Storefront Property With Highway
For Sale
$795,000
18843 N 41 Highway, Lutz, FL 33549
Commercial Sale, LUTZ, FL
Property Size3,576 SF
Lot Size0.82 Acres
Price / SF$222.32
Days on Market129
Property Features for 18843 N 41 Highway
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
CG
Subdivision
EAST NORTH TAMPA
Directions
From I-275 North, take the exit for Fletcher Avenue West, continue west to US Highway 41, turn right (north) on US-41, and continue approximately 6 miles. The property will be on your right.
Standard status
Active
APN
U-12-27-18-0JG-000026-00001.0
Size
3,576 SF
Lot size
0.82 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
EAST NORTH TAMPA LOTS 1 2 3 4 AND 5 AND N 1/2 OF ALLEY ABUTTING THEREON BLOCK 26
Tax Annual Amount
10249
Legal Description
EAST NORTH TAMPA LOTS 1 2 3 4 AND 5 AND N 1/2 OF ALLEY ABUTTING THEREON BLOCK 26
Utilities
Cooling system
Central Air
Building Details
Year built
1962
Floors in Building
1
Building materials
Block
Listing Agency:
RE/MAX PREMIER GROUP · RE/MAX International
(813) 929-7600
Listed By:
Sunny Sidhu · License #3326186
(813) 995-1600
Added: Apr 23
Changed: Aug 24
Last Checked: Aug 29 at 12:06AM
MLS# TB8501903
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This vacant storefront property comprises a 3,576-square-foot building on 0.82 acres. Constructed in 1962 with block materials, the building has central air and requires substantial work, including roof replacement and full interior rehabilitation. Known conditions include mold, and the property is being sold strictly as-is.
The site has direct frontage on US Highway 41 at 18843 N 41 Highway in Lutz, Florida. Approximately 33,500–34,000 vehicles travel past the property daily, and the site is minutes from Dale Mabry Highway and I-275. The property is zoned CG and sits within an established commercial corridor serving a residential trade area.
The site has direct frontage on US Highway 41 at 18843 N 41 Highway in Lutz, Florida. Approximately 33,500–34,000 vehicles travel past the property daily, and the site is minutes from Dale Mabry Highway and I-275. The property is zoned CG and sits within an established commercial corridor serving a residential trade area.
Key Highlights
- 3,576‑square‑foot vacant storefront building on 0.82 acres
- Direct frontage on US Highway 41
- Approximately 33,500–34,000 vehicles pass the property daily
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,107
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$702,140
$702.1K
Cap Rate 7%
$501,529
$501.5K
Cap Rate 9%
$390,078
$390.1K
Market Conditions
NOI Build-Up for 3,576 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$53.6K $15.00/SF
− Vacancy
−$3.5K −$0.98/SF
EGI
$50.2K $14.03/SF
− OpEx
−$15.0K −$4.21/SF
NOI
$35.1K $9.82/SF
Area
Hillsborough County, FL
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$702,140
Cap Rate 7%
$501,529
Cap Rate 9%
$390,078
Alternative Uses
Best Use
Retail
$501.5K
$438.8K – $585.1K
NOI $35,107 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$906.2K – $1.21M
NOI $72,495 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
34,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33549, FL
17,816
Population
7,586
Households
2.3
Avg Household Size
44
Median Age
40%
College-Educated
93%
High-School Grad
12.2 sq mi
ZIP Area
1,460
Density / Sq Mi
$85,066
Median Household Income
$53,991
Median Earnings
$1,582
Median Rent
$339,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Vacant commercial building requiring roof replacement and complete interior rehabilitation, offered strictly as-is.
Where is this storefront property located?
The property is located at 18843 N 41 Highway Lutz, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 3,576‑square‑foot vacant storefront building on 0.82 acres; Direct frontage on US Highway 41; Approximately 33,500–34,000 vehicles pass the property daily
