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    10508 Gibsonton Dr Riverview, FL 33578

    Sponsored
    For Sale
    Pending
    $1,395,000

    Mixed Use - RIVERVIEW, FL

    Type:Mixed Use
    Property size:
    1,800 SF
    Lot size:
    1.00 Acre
    Days on Market:
    146
    Last Refresh:
    Feb 24 at 9:06 pm

    Property Features for 10508 Gibsonton Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Pending
    Security features
    Closed Circuit Camera(s)
    Zoning
    PD
    APN
    U-20-30-20-ZZZ-000003-01210.0
    Appliances
    Refrigerator
    Size
    1,800 SF
    Lot size
    1.00 Acre

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1979
    Flooring type
    Tile
    Building materials
    Block, Concrete, Frame, Stucco, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Daneel Tatum
    Daneel Tatum

    Bay National Realty, Inc. (813) 786-6208

    Listing agent Daneel Tatum (813) 944-8939 License #3235939

    Listing date Oct 2, 2025

    MLS# T3466281 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Riverview Mixed-Use Redevelopment Opportunity

    This property presents a redevelopment opportunity in Riverview, Florida, situated approximately 0.6 miles from the new Advent Health Riverview Hospital. The existing turnkey medical office includes five exam rooms, a waiting area, a reception area, an administrative office, two private doctor's offices, one and a half restrooms, a lab area, a nurse's station, and a breakroom with a kitchenette. The property, located on 1.08 acres, features monument signage, approximately 125 feet of primary road frontage, and over 25 parking spaces. Recent updates include a new tile room. Zoned Planned Development (PD) with a Future Land Use designation of Suburban Mixed Use-6 (SMU-6), the highest and best use for the vacant property is retail development. The location benefits from high visibility on Gibsonton Drive, with a traffic exposure of approximately 42,500 vehicles per day. The property has conditional approval for a 6382 square foot two-story medical office. It is located in an area with favorable population and income demographics, directly across the street from a Lowe’s, and in proximity to Interstate I75 and US Highway 301. The existing building is 1800 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cano Health- Riverview Medical Clinic Rene Disotuar Abad Physician Dr. Raul E. ... Physician Rapado Viera Ivan ... Physician Emiliana Perez Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Parker Vikki DVM, Ferrera Michelle DVM, Campbell Rochelle DVM, Harris Steve DVM, Balaguer Sara DVM

    Location Insight

    • Map
    • Local Demand
    City
    Riverview
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.330316
    Latitude
    27.857729

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    FAQs

    What type of property is this?
    Medical office - Turnkey medical office suitable for retail redevelopment near new hospital.
    Where is this medical office located?
    The property is located at 10508 Gibsonton Dr Riverview, FL.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: - Prime retail redevelopment opportunity in a high-traffic location with 42,500 vehicles per day.; - Located just 4 minutes from the new $216 million Advent Health Riverview Hospital.; - Conditionally approved for a 6,382 sqft two-story medical office building.
    (813) 786-6280
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    10508 Gibsonton Dr Riverview, FL 33578
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    Riverview, FL 33578
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10508 Gibsonton Dr Riverview, FL 33578
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    We can help!
    Listing Contact
    Daneel Tatum
    Daneel Tatum
    Real Estate License ID: 3235939
    (813) 786-6280 (813) 944-8939
    Learn more
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