Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    124 Miller Rd Valrico, FL 33594
    Back to Search
    Property profile & analytics

    124 Miller Rd, Valrico, FL 33594

    View on Map
    • Mixed-use properties
    • 1,648 SF
    • 1.50 lot acres
    Off-Market
    Property ID
    US19-0119636
    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

    • Mixed-use properties

    Property Details for 124 Miller Rd

    Year built
    2024
    Lot size
    1.50 lot acres
    Property type
    Mixed-use properties

    Description

    This exceptional 1.5-acre mixed-use development opportunity in Valrico, Florida, presents a turnkey project poised for immediate construction. The property, located at 124 N Miller Road, encompasses 1,648 square feet and offers pre-construction plans for twelve townhomes. All development fees have been paid, and the building plans are complete, available for immediate use with a professional seal upon request. This significantly reduces the time and expense typically associated with new construction projects, allowing for a streamlined and efficient development process. The site's prime location provides convenient access to a variety of amenities, including nearby restaurants and shopping centers. Furthermore, its strategic proximity to I-75 and the Selmon Expressway ensures excellent connectivity to the wider Tampa Bay area, enhancing the appeal and potential for future residents. This is a rare opportunity to acquire a fully permitted and planned development ready for immediate construction, offering significant potential for a strong return on investment. The asking price is $995,000. This represents a compelling investment opportunity for developers seeking a well-positioned, ready-to-build project in a thriving Florida market. Contact us today to learn more about this exceptional offering.

    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
    Valrico
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.24515
    Latitude
    27.93976

    Comparable in this City

    • $475,000
      780 SF

      Versatile Mixed-Use Property in VALRICO

      Nearly one-acre property zoned for business, office, or residential use.
      105 S Saint Cloud Ave, Valrico, FL 33594
      View Details
    • $495,000
      2,036 SF

      Valrico Multi-Family Investment Opportunity

      Licensed group home with income potential in Valrico, Florida.
      322 Regal Park Dr, Valrico, FL 33594
      View Details
    • $5,250,000
      35,941 SF

      Valrico Retail Space: Highway Frontage

      High-traffic retail space, 3.22 acres, 35,941 sq ft.
      2566 60 Hwy, Valrico, FL 33594
      View Details
    • $1,195,000

      High-Traffic Retail Property on SR-60

      Freestanding 4,488 SF building on 1.16 acres with SR-60 frontage.
      2617 East Brandon Blvd, Valrico, FL 33594
      View Details
    • $118,000

      Valrico Land For Sale

      Land available in Valrico, Florida.
      510 Briar Meadows Dr, Valrico, FL 33594
      View Details
    • Contact for pricing

      Tampa Self-Storage Portfolio Opportunity

      Self-storage portfolio in Tampa, Florida with upside potential.
      2108 Jelane Dr, Valrico, FL 33594
      View Details

    Similar Nearby for Sale

    • $475,000
      780 SF

      Versatile Mixed-Use Property in VALRICO

      Nearly one-acre property zoned for business, office, or residential use.
      105 S Saint Cloud Ave, Valrico, FL 33594
      View Details
    • $495,000
      2,036 SF

      Valrico Multi-Family Investment Opportunity

      Licensed group home with income potential in Valrico, Florida.
      322 Regal Park Dr, Valrico, FL 33594
      View Details
    • $5,250,000
      35,941 SF

      Valrico Retail Space: Highway Frontage

      High-traffic retail space, 3.22 acres, 35,941 sq ft.
      2566 60 Hwy, Valrico, FL 33594
      View Details
    • $1,195,000

      High-Traffic Retail Property on SR-60

      Freestanding 4,488 SF building on 1.16 acres with SR-60 frontage.
      2617 East Brandon Blvd, Valrico, FL 33594
      View Details
    • $118,000

      Valrico Land For Sale

      Land available in Valrico, Florida.
      510 Briar Meadows Dr, Valrico, FL 33594
      View Details
    • Contact for pricing

      Tampa Self-Storage Portfolio Opportunity

      Self-storage portfolio in Tampa, Florida with upside potential.
      2108 Jelane Dr, Valrico, FL 33594
      View Details

    Similar Nearby for Lease

    • $76,995

      Valrico Commercial Space For Rent

      2,655 SF commercial space in active Valrico corridor.
      102 Pierce Christie Dr, Valrico, FL 33594
      View Details
    • Contact for pricing

      Retail/Office Space with Drive-Thru

      900 SF space with drive-thru, suitable for retail or office.
      2511 State Road 60 E, Valrico, FL 33594
      View Details
    • Contact for pricing
      1,500 SF

      Valrico Retail/Medical/Professional Space Available

      Retail, medical, or professional services space available on SR 60.
      2206 E 60 Hwy, Valrico, FL 33594
      View Details
    • Contact for pricing

      Retail Space in Valrico Center

      Retail space in a neighborhood center anchored by LA Fitness.
      1930 East Brandon Blvd, Valrico, FL 33594
      View Details
    • Contact for pricing
      1,038 SF

      Retail Space Anchored by Publix

      Retail space available in Valrico, anchored by Publix.
      1901-1999 E Brandon Blvd, Valrico, FL 33594
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Valrico Center

      Retail space available in a busy shopping center.
      1914 E 60 Hwy, Valrico, FL 33594
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    124 Miller Rd
    Valrico, FL 33594
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    124 Miller Rd, Valrico, FL, 33594
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!