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Property profile & analytics
OFF-MARKET
Estimated value
$5,510,000
Manufacturing properties
4618 Scarborough Dr Lutz, FL 33559-8506
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-3008351
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
1992
Total area
46,265 SF
Lot
24.69 ac (1,075,425 SF)
Zoning code
00I1
APN
14-26-19-0000-00300-0010
UPID
US18-3008351
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
-
Dobbs Equipment General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.71M
Comparable Approach
Comparable
$5.31M
Blend (final)
Blend
$5.51M
Owner & transaction history
Djd Real Estate Holdings LLC · 8 yrs held
Djd Real Estate Holdings LLC
since 2017
3 recorded transactions
Zoning & alternative use
00I1 · Lutz, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.5M
+51.8%
Auto repair, garage
$7.6M
+34.5%
Office building
$5.8M
+3.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,185,000
6.5%
$5,710,000
7%
$5,305,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,625,000
Current use
COMMERCIAL (GENERAL)
$8,535,000
Change: +52% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,560,000
Change: +34% · Conversion: Easy
OFFICE BUILDING
$5,790,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$4,765,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$5.51M
Range $4.96M – $6.06M · ±10%
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
$119 / 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
$44,843
Tax year 2023
Assessed value
$2,249,601
Assessed 2023
Previous assessed
$2,249,601
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$833,804
Assessed improvement
$1,415,797
Land market value
$833,804
Improvement market value
$1,415,797
Total market value
$2,249,601
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
Manufacturing properties
Use group
HEAVY MANUFACTURING
Status
Off-Market
Year built
1992
Heating
NONE
Buildings
5
Stories
2
Bathrooms
4
Total area
46,265 SF
Lot
24.69 ac (1,075,425 SF)
Zoning code
00I1
APN
14-26-19-0000-00300-0010
UPID
US18-3008351
Jurisdiction
PASCO
Zoning & alternative use
00I1 · Lutz, FL
Zoning 00I1 · permitted uses
00I1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$5.6M
COMMERCIAL (GENERAL)
Est. value
$8.5M
AUTO REPAIR, GARAGE
Est. value
$7.6M
OFFICE BUILDING
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$4.8M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
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
1992
Heating
NONE
Stories
2
Buildings
5
Bathrooms
4
Lot
24.69 ac
Current owner
From public records · entity-resolved
Djd Real Estate Holdings LLC
Entity
Mailing address
2730 S FALKENBURG RD, RIVERVIEW, FL 33578-2561
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2017
$3,594,200
Djd Real Estate Holdings LLC
Nortrax INC
Special Warranty Deed
$19,440,000 · Jpmorgan Chase Bank NA
Jan 10, 2012
—
Nortrax INC
Ritchie Bros Properties INC
Grant Deed
related
—
Mar 20, 2001
$2,800,000
Nortrax Equipment Co Se
Ritchie Bors Properties INC
Grant Deed
$2,231,250 · Deere Credit INC
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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