Date
Details
Price
Change
Source
5/24/2026
Listed
$545,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$545,000 Just Listed
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Property Description
NEW LIST PRICE! Texas's first Gristmill that dates back to the 1800's. Property is approval for Commercial, Light Industrial. Half of the Gristmill was previously used as a Contemporary Residence. This industrial building is perfect for any business operation, with plenty of space for manufacturing, storage, or distribution. This could be a mercantile with two main level bathrooms and front reception area! One side could be a coffee shop with live music, upstairs can be flex space for events, or office. The whole property would be a great venue, given some clearing in the back for more parking or a stage. Approximately 2mi from Rolling V Ranch, a 3600ac master plan of 10,000 homes. 114 and Hwy. 287 and Incredible development opportunity in a prime location with many commercial and industrial businesses moving to the area. Seller is open to lease the property for the right terms. Located 29 miles from DFW and 26 miles from Downtown Fort Worth.
Full Property Details
Full Property Details for 331 Old Mill Rd
General
- Price: $545,000
- Status: Active
- Type: Business
- Source: NTREIS
- MLS ID: 21276673
- Updated: 5/24/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Industrial, Mixed, Warehouse, Storage
Interior
- Flooring: Combination, Concrete, Laminate
Parking
- Parking Features: Asphalt, Gravel, On Site, Open, Outside, On Street, Unpaved
Location
- County: Wise
- Subdivision: Original Town Rhome
- Driving Directions: From 114 to US 81 service road and go Right on Main, right on Logan and left on Old Mill, property is on the right.
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Other
- Heating Type: Other
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Overhead Utilities, Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Metal Siding, Steel Siding
- Roof: Metal
- Stories/Levels: 2
- Square Feet: 4,015
- Sq. Ft. Source: Assessor
Lot Features
- Lot Size (Sq. Ft.): 0.24
- Lot Size Source: Assessor
- Topography: Varied
- Lot Features: Level, Few Trees
- Potential Use: Industrial, Office, Other, Restaurant, Retail, Warehouse, Wholesale
- Zoning: Once was zoned for residential and commercial. Now it is zoned for only commercial.
Financial Considerations
- Terms: Cash, Conventional, 1031 Exchange, Lease Option, Lease Purchase
- Owner Pays: Taxes
- Tenant Pays: All Utilities, Electricity, Exterior Maintenance, Repairs, Trash Collection, Water
Disclosures and Reports
- Documents Avail.: Aerial, Survey
- Inclusions: Building Only
- Property ID: S2595006201
Listed by Keller Williams Heritage West, Kate Hogan and Keller Williams Heritage West, Barrett Weaver
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Listing agents
— 331 Old Mill Rd —
Kate Hogan
Keller Williams Heritage West
Barrett Weaver
Keller Williams Heritage West
817-771-3174
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 331 Old Mill Rd
School District:Northwest Independent School District
| Name | Grades | Distance |
|---|---|---|
Prairie View Elementary School 609 Fm 3433, Rhome, TX 76078 | PK-5 | 1.7 mi |
Chisholm Trail Middle School 583 Fm 3433, Rhome, TX 76078 | 6-8 | 1.6 mi |
Northwest High School 2301 Texan Drive, Justin, TX 76247 | 9-12 | 9.2 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 331 Old Mill Rd
Tax History
Tax History for 331 Old Mill Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,261
-26%
$462,537
59%
2021
$4,420
—
$291,019
29%
2021
$4,420
—
$224,839
13%
2021
$4,420
-3%
$199,360
-1%
2020
$4,568
9%
$201,440
9%
2019
$4,176
1%
$184,170
8%
2018
$4,124
51%
$169,940
50%
2017
$2,730
10%
$113,230
10%
2016
$2,472
-4%
$102,940
-1%
2015
$2,562
-1%
$104,120
-1%
2014
$2,592
4%
$105,310
4%
2013
$2,486
—
$101,040
—
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 331 Old Mill Rd
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331 Old Mill Road, Rhome, TX 76078 (MLS# 21276673) is a Business property. 331 Old Mill Road is currently listed for $545,000 and was received on May 24, 2026. Want to learn more about 331 Old Mill Road? Do you have questions about finding other Business real estate for sale in Rhome? You can browse all Rhome real estate or contact a Coldwell Banker agent to request more information.