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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Medical Office Space
17729 Hunting Bow Cir Lutz, FL 33558-5370
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2929792
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Total area
2,500 SF
Lot
0.06 ac (2,609 SF)
Zoning code
0PO2
APN
29-26-18-0050-00000-0040
UPID
US18-2929792
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
-
Florida Risk Partners, LLC Insurance Agency
-
Johnny Galdos Realtor Ark Realty Real Estate Agency
-
Jessica Mosquera Real Estate Agency
-
Alltrust Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
$355k
Comparable Approach
Comparable
$517k
Blend (final)
Blend
$535k
Owner & transaction history
Sjja Realty LLC · 3 yrs held
Sjja Realty LLC
since 2023
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
0PO2 · Lutz, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$630,000
+14.9%
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
$530,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
$385,000
6.5%
$355,000
7%
$330,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$550,000
Current use
RETAIL STORES
$630,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$505,000
Change: -8% · Conversion: Easy
COMMERCIAL (GENERAL)
$465,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $625k (Jan 12 2023)
Last sale anchor
$625k
Jan 12 2023
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
$214 / 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
$6,219
Tax year 2023
Assessed value
$483,501
Assessed 2023
Previous assessed
$466,239
+3.7% YoY
Effective rate
1.29%
On assessed value
Assessed land
$176,108
Assessed improvement
$307,393
Land market value
$176,108
Improvement market value
$307,393
Total market value
$483,501
Applied tax rate
9,100.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
2,500 SF
Lot
0.06 ac (2,609 SF)
Zoning code
0PO2
APN
29-26-18-0050-00000-0040
UPID
US18-2929792
Jurisdiction
PASCO
Zoning & alternative use
0PO2 · Lutz, FLZoning 0PO2 · permitted uses
0PO2 · Lutz, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$550,000
RETAIL STORES
Est. value
$630,000
OFFICE BUILDING
Est. value
$505,000
COMMERCIAL (GENERAL)
Est. value
$465,000
MEDICAL BUILDING Current
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2008
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Sjja Realty LLC
Entity
Mailing address
3503 BRAEMAR ST, LAND O LAKES, FL 34638-7840
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2023
$625,000
Sjja Realty LLC
Rk Asset Management LLC
Warranty Deed
$468,700 · Bank Of America NA
Feb 24, 2012
$67,000
Florida Busn Dev Corp
Rk Asset Management LLC
Grant Deed
—
Dec 28, 2011
$150,000
Rk Asset Management LLC
Pi Holdings 1 INC
Grant Deed
$80,500 · Usameribank
May 31, 2011
$100
Pi Holdings 1 INC
Khc Management LLC Coc
Trustees Deed
related
—
Jan 1, 2008
$312,500
Owner Name Unavailable
Owner Name Unavailable
Warranty Deed
related
—
Jun 1, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Rk Asset Management LLC
—
Deed Of Trust
related
$80,500 · Usameribank
—
—
Rk Asset Mangement LLC
—
Deed Of Trust
related
$67,000 · Florida Business Dev Corp
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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