0 Us Highway 82 Sherman, TX 75092
This exceptional 2.82-acre commercial land parcel presents a remarkable development opportunity in Sherman, Texas. Strategically located on W US Hwy 82, the property boasts significant frontage of 350.66 feet along the highway and an additional 326.40 feet along Gibbons Road, as per the survey. The asking price is $525,000, translating to a land value of $2.85 per square foot. The property's northern boundary shares a line with 4985 Gibbons Rd, a recently sold duplex (MLS #20434404). Note that approximately nine acres of adjacent vacant land (MLS #20434416) are also available for purchase separately. This property is ideal for a variety of commercial ventures, benefiting from its high-visibility location and substantial road frontage. Please be aware that a designated area marked as "Billboard" on the survey is excluded from the sale, and any income generated from this area will remain with the current owner. The zoning for this property is currently unknown. This presents a unique chance to acquire a significant commercial land holding in a thriving Texas market. Act quickly to secure this prime development opportunity.
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.
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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.