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    Property profile & analytics
    OFF-MARKET Estimated value $1,180,000
    Office buildings

    10011 Water Works Ln, Riverview, FL 33578-5304

    4,918 SF 0.46 ac lot Built 2006
    Entity Owned Free & Clear
    Property ID
    US18-2923964
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2006
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 4,918 SF
    Lot 0.46 ac (20,182 SF)
    Zoning code PD
    APN U193020ZZZ000003002601
    UPID US18-2923964
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • McCart & Tesmer, P.A. Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.20M
    Comparable Approach Comparable
    $1.18M
    Blend (final) Blend
    $1.18M
    Owner & transaction history
    TLT PROPERTIES LLC
    TLT PROPERTIES LLC
    Zoning & alternative use
    PD · Riverview, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $1.2M +10.0%
    Neighborhood: shopping center $1.2M +8.4%
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