Industrial Building with Fenced
For Sale
Contact for pricing
6508 S 78th St, Riverview, FL
25,690 SF industrial building on 3.4 acres.
Property Size25,690 SF
Lot Size4.63 Acres
Price / SF$175.16
Days on Market534
Property Features for 6508 S 78th St
General Information
Standard status
Active
Size
25,690 SF
Lot size
4.63 Acres
Property subtype
INDUSTRIAL
Listing Agency:
William D. Besselieu
(813) 263-5854
Listed By:
William D Besselieu
(813) 263-5854
Source:
Moodyscre
Added: Mar 14, 2025
Changed: Jul 6
Last Checked: Aug 29 at 10:13AM
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 William D. Besselieu
Investment Insights
Based on property information with market context.
This free-standing, grade-level industrial building offers ample outside storage on two parcels totaling 3.4 acres. Located in the Palm River/Riverview submarket, the property provides convenient access to US 41, US 301, and Interstate 75. Zoned for manufacturing, the fenced yard allows for diverse uses. The building features multiple loading options, including roll-up doors on all sides and a covered loading well with a door on the north side. The 25,690 square foot building includes approximately 10% office space. Built in 1988, the metal construction has clear heights of 19 feet at the eaves. There are six grade-level doors, including a front door measuring 14 feet high by 16 feet wide and a back door measuring 12 feet high by 14 feet wide. The property is equipped with 3-phase power and county water and septic utilities. The current flood zone is Zone AE. The property is suitable for manufacturing, warehouse distribution, and assembly uses. The location is a short drive to Port Tampa Bay’s Port Sutton along US 41/50th St. The property includes a good-sized fenced yard for outside storage and multiple dock doors. Taxes for 2024 were $32,527. The seller requires 6 months to relocate.
Key Highlights
- Large 3.4‑acre fenced yard offering multiple use possibilities and ample outside storage.
- 25,690 SF industrial building with flexible space suitable for manufacturing, warehouse distribution, and assembly.
- Strategic location in the Palm River/Riverview submarket with good access to major highways and Port Tampa Bay.
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
$264,485
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
5.88%
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%
$5,289,700
$5.3M
Cap Rate 7%
$3,778,357
$3.8M
Cap Rate 9%
$2,938,722
$2.9M
Market Conditions
NOI Build-Up for 25,690 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
$336.0K $13.08/SF
− Vacancy
−$24.9K −$0.97/SF
EGI
$311.2K $12.11/SF
− OpEx
−$46.7K −$1.82/SF
NOI
$264.5K $10.30/SF
Area
Riverview, FL
Vacancy
7.40%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
15.00%
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%
$5,289,700
Cap Rate 7%
$3,778,357
Cap Rate 9%
$2,938,722
Alternative Uses
Best Use
Warehouse
$3.78M
$3.31M – $4.41M
NOI $264,485 @ 7.0% cap · market cap 5.88%
Second Best
Industrial
$3.11M
$2.72M – $3.63M
NOI $217,812 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$8.01M
$7.01M – $9.35M
NOI $560,838 @ 7.0% cap · market cap 12.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 25,690 SF industrial building on 3.4 acres.
Where is this manufacturing property located?
The property is located at 6508 S 78th St Riverview, FL.
What is the asking price?
The asking price for this property is $4,499,900.
What are key features of this property?
This property features: Large 3.4‑acre fenced yard offering multiple use possibilities and ample outside storage.; 25,690 SF industrial building with flexible space suitable for manufacturing, warehouse distribution, and assembly.; Strategic location in the Palm River/Riverview submarket with good access to major highways and Port Tampa Bay.
