New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,825,000
Medical Office Space
21708 State Rd 54 Lutz, FL 33549-6921
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-9217952
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Total area
4,904 SF
Lot
1.46 ac (63,655 SF)
Zoning code
00C1
APN
25-26-18-0000-07700-0010
UPID
US18-9217952
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
-
Sunnyside Medical Cannabis Dispensary - Lutz (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.83M
Owner & transaction history
Mariner LLC · 2 yrs held
Mariner LLC
since 2023
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
00C1 · 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
$2,590,000
ML approach
$2,605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.83M
Range $2.54M – $3.11M · ±10% · vs last sale $3.05M (Jul 26 2023)
Last sale anchor
$3.05M
Jul 26 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
$576 / 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
$25,435
Tax year 2023
Assessed value
$1,436,589
Assessed 2023
Previous assessed
$1,033,086
+39.1% YoY
Effective rate
1.77%
On assessed value
Assessed land
$828,930
Assessed improvement
$607,659
Land market value
$828,930
Improvement market value
$607,659
Total market value
$1,436,589
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1957
Bathrooms
3
Total area
4,904 SF
Lot
1.46 ac (63,655 SF)
Zoning code
00C1
APN
25-26-18-0000-07700-0010
UPID
US18-9217952
Jurisdiction
PASCO
Zoning & alternative use
00C1 · Lutz, FL
Zoning 00C1 · permitted uses
00C1 · 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
1988
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1957
Bathrooms
3
Lot
1.46 ac
Current owner
From public records · entity-resolved
Mariner LLC
Entity
Mailing address
422 CHALLICE DR, SPRING HILL, FL 34609-2098
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2023
$3,050,000
Mariner LLC
Terps Acquisitions Lutz LLC
Special Warranty Deed
—
Jun 20, 2022
$2,000,000
Terps Acquisitions Lutz LLC
State Road 54 LLC
Special Warranty Deed
$1,300,000 · Vast Bank NA
Feb 5, 2020
—
21708 State Road 54 LLC
—
Deed
related
$20,000,000 · 317 Opportunities LLC
May 10, 2019
$1,800,000
21708 State Road 54 LLC
Pontus Vault Portfolio LLC
Warranty Deed
—
Apr 18, 2016
$1,160,000
Pontus Vault Portfolio LLC
First States Invtrs 6000a LP
Grant Deed
—
Sep 25, 2007
—
First States Invtrs 6000a
First States Invtrs 3209 LLC
Quit Claim Deed
related
$26,400,000 · Lasalle National Bank
Dec 2, 2005
$989,000
First States Invtrs 3209 LLC
Wachovia Bank NA
Grant Deed
related
—
—
—
21708 State Road 54 LLC
—
Deed Of Trust
related
$20,000,000 · 317 Opportunities LLC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 21708 State Rd 54?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
