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    Property profile & analytics

    6609 78th St Riverview, FL 33578-8803

    • Auto shops
    • 15,076 SF
    • 1.21 lot acres
    OFF-MARKET
    Last Sale
    Oct 19, 2020
    $400,000
    Value Estimations
    $480,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3732851
    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

    • Auto shops

    Property Details for 6609 78th St

    Year built
    1977
    Construction
    STEEL FRAME
    Lot size
    1.21 lot acres
    Property size
    15,076 SF
    Zone code
    M
    Property type
    Auto shops
    APN
    U113019663000001681500
    APU
    U113019663000001681500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $470,000
      ML approach
      $505,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $588,000
      Market price range: $588k - $1.84M

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverview
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3701
    Latitude
    27.8837
    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
    $10,577
    $183,905
    $393,493
    $577,398
    -
    $183,905
    $393,493
    $577,398

    Comparable in this City

    • Value Estimation
      $415,000
      7,380 SF

      7015 Us Hwy 301st S

      AUTO REPAIR, GARAGE • 7,380 SF
      7015 Us Hwy 301st S, Riverview, FL 33578-4344
      View Details
    • Value Estimation
      $270,000
      6,634 SF

      13360 Us Hwy 301st S

      AUTO REPAIR, GARAGE • 6,634 SF
      13360 Us Hwy 301st S, Riverview, FL 33578-9302
      View Details
    • Value Estimation
      $385,000
      7,704 SF

      10301 Big Bnd Rd

      AUTO REPAIR, GARAGE • 7,704 SF
      10301 Big Bnd Rd, Riverview, FL 33578-7414
      View Details
    • Value Estimation
      $250,000
      6,897 SF

      10418 Gibsonton Dr

      AUTO REPAIR, GARAGE • 6,897 SF
      10418 Gibsonton Dr, Riverview, FL 33578-5401
      View Details
    • Value Estimation
      $340,000
      4,908 SF

      12980 Us Hwy 301st S

      AUTO REPAIR, GARAGE • 4,908 SF
      12980 Us Hwy 301st S, Riverview, FL 33578-7400
      View Details
    • Value Estimation
      $395,000
      7,946 SF

      13110 Us Hwy 301st S

      AUTO REPAIR, GARAGE • 7,946 SF
      13110 Us Hwy 301st S, Riverview, FL 33578-7410
      View Details

    Similar Nearby for Sale

    • $799,000
      3,049 SF

      Riverview Retail Investment Opportunity

      High-traffic corner lot, dual-income streams
      7202 Us Highway 301, Riverview, FL 33578
      View Details
    • $750,000
      2,615 SF

      Riverview Retail Investment Opportunity

      High-Yield Storefront Property in Florida
      7503 Broadway St, Riverview, FL 33578
      View Details
    • $3,463,000
      2,493 SF

      Riverview, FL Restaurant For Sale

      Recently signed 20-year lease with options to extend.
      10393 Big Bend Rd, Riverview, FL 33578
      View Details
    • $1,500,000
      1,890 SF

      Riverview Retail/Medical Office

      Turnkey medical office, redevelopment potential.
      10508 Gibsonton Dr, Riverview, FL 33578
      View Details
    • $2,500,000
      6,049 SF

      Riverview Retail Investment Opportunity

      High-Yield O'Reilly's Auto Parts NNN Lease
      10705 Hannaway Dr, Riverview, FL 33578
      View Details
    • $4,090,000
      2,562 SF

      New Starbucks For Sale

      Newly constructed Starbucks with a 10-year net lease.
      10410 Gibsonton Dr, Riverview, FL 33578
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,800 SF

      Retail Building on US 301

      Retail space with high traffic and excellent frontage available for rent.
      8203 Us Highway 301, Riverview, FL 33578
      View Details
    • $20 SF/Yr
      8,000 SF

      Riverview Office Building - 8,000 SF

      Prime Riverview location, high visibility, 8,000 sq ft.
      10070 Fern Hill Dr, Riverview, FL 33578
      View Details
    • Contact for pricing
      22,122 SF

      Riverview Retail Center - For Lease

      High-traffic retail space, ample parking.
      11104 Bloomingdale Ave, Riverview, FL 33578
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Anchored by Walmart

      Retail space in Riverview, Florida, anchored by Walmart Neighborhood Market.
      10817-10863 Bloomingdale Ave, Riverview, FL 33578
      View Details
    • Contact for pricing
      8,800 SF

      Retail Pad Site For Lease

      8,800 SF pad site available for ground lease.
      11114 Bloomingdale Ave, Riverview, FL 33578
      View Details
    • $35 SF/Yr
      25,695 SF

      Riverview Office Space for Lease

      Modern Office Suites, Flexible Sizes
      301 & Big Bnd Rd, Riverview, FL 33578
      View Details
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    6609 78th St
    Riverview, FL 33578-8803
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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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