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    3905 Crescent Park Dr Riverview, FL 33578
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    3905 Crescent Park Dr, Riverview, FL 33578

    View on Map
    • Warehouses
    • 82,790 SF
    • 4.74 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Stantec / Engineering Consultant
    • Crescent Park / Park

    Property Details for 3905 Crescent Park Dr

    Lot size
    4.74 lot acres
    Property type
    Warehouses
    Property subtype
    Refrigerated & Cold Storage

    Description

    This exceptional Riverview, FL property offers 16,394 square feet of immediately available space within a well-maintained, freestanding warehouse building. Situated in a premier business park off Falkenburg Road and US 301, this location boasts convenient access and impressive corporate neighbors including USAA, Progressive Insurance, and Spectrum. The property comprises two buildings totaling 82,790 square feet across 4.74 acres (206,474 square feet) of land. The available space is part of a multi-tenant building with a total of two suites. Ample parking is provided with 299 spaces, offering a generous 5.55 spaces per 1,000 square feet. The property is zoned IPD-3 and features a variety of potential uses, including traditional office, executive office, creative office, refrigerated/cold storage, manufacturing, flex space, warehouse, distribution, and R&D. Property taxes are $3.28 per square foot. While elevators are not present, the property's layout and ample parking make it highly functional and accessible. This is a rare opportunity to secure a significant space in a desirable location with strong corporate presence. The property's versatile zoning and substantial size make it ideal for a variety of businesses seeking a prominent Riverview address.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Riverview
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.345
    Latitude
    27.9129

    Comparable in this City

    • Value Estimation by Request
      75,236 SF

      6455 Falkenburg Rd

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      6455 Falkenburg Rd, Riverview, FL 33578
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      54,400 SF

      6555 Pelican Creek Cir

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      6555 Pelican Creek Cir, Riverview, FL 33578
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    • Value Estimation by Request
      10,419 SF

      10611 Symmes Rd

      COLD STORAGE
      10611 Symmes Rd, Riverview, FL 33578-6112
      View Details
    • Value Estimation
      $9,530,000
      138,100 SF

      6473 Falkenburg Rd

      DISTRIBUTION WAREHOUSE
      6473 Falkenburg Rd, Riverview, FL 33578-8696
      View Details
    • Value Estimation
      $13,140,000
      187,065 SF

      6421 Falkenburg Rd

      DISTRIBUTION WAREHOUSE
      6421 Falkenburg Rd, Riverview, FL 33578-8696
      View Details
    • Value Estimation
      $12,460,000
      171,062 SF

      6461 Falkenburg Rd

      DISTRIBUTION WAREHOUSE
      6461 Falkenburg Rd, Riverview, FL 33578-8696
      View Details

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      Riverview Commercial Property For Sale

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      Versatile Mixed-Use Building, Riverview, FL

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      Riverview Mixed-Use Office/IOS Asset

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      Riverview Office Space For Sale

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      9,144 SF

      Flex Office/Warehouse in Riverview, FL

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      Upscale Office/Warehouse Environment

      Prestigious business park in East Tampa submarket.
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      75,236 SF

      East Tampa Warehouse Space Available

      Class A industrial space in East Tampa submarket for lease.
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      72,518 SF

      Falkenburg Road Warehouse Space

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      6425 South Falkenburg Rd, Riverview, FL 33578
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      72,518 SF

      Riverview Warehouse with Rear-Load Design

      72,158 SF warehouse featuring rear-load and modern amenities.
      6421-6429 S Falkenburg Rd, Riverview, FL 33578
      View Details
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    Riverview, FL 33578
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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