0 Lot 1.2 Old Ida Rd Sherman, TX 75090
This exceptional 1-acre commercial lot, located at Lot 1.2 Old Ida Road in Sherman, Grayson County, Texas, presents a unique opportunity for development. Priced at $74,500, this flat, unrestricted property offers endless possibilities. Its ideal location in the 75090 zip code provides convenient access to local amenities and transportation routes. The land's versatility allows for a wide range of uses, from constructing a barndominium or manufactured home to establishing a small commercial venture. The property's flat terrain simplifies construction, minimizing site preparation costs and timelines. Existing infrastructure is readily available, with cooperative water and electric services conveniently located at the roadside. This presents a significant advantage, reducing the initial investment required for utility connections. Buyers are encouraged to verify all details independently and conduct their due diligence before making a purchase decision. This is a prime opportunity to acquire a versatile and conveniently located commercial lot in a thriving Texas community. Don't miss out on this chance to bring your vision to life.
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
Similar Nearby for Lease
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.