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Property profile & analytics
OFF-MARKET
Estimated value
$35,880,000
Office buildings
4145 Falkenburg Rd, Riverview, FL 33578-8652
Entity Owned
18-yr Hold
Free & Clear
Property ID
US18-3666157
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
182,498 SF
Lot
11.22 ac (488,530 SF)
Zoning code
PD
APN
U3629199D1000000000030
UPID
US18-3666157
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
-
Spectrum Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$44.34M
Comparable Approach
Comparable
$37.76M
Blend (final)
Blend
$35.88M
Owner & transaction history
Bright House Networks LLC · 18 yrs held
Bright House Networks LLC
since 2008
2 recorded transactions
Zoning & alternative use
PD · Riverview, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$45.2M
+10.0%
Neighborhood: shopping center
$44.5M
+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%
$48,035,000
6.5%
$44,340,000
7%
$41,170,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$41,080,000
Current use
MEDICAL BUILDING
$45,200,000
Change: +10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$44,520,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$39,760,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$38,440,000
Change: -6% · Conversion: Easy
AUTO REPAIR, GARAGE
$34,435,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$35.88M
Range $32.29M – $39.47M · ±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
$197 / 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
$566,471
Tax year 2023
Assessed value
$32,403,200
Assessed 2023
Previous assessed
$30,749,900
+5.4% YoY
Effective rate
1.75%
On assessed value
Assessed land
$5,373,830
Assessed improvement
$27,029,370
Land market value
$5,373,830
Improvement market value
$27,029,370
Total market value
$32,403,200
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 (MULTI-STORY)
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
1
Total area
182,498 SF
Lot
11.22 ac (488,530 SF)
Zoning code
PD
APN
U3629199D1000000000030
UPID
US18-3666157
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
$41.1M
MEDICAL BUILDING
Est. value
$45.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$44.5M
RETAIL STORES
Est. value
$39.8M
COMMERCIAL (GENERAL)
Est. value
$38.4M
AUTO REPAIR, GARAGE
Est. value
$34.4M
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
1
Lot
11.22 ac
Current owner
From public records · entity-resolved
Bright House Networks LLC
Entity
Free & Clear · 18 yrs held
Mailing address
PO BOX 7467, CHARLOTTE, NC 28241-7467
Ownership since
2008
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
Mar 21, 2008
—
Bright House Networks LLC
Interchange Center Prop Owners
Grant Deed
related
—
Mar 13, 2008
$24,219,400
Bright House Networks LLC
Fr Of Cal Interchange LLC
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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