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Property profile & analytics
OFF-MARKET
Estimated value
$450,000
Retail properties & Spaces
1616 Dl Mabry Hwy Lutz, FL 33548-3011
Entity Owned
22-yr Hold
Free & Clear
Property ID
US18-1400563
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1986
Total area
6,900 SF
Lot
2.57 ac (111,949 SF)
Zoning code
00C2
APN
36-26-18-0000-02200-0011
UPID
US18-1400563
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
-
ATM (Perfect Gasoline) Atm
-
Citgo Gas Station
-
U-Haul Neighborhood Dealer Car Rental Facility
-
420 HaBiBi Smoke Shop ( New Location ) (Bike/Boat/Book/etc) Store
-
Sunoco gas station and smoke shop (New location) Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$450k
Owner & transaction history
Estate Equity Partners 3 Real · 22 yrs held
Estate Equity Partners 3 Real
since 2004
3 recorded transactions
Zoning & alternative use
00C2 · 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
$345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$450k
Range $405k – $495k · ±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
$65 / 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
$22,240
Tax year 2023
Assessed value
$1,161,614
Assessed 2023
Previous assessed
$1,164,106
-0.2% YoY
Effective rate
1.91%
On assessed value
Assessed land
$461,417
Assessed improvement
$700,197
Land market value
$461,417
Improvement market value
$700,197
Total market value
$1,161,614
Applied tax rate
3,600.0000
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1986
Heating
NONE
Cooling
NONE
Buildings
5
Stories
1
Units
536
Bathrooms
9
Total area
6,900 SF
Lot
2.57 ac (111,949 SF)
Zoning code
00C2
APN
36-26-18-0000-02200-0011
UPID
US18-1400563
Jurisdiction
PASCO
Zoning & alternative use
00C2 · Lutz, FLZoning 00C2 · permitted uses
00C2 · Lutz, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Units
536
Bathrooms
9
Lot
2.57 ac
Current owner
From public records · entity-resolved
Estate Equity Partners 3 Real
Entity
Free & Clear · 22 yrs held
Mailing address
PO BOX 1469, PORT RICHEY, FL 34673-1469
Ownership since
2004
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
Mar 17, 2004
$2,150,000
Estate Equity Partners 3 Real
Murray Real Estate Investments
Grant Deed
related
—
Dec 12, 2001
$1,550,000
Murray Real Estate Investments
Co-op Stations INC
Grant Deed
$1,240,000 · First National Bank Florida
—
—
Murray Real Estate Inv LLC
—
Deed Of Trust
related
$1,400,000 · Palm Bank
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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