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Property profile & analytics

24400 State Road 54 Lutz, FL 33559

  • Retail space
  • 3,420 SF
  • 1.00 lot acres
Value Estimation
$6,565,000
Last Sale
Jun 22, 2023
$6,500,000
Location Intelligence
Property ID
US18-3468547
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Brunchies Breakfast, Brunch & Lunch / Breakfast Restaurant

Property Details for 24400 State Road 54

Year built
2006
Lot size
1.00 lot acres
Property size
3,420 SF
Zone code
00C2
Property type
Retail space
APN
33-26-19-0000-00200-0090
APU
3326190000002000090

Description

Eagle Plaza, a two-building retail center totaling 29,695 square feet, presents a prime opportunity in the thriving Wesley Chapel submarket of Lutz, Florida. Built in 2006, this single-story complex boasts a highly visible location on State Road 54, a major thoroughfare with an impressive average daily traffic count of 69,000 vehicles. Currently, 4,130 square feet of retail space is available, including a 3,030-square-foot unit with direct frontage on SR-54. This strategic location offers exceptional visibility and accessibility for businesses seeking high foot traffic. The property benefits from its proximity to key amenities, including a newly constructed EOS Fitness center and 252 multi-family units directly across the street, ensuring a consistent flow of potential customers. Furthermore, its convenient location, just a four-minute drive from the Tampa Premium Outlets and Interstate 75, provides easy access to a wider regional market. The property's address is 24400 State Rd 54, Lutz, FL 33559, and is situated within the Lutz/Wesley Chapel submarket cluster. This presents a rare opportunity to establish or expand a business in a dynamic and rapidly growing area. The property's zip code is 33559. The cross street is Oakgrove Boulevard.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $6,595,000
  • CAP approach

    CAP return
    Estimation
    6%
    $6,175,000
    6.5%
    $6,090,000
    7%
    $6,620,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $5,850,000
    Geo Method
    $6,790,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $5,535,000
    Retail
    $6,415,000
    Mixed-Use
    $6,720,000
    Hospitality
    $7,020,000
    Educational
    $5,735,000
    Residential Income
    $7,090,000
    Energy
    $6,605,000
    Income-Based Land
    $6,750,000
    Food Service
    $7,240,000

Location Insight

  • Map
  • Local Demand
City
Lutz
County
Pasco
State
Florida
Longitude
-82.4129
Latitude
28.1853
CBSA code
45300
CBSA name
TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$28,889
$1,163,060
$660,737
$1,823,797
-
$1,163,060
$660,737
$1,823,797
More about this property
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