12422 BALM RIVERVIEW ROAD
About This Property
Nestled within an established neighborhood, this 1.17-acre corner lot at 12422 Balm Riverview Rd presents a unique opportunity to invest in one of Riverview's most dynamic areas. The 2,322 sq. ft. manufactured structure sits on a beautifully maintained property, perfectly positioned for both work and leisure.
Located just minutes from the vibrant Tampa Bay area, you'll enjoy convenient access to major dining, shopping, and entertainment destinations. The property's central location offers excellent visibility and accessibility, making it ideal for a variety of uses. The seller is currently applying for rezoning to CN or mixed use, opening the door to exciting development possibilities.
With city water and septic already connected, this site is ready for its next phase-whether as an investment, a business venture, or a creative redevelopment project. Don't miss the chance to own land in this fast-growing, high-demand corridor of Riverview, FL.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 5, 2026 | Price Decreased |
$998,000
↓ $202K
(16.8%) | |
| Price Decreased | |||
| Nov 7, 2025 | Listed by KELLER WILLIAMS REALTY AT THE LAKES | $1,200,000 | |
| Listed by KELLER WILLIAMS REALTY AT THE LAKES | |||
| Jul 2, 2024 | Listed | $1,200,000 | |
| Listed | |||
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Residential Corner lot 1.17 acres available for sale. Discover the perfect blend of work and play at the prime location of 12422 Balm Riverview Rd. The 2,322 sf manufactured structure is settled on a beautiful 1.17 acre corner lot. Situated in the bustling hub of Riverview, FL, this area offers an exciting array of nearby amenities and attractions. Minutes from the vibrant Tampa Bay area, this locale provides easy access to a myriad of dining, shopping, and entertainment options. With a dynamic mix of Office, Creative, and Loft spaces available, investors and tenants are poised to capitalize on the thriving energy. The seller is in the process of apply for rezoning to CN or mixed use. City water and septic connected to the site.
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| May 15, 2019 | Sold | ||
| Sold | |||
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About Riverview
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017