Property profile

0 Sam Rayburn Fwy Dorchester, TX 75459

OFF-MARKET
Land
53 ac lot
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Property summary

AI-generated overview

Exceptional 53-acre commercial land parcel in Sherman, Texas, presents a unique mixed-use development opportunity. Ideally situated at the NEC of S Sam Rayburn Fwy in Grayson County (zip code 75459), this property boasts four distinct lots, each with significant potential. Lot One, encompassing approximately 11.03 acres, is designated for commercial development. Lot Two, spanning roughly 5.62 acres, has already received approval for a 60-unit townhome project. Lot Three, a substantial 19.07-acre parcel, is earmarked for a 220-unit build-to-rent (BTR) community. Finally, Lot Four, measuring approximately 6.11 acres, offers the potential for a multifamily development with a density of 30 units per acre. This prime location directly faces the site of Texas Instruments' $30 billion expansion, ensuring strong future growth and demand. The property's proximity to major employers such as Tyson Foods, GlobiTech, Finisar, Emerson, and Apple further enhances its investment appeal. This is a rare chance to acquire a large-scale development site in a thriving Texas market with exceptional access and visibility. The detailed lot sizes and development plans provide a solid foundation for immediate action and significant returns. Don't miss this opportunity to capitalize on the explosive growth in Sherman, Texas.

Property profile

Verified
Property type Land
Lot 53 ac (2,308,680 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Sam Rayburn Fwy Dorchester, TX 75459
Dorchester metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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