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    Property profile & analytics

    16541 Pointe Vlg Dr Lutz, FL 33558-5258

    • Retail space
    • 4,857 SF
    • 1.22 lot acres
    OFF-MARKET
    Value Estimations
    $665,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3892157
    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

    • Delectable Delights / Grocery & Convenience Store / Specialty Food Shop
    • Dr. Brett Berner / Alternative Medicine Practice
    • Foundation Chiropractic - Upper Cervical Chiropractor / Alternative Medicine Practice
    • Dr. Brett Berner - Upper Cervical Chiropractor / Alternative Medicine Practice
    • Family First Wellness: Samantha Lindsay, MD / Pediatrician / Physician

    Property Details for 16541 Pointe Vlg Dr

    Year built
    2007
    Lot size
    1.22 lot acres
    Property size
    4,857 SF
    Zone code
    MPUD
    Property type
    Retail space
    APN
    30-26-18-0000-00400-0031
    APU
    3026180000004000031

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $455,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $795,000
      6.5%
      $735,000
      7%
      $680,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $797,000
      Market price range: $291k - $797k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,065,000
      OFFICE BUILDING
      $980,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lutz
    County
    Pasco
    State
    Florida
    Longitude
    -82.5412
    Latitude
    28.1899
    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
    $57,513
    $1,058,151
    $2,272,920
    $3,331,071
    -
    $1,058,151
    $2,272,920
    $3,331,071

    Comparable in this City

    • Value Estimation
      $955,000
      6,500 SF

      21126 State Rd 54

      RETAIL STORES (PERSONAL SERVICES) • 6,500 SF
      21126 State Rd 54, Lutz, FL 33558-7801
      View Details
    • Value Estimation by Request
      3,337 SF

      19721 State Rd 54

      RETAIL STORES (PERSONAL SERVICES) • 3,337 SF
      19721 State Rd 54, Lutz, FL 33558-7807
      View Details
    • Value Estimation by Request
      2,852 SF

      16540 Pointe Vlg Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,852 SF
      16540 Pointe Vlg Dr, Lutz, FL 33558-5256
      View Details
    • Value Estimation by Request
      42,332 SF

      17634 Harpers Run

      RETAIL STORES (PERSONAL SERVICES) • 42,332 SF
      17634 Harpers Run, Lutz, FL 33558-5736
      View Details
    • Value Estimation
      $755,000
      5,500 SF

      16707 State Rd 54

      CONVENIENCE STORE • 5,500 SF
      16707 State Rd 54, Lutz, FL 33558-3723
      View Details
    • Value Estimation
      $4,875,000
      5,311 SF

      17430 State Rd 54

      CONVENIENCE STORE • 5,311 SF
      17430 State Rd 54, Lutz, FL 33558-5646
      View Details

    Similar Nearby for Sale

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      0.31 Acres

      Residential Land Near Moss Lake

      Buildable residential lot with deeded lake access in Lutz, FL.
      20026 Hideaway Ln, Lutz, FL 33558
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    • Contact for pricing
      1.10 Acres

      Lutz Commercial Land - 1.1 Acres

      Prime Lutz location, commercial land lease
      Lot J- 0.97 Dale Mabry Hwy, Lutz, FL 33558
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    • $665,000
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      Lakefront Land in Lutz, Florida

      Buildable lakefront homesite with privacy and convenient location.
      3 Blount Rd, Lutz, FL 33558
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    • $2,000,000

      Versatile Buildings on Prime Land

      Expansive site with multiple buildings, ideal for various uses.
      17500 Marsh Rd, Lutz, FL 33558
      View Details
    • $950,000
      Pending

      Lutz Commercial Land with Offices

      2.75 acres with existing offices and development potential.
      2902 W Lutz Lake Fern Rd, Lutz, FL 33558
      View Details
    • $1,500,000
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      Lutz 10-Acre Commercial Property

      10-acre property with seven buildings, ideal for redevelopment or business.
      17515 Lakeshore Rd, Lutz, FL 33558
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    Similar Nearby for Lease

    • Contact for pricing
      3,474 SF

      Retail Space in Growing Area

      Retail space available for lease in a rapidly developing area.
      18811 State Road 54, Lutz, FL 33558
      View Details
    • $2,841 /Mo
      1,236 SF

      Lutz Office Suite For Rent

      1,236 SF office suite in NorthPointe Village Shopping Center.
      16540 Pointe Village Dr, Lutz, FL 33558
      View Details
    • Contact for pricing
      190,000 SF

      Sunlake Business Center: 190,000 SF

      New Class A industrial space for lease.
      18374 Pasco Business Ctr, Lutz, FL 33558
      View Details
    • $28 SF/Yr
      25,000 SF

      Lutz Office Space for Lease

      Class A Office, 3,298-11,888 SF Available
      16506 Pointe Village Dr, Lutz, FL 33558
      View Details
    • Contact for pricing
      171,000 SF

      Sunlake Business Center: Lutz, FL

      Modern Industrial Space for Lease
      18381 Pasco Business Ctr, Lutz, FL 33558
      View Details
    • Contact for pricing

      Newly Constructed Class A Office

      Class A customizable office suites in a rapidly growing market.
      1785 Northpointe Pkwy, Lutz, FL 33558
      View Details

    Property Visit Statistics

    • Visits by month
      18.8k
    • Visitors by month
      15.0k
    • Avg Time on site
      69 min
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    Lutz, FL 33558-5258
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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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