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$3,900,000 Just Listed
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Property Description
HIGH VISIBILITY POTENTIAL COMMERCIAL LAND available along E Hwy 114 just 2 miles east of Rhome. This prime parcel consists of 7.52 flat, unrestricted acres completely fenced and directly accessed from eastbound Hwy 114. There are 503 feet of highway frontage. The land currently is in agricultural use and has ag exemption, but its prime location with many commercial and industrial businesses moving to the area, make a perfect spot for your new business. The traffic count is through the roof with 23,763 vehicles traveling past this property daily, The potential for high visibility and a successful business is here. New survey available.
Full Property Details
Full Property Details for 0 E Hwy 114 Hwy
General
- Price: $3,900,000
- Taxes: $11
- Status: Active
- Type: Lots/Land
- Source: NTREIS
- MLS ID: 21410065
- Updated: 10/12/2026
- Added to Site: Today
Location
- County: Wise
- Subdivision: A0743
- Driving Directions: From Hwy 287 in Rhome, take Hwy 114 east approximately 2 miles. The property will be on the eastbound side. Look for black banner on the metal double gate. Using GPS, put in 5475 E Hwy 114, Rhome TX. This is the address of SOCOMORE on the opposite side of the highway.
School Information
- Elem School District: Northwest ISD
- Midd School District: Northwest ISD
- High School District: Northwest ISD
- Elementary School: Sevenhills
- Middle School: Chisholmtr
- High School: Northwest
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Utilities
- Utility Description: Electricity Available, None
Structural Information
- Detached/Attached: Detached
- Current Bldg. Use: Agricultural, Cattle, Grazing
Lot Features
- Lot Size (Acres): 8.622
- Lot Size (Sq. Ft.): 375,574.32
- Frontage: Highway, Concrete, Asphalt
- Lot Features: Acreage
- Potential Use: Development, Industrial, Retail
- Trees/Vegetation: Cleared, Grassed
- Zoning: Unzoned, currently being used for agriculture, but in an area with many commercial properties.
- Fencing (Description): Barbed Wire
Financial Considerations
- Tax Amount: $11
- Terms: Cash, Conventional
Disclosures and Reports
- Documents Avail.: Aerial, Survey
- Legal Description: TRACT 20 8.6220 ACRES
- Exclusions: Seller is reserving mineral rights.
- Property ID: 776816
- Block: 20
Listed by Epique Realty LLC, Heidi Parrish
Get Pre-Approved Today
Schools
Schools serving 0 E Hwy 114 Hwy
School District:Northwest Independent School District
| Name | Grades | Distance |
|---|---|---|
Clara Love Elementary School 16301 Elementary Drive, Justin, TX 76247 | PK-5 | 1.1 mi |
Gene Pike Middle School 2200 Texan Drive, Justin, TX 76247 | 6-8 | 0.5 mi |
Northwest High School 2301 Texan Drive, Justin, TX 76247 | 9-12 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 0 E Hwy 114 Hwy
Date
Details
Price
Change
Source
10/12/2026
Listed
$3,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 0 E Hwy 114 Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2024
100%
$1,093,793
36%
2021
100%
$802,115
—
2021
100%
$802,110
—
2020
-100%
$802,110
237%
2019
$5,400
3%
$238,140
10%
2018
$5,259
44%
$216,720
43%
2017
$3,642
17%
$151,060
16%
2016
$3,122
-2%
$130,030
—
2015
$3,200
16%
$130,030
16%
2014
$2,756
—
$111,990
—
2013
$2,756
—
$111,990
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 0 E Hwy 114 Hwy
0 E Hwy 114 Highway, Rhome, TX 76078 (MLS# 21410065) is a Lots/Land property with a lot size of 8.622 acres. 0 E Hwy 114 Highway is currently listed for $3,900,000 and was received on October 12, 2026. Want to learn more about 0 E Hwy 114 Highway? Do you have questions about finding other Lots/Land real estate for sale in Rhome? You can browse all Rhome real estate or contact a Coldwell Banker agent to request more information.

