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

    9960 Jonas Salk Dr Riverview, FL 33578-7425

    • High-rise multifamily apartments
    • 92,188 SF
    • 10.01 lot acres
    OFF-MARKET
    Last Sale
    May 28, 2021
    $61,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4282581
    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

    • High-rise multifamily apartments

    Property Details for 9960 Jonas Salk Dr

    Year built
    2019
    Construction
    WOOD
    Lot size
    10.01 lot acres
    Property size
    92,188 SF
    Zone code
    PD
    Property type
    High-rise multifamily apartments
    APN
    U183120ZZZ000003152500
    APU
    U183120ZZZ000003152500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $50,938,000
      Market price range: $8.12M - $62.5M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $44,830,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverview
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3486
    Latitude
    27.7889
    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
    $963,919
    $2,112,000
    $56,229,400
    $58,341,400
    -
    $2,112,000
    $56,229,400
    $58,341,400

    Comparable in this City

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      $5,895,000
      42,292 SF

      3603 Pavilion Palms Cir

      HIGH-RISE APARTMENTS • 42,292 SF
      3603 Pavilion Palms Cir, Riverview, FL 33578-9036
      View Details
    • Value Estimation
      $4,890,000
      43,236 SF

      9611 Kona Vlg Dr

      HIGH-RISE APARTMENTS • 43,236 SF
      9611 Kona Vlg Dr, Riverview, FL 33578-5209
      View Details
    • Value Estimation
      $7,635,000
      73,374 SF

      6101 Innovation Way

      HIGH-RISE APARTMENTS • 73,374 SF
      6101 Innovation Way, Riverview, FL 33578
      View Details
    • Value Estimation
      $5,175,000
      46,384 SF

      5901 Simpson Rd

      HIGH-RISE APARTMENTS • 46,384 SF
      5901 Simpson Rd, Riverview, FL 33578-3635
      View Details
    • Value Estimation
      $1,450,000
      552 SF

      6010 Duncan Rd

      MOBILE HOME PARK, TRAILER PARK • 552 SF
      6010 Duncan Rd, Riverview, FL 33578
      View Details
    • Value Estimation by Request
      672 SF

      7713 Riverview Dr

      MOBILE HOME PARK, TRAILER PARK • 672 SF
      7713 Riverview Dr, Riverview, FL 33578-7906
      View Details

    Similar Nearby for Sale

    • $1,250,000

      Riverview Land: Prime Development Site

      4.92 Acres, High-Density Potential, Retail-Rich Location
      6426 Brandon Cir, Riverview, FL 33578
      View Details
    • $989,995
      1.90 Acres

      Riverview Residential Land Development

      1.9-acre lot, two vacant homes, prime location.
      11615 &11629 Bloomingdale Ave, 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
      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
    • $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
      View Details

    Similar Nearby for Lease

    • $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
      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

      Land Available For Lease

      1.55 acre commercial land available for ground lease.
      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
    • 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
      View Details
    • 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
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    9960 Jonas Salk Dr
    Riverview, FL 33578-7425
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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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