Shepherd Road, Sherman, TX 75092

Strategic Location

• Shepherd’s Place is ideally situated at the southwest corner of US-75 and Shepherd Road making the Site ideal in regard to connectivity and ease of travel throughout the Sherman-Denison MSA and the DFW Metroplex.
• Shepherd’s Place is across from Texas Instruments and three and a half mile from the GlobiTech semiconductor chip facility which total $48 billion in anticipated investments and will create up to approximately 4,500 new jobs in the area.
• The Site is approximately 3 miles south of the intersection of FM 1417 and US 75 which boasts several retailers and restaurants.

Zoning

• The Site is zoned in the “Shepherd’s Place” Planned Development.
• In addition to Multifamily and Build-to-Rent, the master planned community will have 941 Single Family Lots, 60+/- acres of Commercial, 24+/- acres of Townhomes, and 7+/- acres of Hospitality.
• The Build-to-Rent Tract and Multifamily Tracts have flexible base zoning allowing for up to 40 units to the acre by right.
• Ownership has indicated they anticipate delivering the Spine Road and utilities to each tract within 18 months of Closing.
• Purchaser to verify zoning and allowed uses on the Site.

Population and Demographics

• According to the US Census Bureau, the City of Sherman has a population of approximately 50,229 as of July 2024, an increase of 24.6 percent in the last ten years.
• Approximately three miles north of the Site, Brightland Homes (DRB Homes) is selling homes in Bel Air Village up to $358,900. DR Horton and Chesmar Homes are also selling homes in Bel Air Village up to $327,400 and $389,990, respectively.
• The Sherman-Denison MSA is the 23rd largest MSA in Texas with an estimated population of over 150,532 in 2024, a 10.6 percent increase since 2020, per the Federal Reserve Economic Data.
• According to CoStar, multifamily properties in Sherman are achieving average effective rents up to $1.87 psf as of May 2026.