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Property profile & analytics
OFF-MARKET
Estimated value
$11,830,000
Grocery and convenience stores
16560 Nebraska Ave, Lutz, FL 33549-6172
Entity Owned
23-yr Hold
Free & Clear
Property ID
US18-5597027
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
77,335 SF
Lot
7.77 ac (338,461 SF)
Zoning code
CG
APN
U25271862W000000000010
UPID
US18-5597027
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
-
Publix Pharmacy at Apex Pharmacy
-
City National Bank - Presto ATM Atm
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
higi Medical Clinic
-
Tampa Bay Kennel Club Inc Nightclub Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.68M
Comparable Approach
Comparable
$15.43M
Blend (final)
Blend
$11.83M
Owner & transaction history
PUBLIX SUPER MARKETS INC
PUBLIX SUPER MARKETS INC
Zoning & alternative use
CG · Lutz, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$18.9M
+12.0%
Medical building
$16.9M
+0.6%
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%
$12,655,000
6.5%
$11,680,000
7%
$10,845,000
Alternative Use
Use
Estimation
RETAIL STORES
$16,850,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$18,865,000
Change: +12% · Conversion: Moderate
MEDICAL BUILDING
$16,945,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$16,290,000
Change: -3% · Conversion: Easy
OFFICE BUILDING
$15,610,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$14,590,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$11.83M
Range $10.65M – $13.01M · ±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
$153 / 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
$185,735
Tax year 2023
Assessed value
$11,907,900
Assessed 2023
Previous assessed
$11,907,900
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$4,011,781
Assessed improvement
$7,896,119
Land market value
$4,011,781
Improvement market value
$7,896,119
Total market value
$11,907,900
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
77,335 SF
Lot
7.77 ac (338,461 SF)
Zoning code
CG
APN
U25271862W000000000010
UPID
US18-5597027
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CG · Lutz, FL
Zoning CG · permitted uses
CG · 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
RETAIL STORES Current
Est. value
$16.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.9M
MEDICAL BUILDING
Est. value
$16.9M
COMMERCIAL (GENERAL)
Est. value
$16.3M
OFFICE BUILDING
Est. value
$15.6M
AUTO REPAIR, GARAGE
Est. value
$14.6M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
7.77 ac
Current owner
From public records · entity-resolved
PUBLIX SUPER MARKETS INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 32018, LAKELAND, FL 33802-2018
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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