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

    609 Us Hwy 41 Ruskin, FL 33570-3768

    • Strip malls
    • 11,880 SF
    • 0.75 lot acres
    OFF-MARKET
    Last Sale
    Mar 03, 2023
    Value Estimations
    $330,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2856873
    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

    • Strip malls

    Property Details for 609 Us Hwy 41

    Year built
    1971
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.75 lot acres
    Property size
    11,880 SF
    Zone code
    RTC-1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    U0532191V5000000000010
    APU
    U0532191V5000000000010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $329,000
      Market price range: $330k - $740k

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

    Location Insight

    • Map
    • Local Demand
    City
    Ruskin
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4334
    Latitude
    27.724
    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
    $9,848
    $271,292
    $258,008
    $529,300
    -
    $271,292
    $258,008
    $529,300

    Comparable in this City

    • Value Estimation
      $260,000
      4,964 SF

      17 7th NE Ave

      SHOPPING CENTER, STRIP CENTER • 4,964 SF
      17 7th NE Ave, Ruskin, FL 33570-3646
      View Details
    • Value Estimation
      $735,000
      26,496 SF

      107 7th NE Ave

      SHOPPING CENTER, STRIP CENTER • 26,496 SF
      107 7th NE Ave, Ruskin, FL 33570-3648
      View Details
    • Value Estimation
      $270,000
      16,824 SF

      503 Us Hwy 41

      SHOPPING CENTER, STRIP CENTER • 16,824 SF
      503 Us Hwy 41, Ruskin, FL 33570-3766
      View Details
    • Value Estimation
      $1,235,000
      13,473 SF

      802 Us Hwy 41

      SHOPPING CENTER, STRIP CENTER • 13,473 SF
      802 Us Hwy 41, Ruskin, FL 33570-3542
      View Details
    • Value Estimation
      $365,000
      5,966 SF

      701 Us Hwy 41

      SHOPPING CENTER, STRIP CENTER • 5,966 SF
      701 Us Hwy 41, Ruskin, FL 33570-4700
      View Details
    • Value Estimation
      $300,000
      6,103 SF

      609 24th SE St

      SHOPPING CENTER, STRIP CENTER • 6,103 SF
      609 24th SE St, Ruskin, FL 33570-5223
      View Details

    Similar Nearby for Sale

    • $1,300,000
      1.75 Acres

      Ruskin Hwy 41 Commercial Land

      1.75-acre site, prime location, high traffic.
      2001 Us Highway 41, Ruskin, FL 33570
      View Details
    • $4,600,000
      26,496 SF

      107 7Th Ave, Ruskin, FL 33570

      Retail properties • 26,496 SF
      107 7Th Ave, Ruskin, FL 33570
      View Details
    • $4,000,000

      Ruskin Mixed-Use Land Investment

      9.57 Acres, Two Homes, High Traffic
      1808 Eljay Ln, Ruskin, FL 33570
      View Details
    • $285,000
      2,426 SF

      Ruskin Mixed-Use Investment Opportunity

      Two-building property, tenants in place, high potential.
      205 Shell Point Rd, Ruskin, FL 33570
      View Details
    • $2,500,000

      Ruskin Waterfront Development Opportunity

      5.23 Acres, Mixed-Use Potential, Financing Available
      301 Shell Point Rd, Ruskin, FL 33570
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    • $5,100,000

      Ruskin Land: 5.8 Acres, High Potential

      Prime Ruskin land, 118 units possible.
      107 7Th Ave, Ruskin, FL 33570
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      975 SF

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      Retail space available adjacent to Amazon Fulfillment Center.
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    • $650 /Mo
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      Luxury Salon Suites in Ruskin

      Premium, move-in ready salon suites available for lease.
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    • $240,000

      Spacious Retail and Warehouse Space

      22,000 sq ft building with retail and warehouse space.
      1510 E College Ave, Ruskin, FL 33570
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    • Contact for pricing

      Ruskin Land Parcel For Rent

      Land available for rent in Ruskin, Florida.
      3350 Laurel Ridge Ave, Ruskin, FL 33570
      View Details
    • Contact for pricing
      132,212 SF

      East Tampa Industrial Warehouse Space

      Premier industrial destination with flexible leasing options and modern infrastructure.
      3240 Clover Rdg Ave, Ruskin, FL 33570
      View Details
    • Contact for pricing
      138,673 SF

      East Tampa Industrial Warehouse Space

      Premier industrial destination with flexible leasing options and modern infrastructure.
      1075 30Th St NE, Ruskin, FL 33570
      View Details
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    Ruskin, FL 33570-3768
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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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