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Property profile & analytics
OFF-MARKET
Land

1901 Heritage Pkwy Sherman, TX 75092

11.12 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 11.12 ac (484,387 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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