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Versatile Building in Growing Riverview

10517 RIVERVIEW Dr Riverview, FL 33578

10517 RIVERVIEW Dr, Riverview, FL, 33578
$1,499,000
For Sale
Claim this Listing
$1,499,000

4,500 sq ft building on .7 acre lot for sale.

Property Size4,500 SF
Lot Size0.70 Acres
Price / SF$333.11
AddedApr 24
Days on Market83
Last RefreshJul 13 at 3:11 am

Property Features for 10517 RIVERVIEW Dr

General Information

Standard status
Active
Size
4,500 SF
Lot size
0.70 Acres
Property subtype
Commercial

Building Details

Year Built
1967

Listing office RE/MAX REALTY UNLIMITED

Listing date Apr 24, 2026

Source Elliman

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 versatile masonry building, totaling nearly 4,500 square feet, is situated on a fenced 0.7-acre lot in Riverview, Florida. The property fronts Riverview Drive, just west of US 301, in a busy and growing area. It features a large, fully paved asphalt skirt around the building, providing ample parking. The location offers great frontage and visibility along a primary connector between 301 and US 41, facilitating commutes to Tampa and surrounding areas. The building is well-suited for multiple uses, featuring several large rooms, three bathrooms, a kitchen, and a reception area. It has most recently been used as a main office for a services contractor and a day school. Gated access alongside the building leads to the rear, which includes open storage. A loading dock with ramp access is located at the rear of the building. The property has 250 amp service. The bike score is 52, indicating it is bikeable, and the walk score is 48, suggesting car-dependent accessibility.

Key Highlights

  • Prime location on Riverview Drive with high visibility and frontage, connecting US 301 and US 41 for easy commutes to Tampa.
  • Large, versatile 4,500 sq ft masonry building suitable for multiple uses (office, school, etc.).
  • Fully paved asphalt skirt and fenced .7 acre lot with ample parking and gated access to the rear.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $101.5k $22.56
− Vacancy −$12.7k −$2.82
EGI $88.8k $19.74
− OpEx −$22.2k −$4.94
NOI $66.6k $14.81
4,500 SF · lease $22.56/SF/yr · vacancy 12.50% · expense 25.00%

Alternative Uses

Best Use
Office B
$951.8K
$832.8K – $1.11M (±1% cap)
NOI $66,623 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M (±1% cap)
NOI $98,239 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Hawkins Service Company HVAC Service

Suggested Use

Real Estate Agency Law Firm Spa & Massage Center Parking Lot & Garage (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Computer & Electronic Repair Electrical Service Carpet & Flooring Store Plumbing Service

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

FAQs

What type of property is this?
Office building - 4,500 sq ft building on .7 acre lot for sale.
Where is this office building located?
The property is located at 10517 RIVERVIEW Dr Riverview, FL.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Prime location on Riverview Drive with high visibility and frontage, connecting US 301 and US 41 for easy commutes to Tampa.; Large, versatile 4,500 sq ft masonry building suitable for multiple uses (office, school, etc.).; Fully paved asphalt skirt and fenced .7 acre lot with ample parking and gated access to the rear.
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