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    11412 Bloomingdale Ave Riverview, FL 33578
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    11412 Bloomingdale Ave, Riverview, FL 33578

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    • Commercial real estate
    Off-Market
    Property ID
    US18-0924139
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 11412 Bloomingdale Ave

    Property type
    Commercial real estate

    Description

    This exceptional 1.12-acre commercial land parcel is strategically located at the signalized intersection of Bloomingdale Avenue and Watson Road in Riverview, Florida. The property boasts a high-traffic count of 46,000 vehicles, benefiting from its proximity to a high-volume Circle K and a state-of-the-art carwash. The site is comprised of multiple parcels with varying zoning designations under the PD zoning classification, allowing for diverse commercial development opportunities. Parcel 2 and Parcel 3, each totaling 1.12 acres, are zoned for up to 8,000 square feet of commercial uses, including minor motor vehicle repair or other permitted uses as specified in the PD zoning. Parcel 4, also 1.12 acres, is zoned for medical, office, or retail uses, permitting a two-story building. Importantly, drive-thru facilities are not permitted on any parcel. The property features off-site retention and is situated adjacent to an approved 90-townhome development, further enhancing its potential. This prime location presents a unique investment opportunity for developers seeking high-visibility commercial space in a rapidly growing area. The asking price for Parcel 2 is $995,000. Parcel 3 is also priced at $995,000. Parcel 4 is available for $900,000. The total acreage is 9.93 acres.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Riverview
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3074881
    Latitude
    27.8940126

    Comparable in this City

    • $1,395,000
      Pending

      Riverview Mixed-Use Redevelopment Opportunity

      Turnkey medical office suitable for retail redevelopment near new hospital.
      10508 Gibsonton Dr, Riverview, FL 33578
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    • $339,900
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      Land Along Bullfrog Creek

      3+ acre lot for a dream home near Bullfrog Creek.
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    • $850,000
      3.14 Acres

      Riverview Land with Development Potential

      3.14 acres in North Riverview, ideal for residential development.
      5614 Watson Rd, Riverview, FL 33578
      View Details

    Similar Nearby for Sale

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      Prime Land in Riverview, FL

      Land for retail development with high visibility in Riverview.
      10503 Gibsonton Dr, Riverview, FL 33578
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    • $214,000

      Land Available in Riverview, FL

      Land for sale in Riverview, Florida.
      6227 Krycul Ave, Riverview, FL 33578
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    • $329,000
      0.76 Acres

      Waterfront Land in Gated Community

      0.76 acre waterfront homesite with river frontage and dock.
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    • New
      $350,000
      1.12 Acres

      Alafia River Waterfront Homesite

      Rare 1.12-acre waterfront property with dock potential and no HOA.
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    Similar Nearby for Lease

    • Contact for pricing

      Land at Signalized Intersection

      Land for lease in high-growth Riverview market.
      10611 Symmes Rd, Riverview, FL 33578
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    • Contact for pricing

      Land Parcels Near Riverview Town

      Available land parcels with shared access to Riverview Town Center.
      10209 Gibsonton Dr, Riverview, FL 33578
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    • Contact for pricing

      Prime Land Parcel For Lease

      Multiple outparcel sizes available in high-growth Riverview trade area.
      10114 Gibsonton Dr, Riverview, FL 33578
      View Details
    • Contact for pricing
      8,800 SF

      Retail Pad Site For Lease

      8,800 SF pad site available for ground lease.
      11114 Bloomingdale Ave, Riverview, FL 33578
      View Details
    • Contact for pricing

      Upscale Office/Warehouse Environment

      Prestigious business park in East Tampa submarket.
      7936 Eagle Palm Dr, Riverview, FL 33578
      View Details
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    Riverview, FL 33578
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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