Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Development-Ready Agricultural Tract Title is generated by Realmo AI

    PR 4728, Rhome, TX 76078

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $1,750,000

    LAND - Other - Rhome, TX

    Lot size:
    76.74 Acres
    Added:
    Mar 3, 2026
    Days on Market:
    92
    Last Refresh:
    Jun 3 at 3:06 pm

    Property Features for PR 4728

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Gate, Fenced
    Standard status
    Active Under Contract
    APN
    A0915000100
    Lot size
    76.74 Acres

    Utilities

    Water source
    Well

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Erin Herren
    Erin Herren

    Listing agent Erin Herren License #0731728

    Listing office C21 Fine Homes Judge Fite Dallas, TX

    Listing date Mar 3, 2026

    MLS# 21156301 Listing URL

    Copyright © 2026 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.

    HighLights

    • Over 76 acres in Wise County, largely open with minimal tree coverage for flexible future use
    • Includes three producing natural gas wells and one water well
    • Private road access with gated entry and fencing
    • Water source: well
    • Located just north of Rhome, with part of the property in New Fairview ETJ
    • About 7 miles north of Rolling V Ranch housing development and a few miles from U.S. Highway 287

    Overview

    This mostly open tract offers a flexible base for development, investment, or continued agricultural use, with minimal tree coverage that supports a variety of future layouts. The property includes three producing natural gas wells and one water well, providing existing infrastructure value. Private road access and a gated entry help balance accessibility with controlled, secured access.

    Located just north of Rhome and within part of the New Fairview ETJ, the land sits in Wise County with a rural setting while remaining close to growth corridors. The property is approximately 7 miles north of the Rolling V Ranch housing development and only a few miles from U.S. Highway 287, offering convenient regional connectivity.

    The asset can fit a range of buyer strategies, from holding for agricultural purposes to planning future development. Opportunity for an agricultural lease may provide potential income and favorable tax treatment. The seller is open to subdividing into smaller parcels via metes and bounds descriptions with a cooperative buyer, which may appeal to investors looking for more tailored acquisition and resale approaches.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Auto Repair Shop Kitchen & Bath Showroom Electrical Service Pet Store Pet Store & Service (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rhome
    County
    Wise
    State
    Texas
    Longitude
    -97.4389518
    Latitude
    33.078899

    Nearby Similar for Sale

    • $545,000
      4,015 SF

      Historic Light Industrial Mill

      Approved for commercial light industrial, this historic mill offers flexible space for manufacturing, storage, distribution, or events.
      331 Old Mill Road, Rhome, TX 76078
      View Details
    • $3,800,000

      Productive Ranch with River Frontage

      192.7 acre ranch in Rhome, Texas with agricultural income.
      449 County Road 4667, Rhome, TX 76078
      View Details
    • $43,257,825

      High-Visibility Corner Development Land

      Large corner tract with major highway exposure, offering flexible development options across mixed-use, industrial, and logistics.
      Hwy 114, Rhome, TX 76078
      View Details
    • $525,000

      Land in Growing Rhome Market

      6.77 acres in growing market with utilities available.
      139 Cr-4713, Rhome, TX 76078
      View Details
    • $999,900
      3,497 SF

      Custom Ranch with Equestrian Amenities

      Spacious ranch on 5 acres with barn and guest suite.
      213 Audra Circle, Rhome, TX 76078
      View Details
    • $5,700,000

      26.48 Acres in Rhome, TX

      26.48 acre site in the growing Rhome market.
      US 287, Rhome, TX 76078
      View Details
    • $3,800,000
      8,394,012 SF

      Legacy Ranch Property in Rhome

      192-acre ranch with river frontage, hay production, and development potential.
      449 Private Road 4670, Rhome, TX 76078
      View Details
    • $487,000
      3,500 SF

      Rhome, TX Retail Zoned Land

      Commercial land zoned for retail in growing Rhome, TX.
      199 N Main Street, Rhome, TX 76078
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - A largely open acreage with private gated access and producing wells, suited for development, investment, or continued agricultural use.
    Where is this agricultural land / farmland located?
    The property is located at PR 4728 Rhome, TX.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Over 76 acres in Wise County, largely open with minimal tree coverage for flexible future use; Includes three producing natural gas wells and one water well; Private road access with gated entry and fencing
    (214) 920-9611
    We can help!
    Listing Contact
    Erin Herren
    Erin Herren
    Real Estate License ID: 0731728
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    PR 4728, Rhome, TX 76078
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!