Property profile

Rhome, TX 76078

OFF-MARKET
Land
6.22 ac lot
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Property summary

AI-generated overview

This exceptional 6.224-acre commercial land parcel presents a remarkable investment opportunity in the thriving town of Rhome, Texas. Strategically located at the intersection of US Highway 287 and Texas Highway 114, this property boasts unparalleled visibility and accessibility. The site is situated on a corner lot with frontage on the Highway 114 service road, benefiting from a four-way stop, ensuring high traffic flow and excellent exposure for any commercial venture. Zoned for retail, medical, and office uses, this versatile land offers a wide range of development possibilities. The asking price is $2,470,000, translating to approximately $9.00 per square foot. Its proximity to a QuikTrip convenience store further enhances its desirability. The location is also highly advantageous, being just 11 miles from the Texas Motor Speedway and serving as the main exit to Bridgeport, a town known for its lake, camping, and other attractions. Furthermore, the property is part of a larger 3,500-acre master-planned community, promising significant future growth and development in the area. This prime location offers exceptional potential for substantial return on investment. Don't miss this chance to secure a piece of this rapidly developing Texas commercial market.

Property profile

Verified
Property type Land
Lot 6.22 ac (271,117 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Rhome, TX 76078
Rhome metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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