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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Office buildings
14807 12th St, Lutz, FL 33549-3508
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-6357649
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
WOOD
Total area
3,224 SF
Lot
0.84 ac (36,750 SF)
Zoning code
M
APN
U3127191D0000000000190
UPID
US18-6357649
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
-
Fieldstone Landscape Services LLC Landscaping (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$335k
CAP Approach
CAP
$355k
Comparable Approach
Comparable
$570k
Blend (final)
Blend
$505k
Owner & transaction history
Fls Re Holdings Lutz LLC · 2 yrs held
Fls Re Holdings Lutz LLC
since 2024
6 recorded transactions
Zoning & alternative use
M · Lutz, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$785,000
+20.9%
Medical building
$705,000
+8.6%
Retail stores
$700,000
+7.9%
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
$335,000
CAP Approach
CAP Return
Estimation
6%
$385,000
6.5%
$355,000
7%
$330,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$650,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$785,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$705,000
Change: +9% · Conversion: Easy
RETAIL STORES
$700,000
Change: +8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$680,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$610,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$157 / 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
$9,477
Tax year 2023
Assessed value
$552,208
Assessed 2023
Previous assessed
$488,888
+13.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$202,125
Assessed improvement
$350,083
Land market value
$202,125
Improvement market value
$350,083
Total market value
$552,208
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
4
Total area
3,224 SF
Lot
0.84 ac (36,750 SF)
Zoning code
M
APN
U3127191D0000000000190
UPID
US18-6357649
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
M · Lutz, FL
Zoning M · permitted uses
M · 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 Current
Est. value
$650,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$785,000
MEDICAL BUILDING
Est. value
$705,000
RETAIL STORES
Est. value
$700,000
COMMERCIAL (GENERAL)
Est. value
$680,000
AUTO REPAIR, GARAGE
Est. value
$610,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1978
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
4
Lot
0.84 ac
Current owner
From public records · entity-resolved
Fls Re Holdings Lutz LLC
Entity
Mailing address
4801 122ND AVE N, CLEARWATER, FL 33762-4422
Ownership since
2024
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
Jan 16, 2024
—
Fls Re Holdings Lutz LLC
Fieldstone Landscape Services LLC
Quit Claim Deed
related
$1,266,500 · Servisfirst Bank
Oct 28, 2011
$268,000
Morgan Dev Group LLC
Enoch,mark & Debra
Warranty Deed
$214,400 · March & Debra Enoch
Apr 8, 2010
—
Mark Enoch
Kursch,john F
Grant Deed
—
Dec 29, 2008
$300,000
John F Kursch
Kursch,paul B
Quit Claim Deed
related
—
—
—
Paul B Kursch
—
Deed Of Trust
related
$350,000 · Mark & Debra Enoch
—
—
Morgan Dev Group LLC
—
Deed Of Trust
related
$269,000 · Usameribank
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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