0 Washington St Sherman, TX 75092
This exceptional 99.74-acre commercial land tract presents a remarkable investment opportunity in Sherman, Texas. Located on TBD W Washington Street in Grayson County, zip code 75092, this property boasts 1300 feet of frontage on Washington Street, which is slated for a four-lane expansion with a center median, per the City of Sherman. The expansive lot size offers significant development potential, ideal for a variety of commercial uses. The property's strategic location, just one parcel east of Preston Road, ensures high visibility and accessibility. While a small portion in the southeast corner may experience minor flooding, the vast majority of the land is suitable for development. The asking price for this prime commercial land is $7,000,000. This represents a unique chance to acquire a substantial parcel in a rapidly growing area with excellent infrastructure improvements planned. The property's size and location make it an attractive investment for developers seeking a large-scale project in a thriving Texas market. Coordinates are 33.6402554 latitude and -96.66536 longitude.
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.