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Property profile & analytics
OFF-MARKET
Land

0 Nwc Sh 289 & Plainview Rd Sherman, TX 75092

16.84 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 16.84 ac (733,550 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
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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