Mixed-Use Property with
For Sale
$1,150,000
1503 SW 7TH SW STREET, Ruskin, FL 33570
Four rental cottages accompany a commercial warehouse with additional space for future buildings or storage.
Property Size5,000 SF
Price / SF$166.57
Days on Market580
Property Features for 1503 SW 7TH SW STREET
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x studio (360 sq ft), 1 x 1BR/1BA (504 sq ft), 1 x 1BR/1BA (680 sq ft)
Multifamily Units
4
Additional Details
Warehouse Space
5,000 SF
Taxes and HOA fees
Annual Taxes
$8,065
Building Details
Year Built
1982
Buildings
5
Building Size
5,000 SF
Listing Agency:
LOTUS REAL ESTATE LLC
(954) 393-3781
Listed By:
Pawan Agarwal · License #3519498
(813) 449-1556
Source:
Exitrealty
Added: Jan 30, 2025
Changed: Sep 2
Last Checked: Sep 1 at 6:35PM
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 LOTUS REAL ESTATE LLC
Investment Insights
Based on property information with market context.
This mixed-use property combines four rental cottages with a 5,000-square-foot commercial warehouse and additional space for buildings or storage. The cottages include two studio units and two one-bedroom, one-bath units; one of the one-bedroom cottages was converted from a two-bedroom layout. The property was built in 1982 and totals 6,904 square feet.
The buildings occupy a corner lot along S US Highway 41 with access to major roads and parking in front of the improvements. The property is located at 1503 SW 7TH SW STREET in Ruskin, Florida, and must be purchased together with TB8344754.
The buildings occupy a corner lot along S US Highway 41 with access to major roads and parking in front of the improvements. The property is located at 1503 SW 7TH SW STREET in Ruskin, Florida, and must be purchased together with TB8344754.
Key Highlights
- 5,000‑square‑foot commercial warehouse
- Four rental cottages: two studios and two 1 Bed/1 Bath units
- 6,904‑square‑foot property built in 1982
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
$85,748
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
7.46%
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%
$1,714,960
$1.7M
Cap Rate 7%
$1,224,971
$1.2M
Cap Rate 9%
$952,756
$952.8K
Market Conditions
NOI Build-Up for 6,904 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
$149.1K $21.60/SF
− Vacancy
−$11.9K −$1.73/SF
EGI
$137.2K $19.87/SF
− OpEx
−$51.4K −$7.45/SF
NOI
$85.7K $12.42/SF
Area
Hillsborough County, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$1,714,960
Cap Rate 7%
$1,224,971
Cap Rate 9%
$952,756
Alternative Uses
Best Use
Mixed Use
$1.22M
$1.07M – $1.43M
NOI $85,748 @ 7.0% cap · market cap 7.46%
Second Best
Warehouse
$1.05M
$915.0K – $1.22M
NOI $73,202 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,961 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
215
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four rental cottages accompany a commercial warehouse with additional space for future buildings or storage.
Where is this mixed-use property located?
The property is located at 1503 SW 7TH SW STREET Ruskin, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 5,000‑square‑foot commercial warehouse; Four rental cottages: two studios and two 1 Bed/1 Bath units; 6,904‑square‑foot property built in 1982
