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Property profile & analytics
OFF-MARKET Estimated value $5,820,000
Car washes

11380 Bloomingdale Ave Riverview, FL 33578-3707

8,466 SF 1.24 ac lot Built 2019
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US19-0525876
Property summary
AI-generated overview

This exceptional 1.02-acre commercial property in Riverview, Florida, presents a unique investment opportunity. Strategically located at the signalized intersection of Bloomingdale Avenue and Watson Road, it boasts high visibility and accessibility due to its proximity to a high-volume Circle K and a state-of-the-art carwash. The property comprises multiple parcels with varying zoning designations, offering flexibility for diverse commercial uses. Parcel 2 and 3, zoned for up to 8,000 square feet, allow for minor motor vehicle repair or specific commercial uses as outlined in the Planned Development (PD) zoning. Parcel 4, situated north of the Circle K, is zoned for medical/office or retail uses, permitting a two-story building. Importantly, drive-thrus are not permitted on any parcel. The property benefits from significant traffic counts of 46,000 vehicles, and the site includes offsite retention. The approved development of 90 townhomes directly adjacent to the property further enhances its long-term value and potential. The property's location in the heart of Riverview, combined with its flexible zoning and high traffic volume, makes it an ideal investment for developers and businesses seeking a prime location in a rapidly growing area. The Hillsborough County parcels (073778-7456 & 07377807454) are ready for development. Asking price is $995,000.

Property profile
Verified
Property type Car washes
Use group CAR WASH
Year built 2019
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,466 SF
Lot 1.24 ac (53,934 SF)
Zoning code PD
APN U043020B56000000000010
UPID US19-0525876
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
  • Take 5 Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.44M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.82M
Owner & transaction history
Okin Partnership · 2 yrs held
Okin Partnership
since 2023
Last sale
$6.1M
7 recorded transactions
2023
$6.1M
2022
$6.8M
2020
Price N/A
2019
Price N/A
2018
Price N/A
2018
$1.2M
2003
$237,500
Zoning & alternative use
PD · Riverview, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $4.1M +157.7%
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