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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Medical Office Space
1430 Dl Mabry Hwy Lutz, FL 33548-3007
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-3386765
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2017
Total area
10,721 SF
Lot
0.92 ac (40,075 SF)
Zoning code
MPUD
APN
35-26-18-0000-06000-0010
UPID
US18-3386765
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
-
Lettuce Lake Emergency Physicians Llc Medical Clinic
-
HCA Florida Lutz Emergency Hospital
-
Julie-Lee Morales Physician
-
CATERINA NICOLE ROVOLETTO Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.52M
Comparable Approach
Comparable
$884k
Blend (final)
Blend
$1.31M
Owner & transaction history
New Port Richey Hospital INC · 10 yrs held
New Port Richey Hospital INC
since 2016
2 recorded transactions
Zoning & alternative use
MPUD · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,650,000
6.5%
$1,520,000
7%
$1,415,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,160,000
Change: -8% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,995,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±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
$122 / 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
$39,532
Tax year 2023
Assessed value
$2,263,076
Assessed 2023
Previous assessed
$2,081,752
+8.7% YoY
Effective rate
1.75%
On assessed value
Assessed land
$629,415
Assessed improvement
$1,633,661
Land market value
$629,415
Improvement market value
$1,633,661
Total market value
$2,263,076
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2017
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
600
Bathrooms
5
Total area
10,721 SF
Lot
0.92 ac (40,075 SF)
Zoning code
MPUD
APN
35-26-18-0000-06000-0010
UPID
US18-3386765
Jurisdiction
PASCO
Zoning & alternative use
MPUD · Lutz, FLZoning MPUD · permitted uses
MPUD · Lutz, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2017
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
600
Bathrooms
5
Lot
0.92 ac
Current owner
From public records · entity-resolved
New Port Richey Hospital INC
Entity
Free & Clear · 10 yrs held
Mailing address
1 PARK PLZ, NASHVILLE, TN 37203-6527
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2016
$1,650,000
New Port Richey Hospital INC
Canaan Dev Corp
Warranty Deed
—
Mar 23, 2009
—
Canaan Dev Corp
Canaan Corp
Quit Claim Deed
—
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.
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