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$390,000

NAL Estimated Property Value

135 Old Mill Rd, Rhome, TX, 76078

Off MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size5,750 sqft

Land Information

APNS2595.0120.00
Lot Number8-9
SubdivisionOriginal Town Rhome
Land UseResidential
Legal DescriptionLOT 8 & 9 BLK 10 ORIGINAL TOWN RHOME
Census Tract150606
Assessed Land Value$34,500
Assessment Year2024

About this property

INVESTORS TAKE NOTICE! There are very few commercial lots available in our growing area and this will certainly be in demand in the near future as the Metroplex continues to move west. This lot is located very well in the middle of Rhome one block off of US Bus Hwy 287. Bus Hwy 114 also runs through town giving access from all highways to the lot. It is a prime location to build and develop a new business in Rhome whether a restaurant, gas station, grocery store or whatever you want to set up. It is a total of 0.326 acres that is flat and ready to build on. It is believed to be the former site of the Old Rhome Hotel from 1910. PLEASE CHECK IT OUT TODAY!!

Investor Tools

Property Icon
$390,000
Estimated Property Value
$0Estimated Mortgage Balance
$390,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,340 /month
Positive
Cash Flow Estimate:
$780 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$184/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$256
$34,500
2024
$34,500
N/A
$34,500
No

Tax History

Year
Tax Paid
Assessed Value
2023
$256
$34,500

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$390,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Rhome

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135 Old Mill Rd | Property Details | No Agent List