10011 Water Works Ln, Riverview, FL 33578-5304
This exceptional Riverview, FL office complex presents a compelling investment opportunity. The property encompasses four freestanding buildings, each featuring four units, totaling 18,000 square feet of rentable space on a 2.7-acre lot. The property boasts 106 parking spaces and a total footprint of 20,182 square feet, including walkways and overhangs. Recent capital improvements include 16 new hot water heaters (2024), fresh interior and exterior paint, new HVAC units (within the last two years), and 5-year-old roofs. The driveway was recently resurfaced and restriped. Each unit is equipped with a separate electric meter and HVAC system, a handicap-accessible bathroom, and a breakroom. The property is currently 100% leased with a waiting list, generating a robust 7% CAP rate. Situated near Gibsonton Drive, it offers convenient access to I-75 and Highway 301, and is minutes from the new AdventHealth Hospital. The attractive landscaping, including a tree-lined driveway and retention ponds, enhances the property's curb appeal. A shared picnic area adds to the community atmosphere. Stone accents on the building exteriors contribute to a high-quality aesthetic. This meticulously maintained property offers investors a rare chance to acquire a premier asset in a thriving business district. The property's strong occupancy rate and recent upgrades ensure a stable and potentially lucrative return on investment.
-
McCart & Tesmer, P.A. Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PD · Riverview, FLRiverview. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.