Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$58,860,000
High-rise multifamily apartments
9960 Jonas Salk Dr Riverview, FL 33578-7425
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-4282581
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2019
Construction
WOOD
Total area
92,188 SF
Lot
10.01 ac (435,997 SF)
Zoning code
PD
APN
U183120ZZZ000003152500
UPID
US18-4282581
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$50.94M
Blend (final)
Blend
$58.86M
Owner & transaction history
Lola Apartments Riverview LLC · 5 yrs held
Lola Apartments Riverview LLC
since 2021
Last sale
$61.0M
3 recorded transactions
Zoning & alternative use
PD · Riverview, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$44.8M
+37.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Riverview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverview submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$62,505,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$44,830,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$58.86M
Range $52.97M – $64.75M · ±10% · vs last sale $61.00M (May 28 2021)
Last sale anchor
$61.00M
May 28 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$638 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$963,919
Tax year 2023
Assessed value
$58,341,400
Assessed 2023
Previous assessed
$58,341,400
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$2,112,000
Assessed improvement
$56,229,400
Land market value
$2,112,000
Improvement market value
$56,229,400
Total market value
$58,341,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2019
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
5
Stories
4
Units
66
Total area
92,188 SF
Lot
10.01 ac (435,997 SF)
Zoning code
PD
APN
U183120ZZZ000003152500
UPID
US18-4282581
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Riverview, FL
Zoning PD · permitted uses
PD · Riverview, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverview. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$44.8M
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2019
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
4
Buildings
5
Units
66
Lot
10.01 ac
Current owner
From public records · entity-resolved
Lola Apartments Riverview LLC
Entity
Mailing address
822 1ST N STE #310, PONTE VEDRA BEACH, FL 32082-8209
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2021
$61,000,000
Lola Apartments Riverview LLC
Simmons Loop Ventures LLC
Special Warranty Deed
$42,840,000 · Cit Bank NA
Feb 1, 2016
$3,599,000
Simmons Loop Ventures LLC
Simmons Loop Investment LLC
Grant Deed
related
—
May 17, 1999
$260,000
Simmons Loop Investment LLC
Simmons,eliga G
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 9960 Jonas Salk Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
