0 Sec Heritage Pkwy & Park Ave Sherman, TX 75092
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.
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.