Entity Owned 
For Sale
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Property summary
This unique 4,139 square foot industrial property, situated on a 10,585 square foot lot in Rhome, Texas (76078), presents a compelling redevelopment opportunity. Currently vacant, this flex-space building, zoned for commercial use, offers significant potential for a variety of businesses. The property's history as Texas's first gristmill, dating back to the 1800s, adds character and charm. Previously configured as a contemporary residence and light industrial space, the building boasts two main-level bathrooms and a front reception area, ideal for a mercantile or similar venture. Imagine a coffee shop with live music on one side, and flexible event or office space upstairs. The expansive lot allows for potential expansion, additional parking, or even an outdoor stage. Located approximately two miles from the Rolling V Ranch, a large master-planned community, and conveniently situated near major highways (114 and Hwy 287), this property benefits from its proximity to significant growth and development. The property is only 29 miles from DFW International Airport and 26 miles from downtown Fort Worth, offering easy access to a large workforce and consumer base. The asking price is $745,000 ($180 per square foot). The seller is open to leasing options under the right terms. This is a value-add investment in a rapidly expanding area. The corporation-owned property is for sale by owner.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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