Remodeled Retail Shopping
For Sale
$1,900,000
7408 Commerce Street, Riverview, FL 33578
The property has RDD-DT1 zoning, refreshed interiors, and a new roof.
Property Size9,139 SF
Price / SF$231.93
Days on Market13
Property Features for 7408 Commerce Street
General Information
Standard status
Active
Size
9,139 SF
Zoning
RDD-DT1
Occupancy
50%
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$15,007
Amenities
true
1
Public Records
Public
26800
0.62
false
Paved
Slab
City Street
9139
Building Details
Building Size
9,139 SF
Year Built
1972
Year Renovated
2026
Stories
1
Tenancy
Multi
Listing Agency:
(352) 624-0935
Listed By:
Deane Aldhizer
Source:
Homerunrealtyteam
Added: Oct 20
Changed: Oct 31
Last Checked: Oct 31 at 4:13AM
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 Deane Aldhizer
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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 8,192-square-foot retail center at 7408 Commerce Street in Riverview, Florida, has remodeled interiors and a new roof, both dated 2026. The property is zoned RDD-DT1. New tenants are in place, and the center is described as partly occupied while additional leasing is underway.
The center is situated in Riverview, where the property information notes surrounding residential and commercial development. It is on Commerce Street, identified as a city street in the property details.
The center is situated in Riverview, where the property information notes surrounding residential and commercial development. It is on Commerce Street, identified as a city street in the property details.
Key Highlights
- 8,192‑square‑foot retail center
- RDD‑DT1 zoning
- Remodeled interiors (2026)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,983
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,039,660
$2.0M
Cap Rate 7%
$1,456,900
$1.5M
Cap Rate 9%
$1,133,144
$1.1M
Market Conditions
NOI Build-Up for 8,192 SF
Gross rent
$155.3K $18.96/SF
− Vacancy
−$9.6K −$1.18/SF
EGI
$145.7K $17.78/SF
− OpEx
−$43.7K −$5.34/SF
NOI
$102.0K $12.45/SF
Area
Riverview, FL
Vacancy
6.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,039,660
Cap Rate 7%
$1,456,900
Cap Rate 9%
$1,133,144
Alternative Uses
Best Use
Retail
$1.46M
$1.27M – $1.70M
NOI $101,983 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.55M
$2.24M – $2.98M
NOI $178,839 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
50%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
103k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Groceries 25%
Dining 8%
Home Improvements & Furnishings 1%
Winn-Dixie
Groceries
25,703 visits/mo
0.4 miles
RaceTrac
Shops & Services
25,200 visits/mo
0.2 miles
Dollar Tree
Shops & Services
19,993 visits/mo
0.4 miles
KFC
Dining
8,561 visits/mo
0.3 miles
Dollar General
Shops & Services
4,935 visits/mo
0.1 miles
Demographics for 33578, FL
58,854
Population
25,850
Households
2.3
Avg Household Size
35
Median Age
37%
College-Educated
94%
High-School Grad
20.4 sq mi
ZIP Area
2,885
Density / Sq Mi
$80,223
Median Household Income
$46,967
Median Earnings
$1,766
Median Rent
$298,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Lake St. Charles — 6913 US-301, Riverview, FL 33578
- Coinstar Kiosk | Bitcoin ATM — Winn Dixie - South, 6929 US-301, Riverview, FL 33569
Frequently Asked Questions
What type of property is this?
Shopping center - The property has RDD-DT1 zoning, refreshed interiors, and a new roof.
Where is this shopping center located?
The property is located at 7408 Commerce Street Riverview, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 8,192‑square‑foot retail center; RDD‑DT1 zoning; Remodeled interiors (2026)
