82 Hwy Sherman, TX 75092
This exceptional 233-acre commercial land parcel presents a unique investment opportunity in Sherman, Texas. Strategically located on Highway 82, this property boasts 1390 feet of highway frontage, providing unparalleled visibility and accessibility. The land is comprised of three separate parcels, identified by tax IDs 119119 (19.5 acres), 119097 (102.68 acres), and 441453 (98.50 acres), totaling 233 acres. Currently zoned for agricultural use, the property offers significant development potential. Existing infrastructure includes readily available water, electricity, and a sewer system, simplifying development plans. The property's adjacency to a large-scale residential development further enhances its value and potential for future growth. This expansive tract is ideal for a variety of commercial uses, offering a compelling blend of location, size, and infrastructure. The asking price for this significant land holding is $13,980,000. The property's location in Grayson County, Texas, and its proximity to Sherman, provides easy access to major transportation routes and a thriving local economy. This is a rare opportunity to acquire a substantial commercial land parcel with significant development potential in a rapidly growing area.
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
Similar Nearby for Sale
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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.