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Days1895Days on Market
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$790,000

2830 Fm 691, Sherman, TX, 75090

On MarketInfo
Baths0 Bath
Baths2,150 Sq Ft
Unimproved LandUnimproved Land
price_per_sqft$153.95 / sqft
Year BuiltBuilt in 1925

Highlights

Interior

Bathrooms 0Bathrooms 0
Garage AvailableGarage Available
FlooringOther

Exterior

Lot Size1.93 acres

Building Information

Year Built1925
Stories2
Garage Spaces3

Land Information

APN102 1097034
SubdivisionShelp D C A-G1097
Land UseResidential
Legal DescriptionG-1097 SHELP D C A-G1097, ACRES 1.929
Census Tract000903
Assessed Land Value$114,445
Assessed Improvement Value$123,189
Assessment Year2025

About this property

Very motivated seller... Available acreage in this prime location is rare! Two acres of Land right down from Texoma Medical Center on FM Hwy 691 between Hwy 75 and Texoma Parkway, perfectly positioned for a medical or healthcare facility, offices or service center. It has an open clearing of land surrounded by beautiful country foliage. Country feel yet in the city right between Sherman and Denison. The property has a small house and shop on it, both dated and ready for removal to take advantage of the surrounding commercial potential, it is currently leased, temporarily.

Investor Tools

$238,324Estimated Mortgage Balance
$94,022Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,740 /month
Positive
Cash Flow Estimate:
$1,580 /month

Interested in this property?

Houston Stanley

C-21 DEAN GILBERT, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$541/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,831
$237,634
2025
$114,445
$123,189
$237,634
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,831
$237,634

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Legend Bank Na
Commercial
$260,000
No
First
Dec 3, 2021
Dec 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$238,324
$209,676
46%
72%
$1,559/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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2830 Fm 691 | Property Details | No Agent List