331 Old Mill Rd Rhome, TX 76078
Property profile & analytics
331 Old Mill Rd Rhome, TX 76078
- Commercial real estate
- 1,394 SF
- 0.24 lot acres
Property ID
US82-2438070
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 331 Old Mill Rd
- Construction
- FRAME
- Lot size
- 0.24 lot acres
- Property size
- 1,394 SF
- Property type
- Commercial real estate
- APN
- S2595.0062.01
- APU
- S2595006201
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Rhome
- County
- Wise
- State
- Texas
- Longitude
- -97.47
- Latitude
- 33.0511
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,162
$52,925
$369,624
$422,549
-
$52,925
$369,624
$422,549
