114 Merger 1.34 Acres Rhome, TX 76078
This exceptional 1.34-acre commercial property presents a unique investment opportunity in the rapidly growing city of Rhome, Texas. Situated at the high-traffic intersection of Highway 287 and Highway 114, this strategically located land boasts significant frontage and a corner position at the exit ramp of Highway 114, featuring a four-way stop. The property is zoned for Retail, Medical, and Office uses, offering considerable flexibility for development. With a total potential buildable area of 10,000 square feet, this site is ideally positioned to capitalize on the area's burgeoning growth. Its proximity to the Texas Motor Speedway (11 miles) and a 3,500-acre master-planned community further enhances its appeal. The location also provides convenient access to Bridgeport, a popular destination for lake activities and other attractions. Adding to the property's value, a QuikTrip is slated to open in Q1 2024, and Texas Department of Transportation improvements have been approved, promising increased visibility and accessibility. The property is located within the city limits of Rhome, offering access to municipal services and infrastructure. This is a rare chance to acquire a high-visibility commercial lot in a thriving Texas community. The cross-access granted for adjacent development provides additional potential for synergy and expansion.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.