950 Old Ida Rd Sherman, TX 75090
This exceptional 68.502-acre property presents a unique opportunity in the thriving Sherman, Texas market. Located at 950 Old Ida Rd, Grayson County, zip code 75090, this expansive land boasts approximately 1300 feet of frontage on Old Ida Road. The property features open pastures ideal for various uses and includes a small freshwater pond situated on the eastern portion. Currently enjoying an Agricultural Exemption tax status, this land offers significant financial advantages. The absence of FEMA floodplain designation and the lack of current zoning provide remarkable flexibility for future development or personal enjoyment. Utilities such as water and electricity are accessible; however, sewer is not currently available. A survey of the property is readily available for review. This versatile parcel, free from zoning restrictions, presents a blank canvas for a private retreat or a strategic development project. The property's location in the growing city of Sherman, Texas, ensures strong potential for future appreciation. This is a rare opportunity to acquire a substantial acreage tract with significant upside.
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.