75 & Fm 691 Sherman, TX 75090
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.