is home to over 3,500 employees and 400+ physicians, serving a trade area with 56,628 residents (projected to reach 59,500 by 2026) in 21,861 households (projected to reach 23,000 by 2026), boasting an average household income of $68,447. The site benefits from a strong daytime population of 62,226 due to its location within a thriving residential and commercial corridor. Situated within an opportunity zone, this land presents an ideal development opportunity for various projects, including single-family rentals, multi-family housing, and townhomes, capitalizing on the natural terrain. The property's strategic location further benefits from the projected job growth associated with the upcoming $30 billion Texas Instruments facility and the $5 billion GlobiTech facility, promising significant future development potential. Grayson County location, zip code 75090.

    Property Features for 75 & Fm 691

    General Information

    Property type
    Land
    Lot Size
    4,582,512 SF

    HighLights

    • Opportunity Zone designation.
    • Excellent site for single‑family rentals, multifamily, and townhome development, utilizing natural topography.
    • Significant job growth potential due to nearby $30 billion Texas Instruments and $5 billion GlobiTech facilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.6092328
    Latitude
    33.6091487

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    FAQs

    What type of property is this?
    Land - 105.2 Acres, US-75 & FM 691
    Where is this land located?
    The property is located at 75 & Fm 691 Sherman, TX.
    What are key features of this property?
    This property features: Opportunity Zone designation.; Excellent site for single-family rentals, multifamily, and townhome development, utilizing natural topography.; Significant job growth potential due to nearby $30 billion Texas Instruments and $5 billion GlobiTech facilities.
    (214) 720-6676
    Request Owner's contact information
    75 & Fm 691 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
    75 & Fm 691 Sherman, TX 75090
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