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    Property profile & analytics

    Sr 54 Lutz, FL 33559

    • Land
    • 36.33 lot acres
    For Sale
    View listing
    $6,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Sr 54

    Lot size
    36.33 lot acres
    Property type
    Land
    Property subtype
    Manufacturing properties

    Description

    This exceptional 36.33-acre commercial land parcel in Lutz, Florida, presents a significant development opportunity. Located in Pasco County, with a convenient address on State Road 54, this property boasts high visibility and easy access, situated only two miles from I-75. Zoned C-3 (Commercial, Light Manufacturing), it allows for a variety of uses, including office, industrial, retail, or hotel development. Pre-approved for 240,000 square feet of office and warehouse space, this site offers substantial potential. The property includes completed site plans, surveys, and environmental reports, streamlining the development process. Its location within a rapidly growing area, surrounded by existing retail, residential, and commercial facilities, ensures strong demand and future appreciation. The asking price is $6,500,000. The parcel ID is #14-26-19-0000-00100-0020. The seller will consider a trade or exchange. This is one of the last large parcels available for C-3 zoned commercial development in this thriving area. Detailed engineering documents and a survey are available for review. The property's strategic location and extensive pre-planning make it an attractive investment for developers seeking a prime location in a booming market. The high visibility and direct frontage on SR 54 provide excellent signage opportunities. This presents a rare chance to acquire a substantial land holding in a highly desirable location.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lutz
    County
    Pasco
    State
    Florida
    Longitude
    -82.4153
    Latitude
    28.1847

    Comparable in this City

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      Fl-54

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      Land • 9.87 Acres
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      106,101 SF

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      MANUFACTURING (LIGHT) • 106,101 SF
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      46,265 SF

      4618 Scarborough Dr

      HEAVY MANUFACTURING • 46,265 SF
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      $1,420,000
      7,500 SF

      4212 Cypress Gulch Dr

      MANUFACTURING (LIGHT) • 7,500 SF
      4212 Cypress Gulch Dr, Lutz, FL 33559-6310
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    • Value Estimation by Request
      77,742 SF

      4610 Pet Ln

      DISTRIBUTION WAREHOUSE • 77,742 SF
      4610 Pet Ln, Lutz, FL 33559-6200
      View Details

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      Lutz Commercial Land - 36 Acres

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    • $6,500,000
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      Prime Commercial Land Opportunity

      36.33+/- acres of commercial land in a flourishing area.
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      Lexington Oaks Medical Office Space

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      Retail Space on State Road

      Neighborhood shopping center with high traffic and retail opportunities.
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    Lutz, FL 33559
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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.

    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
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