Individually Owned Property summary
AI-generated overview
This exceptional 8,000-square-foot commercial property, situated on a 3.74-acre lot in Riverview, Florida, presents a unique investment opportunity. Built in 2013, this single-building, two-story structure offers significant potential for a variety of uses. The zoning is CG - Commercial General. The building boasts high visibility, benefiting from its location near the Northbound I-75 off-ramp and the Gibsonton overpass, experiencing an average annual daily traffic count of 15,200 vehicles. The first floor, encompassing nearly 6,000 square feet, features an open layout and a commercial kitchen, ideal for retail or restaurant concepts. The second floor, exceeding 2,000 square feet, provides four private offices, open workspace, storage, and two bathrooms. Currently, the entire 8,000 square feet is vacant, offering immediate occupancy for a single tenant. This property's prime location in one of Southeast Hillsborough County's fastest-growing areas, combined with its versatile floor plan and high visibility, makes it an attractive proposition for businesses seeking a prominent presence in a thriving market. The address is 10070 Fern Hill Dr, Riverview, FL 33578.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,416 SF
Lot
3.74 ac (162,877 SF)
Zoning code
CG
APN
U193020ZZZ000003003302
UPID
US18-7642543
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Car Dealership
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.21M
Blend (final)
Blend
$3.09M
Owner & transaction history
since 2025
Last sale
$2.8M
3 recorded transactions
Zoning & alternative use
CG · Riverview, FL
Top alternative use upside
Medical building
$4.6M
+10.0%
Neighborhood: shopping center
$4.5M
+8.4%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 10 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.09M
Value range
$2.78M – $3.39M
±10% around blend
Estimated value / SF
$168 / SF
Confidence
High
10 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$2.78M
blend $3.09M
$3.39M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
18,416 SF
Lot area
3.74 ac
Year built
2013
Stories
1
APN
U193020ZZZ000003003302
Zoning
CG
Assessed value
$2,754,136
Annual tax
$47,852
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$4.76M
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
12.1 mi away · 21,922 SF
12.8 mi away · 16,046 SF
18.3 mi away · 16,590 SF
19.5 mi away · 17,760 SF
19.6 mi away · 15,979 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.09M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 18 sales
$225
-26%
Submarket 29 sales
$247
-32%
County 1027 sales
$260
-35%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $168/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+10%
vs current-use indication
Neighborhood: Shopping Center
Office Building · current use
Retail Stores
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
9.40%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.40%
9.0%
NOI (est.)
$196k *
Last sale · Sep 2021
$2.80M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.09M
Move the market yield to see immediate price impact.
Value / SF
$113
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.90%9.40%9.90%
$176k
$1.98M
$1.88M
$1.78M
$196k
$2.20M
$2.09M
$1.98M
$216k
$2.42M
$2.29M
$2.18M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$2.40M
8.6 mi · Feb 2026 · $101/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$47,852
Tax year 2023
Assessed value
$2,754,136
Assessed 2023
Previous assessed
$2,446,171
+12.6% YoY
Effective rate
1.74%
On assessed value
Assessed land
$1,141,442
Assessed improvement
$1,612,694
Land market value
$1,141,442
Improvement market value
$1,612,694
Total market value
$2,754,136
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
18,416 SF
Lot
3.74 ac (162,877 SF)
Zoning code
CG
APN
U193020ZZZ000003003302
UPID
US18-7642543
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CG · Riverview, FLZoning CG · permitted uses
CG · Riverview, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
3.74 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CG
Jurisdiction
Riverview, FL
Recorded code
CG
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Debt & historyRecorded loans and transaction history
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