1901 Heritage Pkwy Sherman, TX 75092
This exceptional 11.12-acre property is strategically located on the west side of Heritage Parkway (FM-1417), nestled between Park Avenue and Brookstone Drive in southwest Sherman, Texas. Zoned R-6 | Core Neighborhood, this versatile land parcel offers significant potential for agricultural, residential, and commercial development. Its prime location provides easy access to major transportation arteries, including US-75, Highway 56, and US-82, ensuring excellent connectivity. The property benefits from its proximity to a robust employment base, including Texas Instruments, with a substantial new fabrication plant under construction, promising significant job growth. Other notable employers in the vicinity include Tyson Foods, GlobiTech, Finisar, Emerson, Royal Case, Kaiser Aluminum, and Sunny Delight. High traffic counts on Heritage Parkway (15,013 vehicles per day), Highway 56 (5,813 VPD), and US-75 (51,785 VPD) (TXDOT 2022 data) underscore the property's visibility and accessibility. This presents a unique opportunity for investors and developers seeking a well-positioned land asset in a rapidly growing area. The property's address is 1901 S Heritage Pkwy, Sherman, TX 75092, within Grayson County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.