Add Listing
    For Lease
    • 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

    24400 State Rd 54 Lutz, FL 33559

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space with frontage on State Road 54 available for rent.

    Type:Retail
    Property size:
    3,030 SF
    Added:
    Feb 15, 2024
    Days on Market:
    791
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 24400 State Rd 54

    General Information

    Standard status
    Active
    Size
    3,030 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2006

    Spaces For Lease

    at 24400 State Rd 54 Contact us

    We can help!

    Listing Contact
    Alex Wright

    Listing agent Alex Wright License #FL

    Listing office Franklin Street Tampa

    Listing date Feb 15, 2024

    Source Crexi

    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 Franklin Street Tampa

    Overview

    Retail Space on High-Traffic Corridor

    This retail space offers 3,030 square feet with frontage on State Road 54, a high-traffic corridor experiencing an average daily traffic count of 69,000 vehicles. The property is located directly across the street from a newly constructed EOS Fitness and 252 multi-family units. It is also situated just a 4-minute drive from Tampa Premium Outlets and I-75.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Brunchies Breakfast, Brunch ... Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lutz
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4127997
    Latitude
    28.1850434

    Nearby Similar for Lease

    • $25/mo

      Lutz Flex/Office Suite For Rent

      Commercial flex/office suite near SR 54 and I-75.
      1927 PASSERO AVENUE, LUTZ, FL 33559
      View Details
    • Contact for pricing

      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/mo

      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/mo

      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

      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

      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
    • Contact for pricing

      Newly Constructed Class A Office

      Class A customizable office suites in a rapidly growing market.
      1785 Northpointe Parkway, Lutz, FL, 33558
      View Details
    • $28/mo

      Professional Services Office Space Available

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

      Lutz Office Space Available

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

      Retail Space Near USF

      Retail property for lease near USF and major roadways.
      2802-2836 E Bearss Ave, Lutz, FL
      View Details
    • Contact for pricing

      Lutz Office Space For Rent

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

      Retail Space in Lutz, FL

      Retail space available for lease in Lutz, Florida.
      16336 N Florida Ave, Lutz, FL
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with frontage on State Road 54 available for rent.
    Where is this retail space located?
    The property is located at 24400 State Rd 54 Lutz, FL.
    What are key features of this property?
    This property features: High‑traffic location on SR‑54 with an impressive 69,000 average daily traffic count.; Located directly across from newly constructed EOS Fitness and 252 Multi‑Family Units.; Only a 4‑minute drive to Tampa Premium Outlets.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Alex Wright
    Real Estate License ID: FL
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!