Sherman

Sherman has become one of the fastest-growing communities in North Texas, attracting new businesses, major employers, and exciting development while maintaining its historic charm. Residents enjoy vibrant downtown shopping, locally owned restaurants, breweries, live entertainment, excellent healthcare, higher education opportunities, and a wide variety of housing options ranging from historic homes to luxury new construction communities.

Sherman’s strategic location along US-75 provides quick access to Dallas, McKinney, Denison, and Southern Oklahoma, while major investments from companies like Texas Instruments continue fueling economic growth and job opportunities. Combined with nearby Lake Texoma, parks, museums, and year-round community events, Sherman offers the perfect balance between opportunity and quality of life.

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62.8108-acre development opportunity strategically located at the northeast corner of Heritage Parkway (FM 1417) and Washington Street in Sherman, Texas. The property is situated immediately south of an established retail strip center and directly adjacent to the growing Washington Meadows residential community, creating an excellent setting for future residential, commercial, or mixed-use development. The tract offers prominent frontage along Heritage Parkway (FM 1417), one of Sherman’s important north-south growth corridors, with convenient access to major transportation routes and the surrounding retail, residential, and employment areas. The property is currently zoned residential. Commercial development would be subject to obtaining the appropriate zoning change and all required approvals from the City of Sherman. Buyers and developers should independently verify zoning, permitted uses, utilities, access, development standards, and availability with the City of Sherman and applicable governmental authorities. The property's size, corner location, visibility, and proximity to existing and expanding residential development make it an attractive opportunity for developers, investors, and users seeking a sizable tract in a rapidly developing area of Sherman. $35,500,000 Active

62AC Heritage (FM 1417) Parkway Sherman, Texas

62.811 Acres

A rare opportunity to acquire over 226 acres of strategically located land parcels in high-growth Grayson County, spanning Sherman, TX. Situated near Texas Instruments’ new facility, Shepherd’s Place, and the Sherman Gateway development, this portfolio is ideal for residential, industrial, or mixed-use development. With close proximity to major transportation corridors and Howe High School, the location offers strong potential for near-term projects or long-term investment. Positioned in one of North Texas’ fastest-growing markets, this is a compelling opportunity you don’t want to miss. Message us today for details! $19,000,000 Active

TBD W Shepherd Drive Sherman, Texas

226 Acres

***** A RARE GEM *******Amazing 151 ACRES , Corner Lot Of PRESTON & ELLIOT RD. 2500 + FT FRONTAGE on PRESTON RD & 2500+ FT FRONTAGE on ELLIOTT RD . GREAT COMMERCIAL. RESIDENTIAL PROPERTY .Survey in Transaction Desk . property may have small amount of flood in south east corner . ***** DO NOT MISS OUT ****** $18,900,000 Active

151 Acres PRESTON Road Sherman, Texas

151.173 Acres

Vanguard Real Estate Advisors has been exclusively retained by Ownership to present the opportunity to purchase a 220 acre master planned community called Greenway, located along OB Groner Road in Sherman, TX. The Site is zoned under the Greenway planned development, allowing for a mix of commercial, single family, townhomes, and multifamily. The current Concept Plan shown on page 3 contemplates 808 residential lots, 773 multifamily units, and 16.4 acres of retail space. Ideally located approximately 2 miles west of US Highway 75 and less than a 10-minute drive to the new GlobiTech and Texas Instruments facilities, this is a great opportunity to acquire a Site with high density entitlements in one of the fastest growing markets in North Texas. $16,500,000 Active

000 OB Groner Sherman, Texas

220.04 Acres

This stunning 100-acre parcel of land offers a perfect blend of privacy, natural beauty, and development potential. Zoned for residential development, this property offers ample space for custom homes or a luxury housing development. The mix of wooded and open areas creates ideal opportunities for integrating homes into the landscape while maintaining privacy and natural beauty. Additional acreage available up to 282 acres. $15,619,175 Active

95 Meadowlake Lane Sherman, Texas

283.985 Acres

Here is the information for a 23.4 acre Build-to-Rent Site and a 30 acre Multifamily Site that are part of a larger master planned community called Shepherd’s Place, located at the southwest corner of US-75 and Shepherd Road in Sherman, TX. The Site is zoned under the Shepherd’s Place planned development, a 531 acre community, which will also include, but not limited to, 60 acres of retail, 20 acres of office, 941 single family lots, 24 acres of townhomes, and 7 acres of hospitality. Please note, Ownership would consider subdividing the 30 acre Multifamily Site into two 15 acre tracts, and the Build-to-Rent Site can also be developed as multifamily; all the sites can be purchased individually. $15,041,268 Active

1100 SHEPHERD Sherman, Texas

53.4 Acres

44 acres of commercial land on the NEC of Highway 82 and Texoma parkway. Former Sher-Den Mall Site. Opportunity zoned land. Commercial pad sites and residential land tracts available. Will parcel off ideal size tracts and pad sites for users and investors. $10,775,000 Active

