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    Property profile & analytics

    9418 Balm Riverview Rd Riverview, FL 33569

    • Office buildings
    • 2,688 SF
    • 0.07 lot acres
    For Sale
    View listing
    $650,000
    Last Sale
    Apr 01, 2025
    $585,000
    Value Estimations
    Cap Rate Potential
    9.5%
    Office buildings
    Location Intelligence
    Property ID
    US18-5288958
    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

    • Apex Chiropractic & Rehab - Drs. Megan & Paul Zaner, D.C. / Alternative Medicine Practice

    Property Details for 9418 Balm Riverview Rd

    Year built
    2007
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.07 lot acres
    Property size
    2,688 SF
    Zone code
    PD
    Property type
    Office buildings
    APN
    U20302090J000000000100
    APU
    U20302090J000000000100

    Description

    This exceptional commercial property at 9418 Balm Riverview Road in Riverview, Florida, presents a unique investment opportunity. The building encompasses 2,688 square feet situated on a 0.07-acre lot. Its strategic location on Balm Riverview Road ensures high visibility and easy access to major transportation routes, making it highly attractive to businesses. The property is zoned PD (Planned Development), offering flexibility for a diverse range of professional uses. The building is comprised of two separate, 1,200 square foot units, each with its own individual address (9416 and 9418) and entrance. Each unit boasts five private offices, a dedicated break area, and a restroom, providing ample space for individual workspaces and fostering a productive environment. This layout is ideal for businesses requiring multiple private offices, such as medical practices, accounting firms, or other small businesses seeking a well-appointed and efficient workspace. The asking price for this prime commercial real estate is $650,000. This property represents a significant opportunity to acquire a well-maintained, versatile office building in a thriving and rapidly growing area of Riverview. Don't miss this chance to secure a valuable asset in a high-demand location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $450,000
      ML approach
      $450,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $705,000
      6.5%
      $655,000
      7%
      $605,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $544,000
      Market price range: $310k - $987k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $665,000
      Current use
      MEDICAL BUILDING
      $665,000
      Change: +0% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $655,000
      Change: -1% Conversion: Difficult
      RETAIL STORES
      $585,000
      Change: -12% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $565,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverview
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3225
    Latitude
    27.8631
    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
    $6,222
    $24,128
    $328,672
    $352,800
    -
    $24,128
    $328,672
    $352,800

    Comparable in this City

    • Value Estimation
      $895,000
      5,664 SF

      11932 Balm Riverview Rd

      OFFICE BUILDING • 5,664 SF
      11932 Balm Riverview Rd, Riverview, FL 33569-6601
      View Details
    • Value Estimation by Request
      2,688 SF

      9412 Balm Riverview Rd

      OFFICE BUILDING • 2,688 SF
      9412 Balm Riverview Rd, Riverview, FL 33569-5116
      View Details
    • Value Estimation
      $550,000
      2,732 SF

      9433 Balm Riverview Rd

      OFFICE BUILDING • 2,732 SF
      9433 Balm Riverview Rd, Riverview, FL 33569-5120
      View Details
    • Value Estimation
      $1,680,000
      7,001 SF

      10845 Boyette Rd

      OFFICE BUILDING • 7,001 SF
      10845 Boyette Rd, Riverview, FL 33569-8012
      View Details
    • Value Estimation by Request
      1,790 SF

      11940 Boyette Rd

      OFFICE BUILDING • 1,790 SF
      11940 Boyette Rd, Riverview, FL 33569-5601
      View Details
    • Value Estimation
      $895,000
      5,664 SF

      11968 Balm Riverview Rd

      OFFICE BUILDING • 5,664 SF
      11968 Balm Riverview Rd, Riverview, FL 33569-6601
      View Details

    Similar Nearby for Sale

    • $650,000
      2,688 SF

      Riverview Office Building - Prime Location

      Two-unit office, high-traffic area, great investment.
      9418 Balm Riverview Rd, Riverview, FL 33569
      View Details
    • $280,000
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      Waterfront Land with Bay Access

      Waterfront land with direct Tampa Bay access in Riverview, Florida.
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    • $2,999,000

      Updated Duplexes in Riverview

      Updated duplexes in Riverview, centrally located with easy highway access.
      11708 Balm Riverview Rd, Riverview, FL 33569
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    • Contact for pricing

      Commercial Land in Riverview, FL

      Prime commercial land for retail or development in Riverview.
      12900 Boyette Rd, Riverview, FL 33569
      View Details
    • $675,000
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      Riverview Commercial Land - 0.93 Acres

      Prime Riverview commercial lot, high traffic area.
      0 Pure Pebble Dr, Riverview, FL 33569
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    • $1,280,000
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      Riverview Residential Land

      12.8 Acres, Prime Development
      0 Rhodine Rd, Riverview, FL 33569
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Riverview Commercial Land for Lease

      1.4 Acres, Highway 301 Frontage
      11308-11312 Us Highway 301, Riverview, FL 33569
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Riverview, FL

      Retail space available in a Publix-anchored shopping center.
      11637-11695 Boyette Rd, Riverview, FL 33569
      View Details
    • Contact for pricing
      75,525 SF

      Goolsby Pointe Retail Space Available

      Hillsborough County retail space for lease.
      11539-11709 Boyette Rd, Riverview, FL 33569
      View Details
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    Riverview, FL 33569
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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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