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4381 N Loy Lake Road, Sherman, Texas– $10,031,868
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  • $10M Price
  • 23.03 Acres
  • 1976 Year Built
  • Study
  • Game Room
  • Media
  • Pool
  • $10M Price
  • 23.03 Acres
  • 1976 Year Built
  • Study
  • Game Room
  • Media
  • Pool

4381 N Loy Lake Road
Sherman, Texas 75092-6716

County: Grayson G-1553

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.

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Essential Information

  • Price$10,031,868
  • Cumulative Days on MarketUnlock
  • MLS® #21368995
  • Acres23.03
  • Year Built1976
  • Built Desc.Preowned
  • TypeCommercial Sale
  • Sub-TypeUnimproved Land
  • StatusActive
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Quick Valuation Analysis from 9 Active and 3 Sold Listings

Pricing Trends from 9 Active Listings in G-

This Home's Price $10,031,868 This Home's Price Per SqFt $
Average Price $2,118,520 Average Price Per SqFt $
Highest Price $10,031,868 Highest Price Per SqFt $
Lowest Price $1 Lowest Price Per SqFt $

Pricing Trends from 3 Sold Listings in G-

This Home's Price $10,031,868 This Home's Price Per SqFt $
Average Price $121,333 Average Price Per SqFt $
Highest Price $150,000 Highest Price Per SqFt $
Lowest Price $75,000 Lowest Price Per SqFt $

Property Details

Community

  • Address4381 N Loy Lake Road
  • SubdivisionG-1553
  • CitySherman
  • CountyGrayson
  • StateTexas
  • Zip Code75092-6716
  • UtilitiesCity Sewer, City Water, Electricity Connected, Overhead Utilities, Septic
  • Taxes7711

Interior

  • Stories1

Exterior

  • Lot DescriptionAcreage, Many Trees

Construction Details / Floorplan

  • Stories1

Additional Information

  • ZoningCommercial

Private Listing Information (Registration Required)

Listing Details

  • AgentRobin Phillips
  • OfficeCompass Re Texas, Llc.

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Listing information last updated on October 22nd, 2026 at 5:00am CDT.