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    Property profile & analytics

    15494 Nebraska Ave Lutz, FL 33549-6150

    • Showrooms
    • 18,340 SF
    • 3.28 lot acres
    OFF-MARKET
    Value Estimations
    $5,400,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3353291
    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

    • Lightning City Gymnastics and Cheerleading / (Bike/Boat/Book/etc) Store / Rental Equipment Company
    • Chau aut / Warehouse & Storage
    • Perdomo Inc / Distribution Center / Logistics Company

    Property Details for 15494 Nebraska Ave

    Year built
    2002
    Construction
    STEEL FRAME
    Lot size
    3.28 lot acres
    Property size
    18,340 SF
    Zone code
    PD
    Property type
    Showrooms
    APN
    U362718ZZZ000000750700
    APU
    U362718ZZZ000000750700

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,795,000
      6.5%
      $3,505,000
      7%
      $3,255,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,240,000
      Market price range: $1.56M - $7.24M
      AI Estimate
      $5,449,000
      Market price range: $898k - $5.45M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,865,000
      Current use
      RESTAURANT
      $8,920,000
      Change: +131% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $6,470,000
      Change: +68% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $4,475,000
      Change: +16% Conversion: Difficult
      MEDICAL BUILDING
      $4,020,000
      Change: +4% Conversion: Easy
      RETAIL STORES
      $3,995,000
      Change: +3% Conversion: Easy
      OFFICE BUILDING
      $3,700,000
      Change: -4% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,460,000
      Change: -10% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lutz
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4528
    Latitude
    28.0927
    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
    $101,722
    $1,823,000
    $4,133,400
    $5,956,400
    -
    $1,823,000
    $4,133,400
    $5,956,400

    Comparable in this City

    • Value Estimation
      $2,415,000
      18,900 SF

      19421 Us Hwy 41

      SHOW ROOM, WAREHOUSE • 18,900 SF
      19421 Us Hwy 41, Lutz, FL 33549-4019
      View Details
    • Value Estimation
      $765,000
      3,730 SF

      19301 Us Hwy 41

      SHOW ROOM, WAREHOUSE • 3,730 SF
      19301 Us Hwy 41, Lutz, FL 33549-4042
      View Details
    • Value Estimation
      $995,000
      9,274 SF

      15921 Florida Ave

      SHOW ROOM, WAREHOUSE • 9,274 SF
      15921 Florida Ave, Lutz, FL 33549-8109
      View Details
    • Value Estimation
      $750,000
      1,200 SF

      1213 Bearss Ave

      SHOW ROOM, WAREHOUSE • 1,200 SF
      1213 Bearss Ave, Lutz, FL 33549-3520
      View Details
    • Value Estimation
      $8,625,000
      86,722 SF

      15402 Nebraska Ave Ste, Unit 101

      SHOW ROOM, WAREHOUSE • 86,722 SF
      15402 Nebraska Ave Ste, Lutz, FL 33549-6149
      View Details
    • Value Estimation
      $785,000
      6,540 SF

      16402 Florida Ave

      SHOW ROOM, WAREHOUSE • 6,540 SF
      16402 Florida Ave, Lutz, FL 33549-6133
      View Details

    Similar Nearby for Sale

    • $1,395,000
      Pending

      Lutz Lakefront Land Opportunity

      Pristine 6+ acre lakefront lot on Lake Hanna.
      18302 Hanna Rd, Lutz, FL 33549
      View Details
    • $150,000
      0.42 Acres

      Residential Land in Gated Community

      Homesite in Sun Ridge Estates, Lutz, build your dream home.
      19915 Dolores Ann Ct, Lutz, FL 33549
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    • Contact for pricing

      Lutz Commercial Land Opportunity

      3.2-acre commercial land with C-2 zoning in Lutz, Florida.
      2112 Land O' Lk Blvd, Lutz, FL 33549
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    • $585,000
      Pending

      Commercial Land on High-Traffic Corridor

      0.29-acre commercial property with frontage on North Florida Avenue.
      16415 N Florida Ave, Lutz, FL 33549
      View Details
    • Contact for pricing

      Willow Bend Development Opportunity

      Land available for development in Willow Bend.
      19999 N Us Highway 41 U.S, Lutz, FL 33549
      View Details
    • Contact for pricing

      Land For Sale in Lutz

      Land available for sale in Lutz, Florida.
      19999 Us Highway 41, Lutz, FL 33549
      View Details

    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
    • 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

      Retail Development Land Available

      Land available for lease or sale in high-income area.
      17710 Us Highway 41, Lutz, FL 33549
      View Details
    • Contact for pricing

      Retail Space on SR-54

      Retail space available on high-traffic SR-54 corridor.
      22952 Fl-54, Lutz, FL 33549
      View Details
    • Contact for pricing

      Lutz Office Space Available

      Office space for rent in Lutz, Florida.
      16110-16122 N Florida Ave, Lutz, FL 33549
      View Details
    • Contact for pricing

      1784 Collier Pkwy, Lutz, FL 33549

      Office Units
      1784 Collier Pkwy, Lutz, FL 33549
      View Details
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    Lutz, FL 33549-6150
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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