1639 Logston Rd Sherman, TX 75092
For Sale
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This exceptional 249.9-acre commercial land parcel presents a unique investment opportunity in Sherman, Texas. Strategically located between the planned extension of the Dallas North Tollway, Preston Road (S.H. 289), US Highway 82, and State Highway 56, this property boasts over one mile of frontage on Logston Road, ensuring excellent accessibility. The land itself is a blend of cropland and pastureland, enhanced by natural features including a creek, a large pond, and several smaller stock tanks. The topography is generally level, making development relatively straightforward. Improvements include a three-bedroom, two-bathroom farmhouse with a double garage, along with barns and working pens equipped with utilities. Underground utilities are also present around the working pens. The property is currently benefiting from an agricultural tax exemption and an existing agricultural lease. Situated within the S&S Consolidated Independent School District, this property offers a compelling combination of location, size, and existing infrastructure, making it ideal for a variety of commercial ventures. The existing agricultural improvements provide immediate income potential while the prime location offers significant long-term development possibilities. This is a rare opportunity to acquire a substantial land holding in a rapidly growing area of 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
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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.