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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Office buildings
12012 Boyette Rd, Riverview, FL 33569-5631
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-4765150
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,604 SF
Lot
26.03 ac (1,133,867 SF)
Zoning code
PD
APN
U223020ZZZ000003032700
UPID
US18-4765150
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
-
Frances C. Myers-Routt, LCSW Foster Care Service Social Service Agency
-
Michael Murphy Physician
-
QUSHANIA NESBITT Physician
-
AMISHA SHAH Physician
-
River Oaks Treatment Center Alcoholism Treatment Program Medical Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$875k
Comparable Approach
Comparable
$586k
Blend (final)
Blend
$785k
Owner & transaction history
The Academy Real Estate LLC · 13 yrs held
The Academy Real Estate LLC
since 2013
7 recorded transactions
Zoning & alternative use
PD · Riverview, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$895,000
+0.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$950,000
6.5%
$875,000
7%
$815,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$890,000
Current use
MEDICAL BUILDING
$895,000
Change: +0% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$880,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$785,000
Change: -12% · Conversion: Moderate
COMMERCIAL (GENERAL)
$760,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$785k
Range $707k – $864k · ±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
$218 / 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
$197,901
Tax year 2023
Assessed value
$11,801,758
Assessed 2023
Previous assessed
$10,396,191
+13.5% YoY
Effective rate
1.68%
On assessed value
Assessed land
$1,474,320
Assessed improvement
$10,327,438
Land market value
$1,474,320
Improvement market value
$10,327,438
Total market value
$11,801,758
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
8
Stories
1
Units
1
Rooms
196
Bathrooms
1
Total area
3,604 SF
Lot
26.03 ac (1,133,867 SF)
Zoning code
PD
APN
U223020ZZZ000003032700
UPID
US18-4765150
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Riverview, FL
Zoning PD · permitted uses
PD · Riverview, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverview. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$890,000
MEDICAL BUILDING
Est. value
$895,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$880,000
RETAIL STORES
Est. value
$785,000
COMMERCIAL (GENERAL)
Est. value
$760,000
OFFICE BUILDING Current
MEDICAL 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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
8
Units
1
Rooms
196
Bathrooms
1
Lot
26.03 ac
Current owner
From public records · entity-resolved
The Academy Real Estate LLC
Entity
Mailing address
200 POWELL PL STE #200, BRENTWOOD, TN 37027-7708
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2017
—
Academy Real Estate LLC
—
Grant Deed
related
$265,000,000 · Credit Suisse Ag
May 13, 2013
$5,329,800
The Academy Real Estate LLC
Tampa Bay Academy Ltd
Special Warranty Deed
$3,607,500 · Wells Fargo Bank NA
Jan 2, 2001
$3,940,000
Tampa Bay Academy Ltd
Youth Services International P
Grant Deed
$2,955,000 · Colonial Bank
Nov 13, 1997
$5,000,000
Youth Services Int'l Real Prop
Tampa Bay Academy Ltd
Grant Deed
$2,500,000 · Ing (u S) Capital Corporation
—
—
Academy Real Estate LLC
—
Deed Of Trust
related
$5,430,000 · Credit S Ag
—
—
Academy Real Estate LLC
—
Deed Of Trust
related
$5,800,000 · Bank Of America
—
—
Tampa Bay Academy Ltd
—
Deed Of Trust
related
$4,267,329 · Pnc Bank
—
—
Tampa Bay Academy Ltd
—
Deed Of Trust
related
$4,267,329 · Pnc Bank
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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