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Property profile & analytics
OFF-MARKET
Land

0 Lot 1.2 Old Ida Rd Sherman, TX 75090

1 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 1 ac (43,560 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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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