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$6,000,000

$6,750,000

TBD 75+/- AC Pleasant Home & Friendship Road, Sherman, TX, 75092

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Baths0 Bath
Unimproved LandUnimproved Land

About this property

Opportunity awaits with approximately 75 MOL acres ideally located within the Sherman city limits at the intersection of Pleasant Home and Friendship Roads. This North Western corner property features a scenic pond and gently rolling terrain, currently utilized for hay production. The location offers proximity to Sherman High School, Texoma Christian School, and convenient access to Highway 56, FM 1417, S. Heritage Parkway, and is just minutes from the major intersection of US HWY 75 & Heritage Parkway, connecting you with essential amenities and roadways. Additionally, this property is only 20 minutes from Lake Texoma, providing easy access to one of the region’s premier recreational destinations. The property is situated near several of Sherman’s rapidly growing industries, including Texas Instruments, Coherent, Eaton, Emerson, GlobalWafers, GloibiTech and more. This dynamic industrial growth enhances the area’s appeal for future development and offers excellent opportunities for investment. Developers and investors can envision a range of uses on this versatile site, from single family homes and multi-family residences to mixed-use communities, subject to approval by the City of Sherman Planning and Zoning Department. All uses and plans should comply with local zoning and land use requirements. Don’t miss the chance to invest in a thriving area with outstanding access to schools, major employers, commuter routes, and abundant growth potential. For more information or to discuss development possibilities, please contact the listing agent. All buyers are responsible for confirming all details with the City of Sherman regarding permitted uses and development processes.

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$0Estimated Mortgage Balance
$0Estimated Equity
0% equity
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$36,000 /month
Positive
Cash Flow Estimate:
$12,000 /month

Interested in this property?

Cristi Perkins

Steve Cook & Co, REALTORS

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Financing Details

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

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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TBD 75+/- AC Pleasant Home & Friendship Road | Property Details | No Agent List