Fenced Mixed-Use Property with Loading
For Sale
$1,500,000
10517 Riverview Drive, Riverview, FL 33578
Masonry commercial building with flexible rooms, customer reception, kitchen, rear access, and paved on-site parking.
Property Size4,500 SF
Lot Size0.70 Acres
Price / SF$382.65
Days on Market250
Property Features for 10517 Riverview Drive
General Information
Standard status
Active
Size
4,500 SF
Lot size
0.70 Acres
Property subtype
Commercial Sale / Mixed Use
Zoning
RDD-DT1
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$12,578
Amenities
large rooms
3 bathrooms
kitchen
reception area
loading dock
open storage
Central Air
Central
Ceramic Tile, Concrete, Epoxy
Microwave, Refrigerator
No
Acoustical, Drywall
10 to 15 Feet
Square Feet
Public Records
Built-Up
Oak Trees
14
1
Slab
Block, Stucco
Building Details
Year Built
1967
Buildings
1
Building Size
4,500 SF
Construction
masonry
Listing Agency:
RE/MAX REALTY UNLIMITED
(813) 684-0016
Listed By:
Michael Ginty · License #653815
(813) 684-0016
Source:
Compass
Added: Dec 22, 2025
Changed: Aug 29
Last Checked: Aug 29 at 2:11PM
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 masonry mixed-use property sits on a fenced 0.7-acre MOL parcel and includes a nearly 4,500-square-foot building with multiple large rooms, reception space, kitchen, and three bathrooms. The interior includes central air, ceramic tile, concrete, epoxy flooring, acoustical finishes, and drywall. A loading dock with ramp access serves the rear, while gated access along the building leads to open storage and the back portion of the site. Front parking and a fully paved asphalt area provide practical circulation around the building. The property has 250 amp electrical service and was built in 1967.
The building fronts Riverview Drive just west of US 301, along a connector between US 301 and US 41. Its RDD-DT1 zoning and existing office-oriented layout support a range of potential mixed-use configurations, subject to applicable approvals.
The building fronts Riverview Drive just west of US 301, along a connector between US 301 and US 41. Its RDD-DT1 zoning and existing office-oriented layout support a range of potential mixed-use configurations, subject to applicable approvals.
Key Highlights
- Nearly 4,500 total sq ft masonry building on a fenced 0.7 acre MOL parcel
- RDD‑DT1 zoning
- Loading dock with rear ramp access
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
$60,197
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
4.01%
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%
$1,203,940
$1.2M
Cap Rate 7%
$859,957
$860.0K
Cap Rate 9%
$668,856
$668.9K
Market Conditions
NOI Build-Up for 3,920 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
$105.8K $27.00/SF
− Vacancy
−$9.5K −$2.43/SF
EGI
$96.3K $24.57/SF
− OpEx
−$36.1K −$9.21/SF
NOI
$60.2K $15.36/SF
Area
Riverview, FL
Vacancy
9.00%
Lease Rate
$27.00 /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%
$1,203,940
Cap Rate 7%
$859,957
Cap Rate 9%
$668,856
Alternative Uses
Best Use
Mixed Use
$860.0K
$752.5K – $1.00M
NOI $60,197 @ 7.0% cap · market cap 4.01%
Second Best
Office B
$829.1K
$725.5K – $967.3K
NOI $58,036 @ 7.0% cap · market cap 3.87%
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
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Masonry commercial building with flexible rooms, customer reception, kitchen, rear access, and paved on-site parking.
Where is this mixed-use property located?
The property is located at 10517 Riverview Drive Riverview, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Nearly 4,500 total sq ft masonry building on a fenced 0.7 acre MOL parcel; RDD‑DT1 zoning; Loading dock with rear ramp access
