
$312,000
NAL Estimated Property Value631 Luella Road, Sherman, TX, 75090
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About this property
1200 feet from the Billion Dollar Bel Air Lagoon Development!! Located in the booming hot market of Sherman, Texas. This property sits in the middle of major upcoming development with Lennar building next door (400 plus single family units), Multi Family coming across the street in both directions. With tons of road frontage, this property is a great opportunity for Mini Storage facility or other commercial ideas. No City oversight yet on the property! Early 1900s dilapidated school house currently sits on property. Do not enter structure without agent.
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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.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Sherman
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