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

    817 2Nd Ave NW Ruskin, FL 33570

    • Commercial real estate
    For Sale
    View listing
    $375,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2115979
    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

    • Commercial real estate

    Property Details for 817 2Nd Ave NW

    Property type
    Commercial real estate
    APN
    U-07-32-19-1V5-000000-00131.1

    Description

    This exceptional Ruskin, Florida property presents a unique investment opportunity for discerning builders and developers. Located at 817 2nd Ave NW, this fee-simple owned lot boasts an impressive 31,064.4 square feet and offers 180 feet of direct waterfront access to a saltwater canal leading to Tampa Bay. The property's permitted zoning is PD, allowing for significant development potential. According to Hillsborough County regulations under this zoning, the site permits the construction of up to four townhomes or two single-family homes. The property's APN is U-07-32-19-1V5-000000-00131.1 and is located in the 33570 zip code. This double lot presents a rare chance to capitalize on the desirable Ruskin waterfront location and create a high-value residential development. The asking price for this remarkable property is $450,000. Serious inquiries are encouraged to explore the full potential of this exceptional investment opportunity. The property is classified as residential land.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ruskin
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4464272
    Latitude
    27.7200257

    Comparable in this City

    • $4,000,000

      Ruskin Mixed-Use Land Investment

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    • $595,000
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      Ruskin Development Land

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    • $649,900
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      Ruskin Land with Development Potential

      1.18 acre lot in Ruskin, potential mobile home park.
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    • $155,000

      Gated 55+ Community Home

      Well-maintained Ruskin home in a gated 55+ community.
      1710 7Th St SW 85, Ruskin, FL 33570
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    • $700,000
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      Ruskin Waterfront Duplex Investment

      Two-home waterfront retreat, high cash flow.
      3225 Shell Point Rd, Ruskin, FL 33570
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    • $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
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    Similar Nearby for Sale

    • $4,000,000

      Ruskin Mixed-Use Land Investment

      9.57 Acres, Two Homes, High Traffic
      1808 Eljay Ln, Ruskin, FL 33570
      View Details
    • $595,000
      3.18 Acres

      Ruskin Development Land

      3.18-acre commercial/residential lot
      962 Shell Point Rd, Ruskin, FL 33570
      View Details
    • $649,900
      1.18 Acres

      Ruskin Land with Development Potential

      1.18 acre lot in Ruskin, potential mobile home park.
      820 Stephens Rd, Ruskin, FL 33570
      View Details
    • $155,000

      Gated 55+ Community Home

      Well-maintained Ruskin home in a gated 55+ community.
      1710 7Th St SW 85, Ruskin, FL 33570
      View Details
    • $700,000
      2,262 SF

      Ruskin Waterfront Duplex Investment

      Two-home waterfront retreat, high cash flow.
      3225 Shell Point Rd, Ruskin, FL 33570
      View Details
    • $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

    Similar Nearby for Lease

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      975 SF

      Retail Space Near Amazon Center

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      Renovated Mixed-Use Commercial Property

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      Private Office in Established Firm

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    817 2Nd Ave NW
    Ruskin, FL 33570
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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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