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Property profile & analytics
OFF-MARKET
Land

3319 Rex Cruse Dr Sherman, TX 75092

15 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 14.996-acre commercial land parcel in Sherman, Texas, presents a unique investment opportunity. Located at 3319 N Rex Cruse Drive, Knollwood, Grayson County, (zip code 75092), this property boasts significant highway frontage, ensuring high visibility and accessibility. Currently zoned for agricultural use with future commercial/retail potential, this unzoned land offers a blank canvas for development. Its strategic location adjacent to a recently completed 300-unit single-family residential development and a planned multifamily project guarantees a robust customer base. The high traffic count and proximity to established residential areas make this site ideal for a retail center, or other commercial ventures. The asking price is $7,185,000, translating to approximately $11 per acre. The APN is 121088. Buyers are responsible for verifying all dimensions, allowable lot use, and all information provided, including square footage, zoning, utilities, and school districts. Mineral rights are not included in the sale. This is a rare chance to capitalize on the rapid growth in this thriving area. Secure this prime location and build your commercial vision.

Property profile
Verified
Property type Land
Lot 15 ac (653,226 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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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