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Property profile & analytics
OFF-MARKET
Estimated value
$1,530,000
Retail properties & Spaces
24124 State Rd 54 Lutz, FL 33559-6700
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-5411858
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2008
Total area
4,226 SF
Lot
1.55 ac (67,592 SF)
Zoning code
00C2
APN
33-26-19-0000-00200-0081
UPID
US18-5411858
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
-
Mister Car Wash Car Wash
-
Valvoline Instant Oil Change Auto Repair Shop
-
Clean Machine Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.53M
Owner & transaction history
Cfcw Propco Land O Lakes LLC · 6 yrs held
Cfcw Propco Land O Lakes LLC
since 2020
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
00C2 · Lutz, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+8.8%
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
$1,530,000
ML approach
$1,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$980,000
Current use
RETAIL STORES
$1,065,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$925,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.53M
Range $1.38M – $1.68M · ±10% · vs last sale $1.33M (Aug 3 2020)
Last sale anchor
$1.33M
Aug 3 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
$362 / 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
$28,288
Tax year 2023
Assessed value
$1,578,092
Assessed 2023
Previous assessed
$1,485,554
+6.2% YoY
Effective rate
1.79%
On assessed value
Assessed land
$891,410
Assessed improvement
$686,682
Land market value
$891,410
Improvement market value
$686,682
Total market value
$1,578,092
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 properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
2008
Heating
NONE
Cooling
NONE
Buildings
2
Stories
2
Units
1800
Bathrooms
3
Total area
4,226 SF
Lot
1.55 ac (67,592 SF)
Zoning code
00C2
APN
33-26-19-0000-00200-0081
UPID
US18-5411858
Jurisdiction
PASCO
Zoning & alternative use
00C2 · Lutz, FLZoning 00C2 · permitted uses
00C2 · Lutz, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$980,000
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$925,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
RETAIL STORES
MEDICAL BUILDING
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
2008
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Units
1800
Bathrooms
3
Lot
1.55 ac
Current owner
From public records · entity-resolved
Cfcw Propco Land O Lakes LLC
Entity
Mailing address
980 N FEDERAL HWY STE #315, BOCA RATON, FL 33432-2744
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2020
—
Cfcw Propco Land O Lakes LLC
—
Deed
related
$16,549,500 · Truist Bank
Aug 3, 2020
$1,331,100
Cfcw Propco Land O Lakes LLC
Trinity Invs Grp Of Land Olakes
Grant Deed
—
Jun 5, 2018
—
Trinity Invs Grp Of New Tampa
—
Deed
related
$1,500,000 · Regions Bk
Apr 29, 2008
$560,000
Trinity Inv Group Of Land O Lake
Trinity Inv Group Of New Tampa Ll
Warranty Deed
related
$2,480,000 · Regions Bank
Mar 11, 2005
$863,340
Trinity Investment Group LLC
Orsi Dev INC
Grant Deed
$560,000 · Amsouth Bank
—
—
Trinity Invs Grp Of New Tampa
—
Deed Of Trust
related
$1,500,000 · Regions Bk
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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