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$109,000

NAL Estimated Property Value

2619 N Masters Dr, Sherman, TX, 75090

Off MarketInfo
CommercialInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size10,672 sqft

Land Information

APNS018 2034019
Lot Number3
SubdivisionCarraways Dr J H S/D
Land UseResidential
Legal DescriptionCARRAWAYS DR J H S/D, BLOCK 2, LOT PT 3, ACRES .245
Census Tract000903
Assessed Land Value$94,876
Assessment Year2025

About this property

Nice sized commercial lot for sale in the heart of Sherman. Excellent property to build your next office, retail store, Dr. office, you decide your next investment. High traffic area in the growing town of Sherman, TX. Many possibilities. Drive by & take a look.

Investor Tools

Property Icon
$109,000
Estimated Property Value
$66,488Estimated Mortgage Balance
$42,512Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$660 /month
Positive
Cash Flow Estimate:
$220 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$219/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,081
$94,876
2025
$94,876
N/A
$94,876
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,081
$94,876

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Independent Bank
Unknown
$70,000
No
First
Aug 8, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$66,488
$42,512
39%
61%
$420/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Sherman

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2619 N Masters Dr | Property Details | No Agent List