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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3140 Falkenburg Rd Riverview, FL 33578-2574

    • Office Properties & Spaces
    • 4,920 SF
    OFF-MARKET
    Last Sale
    Feb 09, 2025
    $4,590,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8148410
    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.

    Current Use by Public Records

    • Nancy Calderon-Polanco, APRN / Family Practice Physician
    • Adithya Suresh, MD RPVI ACS / Doctor
    • Premier Radiation Oncology / Medical Center
    • Smile 360 Implant And Family Dentistry / Dentist / Cosmetic Dentist
    • Florida Blue Center - Sanitas Riverview / Health Insurance Agency

    Property Details for 3140 Falkenburg Rd

    Year built
    2015
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    4,920 SF
    Zone code
    PD
    Property type
    Office Properties & Spaces
    APN
    U312920A36000000C00000
    APU
    U312920A36000000C00000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Riverview
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3374
    Latitude
    27.9183
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,700
    $100
    $0.00
    $100
    -
    $100
    $0.00
    $100

    Comparable in this City

    • Value Estimation
      $295,000
      1,250 SF

      6332 Us Hwy 301st Sb3

      CONDOMINIUM OFFICES • 1,250 SF
      6332 Us Hwy 301st Sb3, Riverview, FL 33578-3829
      View Details
    • Value Estimation
      $300,000
      1,250 SF

      6320 Us Hwy 301st Sa4

      CONDOMINIUM OFFICES • 1,250 SF
      6320 Us Hwy 301st Sa4, Riverview, FL 33578-3829
      View Details
    • Value Estimation
      $635,000
      3,002 SF

      3140 Falkenburg Rd Ste, Unit 205

      CONDOMINIUM OFFICES • 3,002 SF
      3140 Falkenburg Rd Ste, Riverview, FL 33578-2594
      View Details
    • Value Estimation
      $460,000
      2,169 SF

      6152 Delancey Sta St Ste, Unit 205

      CONDOMINIUM OFFICES • 2,169 SF
      6152 Delancey Sta St Ste, Riverview, FL 33578-4206
      View Details
    • Value Estimation
      $300,000
      1,250 SF

      6322 Us Hwy 301st S

      CONDOMINIUM OFFICES • 1,250 SF
      6322 Us Hwy 301st S, Riverview, FL 33578-3829
      View Details
    • Value Estimation by Request
      25,695 SF

      301 & Big Bnd Rd

      Office space • 25,695 SF
      301 & Big Bnd Rd, Riverview, FL 33578
      View Details

    Similar Nearby for Sale

    • $4,000,000
      8.60 Acres

      Riverview Hwy 301 Office Land

      8.6 Acres, Hwy 301 Frontage, $4M
      11769 Us Highway 301, Riverview, FL 33578
      View Details
    • New
      $1,500,000
      3,920 SF

      Versatile Mixed-Use Building in Riverview

      Adaptable mixed-use property in a high-traffic Riverview location.
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    • $359,000

      Riverview Office Condo with Loft

      Two-level office condo with flexible space and roll-up door.
      6520 S 301 Hwy, Riverview, FL 33578
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    • $535,000
      2,219 SF

      Versatile Commercial Property in Riverview

      Prime commercial opportunity with office and storage in a growing market.
      10708 Desoto Rd, Riverview, FL 33578
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    • $359,000
      Pending

      Riverview Office Condo with Loft

      Office condo in Riverview with loft, roll-up door, sprinklered.
      6520 S 301 Hwy, Riverview, FL 33578
      View Details
    • Contact for pricing

      Riverview Land with Mixed-Use Potential

      5.3 acres in Riverview with manufacturing zoning and mixed-use potential.
      8020 S 78Th St, Riverview, FL 33578
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      8,000 SF

      Riverview Office Building - 8,000 SF

      Prime Riverview location, high visibility, 8,000 sq ft.
      10070 Fern Hill Dr, Riverview, FL 33578
      View Details
    • $35 SF/Yr
      25,695 SF

      Riverview Office Space for Lease

      Modern Office Suites, Flexible Sizes
      301 & Big Bnd Rd, Riverview, FL 33578
      View Details
    • Contact for pricing
      10,013 SF

      Riverview Flex Space Available

      10,013 SF climate-controlled flex space in a prime location.
      2926 South Falkenburg Rd, Riverview, FL 33578
      View Details
    • Contact for pricing
      2,300 SF

      Medical Office Space Available

      Well-appointed medical office space with operating room.
      10420-10422 Us Highway 301, Riverview, FL 33578
      View Details
    • $34 SF/Yr
      4,698 SF

      Prime Riverview Medical Space

      Exceptional medical space in a thriving Riverview market.
      10422 S 301, Riverview, FL 33578
      View Details
    • Contact for pricing
      54,408 SF

      Riverview Warehouse with Ample Parking

      54,508 SF warehouse space available for sublease in Riverview.
      7928-7936 Eagle Palm Dr, Riverview, FL 33578
      View Details
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    3140 Falkenburg Rd
    Riverview, FL 33578-2574
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    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
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