9947 COWLEY ROAD
About This Property
The parcel already features an electric post and well with a brand-new pump, giving you a valuable head start whether you plan to build a custom home, create a private retreat, or hold as a long-term investment. With nearly two acres, there's plenty of space for a home, workshop, RV or boat storage, and more - flexibility that's becoming increasingly hard to find in Riverview.
Conveniently located just minutes from I-75, US-301, Big Bend Road, and Gibsonton Drive, you'll enjoy easy access to Downtown Tampa, Brandon, Apollo Beach, and MacDill AFB, along with a straightforward commute to Tampa International Airport (TPA). Shopping, dining, grocery stores, medical facilities, and everyday conveniences are all close by, making this location both practical and desirable.
Surrounded by continued growth and development, the property may also offer future rezoning or alternative use potential (buyer to verify with Hillsborough County), adding to its long-term appeal.
Properties offering this combination of location, acreage, existing utilities, and freedom from HOA/CDD restrictions are increasingly rare. Whether you're ready to build now or secure a strategic piece of Riverview land for the future, this property presents an exceptional opportunity.
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What does this mean?
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%.
How much can I actually make?
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 |
|---|---|---|---|
| Jul 1, 2026 | Sold | ||
| Sold | |||
| May 10, 2026 | In contract | - | |
| In contract | |||
| Mar 13, 2026 | Price Decreased |
$235,000
↓ $15K
(6%) | |
| Price Decreased | |||
| Mar 3, 2026 | Price Decreased |
$250,000
↓ $29K
(10.4%) | |
| Price Decreased | |||
| Feb 21, 2026 | Price Decreased |
$279,000
↓ $10K
(3.5%) | |
| Price Decreased | |||
Property Highlights
Building Info
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About Riverview
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Currently no similar homes aroundNearby Rentals
$2,150 /mo
- 3 Beds
- 2 Baths
- 1,290 ft²
$2,500 /mo
- 3 Beds
- 2 Baths
- 1,263 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017