Trust Owned Property summary
AI-generated overview
This exceptional investment opportunity presents a free-standing, single-tenant retail building perfectly situated in Riverview, Florida. The property, totaling 6,049 square feet, is 100% occupied by O'Reilly Auto Parts under a triple-net (NNN) lease with a substantial remaining term of 11.1 years, expiring December 31, 2035. The building, constructed in 2015, sits on a 0.51-acre lot and boasts a desirable location at 10705 Hannaway Dr, Riverview, FL 33578, within the RDD-DT2 zoning district. The current asking price is $2,500,000, representing a compelling price per square foot of $413.29 and a strong 5.15% capitalization rate based on a current Net Operating Income (NOI) of $128,656. This stabilized investment offers significant long-term income potential with a projected increase in NOI. The property is ideal for investors seeking a secure, passive income stream from a nationally recognized tenant in a thriving retail market. The single-story building provides convenient access and ample parking. This is a 1031 exchange eligible property.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2015
Construction
STEEL FRAME
Total area
6,976 SF
Lot
1.03 ac (44,709 SF)
Zoning code
RDD-DT2
APN
U1730202RFS00000000004
UPID
US18-3864493
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
-
Auto Parts Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$925k
Owner & transaction history
since 2026
3 recorded transactions
Zoning & alternative use
RDD-DT2 · Riverview, 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.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$925k
Value range
$833k – $1.02M
±10% around blend
Estimated value / SF
$133 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
30
$833k
blend $925k
$1.02M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,976 SF
Lot area
1.03 ac
Year built
2015
Stories
1
APN
U1730202RFS00000000004
Zoning
RDD-DT2
Assessed value
$1,139,500
Annual tax
$22,109
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
$452k
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
22.2 mi away · 4,906 SF
23.7 mi away · 8,486 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$925k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 333 sales
$218
-39%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $133/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
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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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$1.14M
Move the market yield to see immediate price impact.
Value / SF
$163
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%
$72k
$1.44M
$1.03M
$798k
$80k
$1.60M
$1.14M
$886k
$88k
$1.75M
$1.25M
$975k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$77k
12.1 mi · Feb 2026 · $16/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$22,109
Tax year 2023
Assessed value
$1,139,500
Assessed 2023
Previous assessed
$1,311,755
-13.1% YoY
Effective rate
1.94%
On assessed value
Assessed land
$491,799
Assessed improvement
$647,701
Land market value
$491,799
Improvement market value
$647,701
Total market value
$1,139,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2015
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
3
Total area
6,976 SF
Lot
1.03 ac (44,709 SF)
Zoning code
RDD-DT2
APN
U1730202RFS00000000004
UPID
US18-3864493
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
RDD-DT2 · Riverview, FLZoning RDD-DT2 · permitted uses
RDD-DT2 · 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
2015
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
3
Lot
1.03 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
RDD-DT2
Jurisdiction
Riverview, FL
Recorded code
RDD-DT2
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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.
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