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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Medical Office Space
24642 State Rd 54 Lutz, FL 33559-7307
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-0346452
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Total area
1,884 SF
Lot
0.04 ac (1,953 SF)
Zoning code
00C1
APN
33-26-19-0000-00100-0026
UPID
US18-0346452
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
-
McCarthy Floor Construction Construction Company
-
Franklin Reinoso Therapeutic Massage Alternative Medicine Practice Spa & Massage Center
-
Venus Wear Inc Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$508k
Blend (final)
Blend
$540k
Owner & transaction history
Pulse LLC · 2 yrs held
Pulse LLC
since 2023
Last sale
$575,000
6 recorded transactions
Zoning & alternative use
00C1 · Lutz, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$475,000
+14.9%
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
$490,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$415,000
Current use
RETAIL STORES
$475,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$380,000
Change: -8% · Conversion: Easy
COMMERCIAL (GENERAL)
$350,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $575k (Oct 30 2023)
Last sale anchor
$575k
Oct 30 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
$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
$6,417
Tax year 2023
Assessed value
$374,703
Assessed 2023
Previous assessed
$323,138
+16.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$131,828
Assessed improvement
$242,875
Land market value
$131,828
Improvement market value
$242,875
Total market value
$374,703
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
2005
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
52
Bathrooms
2
Total area
1,884 SF
Lot
0.04 ac (1,953 SF)
Zoning code
00C1
APN
33-26-19-0000-00100-0026
UPID
US18-0346452
Jurisdiction
PASCO
Zoning & alternative use
00C1 · Lutz, FLZoning 00C1 · permitted uses
00C1 · 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
MEDICAL BUILDING Current
Est. value
$415,000
RETAIL STORES
Est. value
$475,000
OFFICE BUILDING
Est. value
$380,000
COMMERCIAL (GENERAL)
Est. value
$350,000
MEDICAL BUILDING Current
RETAIL STORES
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
2005
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
52
Bathrooms
2
Lot
0.04 ac
Current owner
From public records · entity-resolved
Pulse LLC
Entity
Mailing address
3756 TURMAN LOOP STE #101, WESLEY CHAPEL, FL 33544-7798
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2023
$575,000
Pulse LLC
Mahmoud Mohammadi Zand
Warranty Deed
$920,000 · Prime Meridian Bank
Feb 9, 2023
—
Jasmarken Holdings LLC
—
Deed
related
$742,720 · Grow Financial FCU
May 2, 2022
$485,000
Mahmoud Mohammadi Zand
Benjamin G Capps
Warranty Deed
—
Nov 15, 2016
—
Benjamin G Capps
—
Deed
related
$50,000 · Republic Bk&tr
—
—
Benjamin G Capps
—
Deed Of Trust
related
$120,000 · Republic Bk&tr
—
—
Benjamin G Capps
—
Deed Of Trust
related
$50,000 · Republic Bk&tr
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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