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    Cleared Corner Building Lot Title is generated by Realmo AI

    S Branch Street, Sherman, TX 75090

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    For Sale
    $42,000

    LAND - Sherman, TX

    Lot size:
    0.16 Acres
    Added:
    Mar 14, 2026
    Days on Market:
    85
    Last Refresh:
    Jun 6 at 7:06 am

    Property Features for S Branch Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    165944
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Description
    JONES & WAINRIGHTS ADDN, BLOCK 5, LOT 16, ACR
    Tax Annual Amount
    938

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Jennifer Norris

    Listing agent Jennifer Norris License #0671527

    Listing office Easy Life Realty Sherman, TX

    Listing date Mar 14, 2026

    MLS# 21013800 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Corner lot on a dead‑end street in the 1300 block of South Branch Street
    • Lot is cleared and ready to build on
    • Public water and public sewer (public sewer) available
    • Minutes from Hwy 75
    • Close to Austin College, Texas Instruments, GlobiTech, and Tyson Foods

    Overview

    This listing offers a ready-to-build residential land lot positioned on a corner site along a dead-end street. The property is cleared and prepared for construction, with a “sign in yard” indicating an owner-ready opportunity for buyers looking to start building promptly.

    The lot is located in the 1300 block of South Branch Street in Sherman, Texas, minutes from Highway 75. It also provides close access to Austin College and major employers including Texas Instruments, GlobiTech, and Tyson Foods, supporting convenient commutes for future residents. City utilities are available at the site, which can simplify early planning and connectability.

    Given the cleared condition and available city utilities, this parcel is well suited for a buyer planning to build a primary residence or another owner-occupied home on a quieter, low-traffic dead-end street. It may also appeal to developers or investors seeking an uncomplicated lot for a straightforward construction timeline, provided their intended design aligns with the available site dimensions and local requirements. Prospective buyers are encouraged to verify all building criteria during due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.602119
    Latitude
    33.6241008

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    FAQs

    What type of property is this?
    Residential land & home lot - Cleared corner lot on a dead-end street with city utilities available, ready for immediate site development.
    Where is this residential land & home lot located?
    The property is located at S Branch Street Sherman, TX.
    What is the asking price?
    The asking price for this property is $42,000.
    What are key features of this property?
    This property features: Corner lot on a dead‑end street in the 1300 block of South Branch Street; Lot is cleared and ready to build on; Public water and public sewer (public sewer) available
    (903) 224-5171
    We can help!
    Listing Contact
    Jennifer Norris
    Real Estate License ID: 0671527
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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