Flex Space with Loading
For Sale
$1,499,000
10517 RIVERVIEW Drive, Riverview, FL 33578
Commercial Sale, RIVERVIEW, FL
Property Size4,500 SF
Lot Size0.69 Acres
Price / SF$382.40
Days on Market264
Property Features for 10517 RIVERVIEW Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RDD-DT1
Appliances
Microwave, Refrigerator
Subdivision
COPELAND & MORRISONS SUB
Lot features
Central Business District, Near Public Transit, Oversized Lot, Paved, Suburb
Directions
301 in Riverview to West on Riverview Drive to property address on south side of street.
Standard status
Active
APN
U-17-30-20-2RI-000002-00009.0
Size
3,920 SF
Lot size
0.69 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
COPELAND AND MORRISONS SUBDIVISION LOTS 9 10 AND 11 AND WESTERLY 25 FT OF VACATED STREET ABUTTING ON EAST BLOCK 2
Tax Annual Amount
12578
Legal Description
COPELAND AND MORRISONS SUBDIVISION LOTS 9 10 AND 11 AND WESTERLY 25 FT OF VACATED STREET ABUTTING ON EAST BLOCK 2
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
kitchen
reception area
Building Details
Year built
1967
Floors in Building
1
Number of units
1
Flooring type
Epoxy, Tile - Ceramic, Concrete
Building materials
Block, Stucco
Roof type
Built-Up
Listing Agency:
RE/MAX REALTY UNLIMITED · RE/MAX International
(813) 684-0016
Listed By:
Michael Ginty · License #653815
(813) 294-1665
Added: Jan 21
Changed: Sep 28
Last Checked: Oct 12 at 1:06AM
MLS# TB8465465
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.
Investment Insights
Based on property information with market context.
This flex-space property is a masonry building with several sizable rooms, a reception area, kitchen, and three bathrooms. The interior includes concrete, epoxy, and ceramic tile flooring, along with central heating and air conditioning. A rear loading dock with ramp access, gated passage along the building, and open storage support practical operations. The property also includes public water and sewer service, a built-up roof, and 250-amp electrical service.
The building fronts Riverview Drive west of US 301, along a connector between US 301 and US 41 in Riverview. A fenced asphalt-paved area surrounds the building, with parking positioned at the front and rear access available through the side gate. The property was built in 1967 and is zoned RDD-DT1.
The building fronts Riverview Drive west of US 301, along a connector between US 301 and US 41 in Riverview. A fenced asphalt-paved area surrounds the building, with parking positioned at the front and rear access available through the side gate. The property was built in 1967 and is zoned RDD-DT1.
Key Highlights
- Flexible masonry building with several large rooms, reception area, kitchen, and 3 bathrooms
- Rear loading dock with ramp access
- 250‑amp electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,036
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,160,720
$1.2M
Cap Rate 7%
$829,086
$829.1K
Cap Rate 9%
$644,844
$644.8K
Market Conditions
NOI Build-Up for 3,920 SF
Gross rent
$88.4K $22.56/SF
− Vacancy
−$11.1K −$2.82/SF
EGI
$77.4K $19.74/SF
− OpEx
−$19.3K −$4.94/SF
NOI
$58.0K $14.81/SF
Area
Riverview, FL
Vacancy
12.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,160,720
Cap Rate 7%
$829,086
Cap Rate 9%
$644,844
Alternative Uses
Best Use
Office B
$829.1K
$725.5K – $967.3K
NOI $58,036 @ 7.0% cap · market cap 3.87%
Second Best
Flex RnD
$482.2K
$422.0K – $562.6K
NOI $33,756 @ 7.0% cap · market cap 2.25%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,577 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33578, FL
58,854
Population
25,850
Households
2.3
Avg Household Size
35
Median Age
37%
College-Educated
94%
High-School Grad
20.4 sq mi
ZIP Area
2,885
Density / Sq Mi
$80,223
Median Household Income
$46,967
Median Earnings
$1,766
Median Rent
$298,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- DiMisa™️ 721 Gourmet Catering — 8205 US-301 South, Riverview, FL 33578
- Coastal Café — 7409 US-301, Riverview, FL 33578
Frequently Asked Questions
What type of property is this?
Flex space - Masonry commercial building with flexible rooms, office amenities, gated rear access, and paved on-site parking.
Where is this flex space located?
The property is located at 10517 RIVERVIEW Drive 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: Flexible masonry building with several large rooms, reception area, kitchen, and 3 bathrooms; Rear loading dock with ramp access; 250‑amp electrical service
