Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5701 Summerall Vis Cir Riverview, FL 33578-5093
    Property profile & analytics

    5701 Summerall Vis Cir Riverview, FL 33578-5093

    View on Map
    • Office buildings
    • 1,844 SF
    • 20.94 lot acres
    Off-Market
    Last Sale Dec 2, 2021
    $275,000
    Property ID
    US18-1078983
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 5701 Summerall Vis Cir

    Year built
    1955
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    20.94 lot acres
    Property size
    1,844 SF
    Zone code
    ASC-1
    Property type
    Office buildings
    APN
    U053020ZZZ000002808400
    APU
    U053020ZZZ000002808400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverview
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3234
    Latitude
    27.8955
    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
    $58,068
    $1,968,368
    $1,139,374
    $3,107,742
    -
    $1,968,368
    $1,139,374
    $3,107,742

    Comparable in this City

    • Value Estimation by Request
      1,260 SF

      6335 Burts Rd

      OFFICE BUILDING • 1,260 SF
      6335 Burts Rd, Riverview, FL 33578
      View Details
    • Value Estimation
      $2,860,000
      20,698 SF

      3160 Falkenburg Rd

      OFFICE BUILDING • 20,698 SF
      3160 Falkenburg Rd, Riverview, FL 33578-2541
      View Details
    • Value Estimation
      $1,180,000
      4,918 SF

      10011 Water Works Ln

      OFFICE BUILDING • 4,918 SF
      10011 Water Works Ln, Riverview, FL 33578-5304
      View Details
    • Value Estimation
      $3,775,000
      28,352 SF

      3000 Falkenburg Rd

      OFFICE BUILDING • 28,352 SF
      3000 Falkenburg Rd, Riverview, FL 33578
      View Details
    • Value Estimation
      $6,990,000
      53,555 SF

      2846 Falkenburg Rd

      OFFICE BUILDING • 53,555 SF
      2846 Falkenburg Rd, Riverview, FL 33578-2563
      View Details
    • Value Estimation
      $750,000
      614 SF

      10415 Symmes Rd

      OFFICE BUILDING • 614 SF
      10415 Symmes Rd, Riverview, FL 33578-9430
      View Details

    Similar Nearby for Sale

    • $1,499,000

      Versatile Building in Growing Riverview

      4,500 sq ft building on .7 acre lot for sale.
      10517 Riverview Dr, Riverview, FL 33578
      View Details
    • Contact for pricing
      4,575 SF

      Riverview Mixed-Use Office/IOS Asset

      Functional office and industrial space with secure outdoor storage.
      6331 Us Highway 301, Riverview, FL 33578
      View Details
    • $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
      View Details
    • $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
      View Details
    • $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
      View Details

    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
    • 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

      Upscale Office/Warehouse Environment

      Prestigious business park in East Tampa submarket.
      7936 Eagle Palm 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
    • $21,600

      Updated Commercial Space For Rent

      Move-in ready commercial space suitable for office or retail use.
      7410 Commerce St, Riverview, FL 33578
      View Details
    • Contact for pricing
      75,236 SF

      East Tampa Warehouse Space Available

      Class A industrial space in East Tampa submarket for lease.
      6455 South Falkenburg Rd, Riverview, FL 33578
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5701 Summerall Vis Cir
    Riverview, FL 33578-5093
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5701 Summerall Vis Cir, Riverview, FL, 33578
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!