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Property profile & analytics
OFF-MARKET
Land

950 Old Ida Rd Sherman, TX 75090

68.5 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 68.5 ac (2,983,947 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
AI Approach AI
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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