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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Office buildings
1105 3rd NE St, Ruskin, FL 33570-3650
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US18-4328409
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,999 SF
Lot
9.76 ac (425,071 SF)
Zoning code
PD
APN
U053219ZZZ000001767600
UPID
US18-4328409
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
-
Kennco Manufacturing Inc Big Box & Wholesale Store Agricultural Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$775k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.29M
Owner & transaction history
Kennco Manufacturing INC · 18 yrs held
Kennco Manufacturing INC
since 2007
7 recorded transactions
Zoning & alternative use
PD · Ruskin, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+17.3%
Neighborhood: shopping center
$1.7M
+15.5%
Retail stores
$1.5M
+3.1%
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 Ruskin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ruskin 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$840,000
6.5%
$775,000
7%
$720,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,480,000
Current use
MEDICAL BUILDING
$1,735,000
Change: +17% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,705,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$1,525,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,475,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,320,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±10%
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
$184 / 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
$47,325
Tax year 2023
Assessed value
$2,899,600
Assessed 2023
Previous assessed
$2,452,600
+18.2% YoY
Effective rate
1.63%
On assessed value
Assessed land
$1,427,886
Assessed improvement
$1,471,714
Land market value
$1,427,886
Improvement market value
$1,471,714
Total market value
$2,899,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
7
Stories
2
Units
1
Rooms
15
Total area
6,999 SF
Lot
9.76 ac (425,071 SF)
Zoning code
PD
APN
U053219ZZZ000001767600
UPID
US18-4328409
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Ruskin, FL
Zoning PD · permitted uses
PD · Ruskin, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ruskin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
RETAIL STORES
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
7
Units
1
Rooms
15
Lot
9.76 ac
Current owner
From public records · entity-resolved
Kennco Manufacturing INC
Entity
Mailing address
PO BOX 1158, RUSKIN, FL 33575-1158
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2007
—
Kennco Manufacturing INC
Kennco Manufacturing INC
Quit Claim Deed
—
—
—
Kennco Manufacturing INC
—
Loan Modification
related
$690,063 · Bank Of America
—
—
Kennco Manufacturing INC
—
Deed Of Trust
related
$716,438 · Bank Of America
—
—
Kennco Manufacturing Co
—
Deed Of Trust
related
$800,000 · Bank Of America
—
—
Kennco Manufacturing INC
—
Deed Of Trust
related
$225,720 · Bank Of America
—
—
Kennco Manufacturing INC
—
Deed Of Trust
related
$939,500 · Bank Of America
—
—
Kennco Manufacturing INC
—
Deed Of Trust
related
$35,700 · Bank Of America
—
—
Kennco Manufacturing INC
—
Deed Of Trust
related
—
—
—
Kennco Manufacturing INC
—
Deed Of Trust
related
—
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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