620 Graham Dr Sherman, TX 75092
This exceptional 6.99-acre commercial lot presents a unique investment opportunity in Sherman, Texas. Strategically located behind Sherman Town Center and directly adjacent to a new 340-unit apartment complex currently under construction, this property offers unparalleled visibility and access to a growing residential population. The site boasts a gentle slope, eliminating any flood concerns, and is conveniently zoned C-1 commercial, ensuring a wide range of development possibilities. All utilities are readily available, simplifying the development process. While a vertical oil well is situated on the northern portion of the property (approximately 0.8 acres), this existing feature does not impede development on the remaining 5.2 net acres. The property's deed restrictions prohibit multi-family development, making it ideal for a variety of commercial uses, including storage facilities, flex spaces, or industrial outdoor storage (IOS). Given its prime location, convenient access to US-75, and the absence of floodplains, this property represents a compelling investment opportunity for developers seeking a high-visibility site in a thriving Texas market. The property is priced at $800,000. The address is 620 Graham Drive, Sherman, TX.
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.