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TBD Hwy 287 309 Acres of Agricultural Land Offered at $8,657,063 CAD in Rhome, TX 76078
Investment Highlights
- Property is ready for development- electricity available - need water source - cleared and current roads allow access - gravel pit on property
Executive Summary
Developers and Investors ALERT- this property has great potential with preparation underway for HWY 287 to become an interstate. 2 Tracts for Total of 309 acres - $6,250,000.00 combined price. Mineral rights to be retained and surface rights only for sale - Oil and Gas lease with approximately 5 well heads active on the property and per TARGA they are open to relocating the pipeline if needed. This can be done upon closing. Current cattle lease in play and can remain on the property for AG EXEMPTION.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
| Price | $8,657,063 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Agricultural |
| Sale Condition | 1031 Exchange | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 309.00 AC |
| Zoning | D1 - Qualified Open-Space Land | ||
| Price | $8,657,063 CAD |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Agricultural |
| Proposed Use | Commercial |
| Total Lot Size | 309.00 AC |
| Zoning | D1 - Qualified Open-Space Land |
1 Lot Available
Lot
| Price | $8,657,063 CAD | Lot Size | 309.00 AC |
| Price Per AC | $28,016.38 CAD |
| Price | $8,657,063 CAD |
| Price Per AC | $28,016.38 CAD |
| Lot Size | 309.00 AC |
North on Hwy 287 from 121 and then property sits on South Side of Hwy past Rhome as you enter Decatur area.
Description
309 AC available for sale on Hwy 287 in Decatur, TX.
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Numbers | Total Assessment | $22,684 CAD (2026) | |
| Land Assessment | $22,684 CAD (2026) | Annual Taxes | -$1 CAD |
| Improvements Assessment | $0 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$22,684 CAD (2026)
Improvements Assessment
$0 CAD (2026)
Total Assessment
$22,684 CAD (2026)
Annual Taxes
-$1 CAD
Tax Year
2025
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TBD Hwy 287
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