2156 Fallon Dr Sherman, TX 75090
This exceptional 98.415-acre property presents a remarkable mixed-use development opportunity in Sherman, Texas. Situated at the northwest corner and southwest quadrant of Fallon Drive and Blue Flame Road, this expansive land parcel boasts convenient access to major thoroughfares, including US Highway 75 and Texoma Parkway. The property is zoned for single-family residential use and benefits from existing utilities on-site. Its strategic location offers proximity to key amenities such as Midway Mall, Midway Industrial Park, Texoma Medical Center, Gateway Village, and Sherman Town Center. Sherman's robust economy is further enhanced by the presence of major employers including Texas Instruments (with a significant new fabrication plant under development), Tyson Foods, GlobiTech, Finisar, Emerson, Royal Case, Kaiser Aluminum, and Sunny Delight. The property is within the Denison Independent School District. This location offers unparalleled potential for a diverse range of residential developments, capitalizing on Sherman's thriving economic landscape and strategic location. Parcel numbers are 115982, 115983, and 223693. Contact us for pricing and additional information.
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.