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Property profile & analytics
OFF-MARKET
Commercial real estate

2773 Fm 697 Sherman, TX 75090

606.51 ac lot
Property ID
US82-3586964
Property summary
AI-generated overview

Exceptional opportunity to acquire a sprawling 606.51-acre property in Sherman, Texas. This expansive land parcel boasts approximately 11,000 feet of road frontage along three roads: FM 697 (on two sides), JP Cave Road, and Independence Springs Road. Its strategic location provides convenient access to major transportation arteries, situated within five miles of US Highway 75, Highway 82, and downtown Sherman. The terrain features gentle topography across most of the property, with a small floodplain area along the southern boundary. This land is ideally suited for a variety of uses, including agricultural pursuits, recreational activities such as hunting, and potential residential development. The property is agriculturally assessed, resulting in lower taxes. It's partially located within Sherman's extraterritorial jurisdiction (ETJ) and partially in Grayson County, falling within the Sherman Independent School District. Water and sewer services are approximately two miles west. Minimal easements exist. The property is partially served by Pink Hill Water CCN and partially by Sherman's water CCN, while fully served by Sherman's sewer CCN. This rare offering presents a unique investment opportunity with significant potential.

Property profile
Verified
Property type Commercial real estate
Lot 606.51 ac (26,419,576 SF)
UPID US82-3586964
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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