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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Medical Office Space
18821 Dl Mabry Hwy Lutz, FL 33548-4980
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-2552576
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,167 SF
Lot
1.68 ac (73,360 SF)
Zoning code
ASC-1
APN
U102718ZZZ000000512100
UPID
US18-2552576
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
-
Cheval Animal Hospital Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$735k
Comparable Approach
Comparable
$541k
Blend (final)
Blend
$750k
Owner & transaction history
Cheval Veterinary Medical Group LLC · 7 yrs held
Cheval Veterinary Medical Group LLC
since 2019
7 recorded transactions
Zoning & alternative use
ASC-1 · Lutz, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$795,000
6.5%
$735,000
7%
$680,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,130,000
Current use
RETAIL STORES
$1,125,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,090,000
Change: -4% · Conversion: Easy
OFFICE BUILDING
$1,040,000
Change: -8% · Conversion: Easy
AUTO REPAIR, GARAGE
$975,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
$145 / 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
$22,937
Tax year 2023
Assessed value
$1,384,300
Assessed 2023
Previous assessed
$1,246,800
+11.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$818,947
Assessed improvement
$565,353
Land market value
$818,947
Improvement market value
$565,353
Total market value
$1,384,300
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
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
5,167 SF
Lot
1.68 ac (73,360 SF)
Zoning code
ASC-1
APN
U102718ZZZ000000512100
UPID
US18-2552576
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
ASC-1 · Lutz, FL
Zoning ASC-1 · permitted uses
ASC-1 · 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
MEDICAL BUILDING Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$975,000
MEDICAL BUILDING Current
RETAIL STORES
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
1.68 ac
Current owner
From public records · entity-resolved
Cheval Veterinary Medical Group LLC
Entity
Mailing address
4308 HUDSON LN, TAMPA, FL 33618-5343
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2020
—
Cheval Veterinary Medical Grp
—
Deed
related
$1,600,000 · Wells Fargo Bk
Apr 24, 2019
$1,175,000
Cheval Veterinary Medical Group LLC
Junior Property Holdings LLC
Special Warranty Deed
$880,000 · Wells Fargo Bank NA
Feb 16, 2015
—
Junior Property Holdings LLC
Lazarus Holdings LLC
Quit Claim Deed
related
—
Sep 14, 2006
$100,000
Lazarus Holdings LLC
Lazarus,jarrod
Grant Deed
—
Aug 4, 2005
$205,000
Jarrod Lazarus
Bissett Mcgrath Properties INC
Grant Deed
$100,000 · Cit Lending Services Corp
Jan 21, 2005
$145,000
Bissett Mcgrath Props INC
Wilson,charles Q
Warranty Deed
—
—
—
Cheval Veterinary Medical Grp
—
Loan Modification
related
$1,600,000 · Wells Fargo Bk
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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