0 Fm 1417 Sherman, TX 75020
This exceptional 39.09-acre commercial land parcel in Sherman, Grayson County, Texas, presents a compelling investment opportunity. Priced at $1,950,000 ($50,000/acre), this property boasts a highly desirable C-2 zoning designation, suitable for a wide array of retail and wholesale activities. Its strategic location offers convenient access to major transportation routes, including close proximity to the North Texas Regional Airport and the new Texas Instruments plant, ensuring high visibility and accessibility for future development. Utilities are readily available for connection to the site. The property is currently vacant and offered in "as is" condition, providing a blank canvas for ambitious development plans. The land is comprised of four contiguous parcels (6.93 acres, 11.33 acres, and two parcels of 20.8 acres each), all under the same ownership and zoning. The C-2 zoning allows for a diverse range of commercial uses, making it ideal for businesses seeking a prominent location in a rapidly growing area. This is a 1031 exchange eligible property. This prime location and flexible zoning make this a rare opportunity for significant commercial development in Sherman, Texas.
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
Similar Nearby for Lease
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.