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Property profile & analytics
OFF-MARKET
Estimated value
$2,515,000
Warehouses
19235 Us Hwy 41 Lutz, FL 33549-7205
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5605025
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,115 SF
Lot
3.49 ac (152,024 SF)
Zoning code
PD
APN
U122718ZZZ000000532700
UPID
US18-5605025
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
-
Grimaldi Team Realty, COMMERCIAL REAL ESTATE SALES TAMPA Real Estate Agency
-
Envision Realty LLC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.49M
CAP Approach
CAP
$2.47M
Comparable Approach
Comparable
$2.10M
Blend (final)
Blend
$2.52M
Owner & transaction history
Asset Surplus Reallocation LLC · 2 yrs held
Asset Surplus Reallocation LLC
since 2023
Last sale
$2.7M
5 recorded transactions
Zoning & alternative use
PD · Lutz, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.7M
+64.4%
Medical building
$3.3M
+47.6%
Retail stores
$3.3M
+46.8%
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
$2,560,000
ML approach
$2,490,000
CAP Approach
CAP Return
Estimation
6%
$2,670,000
6.5%
$2,465,000
7%
$2,290,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,245,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,685,000
Change: +64% · Conversion: Moderate
MEDICAL BUILDING
$3,310,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$3,295,000
Change: +47% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,185,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$3,050,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$2.52M
Range $2.26M – $2.77M · ±10% · vs last sale $2.74M (Aug 28 2023)
Last sale anchor
$2.74M
Aug 28 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
$166 / 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
$28,777
Tax year 2023
Assessed value
$1,624,100
Assessed 2023
Previous assessed
$1,274,000
+27.5% YoY
Effective rate
1.77%
On assessed value
Assessed land
$250,303
Assessed improvement
$1,373,797
Land market value
$250,303
Improvement market value
$1,373,797
Total market value
$1,624,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
5
Total area
15,115 SF
Lot
3.49 ac (152,024 SF)
Zoning code
PD
APN
U122718ZZZ000000532700
UPID
US18-5605025
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
WAREHOUSE, STORAGE Current
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.3M
RETAIL STORES
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.1M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
5
Lot
3.49 ac
Current owner
From public records · entity-resolved
Asset Surplus Reallocation LLC
Entity
Mailing address
8910 N DL MABRY HWY STE #30, TAMPA, FL 33614-1500
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2023
$2,740,000
Asset Surplus Reallocation LLC
Ktech Holdings LLC
Warranty Deed
$2,200,000 · Bank Of America NA
May 19, 2022
$1,962,500
Ktech Holdings LLC
Ca Properties INC
Warranty Deed
$1,562,500 · Ca Properties INC
Aug 6, 2020
—
Ca Properties INC
Eca Land Trust
Warranty Deed
—
Jun 10, 2019
$150,000
Dennis,juanita L Trust
Larkins,barbara W
Warranty Deed
$150,000 · First Citrus Bk
—
—
Larkins Barbara W Tr
—
Deed Of Trust
related
$1,000,000 · Usameribank
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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