Rehabilitation-Required Flex
18843 N 41 Highway Lutz, FL 33549
For Sale
Under Contract
$795,000
SINGLE_FAMILY - LUTZ, FL
Property Size3,576 SF
Lot Size0.82 Acres
Price / SF$222.32
Days on Market96
Property Features for 18843 N 41 Highway
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- CG
- Standard status
- Active Under Contract
- 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
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1962
- Floors in Building
- 1
- Building materials
- Block
Listing Agency:
RE/MAX PREMIER GROUP
(813) 929-7600
Listed By:
Sunny Sidhu · License #3326186
(813) 995-1600
Added: Apr 23
Changed: Jul 25
Last Checked: Jul 27 at 6:06AM
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 flex building is offered for sale on a 0.82-acre lot with direct frontage on Highway 41. The property requires rehabilitation, with known conditions including mold, roof replacement needed, and full interior rehabilitation required. The sale is strictly as-is.
The site is located minutes from Dale Mabry Highway and I-275, positioned within an established commercial corridor. Highway 41 carries an average daily traffic count of approximately 33,500–34,000 vehicles directly in front of the property.
The building totals 3,576 square feet and is currently vacant, presenting an opportunity for a buyer to reposition the improvements through the needed renovations.
The site is located minutes from Dale Mabry Highway and I-275, positioned within an established commercial corridor. Highway 41 carries an average daily traffic count of approximately 33,500–34,000 vehicles directly in front of the property.
The building totals 3,576 square feet and is currently vacant, presenting an opportunity for a buyer to reposition the improvements through the needed renovations.
Key Highlights
- 0.82‑acre lot with direct frontage on US Hwy 41 in an established commercial corridor near Dale Mabry Hwy and I‑275
- US Hwy 41 averages approximately 33,500–34,000 vehicles per day directly in front of the property
- 1962‑built building constructed with block and served by central air
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.7k | $18.36 |
| − Vacancy | −$3.6k | −$1.01 |
| EGI | $62.0k | $17.35 |
| − OpEx | −$18.6k | −$5.21 |
| NOI | $43.4k | $12.15 |
3,576 SF · lease $18.36/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$620.4K
$542.9K – $723.9K
NOI $43,431 @ 7.0% cap · market cap 5.46%
Second Best
Flex RnD
$549.9K
$481.2K – $641.5K
NOI $38,492 @ 7.0% cap · market cap 4.84%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Vacant flex building on a 0.82-acre site with direct Highway 41 frontage, requiring full rehabilitation.
Where is this flex space 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: 0.82‑acre lot with direct frontage on US Hwy 41 in an established commercial corridor near Dale Mabry Hwy and I‑275; US Hwy 41 averages approximately 33,500–34,000 vehicles per day directly in front of the property; 1962‑built building constructed with block and served by central air
