0 Nwc Sh 289 & Plainview Rd Sherman, TX 75092
This exceptional 16.84-acre agricultural land parcel presents a unique investment or development opportunity in Sherman, Texas, within the city's extraterritorial jurisdiction (ETJ). The property boasts significant frontage on both Preston Road (approximately 1,240 feet) and Plainview Road (approximately 885 feet), offering excellent accessibility and visibility. Currently unzoned, the land is subject to an NTX Airport overlay (B West, County). It's served by Pottsboro ISD and includes easements for water and a right-of-way along SH 289. This location benefits from Sherman's robust economic growth, fueled by a significant investment from Texas Instruments in a new semiconductor plant and a pro-business environment. Sherman's strategic location, experiencing approximately 80,000 vehicles per day on major highways, and its ranking as a highly desirable Texas town, further enhance the property's value. The proximity to Texoma Medical Center, employing over 3,000 people, adds to the area's strong employment base and potential for future development. This property is ideally suited for a variety of uses, capitalizing on the region's rapid expansion and strong economic outlook. Serious inquiries are encouraged.
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.
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.