Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6421-6429 S Falkenburg Rd Riverview, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    72,158 SF warehouse featuring rear-load and modern amenities.

    Type:INDUSTRIAL
    Property size:
    72,518 SF
    Lot size:
    14.05 Acres
    Added:
    Aug 3, 2023
    Days on Market:
    1000
    Last Refresh:
    Apr 5 at 9:54 pm

    Property Features for 6421-6429 S Falkenburg Rd

    General Information

    Standard status
    Active
    Size
    72,518 SF
    Lot size
    14.05 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 6421-6429 S Falkenburg Rd Contact us

    We can help!

    Listing Contact
    Kris Courier

    Listing agent Kris Courier

    Listing office CBRE | Tampa

    Listing date Aug 3, 2023

    Source Moodyscre

    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 CBRE | Tampa

    Overview

    Riverview Warehouse with Rear-Load Design

    This 72,158 square foot warehouse, located in Riverview, Florida, offers 7,820 square feet of office space in addition to a 260 square foot dispatch office. The property features a rear-load configuration with 20 dock-high doors, each measuring 9 feet by 10 feet and equipped with 35,000 LB dock levelers, dock fans, and lights. A single ramp provides additional access. The warehouse is equipped with an ESFR sprinkler system and seven HVLS fans. The interior layout includes 54-foot by 55-foot column spacing with a 60-foot speed bay, and a 6-inch concrete slab. The property includes car charging stations. Electrical capacity is 200A, 480V, 3-phase power. LED high bay lights with motion sensors illuminate the warehouse, which has a 30-foot clear height.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Riverview
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3626
    Latitude
    27.888

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      FL, Riverview - Crescent Park

      3905 Crescent Park Dr, Unit 1ST, Riverview, FL 33578
      View Details
    • $21,600 SF/Yr

      Updated Commercial Space For Rent

      Move-in ready commercial space suitable for office or retail use.
      7410 COMMERCE St 101, Riverview, FL 33578
      View Details
    • Contact for pricing

      East Tampa Warehouse Space Available

      Class A industrial space in East Tampa submarket for lease.
      6455 South Falkenburg Road, Riverview, FL, 33578
      View Details
    • Contact for pricing

      Riverview Flex Space Available

      10,013 SF climate-controlled flex space in a prime location.
      2926 South Falkenburg Road, Riverview, FL 33578
      View Details
    • Contact for pricing

      Updated Commercial Space For Rent

      Move-in ready 600 sq ft commercial space for office/retail use.
      7410 Commerce Street, Unit 101, Riverview, FL 33578
      View Details
    • $34 SF/Yr

      Medical Office Space Available

      Well-appointed medical office space with operating room.
      10420-10422 US Hwy 301, Riverview, FL
      View Details
    • Contact for pricing

      Riverview Warehouse Space For Lease

      88,896 SF warehouse with 32' clear height available for lease.
      4030 Crescent Park Drive, Riverview, FL, 33578
      View Details
    • Contact for pricing

      East Tampa Warehouse Space Available

      32,129 SF Class A warehouse space for lease.
      6555 Pelican Creek Circle, Riverview, FL, 33578
      View Details
    • Contact for pricing

      Riverview Warehouse with Dock-High Doors

      49,840 SF warehouse space available for sublease in Riverview.
      6333 Pelican Creek Circle, Riverview, FL 33578
      View Details
    • Contact for pricing

      East Tampa Business Center Space

      Class A commercial space in East Tampa submarket.
      6459 South Falkenburg Road, Riverview, FL, 33578
      View Details
    • Contact for pricing

      Retail Building on US 301

      Retail space with high traffic and excellent frontage available for rent.
      8203 US Hwy 301, Riverview, FL
      View Details
    • Contact for pricing

      Retail Space in Riverview, FL

      Retail space available in a Publix-anchored shopping center.
      11637-11695 Boyette Rd, Riverview, FL
      View Details

    FAQs

    What type of property is this?
    Warehouse - 72,158 SF warehouse featuring rear-load and modern amenities.
    Where is this warehouse located?
    The property is located at 6421-6429 S Falkenburg Rd Riverview, FL.
    What are key features of this property?
    This property features: Large 72,158 SF rear‑load warehouse space; 20 dock‑high doors with levelers, fans, and lights for efficient loading/unloading; 30' clear height suitable for various storage and operational needs
    (813) 273-8442 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kris Courier
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!