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$1,600,000

451 Coker Road, Sherman, TX, 75090

On MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size3 acres

Land Information

APN192 050900902
SubdivisionHenderson L D A-G0509
Land UseAgriculture / Farming
Legal DescriptionG-0509 HENDERSON L D A-G0509, ACRES 3.
Census Tract001801
Assessed Land Value$110
Assessment Year2025

About this property

Exceptional 64.43-acre tract located just five miles from Sherman. One of the most scenic properties to come to market in the area, this beautiful land features gently rolling pastures, scattered wooded areas, mature trees and a picturesque pond. The property also offers frontage along Soil Conservation Lake Site 17 Reservoir, adding to its natural beauty and recreational appeal. Improvements include paved frontage on Coker Road, perimeter fencing and an included water meter. The land is currently under agricultural tax valuation. Conveniently situated approximately six miles from the new multibillion-dollar Texas Instruments semiconductor facility, 25 miles from McKinney, 28 miles from Prosper and 36 miles from Frisco. An outstanding opportunity for a gentleman’s ranch, private country estate, recreational retreat or long-term buy-and-hold investment.

Investor Tools

$0Estimated Mortgage Balance
$110Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,600 /month
Positive
Cash Flow Estimate:
$3,200 /month

Interested in this property?

Bruce Roberts

Bois d'Arc Realty, Inc.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$0/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1
$110
2025
$110
N/A
$59,536
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1
$110

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$110
100%
0%
$0/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.

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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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451 Coker Road | Property Details | No Agent List