Ruskin Mixed-Use Commercial/Residential
For Sale
Contact for pricing
100 E Shell Point Rd, Ruskin, FL 33570
Two-story building with mixed-use potential in a visible location.
Property Size6,758 SF
Price / SF$139.83
Days on Market152
Property Features for 100 E Shell Point Rd
General Information
Standard status
Active
Size
6,758 SF
Property subtype
Mixed Use
Zoning
RTC-1
Building Details
Year Built
1977
Buildings
1
Stories
2
Listing Agency:
Keller Williams Realty Palm Harbor
(813) 917-1894
Listed By:
Brandon Rimes · License #FL 3228106
Source:
Crexi
Added: Mar 13
Changed: Aug 8
Last Checked: Aug 8 at 6:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Palm Harbor
Investment Insights
Based on property information with market context.
This two-story mixed-use building offers approximately 6,500 sq. ft. of space on a highly visible corner lot. The second floor, approximately 3,400 sq. ft., includes four units: two one-bedroom apartments (approximately 900 sq. ft. each) and two office suites (approximately 650 sq. ft. each). These units are suitable for residential rentals, office space, or potential short-term rental use, subject to local regulations. The main floor, renovated in 2020, was designed for an art gallery and features a large open space, a workshop area, storage space, and an additional large suite with a full bathroom and kitchen. This level is suitable for an executive office setup, creative businesses, retail concepts, studios, or professional offices. The building has two exterior staircases providing access to the upper units without interior stairs. There is a large parking area behind the building, along with front parking spaces. The property is suitable for residential rentals, retail, office space, creative studios, galleries, mixed-use concepts, or potential short-term rentals. The site may also present a future development opportunity with the potential for approximately 20 units.
Key Highlights
- High‑visibility location on a corner lot in the heart of Ruskin, maximizing exposure for any business.
- Flexible mixed‑use potential with approximately 6,500 sq. ft. including residential and commercial spaces.
- Second floor features four units (two 1‑bedroom apartments and two office suites) offering immediate rental income potential.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,934
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,678,680
$1.7M
Cap Rate 7%
$1,199,057
$1.2M
Cap Rate 9%
$932,600
$932.6K
Market Conditions
NOI Build-Up for 6,758 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$146.0K $21.60/SF
− Vacancy
−$11.7K −$1.73/SF
EGI
$134.3K $19.87/SF
− OpEx
−$50.4K −$7.45/SF
NOI
$83.9K $12.42/SF
Area
Hillsborough County, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,678,680
Cap Rate 7%
$1,199,057
Cap Rate 9%
$932,600
Alternative Uses
Best Use
Mixed Use
$1.20M
$1.05M – $1.40M
NOI $83,934 @ 7.0% cap · market cap 8.88%
Second Best
Retail
$947.8K
$829.3K – $1.11M
NOI $66,347 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $137,002 @ 7.0% cap · market cap 14.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
Explore this area
Business Placement
Demographics for 33570, FL
33,348
Population
14,049
Households
2.4
Avg Household Size
37
Median Age
22%
College-Educated
88%
High-School Grad
41.8 sq mi
ZIP Area
798
Density / Sq Mi
$69,048
Median Household Income
$41,333
Median Earnings
$1,217
Median Rent
$255,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story building with mixed-use potential in a visible location.
Where is this mixed-use property located?
The property is located at 100 E Shell Point Rd Ruskin, FL.
What is the asking price?
The asking price for this property is $944,988.
What are key features of this property?
This property features: High‑visibility location on a corner lot in the heart of Ruskin, maximizing exposure for any business.; Flexible mixed‑use potential with approximately 6,500 sq. ft. including residential and commercial spaces.; Second floor features four units (two 1‑bedroom apartments and two office suites) offering immediate rental income potential.
