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Property profile & analytics
OFF-MARKET
Estimated value
$8,050,000
Retail space
23641 State Rd 54 Lutz, FL 33559-7306
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-6470601
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2018
Total area
3,520 SF
Lot
2.4 ac (104,418 SF)
Zoning code
00C2
APN
29-26-19-0030-00000-0070
UPID
US18-6470601
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
-
Dental Associates of Florida - Lutz Dental Office
-
Dr. Christopher Petrotto Dental Office
-
Leah Stamler Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.05M
Owner & transaction history
Greenriver Way LLC · 6 yrs held
Greenriver Way LLC
since 2020
Last sale
$7.6M
4 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
$8,720,000
ML approach
$8,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.05M
Range $7.25M – $8.86M · ±10% · vs last sale $7.58M (Jun 10 2020)
Last sale anchor
$7.58M
Jun 10 2020
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
$2,287 / 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
$109,514
Tax year 2023
Assessed value
$6,400,790
Assessed 2023
Previous assessed
$6,543,945
-2.2% YoY
Effective rate
1.71%
On assessed value
Assessed land
$1,456,045
Assessed improvement
$4,944,745
Land market value
$1,456,045
Improvement market value
$4,944,745
Total market value
$6,400,790
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2018
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
7
Stories
1
Units
3200
Bathrooms
14
Total area
3,520 SF
Lot
2.4 ac (104,418 SF)
Zoning code
00C2
APN
29-26-19-0030-00000-0070
UPID
US18-6470601
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
2018
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
7
Units
3200
Bathrooms
14
Lot
2.4 ac
Current owner
From public records · entity-resolved
Greenriver Way LLC
Entity
Free & Clear · 6 yrs held
Mailing address
500 WESTOVER DR, SANFORD, NC 27330-8941
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2020
$7,575,000
Greenriver Way LLC
Pv-terra Bella LLC
Grant Deed
—
Dec 18, 2018
$2,053,000
Altam Ents LLC
Lakeview Assd Enterprises-phas
Grant Deed
—
Dec 26, 2017
$200,000
Pv Terra Bella LLC
K & B Flagship LLC
Special Warranty Deed
$1,111,000 · Synovus Bank
Mar 9, 2015
$1,800,000
Lakeview Associated Ents-pha 1
K & B Flagship LLC
Grant Deed
—
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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