Lakefront Office
15951 N Florida Ave, Lutz, FL 33549
For Sale
Contact for pricing
Vacant at delivery, the property pairs a front office with a separate rear garage building.
Property Size1,942 SF
Price / SF$267.77
Days on Market13
Property Features for 15951 N Florida Ave
General Information
Standard status
Size
Property subtype
Additional Details
Condition
Road Access
Property Use
Building Details
Buildings
Listing Agency:
Tampa Office
Listed By:
Sean Sutherland · License #SL3643439
(813) 387-4728
Source:
Crexi
Added: Oct 28
Changed: Nov 8
Last Checked: Nov 8 at 4:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tampa Office
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property comprises two buildings totaling 1,942 SF under roof. The front structure serves as office space, while a separate garage building sits behind it. Of the total area, 1,418 SF is heated and cooled. The property will be vacant at closing, and a pontoon boat is included in the sale.
The parcel extends from N Florida Ave to the shore of Long Lake, providing both street access and a lakefront setting.
The parcel extends from N Florida Ave to the shore of Long Lake, providing both street access and a lakefront setting.
Key Highlights
- 1,942 SF under roof across two buildings
- 1,418 SF of heated and cooled space
- Parcel extends from N Florida Ave to Long Lake
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,646
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,920
$472.9K
Cap Rate 7%
$337,800
$337.8K
Cap Rate 9%
$262,733
$262.7K
Market Conditions
NOI Build-Up for 1,942 SF
Gross rent
$38.0K $19.56/SF
− Vacancy
−$6.5K −$3.33/SF
EGI
$31.5K $16.23/SF
− OpEx
−$7.9K −$4.06/SF
NOI
$23.6K $12.18/SF
Area
Hillsborough County, FL
Vacancy
17.00%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,920
Cap Rate 7%
$337,800
Cap Rate 9%
$262,733
Alternative Uses
Best Use
Office B
$337.8K
$295.6K – $394.1K
NOI $23,646 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$562.4K
$492.1K – $656.2K
NOI $39,369 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
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
$339,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Hillsborough County, FL
Properties on Market for Office buildings in Hillsborough County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Vacant at delivery, the property pairs a front office with a separate rear garage building.
Where is this office building located?
The property is located at 15951 N Florida Ave Lutz, FL.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 1,942 SF under roof across two buildings; 1,418 SF of heated and cooled space; Parcel extends from N Florida Ave to Long Lake
