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Property profile & analytics
OFF-MARKET
Land

0 Sec Heritage Pkwy & Park Ave Sherman, TX 75092

5.54 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 5.54-acre commercial land parcel is strategically located at the southeast corner of FM-1417 (Heritage Pkwy) and Park Ave in southwest Sherman, Texas, zip code 75092. The property benefits from a signalized intersection, ensuring high visibility and convenient access for businesses. Its prime location offers easy connectivity to major transportation arteries, including US-75, Highway 56, and US-82, facilitating seamless logistics and commuting. This presents a unique investment opportunity given its proximity to the burgeoning Texas Instruments campus, a new $30 billion fabrication plant currently under construction, projected to create 3,000 direct jobs. The area boasts a robust employment base, with established companies such as Tyson Foods, GlobiTech, Finisar, Emerson, Royal Case, Kaiser Aluminum, and Sunny Delight nearby, creating a strong and diverse workforce pool. This site is ideal for a variety of commercial developments, capitalizing on the significant growth and economic expansion in the Sherman area. The Grayson County location offers a compelling combination of accessibility, visibility, and proximity to a major economic driver, making this land a highly attractive investment prospect.

Property profile
Verified
Property type Land
Lot 5.54 ac (241,322 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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