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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

114 Merger 1.97 Acres Rhome, TX 76078

54,556 SF 1.97 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 54,556 SF
Lot 1.97 ac (85,813 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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