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Property profile & analytics
OFF-MARKET
Land

3398 Hickory St Sherman, TX 75092

4.54 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 4.541-acre commercial land parcel presents a unique investment opportunity in the thriving Sherman, Texas market. Currently zoned for agricultural use, a proposal for retail/commercial zoning is in place, unlocking significant development potential. Strategically located at 3398 N Hickory Street in Knollwood, Grayson County, zip code 75092 (APN 121088), this property enjoys high visibility and accessibility due to its adjacency to a recently completed 300-unit single-family residential development and a planned multifamily project. This prime location ensures high traffic counts and strong potential for attracting customers. The asking price is $2,175,000, translating to approximately $11 per acre. The property's proximity to established residential communities creates a built-in customer base for any commercial venture. Buyers are responsible for verifying all dimensions, allowable lot use, and all MLS information, including dimensions, square footage, schools, zoning, utilities, etc. Mineral rights are not included in the sale. This is an exceptional opportunity to capitalize on the rapid growth in this area and establish a successful commercial enterprise. Don't miss this chance to secure a prime location in a booming market.

Property profile
Verified
Property type Land
Lot 4.54 ac (197,806 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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