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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Medical Office Space
15953 Florida Ave Lutz, FL 33549-8102
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US19-0422116
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,556 SF
Lot
0.06 ac (2,549 SF)
Zoning code
CN
APN
U3627180SM000000000035
UPID
US19-0422116
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
-
WellMed at North Florida Ave. Medical Clinic
-
Dr. Drajash Shah Physician
-
Caring Family Geriatrc Care Center Geriatric Care Provider
-
Holy Family Health Medical Clinic
-
Dr shah Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
$365k
Comparable Approach
Comparable
$720k
Blend (final)
Blend
$580k
Owner & transaction history
15953 N Florida Ave LLC · 2 yrs held
15953 N Florida Ave LLC
since 2024
Last sale
$579,000
7 recorded transactions
Zoning & alternative use
CN · Lutz, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$625,000
+11.4%
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
$580,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
$395,000
6.5%
$365,000
7%
$335,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$560,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$625,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$555,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$540,000
Change: -4% · Conversion: Easy
OFFICE BUILDING
$515,000
Change: -8% · Conversion: Easy
AUTO REPAIR, GARAGE
$480,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $579k (Mar 4 2024)
Last sale anchor
$579k
Mar 4 2024
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
$227 / 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
$9,039
Tax year 2023
Assessed value
$514,800
Assessed 2023
Previous assessed
$514,800
+0.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$101,960
Assessed improvement
$412,840
Land market value
$101,960
Improvement market value
$412,840
Total market value
$514,800
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 BUILDING
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
2,556 SF
Lot
0.06 ac (2,549 SF)
Zoning code
CN
APN
U3627180SM000000000035
UPID
US19-0422116
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CN · Lutz, FL
Zoning CN · permitted uses
CN · 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
MEDICAL BUILDING Current
Est. value
$560,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$625,000
RETAIL STORES
Est. value
$555,000
COMMERCIAL (GENERAL)
Est. value
$540,000
OFFICE BUILDING
Est. value
$515,000
AUTO REPAIR, GARAGE
Est. value
$480,000
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
15953 N Florida Ave LLC
Entity
Mailing address
6707 W WATERS AVE, TAMPA, FL 33634-2211
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2024
$579,000
15953 N Florida Ave LLC
Lakeview Real Estate Ent Lutz LLC
Warranty Deed
—
Feb 4, 2022
$550,000
Lakeview Real Estate Ent Lutz LLC
R & D Alliance LLC
Warranty Deed
—
Mar 13, 2019
$499,000
R & D Alliance LLC
Vidhi Shah LLC
Warranty Deed
$175,000 · Atlanta Postal Cu
Feb 9, 2017
—
Vidhi Shah LLC
—
Deed
related
$350,000 · First Hm Bk
Jul 1, 2005
$162,500
Vidhi Shah LLC
Waterford Const & Dev Co INC
Warranty Deed
$315,903 · Amsouth Bank
—
—
Vidhi Shah LLC
—
Deed Of Trust
related
$60,000 · Regions Bank
—
—
Vidhi Shah LLC
—
Deed Of Trust
related
$350,000 · First Hm Bk
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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