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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Medical Office Space
2540 Grn Frst Ln, Lutz, FL 33558-5388
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3231633
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2013
Total area
4,000 SF
Lot
0.1 ac (4,166 SF)
Zoning code
0PO2
APN
29-26-18-0050-00000-0220
UPID
US18-3231633
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
-
Security 101 - Global Security Service
-
Trifin Realty Advisors Real Estate Agency
-
Health and Wellness of Central Florida - Lutz Alternative Medicine Practice
-
Dr. Robert Martinez Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$920k
CAP Approach
CAP
$570k
Comparable Approach
Comparable
$869k
Blend (final)
Blend
$920k
Owner & transaction history
Velu Investments LLC · 2 yrs held
Velu Investments LLC
since 2024
Last sale
$920,000
5 recorded transactions
Zoning & alternative use
0PO2 · Lutz, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+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
$920,000
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
$615,000
6.5%
$570,000
7%
$525,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$875,000
Current use
RETAIL STORES
$1,005,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$805,000
Change: -8% · Conversion: Easy
COMMERCIAL (GENERAL)
$745,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $920k (May 31 2024)
Last sale anchor
$920k
May 31 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
$230 / 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
$11,746
Tax year 2023
Assessed value
$812,513
Assessed 2023
Previous assessed
$781,709
+3.9% YoY
Effective rate
1.45%
On assessed value
Assessed land
$278,964
Assessed improvement
$533,549
Land market value
$278,964
Improvement market value
$533,549
Total market value
$812,513
Applied tax rate
9,100.0000
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
2013
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
4,000 SF
Lot
0.1 ac (4,166 SF)
Zoning code
0PO2
APN
29-26-18-0050-00000-0220
UPID
US18-3231633
Jurisdiction
PASCO
Zoning & alternative use
0PO2 · Lutz, FL
Zoning 0PO2 · permitted uses
0PO2 · 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
MEDICAL BUILDING Current
Est. value
$875,000
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING
Est. value
$805,000
COMMERCIAL (GENERAL)
Est. value
$745,000
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
2013
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Velu Investments LLC
Entity
Mailing address
3750 GUNN HWY STE #308, TAMPA, FL 33618-8915
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2024
$920,000
Velu Investments LLC
Hsw Associates INC
Warranty Deed
$552,000 · The Bank Of Tampa
Mar 4, 2013
$240,000
Hsw Associates INC
Fcb Tampa Office Holdings LLC
Grant Deed
—
Jan 30, 2013
—
Fcb Tampa Office Holdings LLC
Tampa Telecom Prof Par Coc
Quit Claim Deed
related
—
Jan 24, 2013
$100
Fcb Tampa Office Holdings LLC
Tampa Telecom Prof Par Coc
Trustees Deed
related
—
Dec 1, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
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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