3209 Texoma Parkway Sherman, Texas

41.24 Acres

A rare 107-acre Ag Exempt property with ~1,500 ft frontage on Highway 56, just outside Sherman city limits. This land is ideal for development or investment. Sherman is attracting billions in new investments, with rapid expansion and key projects like the Texas Instruments semiconductor plant. Located less than a mile from city limits and within a 10-minute drive to Austin College, Sherman Town Center, and much more, this site offers exceptional access and visibility. With the ongoing industrial corridor development in South Sherman, the property is perfectly poised to benefit from the city's growth. Don’t miss the chance to secure a large acreage in an area with unmatched future potential. $10,738,700 Active

11086 State Highway 56 Sherman, Texas

107.387 Acres

Prime 23-Acre Development Tract with Hwy 75 Frontage – Sherman, Texas Capitalize on the rapid growth of the North Texas, Silicon Prairie, with this premier 23-acre development opportunity. Located within the Sherman city limits and just an hour north of Dallas, this highly visible tract features dual frontage on both U.S. Highway 75 and Loy Lake Road, ensuring maximum exposure and accessible ingress and egress. Strategic Location: Situated in a high-growth corridor just north of Sherman Town Center and the new Courtyard by Marriott. It sits exactly 10 miles north of the massive Texas Instruments and Globiwafer multi-billion dollar manufacturing plants, and 10 miles south of the Oklahoma border.Favorable Zoning & Utilities: Zoned R-6 (Residential) within the City of Sherman, with city utilities available, including a city gravity sewer line on the north side of the property and a 12 inch water line running along hwy 75. 1198' road frontage on Hwy 75 and 822' road frontage along Loy Lake Rd.Maximum Tax Incentives: Positioned within Opportunity Zones 1.0 and 2.0, providing developers and investors with exceptional long-term tax advantages.Ready for Due Diligence: A complete property survey is available upon request to help accelerate your project timeline.Whether you are looking to develop a master-planned residential community, high-density housing, or pursue a commercial variance in a booming submarket, this acreage offers the location, infrastructure, and financial incentives to maximize your return on investment. Contact us today to review the survey and secure this exceptional piece of the Texas growth engine. $10,031,868 Active

4381 N Loy Lake Road Sherman, Texas

23.03 Acres

WILL SUBDIVIDE. Discover this exceptional 294.25-acre property at 8571 Plainview Road in Sherman, Texas, offering unparalleled potential in a rapidly expanding region just north of the DFW Metroplex. Consisting of 3 contiguous parcels (Parcel IDs: 115192, 115190, 457716), this expansive tract boasts dual road access with 1,765.44 feet of frontage along Plainview Road and an additional 665 feet of frontage along Frank Ln. Strategically positioned 1.2 miles from the planned Grayson County Toll Road, 3.5 miles from State Highway 289, and only 1.7 miles from Highway 82, ensuring excellent connectivity and accessibility. The land features serene ponds, enhancing its appeal for recreational or agricultural uses, and lies entirely outside of any flood zones for added peace of mind. Nature enthusiasts will appreciate its mere half-mile proximity to the Hagerman National Wildlife Refuge, encompassing 11,000 acres of pristine outdoor recreation—the largest natural space in North Texas—while aviation and logistics opportunities abound with the North Texas Regional Airport just 3.5 miles away, including recent plans announced in April 2025 for new taxiways and hangars. Ideal for development, investment, or a private estate, this property sits in a thriving area with significant growth momentum. Parcel 115192 (140.3ACs) can be sold separately. $8,827,500 Active

8571 Plainview Rd Road Sherman, Texas

294.25 Acres

***** AMAZING LAND *******Great investment tract of 99.74 acre , only 1 parcel east of Preston Road . Washington street will be 4 lane with median in center according to City of Sherman . 1300 FT Frontage on Washington street . Survey in Transaction Desk. Property may have small amount of flood on south east corner . $8,500,000 Active

99 Acres W Washington Street Sherman, Texas

99.74 Acres

PRIME LOCATION! This tract is strategically located on the same road 1 mile west from the $30B Texas Instruments expansion. At the corner of Shepherd Rd. and Farmington Rd. this 90.89 acre tract is poised to capitalize on the population influx from DFW along with the many jobs created by the Texas Instruments development and chip manufacturing boom taking place in southern Sherman spearheaded by Global Wafers. HEB recently announced acquisition of a 20 acre site very close by. Many new developments coming nearby including Centurion American's Cottonwood development on FM 902, Shepherd's Place master planned community at Shepherd Road and Hwy. 75. With an available 20 inch groundwater line running along Farmington and a 36 inch sewer line located approximately 1 mile east at Texas Instruments. this site has much potential. In preparing for this growth, a portion of Shepherd Rd. has been recently updated to a 4 lane road and median. Many new developments are shaping up the surrounding area and this tract is next. Seller will consider owner financing. Call us for any questions. $7,725,650 Active

TBD Shepherd Drive Sherman, Texas

90.89 Acres

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