114 Merger 1.97 Acres Rhome, TX 76078
This exceptional 1.97-acre commercial land parcel 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 property benefits from high traffic counts. The site is zoned for Retail, Medical, and Office uses, providing flexibility for a variety of development options. With a total buildable square footage of 54,556 square feet, this property presents a significant opportunity for investors and developers. Its proximity to the Texas Motor Speedway (11 miles) and a 3,500-acre master-planned community further enhances its appeal. The location also serves as the main exit to Bridgeport, offering access to lake activities, camping, and other attractions. Adding to its desirability, a QuikTrip is slated to open in Q1 2024, and Texas Department of Transportation improvements have been approved. The property is within the city limits of Rhome and includes cross-access granted for adjacent development. This prime location offers exceptional potential for significant return on investment.
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
Similar Nearby for Lease
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.