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Property profile & analytics
OFF-MARKET
Estimated value
$4,530,000
Drug stores
18511 Us Hwy 41 Lutz, FL 33549-4456
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-2155118
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,964 SF
Lot
3.39 ac (147,735 SF)
Zoning code
PD
APN
U122718ZZZ000000540101
UPID
US18-2155118
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
-
Bitcoin Depot | BDCheckout Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.96M
Blend (final)
Blend
$4.53M
Owner & transaction history
Walgreen Co · 3 yrs held
Walgreen Co
since 2022
Last sale
$4.7M
6 recorded transactions
Zoning & alternative use
PD · Lutz, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.3M
+123.2%
Apartment house (5+ units)
$5.3M
+61.9%
Neighborhood: shopping center
$3.7M
+12.0%
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
$4,530,000
ML approach
$4,385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,260,000
Current use
RESTAURANT
$7,275,000
Change: +123% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,280,000
Change: +62% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,650,000
Change: +12% · Conversion: Moderate
MEDICAL BUILDING
$3,280,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,150,000
Change: -3% · Conversion: Easy
OFFICE BUILDING
$3,020,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,825,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$4.53M
Range $4.08M – $4.98M · ±10% · vs last sale $4.66M (Dec 5 2022)
Last sale anchor
$4.66M
Dec 5 2022
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
$303 / 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
$54,520
Tax year 2023
Assessed value
$3,056,700
Assessed 2023
Previous assessed
$3,056,700
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$1,173,369
Assessed improvement
$1,883,331
Land market value
$1,173,369
Improvement market value
$1,883,331
Total market value
$3,056,700
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
14,964 SF
Lot
3.39 ac (147,735 SF)
Zoning code
PD
APN
U122718ZZZ000000540101
UPID
US18-2155118
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Lutz, FLZoning PD · permitted uses
PD · 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
RETAIL STORES Current
Est. value
$3.3M
RESTAURANT
Est. value
$7.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.8M
RETAIL STORES Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
3.39 ac
Current owner
From public records · entity-resolved
Walgreen Co
Entity
Free & Clear · 3 yrs held
Mailing address
30 N LA SALLE ST STE #4140, CHICAGO, IL 60602-2900
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2023
—
Project Capricorn Fund V LLC
—
Deed
related
$30,794,177 · Fifth Third Bank NA
Dec 5, 2022
—
Walgreen Co
Project Capricorn Fund V LLC
Lease
—
Dec 5, 2022
$4,657,800
Project Capricorn Fund V LLC
Walgreen Co
Special Warranty Deed
—
Mar 4, 2010
$1,850,000
Walgreen Co
Bdg LLC
Grant Deed
—
Feb 1, 2006
$529,200
Bdg LLC
Weekley,a S JR
Grant Deed
—
Sep 15, 2004
—
A S Weekley JR.
Lutz Realty & Investment Ltd
Warranty Deed
related
—
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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