Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    19017 N Us Highway 41 Lutz, FL 33549

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $499,000

    Established convenience store on a busy highway with retail potential.

    Lot size:
    0.20 Acres

    Property Features for 19017 N Us Highway 41

    General Information

    Standard status
    Active
    Lot size
    0.20 Acres

    We can help!

    Listing Contact
    Team Pillay Pillay
    Source: Exprealty

    Listing Agency: florida express realty Listing Agent: Team Pillay Pillay

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

    Learn more

    Overview

    Lutz Convenience Store on Highway

    This established, closed convenience store is located on US Highway 41 North, offering proximity to the Tampa Bay area. Situated on a busy highway, the property presents business opportunities and may be suitable for other retail uses.
    Location Intelligence

    Current Use by Public Records

    The Latin Spot Supermarket

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Similar Places Nearby

    The Original Latin Spot

    Location Insight

    • Map
    • Local Demand
    City
    Lutz
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.46107
    Latitude
    28.152139

    Nearby Similar for Sale

    • $2,000,000
      6,088 SF

      Lutz Property with Multiple Buildings

      Five-acre property with five buildings suitable for various uses.
      17500 Marsh Rd, Lutz, FL 33558
      View Details
    • $1,500,000
      Pending

      Versatile Property Near Van Dyke Road

      10-acre property with seven buildings, ideal for redevelopment or business.
      17515 Lakeshore Rd, Lutz, FL 33558
      View Details
    • $600,000
      1,847 SF

      Lutz Pool Home on Acreage

      Spacious 5-bedroom home with pool on 0.69 acres.
      820 Crenshaw Lake Rd, Lutz, FL 33548
      View Details
    • New
      $1,100,000
      3,018 SF

      Move-in-Ready Office Building For Sale

      Spacious office suite with modern amenities in a desirable location.
      18540 N Dale Mabry Hwy, Lutz, FL 33548
      View Details
    • $130,000

      Turnkey Shipping Business Opportunity

      Established shipping and packing business in Lutz, Florida for sale.
      E County Line Rd, Lutz, FL 33559
      View Details
    • $3,900,000

      Turnkey Medical Clinic Opportunity

      Profitable medical clinic for sale with real estate included.
      17929 Hunting Bow Cir, Lutz, FL 33558
      View Details
    • $289,900

      Lutz Mobile Home in Community

      2-bedroom, 2-bath mobile home in a gated community.
      1760 Dorothy Blvd, Lutz, FL 33558
      View Details
    • $5,069,767
      2,493 SF

      Chipotle NNN Investment Opportunity

      Long-term NNN lease with corporate guaranteed Chipotle.
      17951 N Dale Mabry Hwy, Lutz, FL 33548
      View Details
    • Contact for pricing
      10,000 SF

      Lutz Suburban Office Complex

      10,000 SF office complex in Lutz, Florida.
      18115 N 41 Hw, Lutz, FL
      View Details
    • $1,699,900

      Lutz Multifamily Investment Opportunity

      Ten-unit multifamily property in Lutz, Florida with significant upgrades.
      2205 Irene St, Lutz, FL 33549
      View Details
    • $4,833,888
      7,153 SF

      New Retail Center For Sale

      New construction retail center with long-term tenant leases.
      24791-24799 State Road 54, Lutz, FL 33559
      View Details
    • $950,000

      Lutz Commercial Property for Sale

      Commercial property with offices, lake, and development potential.
      2902 W Lutz Lake Fern Rd, Lutz, FL 33558
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Established convenience store on a busy highway with retail potential.
    Where is this grocery and convenience store located?
    The property is located at 19017 N Us Highway 41 Lutz, FL.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Located on busy US Hwy 41 N.; - Close proximity to the Tampa Bay area.; - Established closed convenience store.
    (813) 892-2946
    Request Owner's contact information
    19017 N Us Highway 41 Lutz, FL 33549
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    19017 N Us Highway 41
    Lutz, FL 33549
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    19017 N Us Highway 41 Lutz, FL 33549
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Team Pillay Pillay
    (813) 892-2946
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.