Waterfront Small-Bay
1508 River Dr SW, Ruskin, FL 33570
For Sale
$2,700,000
Dock-high and grade-level loading support varied warehouse operations.
Property Size21,275 SF
Price / SF$131.07
Days on Market48
Property Features for 1508 River Dr SW
General Information
Standard status
Size
Property subtype
Additional Details
Cap Rate
Amenities
Value-Add Investment Opportunity: Below market rents with short-term lease structure provides investors with the ability to quickly reposition tenancy and increase cash flow.
Rare Submerged Land Lease: Site has an existing submerged land lease until 2034, providing over 375' of access to Little Manatee River.
Potential Long-term Land Play: Capitalize on waterfront location and flexible PD zoning and future land use in a growing metro area.
Building Details
Building Size
Year Built
Listing Agency:
Tampa Office
Listed By:
Gabe Paterson
(813) 387-4823
Source:
Marcusmillichap
Added: Sep 26
Changed: Nov 7
Last Checked: Nov 12 at 4:16AM
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 Tampa Office
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This waterfront warehouse property in Ruskin, Florida, has a small-bay layout with both dock-high and grade-level loading. The building dates to 1954, and the property has existing income.
Located at 1508 River Dr SW, the site combines warehouse space with a waterfront setting.
Located at 1508 River Dr SW, the site combines warehouse space with a waterfront setting.
Key Highlights
- Waterfront warehouse property in Ruskin, Florida
- Small‑bay warehouse layout
- Dock‑high and grade‑level loading
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$230,922
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,618,440
$4.6M
Cap Rate 7%
$3,298,886
$3.3M
Cap Rate 9%
$2,565,800
$2.6M
Market Conditions
NOI Build-Up for 20,600 SF
Gross rent
$288.4K $14.00/SF
− Vacancy
−$16.7K −$0.81/SF
EGI
$271.7K $13.19/SF
− OpEx
−$40.8K −$1.98/SF
NOI
$230.9K $11.21/SF
Area
Hillsborough County, FL
Vacancy
5.80%
Lease Rate
$14.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,618,440
Cap Rate 7%
$3,298,886
Cap Rate 9%
$2,565,800
Alternative Uses
Best Use
Warehouse
$3.30M
$2.89M – $3.85M
NOI $230,922 @ 7.0% cap · market cap 8.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.97M
$5.22M – $6.96M
NOI $417,614 @ 7.0% cap · market cap 15.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Under-served
Demand for This Use
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
$255,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Hillsborough County, FL
Properties on Market for Warehouses in Hillsborough County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Dock-high and grade-level loading support varied warehouse operations.
Where is this warehouse located?
The property is located at 1508 River Dr SW Ruskin, FL.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Waterfront warehouse property in Ruskin, Florida; Small‑bay warehouse layout; Dock‑high and grade‑level loading
