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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Medical Office Space
24646 State Rd 54 Lutz, FL 33559-7307
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-9916178
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Total area
1,884 SF
Lot
0.04 ac (1,956 SF)
Zoning code
00C1
APN
33-26-19-0000-00100-0027
UPID
US18-9916178
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
-
Florida Luxury Realty :Tracey Johnson Real Estate Agency
-
Lourdes Torres, FLORIDA LUXURY REALTY, INC. Real Estate Agency
-
Olivia Papin, FLORIDA LUXURY REALTY, INC. Real Estate Agency
-
Maria Cherrez-Vangalder Realtor Real Estate Agency
-
Easton Park CDD (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$512k
Blend (final)
Blend
$575k
Owner & transaction history
3sf Solutions LLC · 1 yrs held
3sf Solutions LLC
since 2024
Last sale
$575,000
7 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
$575,000
ML approach
$575,000
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
$575k
Range $518k – $633k · ±10% · vs last sale $575k (Dec 2 2024)
Last sale anchor
$575k
Dec 2 2024
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
$305 / 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
$6,038
Tax year 2023
Assessed value
$377,509
Assessed 2023
Previous assessed
$325,334
+16.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$132,030
Assessed improvement
$245,479
Land market value
$132,030
Improvement market value
$245,479
Total market value
$377,509
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
Buildings
1
Stories
1
Units
52
Bathrooms
2
Total area
1,884 SF
Lot
0.04 ac (1,956 SF)
Zoning code
00C1
APN
33-26-19-0000-00100-0027
UPID
US18-9916178
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
Buildings
1
Units
52
Bathrooms
2
Lot
0.04 ac
Current owner
From public records · entity-resolved
3sf Solutions LLC
Entity
Mailing address
11923 OAK TRL WAY, PORT RICHEY, FL 34668-1064
Ownership since
2024
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
Dec 2, 2024
$575,000
3sf Solutions LLC
Connie Barrett LLC
Warranty Deed
$1,350,000 · Whitney Bank
Feb 9, 2023
—
Jasmarken Holdings LLC
—
Deed
related
$742,720 · Grow Financial FCU
Jul 8, 2016
$241,000
Connie Barrett LLC
Good News Gifts & Books LLC
Warranty Deed
$94,000 · Branch Bk&tr
Mar 11, 2008
$407,000
The Good News Gifts & Books LLC
Macdill Mortgage LLC
Corporation Deed
$284,900 · Colonial Bank NA
May 3, 2006
$430,000
Macdill Mortgage LLC
Brandon B Campbell Family
Warranty Deed
$430,000 · Hobbs Harry M Ps/tr (tr)
May 3, 2005
$313,000
Brandon B Campbell Family
Chi,fun G & Tsui O
Warranty Deed
$250,400 · Mercantile Bank
May 1, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Mar 30, 2005
$133,000
Fun G Chi
Waterford Const & Dev Co INC
Warranty Deed
$200,000 · First Citrus Bank
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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