US 75, Sherman, TX 75090

Listing agent Jordan Cortez License #0494942 Show Phone

Listing office Vanguard Real Estsate Advisors Dallas, TX Show Phone

Listing date Jun 10, 2026

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MLS# 21297589 Listing URL

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Overview

This offering includes two separate development sites within the Shepherd’s Place master planned community: a 23.4-acre build-to-rent site and a 30-acre multifamily site. Both sites are governed by the Shepherd’s Place planned development zoning. Ownership would consider subdividing the 30-acre multifamily tract into two 15-acre tracts, and the 23.4-acre build-to-rent site can also be developed as multifamily, depending on how the project is structured.

Shepherd’s Place is described as a 531-acre community located at the southwest corner of US-75 and Shepherd Road in Sherman, Texas. The master plan also contemplates 60 acres of retail, 20 acres of office, 941 single-family lots, 24 acres of townhomes, and 7 acres of hospitality, creating a broader mixed-use framework around these parcels.

For developers, these tracts offer flexibility to pursue either build-to-rent or multifamily product types under the same planned-development approval framework. The ability to purchase sites individually, along with the option to split the larger multifamily land into two smaller tracts, may help match different pro forma and entitlements strategies while keeping the development tied to the Shepherd’s Place master plan.

Map

City

Sherman

County

Grayson

State

Texas

Longitude

-96.6074592

Latitude

33.550182

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FAQs

What type of property is this?

Residential land & home lot - Planned-development land offering both build-to-rent and multifamily development options within Shepherd’s Place.

Where is this residential land & home lot located?

The property is located at US 75 Sherman, TX.

What is the asking price?

The asking price for this property is $15,041,268.

What are key features of this property?

This property features: 23.4‑acre build‑to‑rent site and 30‑acre multifamily site in Shepherd's Place master planned community; Located at the southwest corner of US‑75 and Shepherd Road in Sherman, TX; Sites are within the Shepherd's Place planned development zoning (531‑acre community)