Individually Owned Property summary
AI-generated overview
This exceptional 5.8-acre property in Ruskin, Florida, presents a compelling investment opportunity. Located at 107 7th Ave NE, 33570, this commercially zoned (RTC1) land offers significant potential for development. The property currently includes a leased retail space, providing immediate cash flow for the owner. A key advantage is the entitlement for 118 units by right, allowing for substantial future development. This presents a unique chance to either landbank for appreciation or immediately capitalize on the existing retail lease and future development potential. The property's location in Hillsborough County, Florida, offers easy access to major transportation routes and amenities. The asking price is $5,100,000. This is an ideal opportunity for investors seeking a blend of immediate income and long-term growth potential in a thriving Florida market. The latitude and longitude coordinates are 27.7240222, -82.4322613 respectively.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,496 SF
Lot
1.41 ac (61,215 SF)
Zoning code
RTC-1
APN
U0532191UU000000000185
UPID
US18-2852965
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
-
Gym & Fitness Center
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.00M
Blend (final)
Blend
$735k
Owner & transaction history
Zoning & alternative use
RTC-1 · Ruskin, FL
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.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$735k
Value range
$662k – $809k
±10% around blend
Estimated value / SF
$28 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$662k
blend $735k
$809k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
26,496 SF
Lot area
1.41 ac
Year built
1972
Stories
1
APN
U0532191UU000000000185
Zoning
RTC-1
Assessed value
$1,197,900
Annual tax
$20,514
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
$3.00M
Range $3.00M – $10.01M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$735k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 196 sales
$244
-89%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $28/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
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.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.20M
Move the market yield to see immediate price impact.
Value / SF
$45
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
5.00%7.00%9.00%
$75k
$1.51M
$1.08M
$839k
$84k
$1.68M
$1.20M
$932k
$92k
$1.84M
$1.32M
$1.02M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$20,514
Tax year 2023
Assessed value
$1,197,900
Assessed 2023
Previous assessed
$1,197,900
+0.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$272,878
Assessed improvement
$925,022
Land market value
$272,878
Improvement market value
$925,022
Total market value
$1,197,900
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
3
Rooms
12
Total area
26,496 SF
Lot
1.41 ac (61,215 SF)
Zoning code
RTC-1
APN
U0532191UU000000000185
UPID
US18-2852965
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
RTC-1 · Ruskin, FLZoning RTC-1 · permitted uses
RTC-1 · Ruskin, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
3
Rooms
12
Lot
1.41 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
RTC-1
Jurisdiction
Ruskin, FL
Recorded code
RTC-1
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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