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$597,000

3382 W Lamberth Road, Sherman, TX, 75092

PendingInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size5.48 acres

Land Information

APN137 120900303
SubdivisionThompson William A-G1209
Land UseAgriculture / Farming
Legal DescriptionG-1209 THOMPSON WILLIAM A-G1209, ACRES 5.4840
Census Tract001101
Assessed Land Value$494,488
Assessment Year2025

About this property

Located within the Hickory Hill Planned Development in Sherman, TX, this ±5.48-acre tract presents a strong commercial development or long-term investment opportunity adjacent to the active and growing Hickory Hill development. The property is situated in the Park Subdistrict, allowing for General Commercial use under the Hickory Hill PD zoning. Utilities are readily available, with City of Sherman water and sanitary sewer located at the adjacent site, supporting future development feasibility. Offered at $597,000, equating to approximately $2.50PSF on gross acreage, the site is competitively priced for investors seeking exposure to Sherman’s continued commercial and residential expansion. This tract is well suited for land banking or commercial development, benefiting from its proximity to ongoing development activity and the City of Sherman’s forward growth trajectory.

Investor Tools

$0Estimated Mortgage Balance
$591,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,582 /month
Positive
Cash Flow Estimate:
$1,194 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$4,156/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$46,915
$494,488
2025
$494,488
N/A
$494,488
No

Tax History

Year
Tax Paid
Assessed Value
2024
$46,915
$494,488

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$591,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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.

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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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3382 W Lamberth Road | Property Details | No Agent List