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$715,000

NAL Estimated Property Value

TBD FM-697 Highway, Whitewright, TX, 75491

Off MarketInfo
Baths0 Bath

About this property

Check out this GREAT opportunity to own this 26-acre tract located on Hwy 697 just east of Sherman, approximately 10 minutes from the Texas Instruments and Globitech Facilities and 30 minutes to McKinney. This property is ready for the future growth and presents excellent development potential to the growing Sherman area. With approximately 450 feet of Hwy. frontage this property currently in row crop production with an Ag-exemption in place is level to gently sloped. Whether you're looking for a buy and hold investment or planning on building your dream home, this property is diamond just waiting to be polished. Come take a look today and make it you're on and experience the tremendous growth opportunities in the Sherman Texas area! Co-op water & electric available at road

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,290 /month
Positive
Cash Flow Estimate:
$1,430 /month

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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: Whitewright

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TBD FM-697 Highway | Property Details | No Agent List