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Property profile & analytics
OFF-MARKET
Land

82 Hwy Sherman, TX 75092

233 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 233 ac (10,149,480 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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CAP Approach CAP
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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