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Property profile & analytics
OFF-MARKET
Estimated value
$7,340,000
Drug stores
10624 Gibsonton Dr Riverview, FL 33578-5430
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4040118
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,135 SF
Lot
1.86 ac (81,000 SF)
Zoning code
CG
APN
U203020ZZZ000003013000
UPID
US18-4040118
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy Pharmacy
-
FedEx OnSite Postal Service Courier Service
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Blink Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.34M
Owner & transaction history
Lgr Fl Properties LLC · 4 yrs held
Lgr Fl Properties LLC
since 2021
Last sale
$7.3M
3 recorded transactions
Zoning & alternative use
CG · Riverview, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.8M
+123.2%
Apartment house (5+ units)
$5.7M
+61.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Riverview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverview submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$7,430,000
ML approach
$7,425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$7,845,000
Change: +123% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,695,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$7.34M
Range $6.61M – $8.07M · ±10% · vs last sale $7.25M (Dec 20 2021)
Last sale anchor
$7.25M
Dec 20 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$455 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$54,005
Tax year 2023
Assessed value
$2,976,400
Assessed 2023
Previous assessed
$2,976,400
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$1,316,250
Assessed improvement
$1,660,150
Land market value
$1,316,250
Improvement market value
$1,660,150
Total market value
$2,976,400
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
2
Total area
16,135 SF
Lot
1.86 ac (81,000 SF)
Zoning code
CG
APN
U203020ZZZ000003013000
UPID
US18-4040118
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CG · Riverview, FL
Zoning CG · permitted uses
CG · Riverview, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverview. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$7.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
2
Lot
1.86 ac
Current owner
From public records · entity-resolved
Lgr Fl Properties LLC
Entity
Mailing address
300 WILMOT RD, DEERFIELD, IL 60015-4614
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2021
$7,250,000
Lgr Fl Properties LLC
Gibsonton And 301 LLC
Special Warranty Deed
—
Jul 28, 2005
—
Gibsonton & 301 LLC
Radiant Oil Co Of Tampa INC
Grant Deed
—
—
—
Gibsonton & 301 LLC
—
Deed Of Trust
related
$3,921,000 · Wells Fargo Bk/nw NA (ce)
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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