Two-Story Mixed-Use
For Sale
$899,000
100 E Shell Point Rd, Ruskin, FL 33570
Flexible commercial and residential configuration with renovated main-floor space, upper-level units, and on-site parking.
Property Size6,500 SF
Price / SF$133.03
Days on Market103
Property Features for 100 E Shell Point Rd
General Information
Standard status
Active
Size
6,500 SF
Additional Details
Office Units
2
Building Details
Year Built
1977
Year Renovated
2020
Buildings
1
Stories
2
Building Size
6,500 SF
Tenancy
Multi
Listing Agency:
KELLER WILLIAMS REALTY- PALM H
Listed By:
Brandon Rimes · License #3228106
(813) 917-1894
Source:
Livewelltampabay
Added: Jun 30
Changed: Oct 8
Last Checked: Oct 7 at 3:38PM
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 H
Investment Insights
Based on property information with market context.
This two-story mixed-use building contains flexible commercial and residential space within a distinctive geometric design. The main level was renovated in 2020 and includes an expansive open area, workshop space, storage, and a separate suite with a full bathroom and kitchen. The configuration supports office, gallery, studio, retail, or live-work uses, subject to applicable regulations.
The approximately 3,400-square-foot second floor is divided into four units: two one-bedroom apartments of approximately 900 square feet each and two office suites of approximately 650 square feet each. Two exterior staircases provide access to the upper level without interior stairs. The property occupies a corner lot measuring 135 x 155 feet, with 0.48 acres of land and paved parking positioned behind the building and along the front. Zoning is RTC-1.
The approximately 3,400-square-foot second floor is divided into four units: two one-bedroom apartments of approximately 900 square feet each and two office suites of approximately 650 square feet each. Two exterior staircases provide access to the upper level without interior stairs. The property occupies a corner lot measuring 135 x 155 feet, with 0.48 acres of land and paved parking positioned behind the building and along the front. Zoning is RTC-1.
Key Highlights
- Approximately 3,400 SF second floor with four units: two apartments and two office suites
- Main floor renovated in 2020 with open area, workshop, storage, full bathroom, and kitchen
- Two exterior staircases provide access to upper units without interior stairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,604
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$912,080
$912.1K
Cap Rate 7%
$651,486
$651.5K
Cap Rate 9%
$506,711
$506.7K
Market Conditions
NOI Build-Up for 6,758 SF
Gross rent
$74.6K $11.04/SF
− Vacancy
−$13.8K −$2.04/SF
EGI
$60.8K $9.00/SF
− OpEx
−$15.2K −$2.25/SF
NOI
$45.6K $6.75/SF
Area
Hillsborough County, FL
Vacancy
18.50%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$912,080
Cap Rate 7%
$651,486
Cap Rate 9%
$506,711
Alternative Uses
Best Use
Mixed Use
$1.20M
$1.05M – $1.40M
NOI $83,934 @ 7.0% cap · market cap 9.34%
Second Best
Office B
$651.5K
$570.1K – $760.1K
NOI $45,604 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $137,002 @ 7.0% cap · market cap 15.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
526
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial and residential configuration with renovated main-floor space, upper-level units, and on-site parking.
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 $899,000.
What are key features of this property?
This property features: Approximately 3,400 SF second floor with four units: two apartments and two office suites; Main floor renovated in 2020 with open area, workshop, storage, full bathroom, and kitchen; Two exterior staircases provide access to upper units without interior stairs
