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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Office buildings
1843 Collier Pkwy Lutz, FL 33549-8718
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-3468310
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2000
Total area
4,063 SF
Lot
1.04 ac (45,201 SF)
Zoning code
MPUD
APN
31-26-19-0000-00100-0024
UPID
US18-3468310
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
-
New Normal Health Physician
-
Florida Insurance Team Insurance Agency
-
The Zen Spa Spa & Massage Center Skin Care Clinic
-
George F. Young, Inc. Land Surveyor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$450k
Comparable Approach
Comparable
$800k
Blend (final)
Blend
$655k
Owner & transaction history
Mrs Property Management LLC · 7 yrs held
Mrs Property Management LLC
since 2019
2 recorded transactions
Zoning & alternative use
MPUD · Lutz, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+24.7%
Medical building
$890,000
+8.6%
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%
$485,000
6.5%
$450,000
7%
$420,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$820,000
Current use
RETAIL STORES
$1,020,000
Change: +25% · Conversion: Moderate
MEDICAL BUILDING
$890,000
Change: +9% · Conversion: Easy
COMMERCIAL (GENERAL)
$755,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$161 / 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
$25,273
Tax year 2023
Assessed value
$1,457,395
Assessed 2023
Previous assessed
$1,355,435
+7.5% YoY
Effective rate
1.73%
On assessed value
Assessed land
$184,283
Assessed improvement
$1,273,112
Land market value
$184,283
Improvement market value
$1,273,112
Total market value
$1,457,395
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
2
Units
913
Bathrooms
9
Total area
4,063 SF
Lot
1.04 ac (45,201 SF)
Zoning code
MPUD
APN
31-26-19-0000-00100-0024
UPID
US18-3468310
Jurisdiction
PASCO
Zoning & alternative use
MPUD · Lutz, FL
Zoning MPUD · permitted uses
MPUD · 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
OFFICE BUILDING Current
Est. value
$820,000
RETAIL STORES
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$890,000
COMMERCIAL (GENERAL)
Est. value
$755,000
OFFICE BUILDING Current
RETAIL STORES
MEDICAL 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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Units
913
Bathrooms
9
Lot
1.04 ac
Current owner
From public records · entity-resolved
Mrs Property Management LLC
Entity
Mailing address
6707 W WATERS AVE, TAMPA, FL 33634-2211
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2019
$1,805,000
Mrs Property Management LLC
Parkway Venture Group LLC
Warranty Deed
—
—
—
Parkway Venture Group LLC
—
Deed Of Trust
related
$1,000,000 · Suncoast FCU
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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