Building Details

Year Built 1985

Listing Agency: KELLER WILLIAMS SOUTH SHORE

Listed By: Cathy Griggs · License #3086739 Show Phone

Source: Livewelltampabay

Added: Aug 17 Changed: Oct 16 Last Checked: Oct 7 at 4:04PM

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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 SOUTH SHORE

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Investment Insights

Based on property information with market context.

This mixed-use property contains 3,597 square feet across two buildings on an almost quarter-acre parcel. The larger structure is two stories, with commercial office and warehouse storage areas on the ground level. Multiple reception areas, bathrooms, and entrances support the existing office configuration. Upstairs, a 2-bedroom, 2-bath apartment includes a new AC system installed in 2026 and luxury vinyl plank flooring.

The second building provides additional commercial space with a lobby, tile flooring throughout, a full bathroom with shower stall, and several work areas. The property carries mixed-use zoning and is located off West Shell Point Road in Ruskin, near US-41 and a few miles from I-75.

Key Highlights

• 3,597 SF across two buildings on an almost quarter‑acre parcel
• Mixed‑use zoning with office, warehouse, and residential components
• Larger building includes a 2‑bedroom, 2‑bath upstairs apartment

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,273

Cap Rate

6.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$485,460 $485.5K

Cap Rate 7%

$346,757 $346.8K

Cap Rate 9%

$269,700 $269.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,597 SF

Gross rent

$39.7K $11.04/SF

− Vacancy

−$7.3K −$2.04/SF

EGI

$32.4K $9.00/SF

− OpEx

−$8.1K −$2.25/SF

NOI

$24.3K $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%

$485,460

Cap Rate 7%

$346,757

Cap Rate 9%

$269,700

Alternative Uses

Best Use

Mixed Use

$638.2K

$558.4K – $744.6K (±1% cap)

NOI $44,675 @ 7.0% cap · market cap 11.79%

Second Best

Warehouse

$544.8K

$476.7K – $635.7K (±1% cap)

NOI $38,139 @ 7.0% cap · market cap 10.06%

Theoretical Best

Office A

$1.04M

$911.5K – $1.22M (±1% cap)

NOI $72,920 @ 7.0% cap · market cap 19.24%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Deidre Deany Alternative Medicine Practice

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Carpet & Flooring Store Catering Service Bakery Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

530

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Mixed-use zoning combines office, warehouse, and residential components across two separate buildings.

Where is this mixed-use property located?

The property is located at 110 W Shell Point Rd Ruskin, FL.

What is the asking price?

The asking price for this property is $379,000.

What are key features of this property?

This property features: 3,597 SF across two buildings on an almost quarter‑acre parcel; Mixed‑use zoning with office, warehouse, and residential components; Larger building includes a 2‑bedroom, 2‑bath upstairs apartment