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Property profile & analytics
FOR LEASE
Retail space
1408 Dale Mabry Hwy, Lutz, FL 33548
Entity Owned
21-yr Hold
Free & Clear
Property ID
US18-5304442
For Lease
1 / 4
$30 SF/Yr
1408 Dale Mabry Hwy, Lutz, FL 33548
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Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Total area
4,500 SF
Lot
3.8 ac (165,440 SF)
Zoning code
00C2
APN
35-26-18-0000-06000-0000
UPID
US18-5304442
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Smoothie King Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Marco's Pizza Restaurant
-
Clear Blue Pool Care (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
Just4BirdsII (Bike/Boat/Book/etc) Store Pet Store
-
Barber Company Lutz Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$739k
Blend (final)
Blend
$590k
Owner & transaction history
1408 South LLC · 21 yrs held
1408 South LLC
since 2005
6 recorded transactions
Zoning & alternative use
00C2 · Lutz, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lutz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lutz submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$355,000
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$680,000
7%
$630,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$905,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$590k
Range $531k – $649k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$131 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$64,734
Tax year 2023
Assessed value
$3,727,535
Assessed 2023
Previous assessed
$3,800,487
-1.9% YoY
Effective rate
1.74%
On assessed value
Assessed land
$754,813
Assessed improvement
$2,972,722
Land market value
$754,813
Improvement market value
$2,972,722
Total market value
$3,727,535
Applied tax rate
9,100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2007
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
7
Stories
1
Units
360
Bathrooms
16
Total area
4,500 SF
Lot
3.8 ac (165,440 SF)
Zoning code
00C2
APN
35-26-18-0000-06000-0000
UPID
US18-5304442
Jurisdiction
PASCO
Zoning & alternative use
00C2 · Lutz, FL
Zoning 00C2 · permitted uses
00C2 · Lutz, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lutz. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$905,000
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
7
Units
360
Bathrooms
16
Lot
3.8 ac
Current owner
From public records · entity-resolved
1408 South LLC
Entity
Free & Clear · 21 yrs held
Mailing address
1614 COLONIAL BLVD STE #101, FORT MYERS, FL 33907-1135
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2005
$1,225,000
1408 South LLC
Friedland,myles & Mary J
Warranty Deed
—
Jul 15, 1998
$340,000
Myles Friedland
Cotterill,mary F
Grant Deed
$258,750 · Village Bank
—
—
1408 South LLC
—
Deed Of Trust
related
$4,500,000 · Encore Bank
—
—
Mary F Cotterill
—
Deed Of Trust
related
$23,333 · Suntrust Bank Nature Coast
—
—
Myles A Friedland
—
Deed Of Trust
related
$2,135 · Regions Bank
—
—
1408 South LLC
—
Deed Of Trust
related
$4,500,000 · Sky Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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