Retail Shopping Center with New
For Sale
$1,900,000
7408 COMMERCE STREET, Riverview, FL 33578
Remodeled interiors and incoming tenants shape the center’s current configuration.
Property Size9,139 SF
Price / SF$207.90
Days on Market25
Property Features for 7408 COMMERCE STREET
General Information
Standard status
Active
Size
9,139 SF
Property subtype
Retail
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1972
Tenancy
Multi
Listing Agency:
SELLSTATE COASTAL REALTY
(813) 940-0101
Listed By:
Taylor Cresswell · License #3488121
(813) 542-1224
Source:
Growers-realestate
Added: Oct 8
Changed: Oct 28
Last Checked: Nov 1 at 2:16AM
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 SELLSTATE COASTAL REALTY
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Investment Insights
Based on property information with market context.
Commerce Street Plaza is a 9,139-square-foot retail shopping center built in 1972. Interior remodeling and roof replacement are both dated 2026. New tenants are being placed following the departure of prior occupants, and the property is reported as half occupied by new tenants.
The center is located in Riverview, Florida, in an area described as having established businesses and residential and commercial development. The property also has access to major transportation routes.
The center is located in Riverview, Florida, in an area described as having established businesses and residential and commercial development. The property also has access to major transportation routes.
Key Highlights
- 9,139‑square‑foot retail shopping center
- Built in 1972
- Remodeled interiors dated 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,773
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,275,460
$2.3M
Cap Rate 7%
$1,625,329
$1.6M
Cap Rate 9%
$1,264,144
$1.3M
Market Conditions
NOI Build-Up for 9,139 SF
Gross rent
$173.3K $18.96/SF
− Vacancy
−$10.7K −$1.18/SF
EGI
$162.5K $17.78/SF
− OpEx
−$48.8K −$5.34/SF
NOI
$113.8K $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%
$2,275,460
Cap Rate 7%
$1,625,329
Cap Rate 9%
$1,264,144
Alternative Uses
Best Use
Retail
$1.63M
$1.42M – $1.90M
NOI $113,773 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.85M
$2.49M – $3.33M
NOI $199,513 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
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
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Remodeled interiors and incoming tenants shape the center’s current configuration.
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: 9,139‑square‑foot retail shopping center; Built in 1972; Remodeled interiors dated 2026
