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Property profile & analytics
OFF-MARKET
Estimated value
$20,435,000
Office buildings
3020 Us Hwy 301st S, Riverview, FL 33578-3512
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-4035523
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
101,586 SF
Lot
9.45 ac (411,651 SF)
Zoning code
PD
APN
U3129205UP000000000010
UPID
US18-4035523
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
$24.68M
Comparable Approach
Comparable
$21.85M
Blend (final)
Blend
$20.44M
Owner & transaction history
Wpt Land 2 LP · 9 yrs held
Wpt Land 2 LP
since 2016
2 recorded transactions
Zoning & alternative use
PD · Riverview, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$25.2M
+10.0%
Neighborhood: shopping center
$24.8M
+8.4%
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%
$26,735,000
6.5%
$24,680,000
7%
$22,920,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$22,870,000
Current use
MEDICAL BUILDING
$25,160,000
Change: +10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$24,780,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$22,130,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$21,395,000
Change: -6% · Conversion: Easy
AUTO REPAIR, GARAGE
$19,170,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$20.44M
Range $18.39M – $22.48M · ±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
$201 / 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
$314,974
Tax year 2023
Assessed value
$18,752,400
Assessed 2023
Previous assessed
$18,752,400
+0.0% YoY
Effective rate
1.68%
On assessed value
Assessed land
$4,450,976
Assessed improvement
$14,301,424
Land market value
$4,450,976
Improvement market value
$14,301,424
Total market value
$18,752,400
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Bathrooms
5
Total area
101,586 SF
Lot
9.45 ac (411,651 SF)
Zoning code
PD
APN
U3129205UP000000000010
UPID
US18-4035523
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
$22.9M
MEDICAL BUILDING
Est. value
$25.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$24.8M
RETAIL STORES
Est. value
$22.1M
COMMERCIAL (GENERAL)
Est. value
$21.4M
AUTO REPAIR, GARAGE
Est. value
$19.2M
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Bathrooms
5
Lot
9.45 ac
Current owner
From public records · entity-resolved
Wpt Land 2 LP
Entity
Mailing address
700 DRESHER RD STE #150, HORSHAM, PA 19044-0138
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2016
$174,000,000
Wpt Land 2 LP
Liberty Property LP
Trustees Deed
$557,000,000 · Jp Morgan Chase Bk
Aug 11, 2006
$14,260,800
Liberty Property
100 Legacy Park Ltd
Grant Deed
—
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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