Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3890 Van Dyke Rd Lutz, FL 33548-4800

    • Drug stores
    • 16,592 SF
    • 1.59 lot acres
    OFF-MARKET
    Last Sale
    Nov 17, 2020
    $4,940,000
    Value Estimations
    $5,395,000
    Show details
    Cap Rate Potential
    2.8%
    Drug stores
    Location Intelligence
    Property ID
    US19-0421153
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Bitcoin Depot | BDCheckout / Atm
    • Kim Pearson / Pharmacy
    • Western Union / Bank / Credit Union
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 3890 Van Dyke Rd

    Year built
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.59 lot acres
    Property size
    16,592 SF
    Zone code
    PD
    Property type
    Drug stores
    APN
    U2227180KG000000B00001
    APU
    U2227180KG000000B00001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,830,000
      ML approach
      $5,865,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,615,000
      Current use
      RESTAURANT
      $8,070,000
      Change: +123% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $5,855,000
      Change: +62% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,050,000
      Change: +12% Conversion: Moderate
      MEDICAL BUILDING
      $3,635,000
      Change: +1% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,495,000
      Change: -3% Conversion: Easy
      OFFICE BUILDING
      $3,345,000
      Change: -7% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lutz
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5016
    Latitude
    28.1273
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $59,664
    $1,868,044
    $1,494,656
    $3,362,700
    -
    $1,868,044
    $1,494,656
    $3,362,700

    Comparable in this City

    • Value Estimation by Request
      3,360 SF

      18905 Dl Mabry Hwy

      RETAIL STORES (PERSONAL SERVICES) • 3,360 SF
      18905 Dl Mabry Hwy, Lutz, FL 33548-4981
      View Details
    • Value Estimation by Request
      7,095 SF

      19509 Dl Mabry Hwy

      GYM, HEALTH SPA • 7,095 SF
      19509 Dl Mabry Hwy, Lutz, FL 33548-5004
      View Details
    • Value Estimation by Request
      944 SF

      102 1st SW Ave

      RETAIL STORES (PERSONAL SERVICES) • 944 SF
      102 1st SW Ave, Lutz, FL 33548-4307
      View Details
    • Value Estimation by Request
      7,432 SF

      17802 Dl Mabry Hwy

      FINANCIAL BUILDING • 7,432 SF
      17802 Dl Mabry Hwy, Lutz, FL 33548-4537
      View Details
    • Value Estimation by Request
      8,561 SF

      110 Holland Ln

      GYM, HEALTH SPA • 8,561 SF
      110 Holland Ln, Lutz, FL 33548-4519
      View Details
    • Value Estimation
      $1,100,000
      5,222 SF

      100 4th NW Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,222 SF
      100 4th NW Ave, Lutz, FL 33548-4236
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,493 SF

      Chipotle NNN Investment Opportunity

      Long-term NNN lease with corporate guaranteed Chipotle.
      17951 N Dale Mabry Hwy, Lutz, FL 33548
      View Details
    • $600,000
      1,847 SF

      Lutz Pool Home on Acreage

      Spacious 5-bedroom home with pool on 0.69 acres.
      820 Crenshaw Lake Rd, Lutz, FL 33548
      View Details
    • $380,000
      Pending

      Lutz Acre Homesite in Reserve

      One-acre vacant lot in gated Lake Cooper Reserve community.
      18716 Cypress Shores Dr, Lutz, FL 33548
      View Details
    • New
      $500,000
      5.26 Acres

      Lutz Land: Build Your Dream

      5+ acre Lutz parcel, ideal for custom estate.
      Dale Mabry Hwy, Lutz, FL 33548
      View Details
    • Contact for pricing

      Corner Land in Residential Corridor

      Land in a dense residential area near Livingston Marketplace.
      21539 County Line Rd, Lutz, FL 33548
      View Details
    • $2,950,000
      5.00 Acres

      Prime Lutz Redevelopment Opportunity

      5-acre redevelopment site on heavily traveled corridor in Lutz, FL.
      1703 Dale Mabry Hwy, Lutz, FL 33548
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,125 SF

      Retail Space in Lutz, Florida

      Retail space available in Publix-anchored shopping center in North Tampa.
      19211-19247 N Dale Mabry Hwy, Lutz, FL 33548
      View Details
    • $18,000 /Mo

      Lutz Warehouse with Office Space

      20x50 unit with upstairs storage and office area.
      1635 Dale Mabry Hwy, Lutz, FL 33548
      View Details
    • Contact for pricing
      1,500 SF

      Lutz Office Space Available

      Professional office space in Lutz with immediate occupancy.
      18926 N Dale Mabry Hwy, Lutz, FL 33548
      View Details
    • $4,000 /Mo
      1,500 SF

      Executive Office in Chateau Park

      Upgraded office suite in Lutz, ideal for professional use.
      18544 N Dale Mabry Hwy, Lutz, FL 33548
      View Details
    • Contact for pricing

      Commercial Land Opportunity in Lutz

      Land for ground lease at Promenade at Lake Park.
      17833 N Dale Mabry Hwy, Lutz, FL 33548
      View Details
    • Contact for pricing

      Land in Gated Community Entrance

      Commercial land opportunity at a community's main entrance.
      17907 N Dale Mabry Hwy, Lutz, FL 33548
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3890 Van Dyke Rd
    Lutz, FL 33548-4800
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!