Buy&Build (Land): 28.6 acres Sherman, TX 75092 + $5.9M

Promise Land Realty
Jun 4, 2025
2 min read

Land Investment Opportunity

Price

$5,900,000

Off-Market Entitled Development | 28.6 Acres |

4441 W Houston St, Sherman, TX | $5.9M

320–340 Build-to-Rent or Build-to-Sell Units |

Utilities Nearby | Shovel-Ready

Unlock a premium, shovel-ready residential development site in the heart of booming Sherman, TX. This 28.6-acre parcel located at 4441 W Houston St is fully entitled for 320–340 single-family units—ideal for a Build-to-Rent (BTR) or Build-to-Sell (BTS) strategy. All major pre-development work is completed and available in the Dropbox folder below.

Link to Due Diligence Folder: https://www.dropbox.com/scl/fo/hiswc0ru5hc1mlpb10v6i/h?rlkey=x6tfa6sewstvkvyb130x2vngp&st=jgxy82u3&dl=0

Deal Highlights:

Fully Entitled – No rezoning needed; site is approved for residential development
320–340 Units Density – Feasibility reports and concept plans reflect strong layout and flow
Cleared & Ready – 29 acres of cleared land with favorable topography
Utilities at Street – Water and sewer infrastructure are adjacent, minimizing horizontal costs
Fast Permit Timeline – Just submit plans for approval and start building
High-Growth Market – Minutes from Sherman’s $30B+ semiconductor and industrial expansion zone
Strong Demographic Demand – Undersupplied rental and ownership housing market

This is an ideal plug-and-play project for developers seeking velocity and scale. Whether you're a merchant builder, long-term operator, or syndication group—the speed to vertical construction on this site is a major value lever.

Submit all offers and direct inquiries to:investments@promiselandrealtyllc.com

Property Map

TEAM PROMISELAND DISCLAIMER

This listing is exclusive to Team Promiseland and may not be marketed, redistributed, or advertised without written permission or official membership in the TEAM PROMISELAND affiliate network. Unauthorized distribution is subject to a $500 penalty per occurrence.

All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.

OFFICIAL PROMISELAND LENDING PARTNER

100% Financing for Rehab Projects

Powered by Residential Capital Partners

ResCap is a direct private lender offering zero-money-down loan options for 1-4 unit residential investment flips & rentals across the U.S.

🔹 100% Financing – Covers purchase + rehab

🔹 Fast Closings – ~10 days

🔹 Credit Requirements – 620+ FICO (Rehab), 660+ FICO (DSCR)

🔹 Loan Size – $75K–$1.25M

🔹 Rates – 10.9%–11.9% | 2–3% origination | 1st lien

🔹 Serviced In-House | Virtual Inspections | No Owner-Occ or Rural Props

Nationwide Coverage (Excludes: AK, AZ, NV, PA)

Proof of Funds Available

This listing is proudly sponsored by Residential Capital Partners – trusted lending for the nation’s best flippers.

For more info email sarter@promiselandrealtyllc.com or text (864) 762-2509

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