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    Property profile & analytics

    102 Flagship Dr Lutz, FL 33549-5457

    • Strip malls
    • 15,344 SF
    • 1.37 lot acres
    OFF-MARKET
    Value Estimation
    $2,340,000
    Last Sale
    Aug 18, 2023
    $2,520,000
    Location Intelligence
    Property ID
    US18-5299403
    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

    • Relax Massage / Massage Spa
    • World Of Smalls / Balloon Artist / Service Establishment
    • Azalea Massage / Massage Spa
    • Villaggio's Ristorante Italiano / Italian Restaurant

    Property Details for 102 Flagship Dr

    Year built
    1980
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.37 lot acres
    Property size
    15,344 SF
    Zone code
    CG
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    U132718ZZZ000000547100
    APU
    U132718ZZZ000000547100

    Description

    This single-story, 14,023-square-foot medical office building in Lutz, Florida, offers a prime location with excellent visibility and accessibility. Situated on 1.37 acres, the property boasts 70 parking spaces and is conveniently located off US Highway 41, one block south of Sunset Drive in the Village Center, providing easy access to major roadways including I-275, I-75, and the Veterans Expressway via SR 54. Built in 1980 and renovated in 2020, the building features a new roof and a brand-new pylon sign on US 41, along with additional monument signage. The property benefits from high daily traffic counts (44,000+ vehicles) and is surrounded by a dense residential area with various nearby restaurants, retail, and office support services. Currently, a 995-square-foot suite is available for lease

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,355,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,740,000
      6.5%
      $2,715,000
      7%
      $2,755,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,355,000
      Geo Method
      $2,290,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,425,000
      Retail
      $2,455,000
      Mixed-Use
      $2,200,000
      Hospitality
      $2,265,000
      Educational
      $2,115,000
      Residential Income
      $2,320,000
      Energy
      $2,435,000
      Income-Based Land
      $2,110,000
      Food Service
      $2,455,000

    Location Insight

    • Map
    • Local Demand
    City
    Lutz
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.462
    Latitude
    28.1392
    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
    $22,849
    $444,847
    $820,253
    $1,265,100
    -
    $444,847
    $820,253
    $1,265,100

    Comparable in this City

    • Value Estimation by Request
      21,640 SF

      18125 Us Hwy 41

      SHOPPING CENTER, STRIP CENTER • 21,640 SF
      18125 Us Hwy 41, Lutz, FL 33549-6455
      View Details
    • Value Estimation
      $1,965,000
      10,582 SF

      17416 Us Hwy 41

      SHOPPING CENTER, STRIP CENTER • 10,582 SF
      17416 Us Hwy 41, Lutz, FL 33549-4570
      View Details
    • Value Estimation by Request
      6,032 SF

      18468 Us Hwy 41

      SHOPPING CENTER, STRIP CENTER • 6,032 SF
      18468 Us Hwy 41, Lutz, FL 33549-4469
      View Details
    • Value Estimation by Request
      9,932 SF

      15923 Florida Ave

      SHOPPING CENTER, STRIP CENTER • 9,932 SF
      15923 Florida Ave, Lutz, FL 33549-6100
      View Details
    • Value Estimation by Request
      18,656 SF

      16301 Florida Ave

      SHOPPING CENTER, STRIP CENTER • 18,656 SF
      16301 Florida Ave, Lutz, FL 33549-6131
      View Details
    • Value Estimation by Request
      19,817 SF

      101 Flagship Dr

      SHOPPING CENTER, STRIP CENTER • 19,817 SF
      101 Flagship Dr, Lutz, FL 33549-5409
      View Details

    Similar Nearby for Sale

    • $2,000,000
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      Prime 1.38-acre commercial lot in Lutz, FL
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    • $1,999,999
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      Land For Sale in Lutz

      Land available for purchase in Lutz, Florida.
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    • $225,000
      4.32 Acres

      Lutz, FL 4-Acre Land

      4-acre ASC-1 zoned land parcel in Lutz, Florida.
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      Lutz Land with Lake Access

      5-acre lot in gated community with waterfront access.
      105 Bellamere Palms Ct, Lutz, FL 33549
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    Similar Nearby for Lease

    • Contact for pricing
      2,016 SF

      Retail Space Near USF

      Retail property for lease near USF and major roadways.
      2802-2836 E Bearss Ave, Lutz, FL 33549
      View Details
    • $40,500
      194,435 SF

      Lutz Retail Space - SR 54 Frontage

      900 SF Retail Suite, High Traffic Location
      22952 Fl-54, Lutz, FL 33549
      View Details
    • Contact for pricing
      4,700 SF

      Retail Space in Lutz, FL

      Retail space available for lease in Lutz, Florida.
      16336 N Florida Ave, Lutz, FL 33549
      View Details
    • Contact for pricing

      Lutz Retail Land Development

      Prime Lutz location, build-to-suit opportunity.
      17710 Us-41, Lutz, FL 33549
      View Details
    • $4,900 /Mo

      Lutz Commercial Land for Rent

      1.2 acres of C2 zoned commercial land available for rent.
      1618 Land O Lakes Blvd, Lutz, FL 33549
      View Details
    • $32 SF/Yr
      1,600 SF

      Prime Lutz Medical Office Space

      1600 sq ft, New Construction, Great Location
      1784 Collier Pkwy, Lutz, FL 33549
      View Details
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    Lutz, FL 33549-5457
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    Realmo Value Estimation

    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.

    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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