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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Office buildings
409 College Ave Ruskin, FL 33570-4709
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-5537103
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,787 SF
Lot
1.45 ac (63,162 SF)
Zoning code
BPO
APN
U0832191UU000000000530
UPID
US18-5537103
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
Current use
Occupant on record · Public records
-
Renaissance Maintenance Association, Inc. Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
$530k
Comparable Approach
Comparable
$614k
Blend (final)
Blend
$680k
Owner & transaction history
Florida First Capital Finance Corp · 2 yrs held
Florida First Capital Finance Corp
since 2023
Last sale
$800,000
5 recorded transactions
Zoning & alternative use
BPO · Ruskin, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+3.1%
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
$705,000
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
$575,000
6.5%
$530,000
7%
$490,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,010,000
Current use
RETAIL STORES
$1,045,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,010,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$905,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$680k
Range $612k – $748k · ±10% · vs last sale $800k (Jun 13 2023)
Last sale anchor
$800k
Jun 13 2023
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
$142 / 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
$11,370
Tax year 2023
Assessed value
$640,800
Assessed 2023
Previous assessed
$622,800
+2.9% YoY
Effective rate
1.77%
On assessed value
Assessed land
$281,557
Assessed improvement
$359,243
Land market value
$281,557
Improvement market value
$359,243
Total market value
$640,800
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
7
Bathrooms
1
Total area
4,787 SF
Lot
1.45 ac (63,162 SF)
Zoning code
BPO
APN
U0832191UU000000000530
UPID
US18-5537103
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
BPO · Ruskin, FL
Zoning BPO · permitted uses
BPO · Ruskin, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ruskin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.0M
RETAIL STORES
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$905,000
OFFICE BUILDING Current
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
7
Bathrooms
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
Florida First Capital Finance Corp
Entity
Free & Clear · 2 yrs held
Mailing address
1351 N GADSDEN ST, TALLAHASSEE, FL 32303-5668
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2023
—
Florida First Capital Finance Corp
J&r Universal Electric LLC
Assignment Of Lease (leasehold Sale)
—
Jun 13, 2023
$800,000
J&r Universal Electric LLC
Wbw Properties LLC
Warranty Deed
$408,450 · Regions Bank
Jun 11, 2012
$135,000
Wbw Properties LLC
Wilson,lou E
Grant Deed
—
Jun 11, 2012
—
Lou E Wilson
L E Wilson & Associates INC
Quit Claim Deed
—
Jun 1, 2000
$155,000
Le Wilson & Associates INC
Farm Credit Central Florida
Grant Deed
$124,000 · Farm Credit Central Florida
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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