0 Shepherd St Denison, TX 75021
This exceptional 19.263-acre property, located on E Shepherd St in Denison, Grayson County, Texas, presents a remarkable investment opportunity. The land boasts approximately 835 feet of frontage on E Shepherd St and approximately 60 feet on S Ninth Ave. This versatile property offers a unique blend of commercial, residential, and recreational potential. Approximately 13 acres are zoned for mobile homes, providing immediate development possibilities. An additional approximately 6 acres are unzoned, situated within Denison's extraterritorial jurisdiction (ETJ), offering flexibility for future planning. City water and sewer services are readily available. The property enjoys stunning views from one of Grayson County's highest elevations. Its convenient location places it minutes away from Lamar Elementary School and Denison's thriving downtown area, home to over 200 independently owned businesses. The asking price is $1,155,780, and owner financing is available, making this an attractive proposition for discerning investors. The property's APN numbers are 146539
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.