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    10605 Lithia Pinecrest Rd Lithia, FL 33547

    Sponsored
    For Sale
    $1,250,000

    RV Park, Warehouse, High NOI

    Property size:
    6,182 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity in Lithia, Florida, presents a unique blend of commercial and residential real estate. The property encompasses 4.91 acres and features a Class B, 6,182 square foot building complex, including a 3,022 square foot warehouse currently under a three-year lease with a 10% annual rent increase, and a 3,150 square foot house. The property also includes an eight-pad RV park with four park-owned mobile homes, currently operating at 98% occupancy. The warehouse tenant also leases one RV pad. The remaining tenants are on month-to-month leases. The property boasts a strong net operating income (NOI) of $78,198, representing a 6.26% capitalization rate. The asking price is $1,250,000, with seller financing considered for qualified buyers with a 30-40% down payment. Built in 1987, this single-story property offers a diverse income stream and significant potential for future growth. The property's location in Hillsborough County, Florida, provides easy access to major transportation routes and amenities. This is a fee-simple ownership opportunity with a proven track record of profitability. The property includes two buildings and generates a gross revenue of $102,228 (2024 projection). One RV space is currently vacant. The property's APN is U 22 30 22 ZZZ 000005 21980.0.

    Property Features for 10605 Lithia Pinecrest Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,182 SF
    Class
    B
    Lot Size
    213,880 SF

    Building Details

    Year Built
    1987
    Buildings
    2
    Stories
    1
    Units
    4

    HighLights

    • Seller financing available.
    • $1,250,000 asking price.
    • 6.26% cap rate.
    • 98% occupancy.
    • $78,198 NOI.
    • 4.91‑acre lot with two buildings totaling 6,182 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grant's Inc Industrial ... Industrial Equipment Supplier

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Department Store Kitchen & Bath Garden Center Discount Store Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lithia
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.0936275
    Latitude
    27.8516609

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    FAQs

    What type of property is this?
    Multifamily property - RV Park, Warehouse, High NOI
    Where is this multifamily property located?
    The property is located at 10605 Lithia Pinecrest Rd Lithia, FL.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Seller financing available.; $1,250,000 asking price.; 6.26% cap rate.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10605 Lithia Pinecrest Rd Lithia, FL 33547
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