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    114 Merger 1.15 Acres Rhome, TX 76078

    For Sale
    Contact for pricing

    High-traffic corner lot, 9,100 SF.

    Property size:
    9,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 1.15-acre commercial property is strategically located at the intersection of Hwy 287 and Hwy 114 in Rhome, Texas, offering unparalleled visibility and accessibility. Situated on a corner lot with frontage and a four-way stop off Hwy 114, this site benefits from high traffic counts due to its placement at the merger of these two major highways. The property is zoned for Retail, Medical, and Office uses, providing flexibility for a variety of development options. With a total square footage of 9,100, this parcel presents a significant opportunity for businesses seeking a prominent location in a rapidly growing area. The site is conveniently located just 11 miles from the Texas Motor Speedway and serves as the main exit to Bridgeport, providing access to nearby lakes, camping, and other recreational attractions. Further enhancing its appeal, this property is part of a 3,500-acre master-planned community and is within the city limits of Rhome. A QuikTrip is slated to open in Q1 2024, adding to the area's commercial vibrancy. Texas Department of Transportation improvements have been approved, promising further infrastructure enhancements. Cross-access is granted for adjacent development, creating synergistic potential. This is a rare opportunity to acquire a prime commercial property in a thriving Texas market.

    Property Features for 114 Merger 1.15 Acres

    General Information

    Property type
    Land
    Square Feet
    9,100 SF
    Lot Size
    50,094 SF

    HighLights

    • High‑traffic retail land at the intersection of Hwy 287 and Hwy 114 in Rhome, TX.
    • Prime corner lot with frontage and a 4‑way stop at the Hwy 114 exit ramp.
    • Excellent location, just 11 miles from Texas Motor Speedway.
    • Proximity to a rapidly growing master‑planned community with projected 13,500 new homes.
    • Convenient access to Bridgeport and its recreational attractions.
    • QuikTrip opening Q1 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rhome
    County
    Wise
    State
    Texas
    Longitude
    -97.4779199
    Latitude
    33.0506593

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, 9,100 SF.
    Where is this land located?
    The property is located at 114 Merger 1.15 Acres Rhome, TX.
    What are key features of this property?
    This property features: High-traffic retail land at the intersection of Hwy 287 and Hwy 114 in Rhome, TX.; Prime corner lot with frontage and a 4-way stop at the Hwy 114 exit ramp.; Excellent location, just 11 miles from Texas Motor Speedway.
    Request Owner's contact information
    114 Merger 1.15 Acres 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
    114 Merger 1.15 Acres Rhome, TX 76078
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