Versatile Building in Growing
10517 RIVERVIEW Dr Riverview, FL 33578
For Sale
$1,499,000
4,500 sq ft building on .7 acre lot for sale.
Property Size4,500 SF
Lot Size0.70 Acres
Price / SF$333.11
Days on Market96
Property Features for 10517 RIVERVIEW Dr
General Information
Standard status
Active
Size
4,500 SF
Lot size
0.70 Acres
Property subtype
Commercial
Building Details
Year Built
1967
Listing Agency:
RE/MAX Realty Unlimited
(813) 684-0016
Listed By:
Michael Ginty · License #653815
(813) 684-0016
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 22 at 9:59AM
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 RE/MAX Realty Unlimited
Investment Insights
Based on property information with market context.
This versatile masonry building, totaling nearly 4,500 square feet, is situated on a fenced 0.7-acre lot in Riverview, Florida. The property fronts Riverview Drive, just west of US 301, in a busy and growing area. It features a large, fully paved asphalt skirt around the building, providing ample parking. The location offers great frontage and visibility along a primary connector between 301 and US 41, facilitating commutes to Tampa and surrounding areas. The building is well-suited for multiple uses, featuring several large rooms, three bathrooms, a kitchen, and a reception area. It has most recently been used as a main office for a services contractor and a day school. Gated access alongside the building leads to the rear, which includes open storage. A loading dock with ramp access is located at the rear of the building. The property has 250 amp service. The bike score is 52, indicating it is bikeable, and the walk score is 48, suggesting car-dependent accessibility.
Key Highlights
- Prime location on Riverview Drive with high visibility and frontage, connecting US 301 and US 41 for easy commutes to Tampa.
- Large, versatile 4,500 sq ft masonry building suitable for multiple uses (office, school, etc.).
- Fully paved asphalt skirt and fenced .7 acre lot with ample parking and gated access to the rear.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.5k | $22.56 |
| − Vacancy | −$12.7k | −$2.82 |
| EGI | $88.8k | $19.74 |
| − OpEx | −$22.2k | −$4.94 |
| NOI | $66.6k | $14.81 |
4,500 SF · lease $22.56/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$951.8K
$832.8K – $1.11M
NOI $66,623 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,239 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - 4,500 sq ft building on .7 acre lot for sale.
Where is this office building located?
The property is located at 10517 RIVERVIEW Dr Riverview, FL.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Prime location on Riverview Drive with high visibility and frontage, connecting US 301 and US 41 for easy commutes to Tampa.; Large, versatile 4,500 sq ft masonry building suitable for multiple uses (office, school, etc.).; Fully paved asphalt skirt and fenced .7 acre lot with ample parking and gated access to the rear.
