Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Highway Frontage Commercial Land Title is generated by Realmo AI

    11769 S 301 Highway, Riverview, FL 33578

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    8.6 acres of commercial land with highway frontage.

    Type:Land
    Lot size:
    8.60 Acres
    Added:
    Jun 23, 2020
    Days on Market:
    2174
    Last Refresh:
    May 19 at 8:53 pm

    Property Features for 11769 S 301 Highway

    General Information

    Standard status
    Active
    Lot size
    8.60 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Marty Domres

    Listing agent Marty Domres License #BK528296

    Listing office Domres Real Estate Investments Inc.

    Listing date Jun 23, 2020

    Source Crexi

    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 Domres Real Estate Investments Inc.

    HighLights

    • Highway frontage with 1000 front feet on Hwy 301
    • 8.6 acres rezoned to commercial (PD) Planned Development zoning district
    • Qualifies for the LIVE LOCAL ACT
    • Water and sewer are available
    • Multiple development options: BPO, Residential Care, or Mini Warehouse
    • Three access points on US Hwy 301

    Overview

    This 8.6-acre property, rezoned to a commercial (PD) Planned Development zoning district, features highway frontage and offers multiple potential uses. Water and sewer services are available. The property qualifies for the LIVE LOCAL ACT and includes 1000 front feet on Highway 301. It has three access points on US Hwy 301. Potential development options include 75,000 square feet of BPO uses, with restrictions allowing up to 50,000 square feet of Commercial General uses. Alternatively, the site can accommodate a 258-bed Community Residential Home or a Nursing, Convalescent and Extended Care Facility. Another option allows for up to 150,000 square feet of mini warehouse storage.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Riverview
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3299
    Latitude
    27.8796

    Nearby Similar for Sale

    • $1,499,000
      3,920 SF

      Versatile Mixed-Use Building, Riverview, FL

      Adaptable mixed-use building in a growing Riverview location.
      10517 RIVERVIEW DRIVE, RIVERVIEW, FL 33578
      View Details
    • $495,000
      1,600 SF

      Riverview Commercial Property For Sale

      Versatile commercial property in Riverview with office and warehouse space.
      10708 DESOTO Rd, Riverview, FL 33578
      View Details
    • $680,000
      975 SF

      Prime Highway Frontage Land

      Redevelopment opportunity with high visibility and flexible potential.
      10912 672 HIGHWAY, RIVERVIEW, FL 33579
      View Details
    • $1,499,000
      4,500 SF

      Versatile Building in Growing Riverview

      4,500 sq ft building on .7 acre lot for sale.
      10517 RIVERVIEW Dr, Riverview, FL 33578
      View Details
    • $850,000

      Riverview Land with Development Potential

      3.14 acres in North Riverview, ideal for residential development.
      5614 WATSON ROAD, RIVERVIEW, FL 33578
      View Details
    • $887,000

      Picturesque Land with Development Potential

      Six acres of land with endless possibilities in Riverview, Florida.
      10904 HACKNEY DRIVE, RIVERVIEW, FL 33578
      View Details
    • $350,000

      Alafia River Waterfront Homesite

      Rare 1.12-acre waterfront property with dock potential and no HOA.
      RIVERVIEW DRIVE, RIVERVIEW, FL 33578
      View Details
    • $145,000

      Lakefront Residential Homesite

      Waterfront homesite in Shadow Run with lake views, mature setting, and RSC-2 zoning for a custom residence.
      LAKE HILLS DRIVE, RIVERVIEW, FL 33569
      View Details
    • $1,525,000
      1,524 SF

      Multi-Unit Property with Warehouse Space

      Income-producing property featuring multiple residences and warehouse on 5 acres.
      11205 MCMULLEN ROAD, RIVERVIEW, FL 33569
      View Details
    • $199,000

      RIVERVIEW Land Near US 301

      0.69-acre lot near US 301, ideal for future growth.
      6227 KRYCUL AVENUE, RIVERVIEW, FL 33578
      View Details
    • $150,000

      Turnkey Bakery Business Opportunity

      Fully operational bakery business with strong revenue growth in Riverview.
      11266 BOYETTE ROADS, RIVERVIEW, FL 33569
      View Details
    • $169,000

      Residential Land with RV Hookups

      Over an acre in Riverview with a well, electric service, and six 30/50-amp RV hookup stations on site.
      12111 Fred Drive, Riverview, FL 33578
      View Details

    FAQs

    What type of property is this?
    Commercial land - 8.6 acres of commercial land with highway frontage.
    Where is this commercial land located?
    The property is located at 11769 S 301 Highway Riverview, FL.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: Highway frontage with **1000 front feet on Hwy 301**; 8.6 acres rezoned to commercial (PD) Planned Development zoning district; Qualifies for the LIVE LOCAL ACT
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Marty Domres
    Real Estate License ID: BK528296
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11769 S 301 Highway, Riverview, FL 33578
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!