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$3,400,000

NAL Estimated Property Value

3901 E Highway 114, Rhome, TX, 76023

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CommercialInfo

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringCarpet, Combination, Concrete, Tile

About this property

Prime 40.88 Acres with Unlimited Potential! Located in the unincorporated portion of Wise County, this expansive 40.88-acre property offers exceptional value and versatility. With 1,602 feet of prime Highway 114 frontage, this tract is perfectly positioned for a variety of uses, whether for development, recreational activities, or private estate living. Best of all, the property is not subject to any zoning ordinances, giving you the freedom to customize it as you see fit. The land is gated and fully fenced with high fencing , ensuring security and privacy throughout the entire acreage. Additionally, it features five water wells and a picturesque creek, adding both beauty and practicality to the property, perfect for agricultural endeavors, livestock, or creating your own private retreat. Access is a breeze with multiple points of entry. There are convenient entrances directly off of Hwy 114, as well as a private entrance off Private Road 4245, allowing for flexible access and added privacy. This property also comes with a new survey, ensuring accuracy and clarity of boundaries. With its combination of size, location, utilities, and access, this land offers limitless possibilities. Whether you're looking to invest, build, or explore recreational options, this property is a rare find in the heart of Wise County. Property was a previous exotic animal sanctuary. 6 buildings and several animal enclosures are present on property.

Investor Tools

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$3,400,000
Estimated Property Value
$0Estimated Mortgage Balance
$3,400,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$20,400 /month
Positive
Cash Flow Estimate:
$6,800 /month

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Financing Details

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

City: Rhome

3901 E Highway 114 | Property Details | No Agent List