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    3140 Falkenburg Rd Ste, Unit 104 Riverview, FL 33578-2594
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    Property profile & analytics

    3140 Falkenburg Rd Ste, Unit 104 Riverview, FL 33578-2594

    View on Map
    • Office properties & Spaces
    • 5,353 SF
    Off-Market
    Property ID
    US18-8151128
    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
    $1,340,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 3140 Falkenburg Rd Ste

    Year built
    2015
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    5,353 SF
    Zone code
    PD
    Property type
    Office properties & Spaces
    APN
    U312920A36000000001040
    APU
    U312920A36000000001040

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,410,000
      6.5%
      $1,300,000
      7%
      $1,210,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,622,000
      Market price range: $880k - $1.97M
      AI Estimate
      $1,097,000
      Market price range: $468k - $1.28M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,205,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,890,000
      Change: +57% Conversion: Easy
      MEDICAL BUILDING
      $1,325,000
      Change: +10% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,305,000
      Change: +8% Conversion: Difficult
      RETAIL STORES
      $1,165,000
      Change: -3% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,125,000
      Change: -6% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,010,000
      Change: -16% Conversion: Difficult

    Get a detailed, property-specific estimation — 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
    $22,167
    $100
    $1,392,605
    $1,392,705
    -
    $100
    $1,392,605
    $1,392,705

    Comparable in this City

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      CONDOMINIUM OFFICES • 1,250 SF
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    • Value Estimation by Request
      1,250 SF

      6332 Us Hwy 301st Sb3

      CONDOMINIUM OFFICES • 1,250 SF
      6332 Us Hwy 301st Sb3, Riverview, FL 33578-3829
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    • Value Estimation by Request
      1,250 SF

      6320 Us Hwy 301st Sa4

      CONDOMINIUM OFFICES • 1,250 SF
      6320 Us Hwy 301st Sa4, Riverview, FL 33578-3829
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    • Value Estimation
      $715,000
      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 by Request
      2,169 SF

      6152 Delancey Sta St Ste, Unit 205

      CONDOMINIUM OFFICES • 2,169 SF
      6152 Delancey Sta St Ste, Riverview, FL 33578-4206
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    • Value Estimation by Request
      82,790 SF

      3905 Crescent Park Dr

      Refrigerated & Cold Storage • 82,790 SF
      3905 Crescent Park Dr, Riverview, FL 33578
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    Similar Nearby for Sale

    • Contact for pricing
      39,216 SF

      Highway Frontage Commercial Land

      8.6 acres with highway frontage and commercial zoning.
      11769 Us Highway 301, Riverview, FL 33578
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    • $495,000
      2,219 SF

      Riverview Office Space For Sale

      Office space available for purchase in Riverview, Florida.
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    • $1,395,000
      Pending

      Riverview Mixed-Use Redevelopment Opportunity

      Turnkey medical office suitable for retail redevelopment near new hospital.
      10508 Gibsonton Dr, Riverview, FL 33578
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    • $1,499,000
      3,920 SF

      Versatile Mixed-Use Building, Riverview, FL

      Adaptable mixed-use building in a growing Riverview location.
      10517 Riverview Dr, Riverview, FL 33578
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    • $535,000
      2,219 SF

      Versatile Commercial Property in Riverview

      Prime location near US-301, ideal for office, retail, or warehouse.
      10708 Desoto Rd, Riverview, FL 33578
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    Similar Nearby for Lease

    • Contact for pricing

      Prime Land Parcel For Lease

      Multiple outparcel sizes available in high-growth Riverview trade area.
      10114 Gibsonton Dr, Riverview, FL 33578
      View Details
    • Contact for pricing

      Upscale Office/Warehouse Environment

      Prestigious business park in East Tampa submarket.
      7936 Eagle Palm Dr, Riverview, FL 33578
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    • $34 SF/Yr
      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
    • Contact for pricing

      Retail Building with Commercial Kitchen

      8,000 sq ft retail building with commercial kitchen.
      10070 Fern Hill Dr, Riverview, FL 33578
      View Details
    • Sponsored
      Contact for pricing

      FL, Riverview - Crescent Park

      Flexible workspace in FL, Riverview - Crescent Park
      3905 Crescent Park Dr, Riverview, FL 33578
      View Details
    • Contact for pricing
      600 SF

      Updated Commercial Space For Rent

      Move-in ready 600 sq ft commercial space for office/retail use.
      7410 Commerce St, Riverview, FL 33578
      View Details
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    Riverview, FL 33578-2594
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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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