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    24791-24799 State Road 54 Lutz, FL 33559

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    For Sale
    $4,833,888

    New construction retail center with long-term tenant leases.

    Property size:
    7,153 SF
    Lot size:
    1.01 Acres

    Property Features for 24791-24799 State Road 54

    General Information

    Size
    7,153 SF
    Lot size
    1.01 Acres

    Source: RIPCO Real Estate | Tampa Agent Ari Ravi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Retail Center For Sale

    This property features new construction completed in 2024, potentially reducing the need for landlord capital expenditures in the coming years and minimizing insurance-related challenges. All three executed leases have a 10-year term. Two of the leases include two 5-year options, while one lease has a single 5-year option, providing long-term stability for the center. The property is a retail center with a total size of 7,153 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Sunglass Hut, German Dodge, Outlet

    Location Insight

    • Map
    • Local Demand
    City
    Lutz
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.40444
    Latitude
    28.186257

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    FAQs

    What type of property is this?
    Shopping center - New construction retail center with long-term tenant leases.
    Where is this shopping center located?
    The property is located at 24791-24799 State Road 54 Lutz, FL.
    What is the asking price?
    The asking price for this property is $4,833,888.
    What are key features of this property?
    This property features: - All three executed leases offer long-term stability with 10-year terms.; - Two leases include two 5-year options, and one lease includes one 5-year option.; - New 2024 construction.
    (813) 921-5640
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    Realmo Value Estimation

    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.

    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.

    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
    24791-24799 State Road 54 Lutz, FL 33559
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