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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Office buildings
18550 Dl Mabry Hwy, Lutz, FL 33548-7900
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-3705038
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,728 SF
Lot
0.1 ac (4,364 SF)
Zoning code
PD
APN
U152718ZZZ000000578905
UPID
US18-3705038
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
-
Twin Lakes HOA Association / Organization
-
Berkshire Hathaway HomeServices Florida Properties Group Real Estate Agency
-
Jim Heitner, Tampa Bay Real Estate Agent Real Estate Agency
-
Ashford Green Condominium Association, Inc. Charitable Organization Social Service Agency
-
Somerset Park Condominium Association, Inc. Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$915k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$985k
Blend (final)
Blend
$955k
Owner & transaction history
Bama V LLC · 3 yrs held
Bama V LLC
since 2023
Last sale
$1.0M
3 recorded transactions
Zoning & alternative use
PD · Lutz, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+21.0%
Medical building
$1.0M
+8.7%
Retail stores
$1.0M
+8.1%
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
$880,000
ML approach
$915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$955,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,155,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$1,035,000
Change: +9% · Conversion: Easy
RETAIL STORES
$1,030,000
Change: +8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$995,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$890,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±10% · vs last sale $1.00M (Jun 23 2023)
Last sale anchor
$1.00M
Jun 23 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
$202 / 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
$16,084
Tax year 2023
Assessed value
$942,800
Assessed 2023
Previous assessed
$930,711
+1.3% YoY
Effective rate
1.71%
On assessed value
Assessed land
$196,380
Assessed improvement
$746,420
Land market value
$196,380
Improvement market value
$746,420
Total market value
$942,800
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
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
4,728 SF
Lot
0.1 ac (4,364 SF)
Zoning code
PD
APN
U152718ZZZ000000578905
UPID
US18-3705038
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Lutz, FL
Zoning PD · permitted uses
PD · 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
$955,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$995,000
AUTO REPAIR, GARAGE
Est. value
$890,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Bama V LLC
Entity
Free & Clear · 3 yrs held
Mailing address
7916 EVOLUTIONS WAY, TRINITY, FL 34655-4708
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2024
—
Bama V LLC
—
Deed
related
$1,040,000 · Southstar Bank Ssb
Jun 23, 2023
$1,000,000
Bama V LLC
Jcs1 LLC
Warranty Deed
—
Nov 16, 2017
$760,000
Jcs1 LLC
Frank P Verdi Pa
Warranty Deed
$608,000 · Bank Of The Ozarks
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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