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Property profile & analytics
OFF-MARKET
Estimated value
$8,600,000
Distribution centers
21500 State Rd 54 Lutz, FL 33549-6927
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6995820
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2015
Total area
120,547 SF
Lot
40.71 ac (1,773,329 SF)
Zoning code
00C2
APN
25-26-18-0000-07100-0000
UPID
US18-6995820
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
-
Lowe's ProServices Building Supply Industrial Manufacturer
-
Primo Water Exchange Big Box & Wholesale Store
-
Indoor Lumber Yard Big Box & Wholesale Store Building Supply
-
Lowe's Garden Center Garden Center
-
Blue Rhino Propane Exchange Propane Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.77M
Blend (final)
Blend
$8.60M
Owner & transaction history
State Of Florida Dept & Transportat · 11 yrs held
State Of Florida Dept & Transportat
since 2014
5 recorded transactions
Zoning & alternative use
00C2 · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.60M
Range $7.74M – $9.46M · ±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
$71 / 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
$149,874
Tax year 2023
Assessed value
$8,063,736
Assessed 2023
Previous assessed
$7,853,600
+2.7% YoY
Effective rate
1.86%
On assessed value
Assessed land
$2,798,187
Assessed improvement
$5,265,549
Land market value
$2,798,187
Improvement market value
$5,265,549
Total market value
$8,063,736
Applied tax rate
3,600.0000
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
2015
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
1045
Bathrooms
2
Total area
120,547 SF
Lot
40.71 ac (1,773,329 SF)
Zoning code
00C2
APN
25-26-18-0000-07100-0000
UPID
US18-6995820
Jurisdiction
PASCO
Zoning & alternative use
00C2 · Lutz, FL
Zoning 00C2 · permitted uses
00C2 · 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.
Building & site characteristics
From public records
Year built
2015
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1045
Bathrooms
2
Lot
40.71 ac
Current owner
From public records · entity-resolved
State Of Florida Dept & Transportat
Entity
Free & Clear · 11 yrs held
Mailing address
1000 LOWES BLVD, MOORESVILLE, NC 28117-8520
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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 22, 2014
—
State Of Florida Dept & Transportat
Lowes Home Centers LLC
Grant Deed
—
Jun 6, 2014
—
Segue Rv & Mobile Hm Park INC
Lowes Home Centers LLC
Quit Claim Deed
related
—
Jun 14, 2005
$2,695,000
Lowes Home Centers INC
Providence Land Trust 03
Warranty Deed
$2,449,279 · Providence Land Trust #03 (tr)
Feb 10, 2005
—
Providence Land Trust 031300
Providence Land Trust 03
Quit Claim Deed
—
Nov 29, 2000
$571,000
Safety Harbor Capital Corp
Robert L Steele Trustee
Grant Deed
related
$350,000 · Seller
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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