0 H. 289 Sherman, TX 75020
This exceptional 50.78-acre property presents a unique investment opportunity in Sherman, Grayson County, Texas. Located just outside city limits, this agriculturally-exempt land boasts convenient access to key infrastructure. The property features a substantial 3,500 square foot barn, complete with an existing water well and electricity, providing immediate utility. Its strategic location offers proximity to both State Highway 289 and the projected alignment of a future tollway, placing it within a projected Tax Increment Reinvestment Zone (TIRZ). Furthermore, the land is situated within the S&S Consolidated Independent School District and enjoys the benefit of being outside any designated floodplain. For those seeking convenient air travel, the North Texas Regional Airport is less than three miles away, and the Hagerman National Wildlife Refuge is approximately 2.5 miles from State Highway 289. This versatile property, with its existing improvements and prime location, offers significant potential for various commercial and agricultural uses. The combination of its size, existing infrastructure, and strategic location makes this a compelling investment opportunity in a rapidly growing area of Texas. The property is free and clear of any floodplain designations. This is a rare opportunity to acquire a substantial tract of land with existing improvements in a desirable location.
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
Similar Nearby for Sale
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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.