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Property profile & analytics
OFF-MARKET
Estimated value
$7,635,000
High-rise multifamily apartments
6101 Innovation Way Riverview, FL 33578
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-6854036
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2020
Construction
WOOD
Total area
73,374 SF
Lot
14.43 ac (628,571 SF)
Zoning code
PD
APN
U123019663000001682700
UPID
US18-6854036
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.66M
Blend (final)
Blend
$7.64M
Owner & transaction history
Mmi Brn Propco LLC · 8 yrs held
Mmi Brn Propco LLC
since 2018
7 recorded transactions
Zoning & alternative use
PD · Riverview, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.64M
Range $6.87M – $8.40M · ±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
$104 / 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
$898,890
Tax year 2023
Assessed value
$61,174,500
Assessed 2023
Previous assessed
$61,174,500
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$685,714
Assessed improvement
$60,488,786
Land market value
$685,714
Improvement market value
$60,488,786
Total market value
$61,174,500
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2020
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
6
Stories
4
Units
63
Total area
73,374 SF
Lot
14.43 ac (628,571 SF)
Zoning code
PD
APN
U123019663000001682700
UPID
US18-6854036
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.
Building & site characteristics
From public records
Year built
2020
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
4
Buildings
6
Units
63
Lot
14.43 ac
Current owner
From public records · entity-resolved
Mmi Brn Propco LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1600 PNE BLF AVE, ORLANDO, FL 32806-2344
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2018
—
Mmi Brn Propco LLC
—
Grant Deed
related
$25,000,000 · Grc 2018 Rally Brandon Bridge
Mar 14, 2018
$3,200,000
Mmi Brn Propco LLC
Pacer Financial LLC
Grant Deed
—
Jan 7, 2013
—
Pacer Financial LLC
—
Trustees Deed
related
$500,000 · Philip H Kohl
Oct 3, 2011
$950,000
Pacer Financial LLC
Crm Florida Properties LLC
Grant Deed
related
—
Sep 28, 2011
$5,100
Crm Florida Properties LLC
Marshall Of Hillsborough Cnty
Trustees Deed
—
Aug 12, 2011
$5,100
Crm Florida Properties LLC
Marshal Of Hillsborough County
Trustees Deed
—
Sep 22, 2008
—
Falkenburg Road LLC
Jacaranda Holdings INC
Warranty Deed
related
—
Sep 11, 2008
—
Delaney Creek Crossing LLC
Falkenburg Road LLC
Warranty Deed
related
—
Mar 18, 2008
$2,978,800
Delaney Creek Crossing LLC
Falkenburg Road LLC
Grant Deed
$1,936,000 · Suntrust Bank NA
May 8, 2006
$2,210,000
Falkenburg Road LLC
Jacaranda Holdings INC
Grant Deed
$3,025,000 · Suntrust Bank NA
Aug 6, 1996
$500,000
Jacaranda Holdings INC
Clerk Of The Cou
Grant Deed
related
—
—
—
Pacer Financial LLC
—
Deed Of Trust
related
$1,000,000 · Philip H Kohl
—
—
Delaney Creek Crossing LLC
—
Deed Of Trust
related
$3,025,000 · Suntrust Bank NA
—
—
Mmi Brn Propco LLC
—
Loan Modification
related
$41,000,000 · Old Nat'l Bk
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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