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Property profile & analytics
FOR LEASE
Strip malls
1601 Sun City Center Plz Ruskin, FL 33573
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1417405
For Lease
1 / 3
$7,340,000
1601 Sun City Center Plz, Ruskin, FL 33573
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,756 SF
Lot
10.36 ac (451,350 SF)
Zoning code
PD
APN
U123219ZZZ000001782100
UPID
US18-1417405
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.83M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.34M
Owner & transaction history
29th Street LLC · 9 yrs held
29th Street LLC
since 2017
4 recorded transactions
Zoning & alternative use
PD · Sun City Center, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$11.3M
+1.5%
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 Ruskin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ruskin 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%
$8,475,000
6.5%
$7,825,000
7%
$7,265,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$11,160,000
Current use
MEDICAL BUILDING
$11,330,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$9,970,000
Change: -11% · Conversion: Easy
OFFICE BUILDING
$9,665,000
Change: -13% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,635,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$7.34M
Range $6.61M – $8.07M · ±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
$160 / 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
$166,593
Tax year 2023
Assessed value
$9,060,900
Assessed 2023
Previous assessed
$7,946,100
+14.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$2,328,966
Assessed improvement
$6,731,934
Land market value
$2,328,966
Improvement market value
$6,731,934
Total market value
$9,060,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
18
Rooms
45
Total area
45,756 SF
Lot
10.36 ac (451,350 SF)
Zoning code
PD
APN
U123219ZZZ000001782100
UPID
US18-1417405
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Sun City Center, FL
Zoning PD · permitted uses
PD · Sun City Center, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sun City Center. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$11.2M
MEDICAL BUILDING
Est. value
$11.3M
RETAIL STORES
Est. value
$10.0M
OFFICE BUILDING
Est. value
$9.7M
COMMERCIAL (GENERAL)
Est. value
$9.6M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
18
Rooms
45
Lot
10.36 ac
Current owner
From public records · entity-resolved
29th Street LLC
Entity
Free & Clear · 9 yrs held
Mailing address
290 NW 165TH ST PH #2, MIAMI, FL 33169-6472
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2017
$3,400,000
29th Street LLC
Sun City LLC
Grant Deed
—
Dec 17, 1996
$2,577,600
Properties L P Freedom
Keystone Propert
Grant Deed
$59,155,200 · General Electric Capital Corp
Aug 7, 1996
$3,400,000
Properties L P Keystone
Cynwyd,investmen
Grant Deed
$105,992,000 · General Electric Capital Corp
—
—
Sun City LLC
—
Deed Of Trust
related
$3,970,347 · Ameriprise Certificate Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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