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Property profile & analytics
OFF-MARKET
Estimated value
$9,650,000
Warehouses
23830 State Rd 54 Lutz, FL 33559-6795
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-3315198
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1998
Total area
68,070 SF
Lot
5 ac (217,800 SF)
Zoning code
00C2
APN
32-26-19-0000-00200-0010
UPID
US18-3315198
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
-
Midgard Self Storage Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.71M
Comparable Approach
Comparable
$11.86M
Blend (final)
Blend
$9.65M
Owner & transaction history
Midgard Self Storage Lutz Fl L · 7 yrs held
Midgard Self Storage Lutz Fl L
since 2019
5 recorded transactions
Zoning & alternative use
00C2 · Lutz, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$14.9M
+58.2%
Office building
$13.7M
+45.7%
Commercial (general)
$12.7M
+34.5%
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%
$10,520,000
6.5%
$9,710,000
7%
$9,020,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,430,000
Current use
MEDICAL BUILDING
$14,915,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$13,740,000
Change: +46% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,680,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$9.65M
Range $8.69M – $10.62M · ±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
$142 / 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
$151,265
Tax year 2023
Assessed value
$9,829,159
Assessed 2023
Previous assessed
$10,075,560
-2.4% YoY
Effective rate
1.54%
On assessed value
Assessed land
$1,094,284
Assessed improvement
$8,734,875
Land market value
$1,094,284
Improvement market value
$8,734,875
Total market value
$9,829,159
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
7
Stories
3
Units
9120
Bathrooms
3
Total area
68,070 SF
Lot
5 ac (217,800 SF)
Zoning code
00C2
APN
32-26-19-0000-00200-0010
UPID
US18-3315198
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$9.4M
MEDICAL BUILDING
Est. value
$14.9M
OFFICE BUILDING
Est. value
$13.7M
COMMERCIAL (GENERAL)
Est. value
$12.7M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
7
Units
9120
Bathrooms
3
Lot
5 ac
Current owner
From public records · entity-resolved
Midgard Self Storage Lutz Fl L
Individual
Mailing address
1146 CANTON ST, ROSWELL, GA 30075-3641
Ownership since
2019
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
Jun 28, 2019
$16,800,000
Midgard Self Storage Lutz Fl L
54-u-store INC
Trustees Deed
$13,650,000 · Miscellaneous Ins Co
Feb 13, 2019
$100
54-u-store INC
Van Broekhoven,alfred T & Garry J
Quit Claim Deed
related
—
May 2, 2005
—
Alfred T Vanbroekhoven
Vanbroekhoven,lisa R
Quit Claim Deed
related
$4,500,000 · Transamerica Occidental Life
May 1, 1998
—
Alfred T Van Broekhoven
—
Grant Deed
related
$1,100,000 · Barnett Bank
Nov 13, 1997
$400,000
Alfred Van Broekhoven
Moises Bicas Trustee
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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