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$299,000

NAL Estimated Property Value

TBD Texoma Parkway, Sherman, TX, 75090

Off MarketInfo

About this property

PRICE IMPROVEMENT! PRIME COMMERCIAL PROPERTY! 1.73 ACRES WITH FRONTAGE ON TEXOMA PARKWAY! Sherman, Texas, is experiencing rapid growth driven by major industrial projects such as Texas Instruments ($30B investment, 3,000 jobs) and GlobalWafers ($5B investment, 1,500 jobs). The surge in development is creating strong demand for retail, entertainment, health care services, and housing. The City of Sherman is focusing on balancing rapid growth with infrastructure to ensure development is supported by adequate services. Strategic Location – 40 miles north of DFW Metroplex, with direct access to U.S. Highway 75, I-35, and major rail networks. Business-Friendly Climate – No corporate or personal income tax, local tax abatements, and customized incentive packages encourage business. The area offers a skilled labor force supported by Grayson College’s health care and nursing programs and Austin College’s STEM and business programs. Lower Cost of Doing Business – Affordable land, utilities, and workforce compared to Dallas-Fort Worth and other major metros. This land parcel presents an excellent investment opportunity to purchase now and grow equity as the area continues to expand. With substantial frontage on Texoma Parkway (State Highway 91), the land can be developed for a variety of commercial uses, including retail, restaurants, office space, automotive businesses, and service businesses, to name a few. The medical office adjacent to the property is also available for purchase. This presents an opportunity to expand the existing office space and parking area. See MLS#21200523. Don't miss this opportunity to purchase investment land or locate your business in this high-growth location!

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$299,000
Estimated Property Value
$0Estimated Mortgage Balance
$299,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,794 /month
Positive
Cash Flow Estimate:
$598 /month

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Financing Details

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

City: Sherman

TBD Texoma Parkway | Property Details | No Agent List