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    Remodeled Single-Story Retail Building Title is generated by Realmo AI

    4623 LAND O LAKES BOULEVARD, Land O Lakes, FL 34639

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    For Sale
    $775,000

    Retail - LAND O LAKES, FL

    Type:Retail
    Property size:
    1,780 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $435/SF
    Added:
    Apr 22, 2026
    Days on Market:
    44
    Last Refresh:
    Jun 4 at 4:06 am

    Property Features for 4623 LAND O LAKES BOULEVARD

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    C2
    Standard status
    Active
    APN
    18-26-13-003.0-025.00-008.0
    Size
    1,780 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2570.9

    Building Details

    Year built
    1958
    Building materials
    Block
    Architectural style
    Other

    We can help!

    Listing Contact
    Luis Amoretti

    Listing agent Luis Amoretti License #3243614

    Listing office STAR BAY REALTY CORP. 11072 S US Highway 41, Gibsonton, FL

    Listing date Apr 22, 2026

    MLS# TB8500919 Listing URL

    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.

    HighLights

    • Block single‑story commercial building built in 1958 with C2 zoning
    • Nationwide tenant in place (do not disturb) with 2 years left on the lease and 3% annual increases
    • Stated 6.5% cap rate; financials available upon request
    • Fully remodeled interior with new roof, new floors, remodeled restrooms, and new AC
    • Located on the main road of Hwy 41 in Land O’ Lakes, FL
    • On‑site parking lot located in front of the building; billboard does not convey

    Overview

    This turnkey single-story commercial building is presented as fully remodeled retail space under C2 zoning. The improvements listed include a new roof, new floors, remodeled restrooms, and new AC, supporting a modern interior for ongoing tenant use. The property is offered with a parking lot in front of the building and is sized at 1,780 square feet.

    Located at 4623 Land O Lakes Boulevard in Land O’ Lakes, Florida, the site is positioned on the main road of Highway 41, with a parking-forward layout for easy customer access. Public remarks note busy traffic conditions along the corridor. A billboard is referenced as not conveying with the sale. Financials are available upon request.

    The property is currently leased to a nationwide tenant (do not disturb). Per the provided remarks, the tenant has approximately two years remaining on the lease, with 3% year-over-year increases. For buyers seeking a retail asset with turnkey condition and an in-place tenant, the C2 zoning, front parking configuration, and modern building systems are intended to support continued operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Similar Places Nearby

    • The House of Flowers — Land O' Lakes, FL 34639

    Location Insight

    • Map
    • Local Demand
    City
    Land O Lakes
    County
    Pasco
    State
    Florida
    Longitude
    -82.458035
    Latitude
    28.224977

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    FAQs

    What type of property is this?
    Storefront property - Turnkey C2 storefront with remodel updates and parking lot for tenant operations.
    Where is this storefront property located?
    The property is located at 4623 LAND O LAKES BOULEVARD Land O Lakes, FL.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: Block single‑story commercial building built in 1958 with C2 zoning; Nationwide tenant in place (do not disturb) with 2 years left on the lease and 3% annual increases; Stated 6.5% cap rate; financials available upon request
    (678) 698-0538
    We can help!
    Listing Contact
    Luis Amoretti
    Real Estate License ID: 3243614
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    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.

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    4623 LAND O LAKES BOULEVARD, LAND O LAKES, FL 34639
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