Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Us Highway 82 Sherman, TX 75092

    • Land
    • 15.57 lot acres
    For Sale
    View listing
    $5,800,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Us Highway 82

    Lot size
    15.57 lot acres
    Property type
    Land

    Description

    This exceptional 15.567-acre commercial land parcel in Sherman, Texas, presents a compelling investment opportunity. Zoned for up to 368 multi-family units, this property sits within an Opportunity Zone, offering significant tax advantages. Located near the intersection of US Highway 82 and US Highway 85 (North Sam Rayburn Freeway), it benefits from excellent visibility and accessibility. The site is adjacent to a 300-unit single-family development and additional commercial land, ensuring a thriving surrounding community. Utilities will be extended to the property's edge as part of the adjacent development, substantially reducing infrastructure costs for future construction. The asking price is $5,800,000, translating to a land value of $8.55 per square foot. The property's APN is 121088. This is a turnkey opportunity for developers seeking to capitalize on the strong demand for multi-family housing in a rapidly growing area. Buyers are responsible for verifying all dimensions, allowable lot use, and other information provided. Mineral rights are not included in the sale. The property is located in Grayson County, Texas, with a zip code of 75092.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.7218
    Latitude
    33.6709

    Comparable in this City

    • Value Estimation by Request
      2.39 Acres

      3791 Loy Lake Rd

      Land • 2.39 Acres
      3791 Loy Lake Rd, Denison, TX 75092
      View Details
    • Value Estimation by Request
      2.82 Acres

      Us Highway 82

      Land • 2.82 Acres
      0 Us Highway 82, Sherman, TX 75092
      View Details
    • Value Estimation by Request
      306.53 Acres

      409 Naylor Ln

      Land • 306.53 Acres
      409 Naylor Ln, Sherman, TX 75092
      View Details
    • Value Estimation by Request
      249.90 Acres

      1639 Logston Rd

      Land • 249.90 Acres
      1639 Logston Rd, Sherman, TX 75092
      View Details
    • Value Estimation by Request
      4.54 Acres

      3398 Hickory St

      Land • 4.54 Acres
      3398 Hickory St, Sherman, TX 75092
      View Details
    • Value Estimation by Request
      6.00 Acres

      Heritage Pkwy

      Land • 6.00 Acres
      0 Heritage Pkwy, Sherman, TX 75092
      View Details

    Similar Nearby for Sale

    • $4,480,000
      112.00 Acres

      Prime 112-Acre Commercial Land

      Texas development opportunity near major highways.
      0 Plainview Rd, Sherman, TX 75092
      View Details
    • $13,900,000
      151.17 Acres

      Prime Sherman Land - 151 Acres

      Exceptional commercial & residential acreage.
      000 Preston Rd, Sherman, TX 75092
      View Details
    • Contact for pricing
      10.00 Acres

      10-Acre Sherman Corner Site

      Prime Texas land, ideal for mixed-use development.
      15225 Tx-56, Sherman, TX 75092
      View Details
    • Contact for pricing
      18.00 Acres

      Sherman, TX Land: 18 Acres

      Rare 18-acre tract, ideal for development.
      750 Wible Rd, Sherman, TX 75092
      View Details
    • Contact for pricing

      Prime Sherman Commercial Land

      5.5+ Acres, High-Visibility Location
      2111 Fm 1417, Sherman, TX 75092
      View Details
    • Contact for pricing
      0.50 Acres

      Sherman Retail Pad Sites

      Prime Pad Sites: High-Traffic Retail Location
      1712 Heritage Pkwy, Sherman, TX 75092
      View Details

    Similar Nearby for Lease

    • New
      $13 SF/Yr
      794,055 SF

      Sherman, TX Industrial Space

      New construction industrial space for lease in Sherman, TX.
      750 Wible Rd, Sherman, TX 75092
      View Details
    • Contact for pricing
      1 SF

      Sherman Town Center Retail Space

      Prime Sherman, TX Retail Opportunity
      3606 Town Ctr Dr, Sherman, TX 75092
      View Details
    • $37 SF/Yr
      405 SF

      Sherman Office Space For Rent

      Office space available for lease in Sherman, Texas.
      4613 Fm 1417, Sherman, TX 75092
      View Details
    • $6 SF/Yr
      435,600 SF

      Versatile Warehouse Complex in Southmayd, TX

      61,474 sqft warehouse complex suitable for various commercial and industrial uses.
      72 Gibbons Rd, Sherman, TX 75092
      View Details
    • $12 SF/Yr
      18,885 SF

      Sherman Retail/Medical Office Space

      Retail or medical office space available in Sherman, Texas.
      2121 N Fm 1417, Sherman, TX 75092
      View Details
    • $13 SF/Yr
      1,787 SF

      Retail Space For Lease

      Retail suites available in renovated Sherman location with ample parking.
      220-231 Sunset Blvd, Sherman, TX 75092
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Us Highway 82
    Sherman, TX 75092
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.