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    Property profile & analytics

    6619 78th St Riverview, FL 33578-8841

    • Warehouses
    • 28,500 SF
    • 2.13 lot acres
    OFF-MARKET
    Last Sale
    Feb 21, 2020
    $650,000
    Value Estimations
    $765,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1103201
    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

    • Drumco Manufacturing / Boat Accessories Supplier / Service Establishment
    • In Line Awnings / Awning Supplier
    • Modern Flooring / Flooring Store
    • Storefront Security Closures / Security Service / Professional Services
    • Salvadori Custom Cabinets / Cabinet Maker

    Property Details for 6619 78th St

    Year built
    1983
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.13 lot acres
    Property size
    28,500 SF
    Zone code
    M
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    U113019ZZZ000001682300
    APU
    U113019ZZZ000001682300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $765,000
      ML approach
      $895,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverview
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3701
    Latitude
    27.8828
    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
    $17,657
    $315,607
    $709,293
    $1,024,900
    -
    $315,607
    $709,293
    $1,024,900

    Comparable in this City

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      6110 Pelican Crk Cir

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    • Value Estimation
      $335,000
      6,681 SF

      7409 Commerce St

      MINI-WAREHOUSE, STORAGE • 6,681 SF
      7409 Commerce St, Riverview, FL 33578-4885
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    • Value Estimation
      $320,000
      2,496 SF

      8012 78th St

      MINI-WAREHOUSE, STORAGE • 2,496 SF
      8012 78th St, Riverview, FL 33578-8819
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    • Value Estimation
      $590,000
      43,989 SF

      3705 Cres Park Dr

      MINI-WAREHOUSE, STORAGE • 43,989 SF
      3705 Cres Park Dr, Riverview, FL 33578-3601
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    • Value Estimation
      $1,000,000
      40,254 SF

      9811 Progress Blvd

      MINI-WAREHOUSE, STORAGE • 40,254 SF
      9811 Progress Blvd, Riverview, FL 33578-3801
      View Details
    • Value Estimation
      $535,000
      600 SF

      7201 Us Hwy 301st S

      MINI-WAREHOUSE, STORAGE • 600 SF
      7201 Us Hwy 301st S, Riverview, FL 33578-4346
      View Details

    Similar Nearby for Sale

    • $4,499,900
      25,690 SF

      Industrial Building with Fenced Yard

      25,690 SF industrial building on 3.4 acres.
      6508 S 78Th St, Riverview, FL 33578
      View Details
    • $4,000,000
      8.60 Acres

      Riverview Hwy 301 Office Land

      8.6 Acres, Hwy 301 Frontage, $4M
      11769 Us Highway 301, Riverview, FL 33578
      View Details
    • $4,000,000
      8.60 Acres

      Riverview Development Land - 8.6 Acres

      Prime Hwy 301 commercial land, high visibility.
      11769 301 Hwy, Riverview, FL 33578
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    • $750,000
      2,615 SF

      Riverview Retail Investment Opportunity

      High-Yield Storefront Property in Florida
      7503 Broadway St, Riverview, FL 33578
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    • $1,500,000

      Prime Land Near St. Joseph's

      Two-acre commercial land for sale near St. Joseph's Hospital.
      6810 Simmons Loop, Riverview, FL 33578
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    • $1,650,000
      79,279 SF

      Vacant Commercial Land in Riverview

      1.82 acres of commercial land in a high-traffic Riverview location.
      10203 Us Highway 301 S, Riverview, FL 33578
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      54,400 SF

      Oak Creek Commerce Park Warehouse

      Riverview, FL: 54,400 SF Warehouse
      6555 Pelican Creek Cir, Riverview, FL 33578
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    • Contact for pricing
      75,236 SF

      Riverview Warehouse Space Available

      75,236 SF warehouse space available for lease in Riverview.
      6421-6455 S Falkenburg Rd, Riverview, FL 33578
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    • Contact for pricing
      54,408 SF

      Riverview Warehouse with Ample Parking

      54,508 SF warehouse space available for sublease in Riverview.
      7928-7936 Eagle Palm Dr, Riverview, FL 33578
      View Details
    • Contact for pricing
      72,518 SF

      Riverview Warehouse with Rear-Load Design

      72,158 SF warehouse featuring rear-load and modern amenities.
      6421-6429 S Falkenburg Rd, Riverview, FL 33578
      View Details
    • Contact for pricing
      7,200 SF

      Riverview Warehouse Space Available

      Warehouse space for rent in Riverview, Florida.
      6308 Pelican Creek Cir, Riverview, FL 33578
      View Details
    • Contact for pricing
      106,994 SF

      Riverview Warehouse Space Available

      106,994 sq ft warehouse/distribution space in Riverview, Florida.
      4030 Crescent Park Dr, Riverview, FL 33578
      View Details
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    6619 78th St
    Riverview, FL 33578-8841
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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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