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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Grocery and convenience stores
24905 State Rd 54, Lutz, FL 33559-6257
Entity Owned
Free & Clear
Property ID
US18-5233370
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2010
Total area
2,992 SF
Lot
1.31 ac (57,258 SF)
Zoning code
00C2
APN
28-26-19-0010-00000-0390
UPID
US18-5233370
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
-
Warehouse Wine, Liquor & Cigars Specialty Food Shop Wine and Liquor Store
-
Mobil Gas Station
-
Xpress Fitment (Bike/Boat/Book/etc) Store Auto Parts Store
-
ARE PITAS FOOD TRUCK Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.22M
Owner & transaction history
William D Mcknight INC
William D Mcknight INC
since 2025
Last sale
$1.5M
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$406 / 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
$29,339
Tax year 2023
Assessed value
$1,700,056
Assessed 2023
Previous assessed
$1,653,279
+2.8% YoY
Effective rate
1.73%
On assessed value
Assessed land
$936,702
Assessed improvement
$763,354
Land market value
$936,702
Improvement market value
$763,354
Total market value
$1,700,056
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2010
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1080
Bathrooms
3
Total area
2,992 SF
Lot
1.31 ac (57,258 SF)
Zoning code
00C2
APN
28-26-19-0010-00000-0390
UPID
US18-5233370
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
2010
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1080
Bathrooms
3
Lot
1.31 ac
Current owner
From public records · entity-resolved
William D Mcknight INC
Entity
Free & Clear · 0 yrs held
Mailing address
1201 OAKFIELD DR STE #109, BRANDON, FL 33511-4932
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2025
—
William D Mcknight INC
Seahorse Stations LLC
Deed
related
—
Aug 19, 2025
$1,502,900
William D Mcknight INC
Seahorse Stations LLC
Warranty Deed
—
Jun 6, 2014
$100
Seahorse Stations LLC
Three Flags INC Coc
Trustees Deed
related
—
Feb 2, 2007
$1,100,000
Three Flags INC
Collins,philip D
Warranty Deed
related
$840,000 · Freedom Bank America
May 6, 2002
$125,000
Philip D Collins
Aylor,james A & Gia J
Grant Deed
related
$359,000 · Heritage Bank Of Florida
—
—
Three Flags INC
—
Deed Of Trust
related
$3,091,410 · Freedom Bank America
—
—
Seahorse Stations LLC
—
Loan Modification
related
$4,128,900 · Compass 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.
Try Rey
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