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    331 Old Mill Rd Rhome, TX 76078

    For Sale
    $645,000

    Business - Rhome, TX

    Type:Business
    Lot size:
    0.24 Acres
    Days on Market:
    186
    Last Refresh:
    Dec 7 at 8:06 pm

    Property Features for 331 Old Mill Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    S2595006201
    Parking features
    On Street, Open
    Lot size
    0.24 Acres

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Flooring type
    Concrete, Laminate
    Building materials
    Metal Siding, Steel Siding
    Roof type
    Metal
    Architectural style
    Other

    Keller Williams Heritage West (817) 441-4000 [email protected]

    Listing agent Kate Hogan (817) 441-4000 License #0668947

    Listing date Jun 5, 2025

    MLS# 20507809 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Gristmill in Growing Area

    This property presents an incredible commercial opportunity in an area experiencing rapid growth. It features Texas's first Gristmill, dating back to the 1800s, and is approved for Commercial Light Industrial use. Half of the Gristmill was previously utilized as a contemporary residence. The industrial building offers ample space suitable for various business operations, including manufacturing, storage, or distribution. Potential uses include a mercantile with two main level bathrooms and a front reception area. One side could function as a coffee shop with live music, while the upstairs area could serve as flex space for events or offices. With some clearing in the back for additional parking or a stage, the entire property could be transformed into a venue. The property is located approximately 2 miles from Rolling V Ranch, a 3600-acre master plan of 10,000 homes, and offers an incredible development opportunity in a prime location near Highway 114 and Highway 287, with many commercial and industrial businesses moving to the area. The property is located 29 miles from DFW and 26 miles from Downtown Fort Worth. The lot size is 0.243 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Hair Salon Auto Repair Shop Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rhome
    County
    Wise
    State
    Texas
    Longitude
    -97.469953
    Latitude
    33.051051

    Nearby Similar for Sale

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      Rhome Retail Opportunity on Main

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    • Contact for pricing
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      Rhome Retail Redevelopment Opportunity

      Retail property in Rhome, TX, suitable for redevelopment.
      311 Old Mill Rd, Rhome, TX 76078
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    • $745,000
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      Gristmill Redevelopment Opportunity

      Historic Gristmill, prime Texas location.
      331 Old Mill Rd, Rhome, TX 76078
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    • $645,000
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      331 Old Mill Rd, Rhome, TX 76078

      Commercial real estate • 4,139 SF
      331 Old Mill Rd, Rhome, TX 76078
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    FAQs

    What type of property is this?
    Industrial property - Commercial opportunity in Rhome, near major development, suitable for various businesses.
    Where is this industrial property located?
    The property is located at 331 Old Mill Rd Rhome, TX.
    What is the asking price?
    The asking price for this property is $645,000.
    What are key features of this property?
    This property features: - Prime commercial location in a rapidly growing area near Hwy 114 and Hwy 287.; - Approved for Commercial Light Industrial use, suitable for various business operations.; - Located approximately 2 miles from Rolling V Ranch, a 3600-acre master-planned community of 10,000 homes.
    (817) 441-4000
    Request Owner's contact information
    331 Old Mill Rd Rhome, TX 76078
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    Rhome, TX 76078
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    331 Old Mill Rd Rhome, TX 76078
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