Two-Building Restaurant
For Sale
$1,600,000
8001 Us Highway 301 S, Riverview, FL 33578
Two occupied buildings sit on a signalized corner with separate addresses and on-site parking.
Property Size4,181 SF
Price / SF$382.68
Days on Market220
Property Features for 8001 Us Highway 301 S
General Information
Standard status
Active
Size
4,181 SF
Occupancy
100%
Additional Details
Traffic Count
60,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$9,018
Building Details
Buildings
2
Listing Agency:
melange real estate inc
(813) 303-0005
Listed By:
Jade Davis
(813) 303-0005
Source:
Exprealty
Added: Jan 22
Changed: Aug 29
Last Checked: Aug 29 at 1:32PM
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 melange real estate inc
Investment Insights
Based on property information with market context.
This commercial property includes two separate buildings serving distinct occupancies. The approximately 2,400-square-foot front building most recently operated as a restaurant and has a newer roof. The approximately 1,800-square-foot rear building is currently used by a religious organization. Both structures are occupied, and each has its own address.
The property is positioned on a busy corner with a traffic signal and reported daily traffic of 50,000–60,000 vehicles. Approximately 30 parking spaces are available, depending on the arrangement. The combination of restaurant-oriented improvements, a second occupied building, separate addresses, and prominent corner exposure creates a flexible commercial configuration.
The property is positioned on a busy corner with a traffic signal and reported daily traffic of 50,000–60,000 vehicles. Approximately 30 parking spaces are available, depending on the arrangement. The combination of restaurant-oriented improvements, a second occupied building, separate addresses, and prominent corner exposure creates a flexible commercial configuration.
Key Highlights
- Two separate occupied commercial buildings with distinct addresses
- Front building is approximately 2,400 sq ft and most recently operated as a restaurant
- Rear building is around 1,800 sq ft and currently used by a religious organization
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
$62,229
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
3.89%
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%
$1,244,580
$1.2M
Cap Rate 7%
$888,986
$889.0K
Cap Rate 9%
$691,433
$691.4K
Market Conditions
NOI Build-Up for 4,181 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
$87.8K $21.00/SF
− Vacancy
−$4.8K −$1.16/SF
EGI
$83.0K $19.85/SF
− OpEx
−$20.7K −$4.96/SF
NOI
$62.2K $14.88/SF
Area
Riverview, FL
Vacancy
5.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,244,580
Cap Rate 7%
$888,986
Cap Rate 9%
$691,433
Alternative Uses
Best Use
Specialty Retail
$889.0K
$777.9K – $1.04M
NOI $62,229 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,275 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
60,000 VPD
Traffic count
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
499
Businesses Nearby
120k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Groceries 20%
Dining 11%
Home Improvements & Furnishings 1%
RaceTrac
Shops & Services
25,200 visits/mo
0.0 miles
Aldi
Groceries
23,742 visits/mo
0.5 miles
Dollar Tree
Shops & Services
19,993 visits/mo
0.5 miles
KFC
Dining
8,561 visits/mo
0.5 miles
Shell
Shops & Services
7,438 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two occupied buildings sit on a signalized corner with separate addresses and on-site parking.
Where is this conventional restaurant located?
The property is located at 8001 Us Highway 301 S Riverview, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two separate occupied commercial buildings with distinct addresses; Front building is approximately 2,400 sq ft and most recently operated as a restaurant; Rear building is around 1,800 sq ft and currently used by a religious organization
