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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Office buildings
16110 Florida Ave Lutz, FL 33549-6129
Entity Owned
11-yr Hold
Free & Clear
Property ID
US19-0528915
Property summary
AI-generated overview
This 1,500 square foot office space is available for lease within a larger 10,500 square foot building located at 16110 N Florida Ave in Lutz, Florida. The property is classified as a Class B building and was constructed in 1988. The space is part of a single-tenant occupancy within the North Wood Plaza complex. The building offers ample parking with 20 spaces available for tenants and visitors. This traditional office space presents a fantastic opportunity for businesses seeking a convenient and accessible location. The property's zoning is designated as CN. Its prime location provides easy access to Interstate 275 and Bearss Avenue, ensuring convenient commutes for employees and clients. The property's Hillsborough County location offers a strategic advantage for businesses operating within the Tampa Bay area. The APN is U-25-27-18-ZZZ-000000-65480.0. While 1,500 square feet are currently vacant, the entire building encompasses 10,500 square feet. This presents a potential opportunity for expansion within the same building should future needs arise.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,573 SF
Lot
0.61 ac (26,600 SF)
Zoning code
CN
APN
U252718ZZZ000000654800
UPID
US19-0528915
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
-
Echelon-Health Concierge Medicine Medical Clinic
-
Dr. Tommy C. McElroy, MD Physician
-
Bamboo Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.17M
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.16M
Owner & transaction history
Northwood Plaza LLC · 11 yrs held
Northwood Plaza LLC
since 2014
3 recorded transactions
Zoning & alternative use
CN · 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%
$1,270,000
6.5%
$1,170,000
7%
$1,085,000
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±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
$109 / 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
$20,943
Tax year 2023
Assessed value
$1,244,900
Assessed 2023
Previous assessed
$1,154,900
+7.8% YoY
Effective rate
1.68%
On assessed value
Assessed land
$359,100
Assessed improvement
$885,800
Land market value
$359,100
Improvement market value
$885,800
Total market value
$1,244,900
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
5
Rooms
5
Total area
10,573 SF
Lot
0.61 ac (26,600 SF)
Zoning code
CN
APN
U252718ZZZ000000654800
UPID
US19-0528915
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.
Building & site characteristics
From public records
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
5
Rooms
5
Lot
0.61 ac
Current owner
From public records · entity-resolved
Northwood Plaza LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 13981, TAMPA, FL 33681-3981
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2014
—
Northwood Plaza LLC
Barnett,james A & Mary A
Grant Deed
related
—
Apr 24, 2014
$960,000
Northwood Plaza LLC
James A Barnett
Warranty Deed
$689,500 · Republic Bank
Aug 17, 2005
$1,200,000
James A Barnett
Westfall,john
Warranty Deed
$960,000 · Bank Of St Petersburg
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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