Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lutz Retail Space Available Title is generated by Realmo AI

    1927 PASSERO AVENUE, Lutz, FL 33559

    View on Map
    Claim this Listing
    For Lease
    $31,250 SF/Yr $19,531,250/Mo (calc)

    7,500 sqft retail space for rent in Lutz, Florida.

    Property size:
    7,500 SF
    Added:
    Mar 7, 2026
    Days on Market:
    86
    Last Refresh:
    Mar 16 at 8:25 am

    Property Features for 1927 PASSERO AVENUE

    General Information

    Standard status
    Active
    Size
    7,500 SF

    Building Details

    Year Built
    2004

    We can help!

    Listing Contact
    Alex Khoyi
    Alex Khoyi

    Listing agent Alex Khoyi License #3261907

    Listing office Realty One Group Advantage

    Listing date Mar 7, 2026

    Source Evrealestate

    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 Realty One Group Advantage

    HighLights

    • Central air conditioning for year‑round comfort
    • Built in 2004
    • Located in Pasco County
    • Address: 1927 Passero Ave (building on the left)
    • Accessible via SR 54

    Overview

    This commercial real estate offers 7,500 square feet of retail space available for rent. The property is located on Passero Avenue in Lutz, Florida. To reach the property, take State Road 54 to Passero Avenue; the building is located on the left side at 1927 Passero Avenue in Pasco County.
    Location Intelligence

    Current Use by Public Records

    Two Maids Hardware & Home Improvement Comprehensive Grants Management Business Management Consultant

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lutz
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4116955
    Latitude
    28.1848038

    Nearby Similar for Lease

    • $25 SF/Yr
      7,500 SF

      Lutz Flex/Office Suite For Rent

      Commercial flex/office suite near SR 54 and I-75.
      1927 PASSERO AVENUE, LUTZ, FL 33559
      View Details
    • $2,841/Mo
      1,236 SF

      Lutz Office Suite For Rent

      1,236 SF office suite in NorthPointe Village Shopping Center.
      16540 POINTE VILLAGE DRIVE, LUTZ, FL 33558
      View Details
    • $28 SF/Yr
      1,236-1,236 SF

      Mixed Use - LUTZ, FL

      Office suite in NorthPointe Village Shopping Center at Suncoast Expressway.
      16540 Pointe Village Dr, Unit 206, Lutz, FL 33558
      View Details
    • $3,052/Mo
      3,052 SF

      Retail Space on Dale Mabry

      Highly visible retail space in North Carrollwood, Lutz, Florida.
      17630 N Dale Mabry Hwy, Lutz, FL 33548
      View Details
    • $34,093 SF/Yr
      1,236 SF

      Lutz Office Suite For Rent

      Office suite in NorthPointe Village Shopping Center, Lutz, Florida.
      16540 POINTE VILLAGE Dr 206, Lutz, FL 33558
      View Details
    • $31,250 SF/Yr
      1,250 SF

      Commercial Flex/Office Suite For Rent

      1,250 SF flex/office suite near SR 54 and I-75.
      1927 PASSERO Ave, Lutz, FL 33559
      View Details
    • $3 SF/Yr
      1,040 SF

      Wesley Chapel Office Space Available

      Prime office space in a rapidly growing Florida location.
      26614 MAGNOLIA Blvd, Lutz, FL 33559
      View Details
    • Contact for pricing
      3,000 SF

      Move-in Ready Medical Office Space

      Turn-key medical office in Sun Lake Professional Office Park.
      18956 North Dale Mabry Highway, Lutz, FL 33548
      View Details
    • Contact for pricing
      3,000 SF

      Turn-Key Medical Office Space

      3,000 SF medical office in Sun Lake Professional Office Park.
      18956 N Dale Mabry Hwy, Lutz, FL 33548
      View Details
    • $28 SF/Yr
      1,250 SF

      Professional Services Office Space Available

      Office space with private offices, suitable for professional services.
      3216 Cove Bend Dr, Lutz, FL
      View Details
    • $27 SF/Yr
      1,500 SF

      Lutz Office Space Available

      Professional office space in Lutz with immediate occupancy.
      18926 N Dale Mabry Hwy, Lutz, FL
      View Details
    • Contact for pricing
      1,236 SF

      Lutz Office Space For Rent

      1,236 SF office space in Lutz, move-in ready.
      16540 Pointe Village Dr, Lutz, FL 33558
      View Details

    FAQs

    What type of property is this?
    Retail space - 7,500 sqft retail space for rent in Lutz, Florida.
    Where is this retail space located?
    The property is located at 1927 PASSERO AVENUE Lutz, FL.
    What is the lease rate?
    The lease rate is $31,250.
    What are key features of this property?
    This property features: Central air conditioning for year‑round comfort; Built in 2004; Located in Pasco County
    (727) 846-7777
    We can help!
    Listing Contact
    Alex Khoyi
    Alex Khoyi
    Real Estate License ID: 3261907
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1927 PASSERO AVENUE, LUTZ, FL 33559
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!