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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Medical Office Space
11956 Balm Riverview Rd Riverview, FL 33569-6601
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3206748
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,664 SF
Lot
0.16 ac (6,930 SF)
Zoning code
PD
APN
U34302096L000000000040
UPID
US18-3206748
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
-
Hines HVAC Company Hardware & Home Improvement Home Appliance Store
-
Esthetic Design Dental Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
$1.29M
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$960k
Owner & transaction history
Liveringhouse Real Estate LLC · 3 yrs held
Liveringhouse Real Estate LLC
since 2022
Last sale
$975,000
5 recorded transactions
Zoning & alternative use
PD · Riverview, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Riverview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverview 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
$825,000
ML approach
$860,000
CAP Approach
CAP Return
Estimation
6%
$1,400,000
6.5%
$1,290,000
7%
$1,200,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,405,000
Current use
OFFICE BUILDING
$1,400,000
Change: 0% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,380,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$1,235,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,195,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±10% · vs last sale $975k (Nov 9 2022)
Last sale anchor
$975k
Nov 9 2022
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
$169 / 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
$14,345
Tax year 2023
Assessed value
$816,800
Assessed 2023
Previous assessed
$774,039
+5.5% YoY
Effective rate
1.76%
On assessed value
Assessed land
$124,740
Assessed improvement
$692,060
Land market value
$124,740
Improvement market value
$692,060
Total market value
$816,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
4
Total area
5,664 SF
Lot
0.16 ac (6,930 SF)
Zoning code
PD
APN
U34302096L000000000040
UPID
US18-3206748
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Riverview, FLZoning PD · permitted uses
PD · Riverview, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
4
Lot
0.16 ac
Current owner
From public records · entity-resolved
Liveringhouse Real Estate LLC
Entity
Mailing address
11785 JUSTEN CIR, MAPLE GROVE, MN 55369-9282
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2024
—
Liveringhouse Real Estate LLC
—
Deed
related
$300,000 · Busey Bank
Nov 9, 2022
$975,000
Liveringhouse Real Estate LLC
Kpjp LLC
Special Warranty Deed
$271,637 · Busey Bank
Apr 12, 2013
$335,000
Kpjp LLC
Wells Fargo Bk NA
Grant Deed
$268,000 · Fifth Third Bank
Mar 4, 2013
$50,100
Fargo Bk NA Wells
Sskij Ents LLC Coc
Trustees Deed
related
—
Sep 21, 2007
$250,000
Sskij Enterprises LLC
Albert Carapella
Warranty Deed
$212,500 · Wachovia Bank NA
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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