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Property profile & analytics
OFF-MARKET
Estimated value
$26,565,000
Manufacturing properties
1571 Northpointe Pkwy Lutz, FL 33558-5522
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-8261137
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2018
Total area
206,280 SF
Lot
23.69 ac (1,031,958 SF)
Zoning code
MPUD
APN
31-26-18-0000-00100-0100
UPID
US18-8261137
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
-
Joshuai CO. Marketing & Advertising Advertising Agency
-
Mettler-Toledo Product Inspection Big Box & Wholesale Store
-
Eagle Product Inspection Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$25.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.57M
Owner & transaction history
Land Invs Ptrs LLC 21 · 7 yrs held
Land Invs Ptrs LLC 21
since 2018
2 recorded transactions
Zoning & alternative use
MPUD · Lutz, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$38.1M
+51.8%
Auto repair, garage
$33.7M
+34.5%
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%
$27,585,000
6.5%
$25,465,000
7%
$23,645,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$25,070,000
Current use
COMMERCIAL (GENERAL)
$38,065,000
Change: +52% · Conversion: Difficult
AUTO REPAIR, GARAGE
$33,705,000
Change: +34% · Conversion: Easy
RETAIL STORES
$21,105,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$26.57M
Range $23.91M – $29.22M · ±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
$129 / 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
$395,304
Tax year 2023
Assessed value
$22,557,887
Assessed 2023
Previous assessed
$20,488,226
+10.1% YoY
Effective rate
1.75%
On assessed value
Assessed land
$2,427,364
Assessed improvement
$20,130,523
Land market value
$2,427,364
Improvement market value
$20,130,523
Total market value
$22,557,887
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2018
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Units
3318
Bathrooms
7
Total area
206,280 SF
Lot
23.69 ac (1,031,958 SF)
Zoning code
MPUD
APN
31-26-18-0000-00100-0100
UPID
US18-8261137
Jurisdiction
PASCO
Zoning & alternative use
MPUD · Lutz, FL
Zoning MPUD · permitted uses
MPUD · 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
INDUSTRIAL (GENERAL) Current
Est. value
$25.1M
COMMERCIAL (GENERAL)
Est. value
$38.1M
AUTO REPAIR, GARAGE
Est. value
$33.7M
RETAIL STORES
Est. value
$21.1M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
2018
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
3318
Bathrooms
7
Lot
23.69 ac
Current owner
From public records · entity-resolved
Land Invs Ptrs LLC 21
Entity
Free & Clear · 7 yrs held
Mailing address
1900 POLARIS PKWY, COLUMBUS, OH 43240-4035
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Jan 25, 2019
—
Land Invs Ptrs LLC 21
—
Grant Deed
related
$10,634,800 · Renasant Bk
Oct 8, 2018
$100
Land Invs Ptrs LLC 21
Mettler-toledo LLC
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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