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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Distribution centers
19936 State Rd 54 Lutz, FL 33558-7846
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US19-0614004
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2018
Total area
7,575 SF
Lot
4.3 ac (187,308 SF)
Zoning code
0PO2
APN
27-26-18-0000-00900-0000
UPID
US19-0614004
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
-
Stanley Steemer Commercial Cleaning Service Upholstery Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
$995k
Blend (final)
Blend
$810k
Owner & transaction history
Pasco County · 1 yrs held
Pasco County
since 2024
5 recorded transactions
Zoning & alternative use
0PO2 · 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
$500,000
CAP Approach
CAP Return
Estimation
6%
$1,230,000
6.5%
$1,135,000
7%
$1,055,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,050,000
Current use
Blend value · Realmo final
$810k
Range $729k – $891k · ±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
$107 / 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
$14,845
Tax year 2023
Assessed value
$824,117
Assessed 2023
Previous assessed
$792,089
+4.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$319,275
Assessed improvement
$504,842
Land market value
$319,275
Improvement market value
$504,842
Total market value
$824,117
Applied tax rate
9,100.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2018
Heating
NONE
Cooling
NONE
Stories
1
Units
5250
Bathrooms
4
Total area
7,575 SF
Lot
4.3 ac (187,308 SF)
Zoning code
0PO2
APN
27-26-18-0000-00900-0000
UPID
US19-0614004
Jurisdiction
PASCO
Zoning & alternative use
0PO2 · Lutz, FL
Zoning 0PO2 · permitted uses
0PO2 · 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
$1.1M
WAREHOUSE, STORAGE Current
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
2018
Heating
NONE
Cooling
Yes
Stories
1
Units
5250
Bathrooms
4
Lot
4.3 ac
Current owner
From public records · entity-resolved
Pasco County
Entity
Mailing address
PO BOX 2654, INVERNESS, FL 34451-2654
Ownership since
2024
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
Dec 11, 2024
—
Pasco County
19936 SR 54 LLC
Warranty Deed
—
Dec 5, 2016
—
19936 Sr54 LLC
—
Deed
related
$400,000 · Suntrust Bank
Mar 2, 2015
$350,000
19936 SR 54 LLC
Fcb Tampa Office Holdings LLC
Grant Deed
—
Dec 22, 2006
$2,250,000
Henley Road Prof Center LLC
Himes Walter
Grant Deed
—
Dec 22, 2006
—
Henley Road Prof Center LLC
Derby,judith
Warranty Deed
$1,732,500 · Peninsula Bank
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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