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    Property profile & analytics

    712 Welton Rd Lutz, FL 33548

    • Commercial real estate
    • 2.85 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1839483
    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

    • Commercial real estate

    Property Details for 712 Welton Rd

    Lot size
    2.85 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2.85-acre residential lot, located at 712 Welton Rd in Lutz, Florida (33548), presents a unique opportunity to build a custom home in the desirable Steinbrenner School District. The property is high and dry, situated on a quiet cul-de-sac, offering both privacy and convenient access to local amenities. A portion of the land is already cleared, simplifying the building process. Nearby conveniences include Publix, Target, and the Oscar Cooler Ball Park, ensuring easy access to shopping and entertainment. Commuters will appreciate the quick access to Veterans Expressway and I-275, providing a straightforward route to Tampa International Airport, approximately 25 minutes away. The lot is zoned ASC-1 and is not located within a flood zone, providing peace of mind for future homeowners. This is an exceptional opportunity to create a tranquil and convenient retreat in a highly sought-after location. The asking price for this remarkable property is $850,000. Don't miss this chance to build your dream home in this prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lutz
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.473453
    Latitude
    28.157274

    Comparable in this City

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    • $2,400,000

      Corner Land in Residential Corridor

      Land in a dense residential area near Livingston Marketplace.
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    • $2,950,000
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      Prime Lutz Redevelopment Opportunity

      5-acre redevelopment site on heavily traveled corridor in Lutz, FL.
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    • $1,500,000

      Vacant Land Ready for Development

      8 +/- acres of waterfront land, zoned ASC-1.
      101 Lake Hobbs Rd, Lutz, FL 33548
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    • $32,000
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      Cleared Lot in Lutz, FL

      Build-ready 3,025 sq ft lot in fast-growing North Tampa.
      908 Main St, Lutz, FL 33548
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    • $2,950,000
      5.00 Acres

      Prime Lutz Redevelopment Opportunity

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

    Similar Nearby for Sale

    • $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
    • $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
    • $2,400,000

      Corner Land in Residential Corridor

      Land in a dense residential area near Livingston Marketplace.
      21539 County Line Rd, Lutz, FL 33548
      View Details
    • $1,500,000

      Vacant Land Ready for Development

      8 +/- acres of waterfront land, zoned ASC-1.
      101 Lake Hobbs Rd, Lutz, FL 33548
      View Details
    • $2,950,000
      5.00 Acres

      Prime Lutz Redevelopment Opportunity

      5-acre redevelopment site on heavily traveled corridor.
      1703 Dale Mabry Hwy, Lutz, FL 33548
      View Details
    • $32,000
      0.07 Acres

      Cleared Lot in Lutz, FL

      Build-ready 3,025 sq ft lot in fast-growing North Tampa.
      908 Main St, Lutz, FL 33548
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land Opportunity in Lutz

      Land for ground lease at Promenade at Lake Park.
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    • 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
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    • $19 SF/Yr
      4,500 SF

      High-End Corporate Office Building

      Corporate office building with high-end finishes and executive-sized offices.
      18936 N Dale Mabry Hwy, Lutz, FL 33548
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    • $27 SF/Yr
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      Lutz Office Space Available

      Professional office space in Lutz with immediate occupancy.
      18926 N Dale Mabry Hwy, Lutz, FL 33548
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    • $18,000 /Mo

      Lutz Warehouse with Office Space

      20x50 unit with upstairs storage and office area.
      1635 Dale Mabry Hwy, Lutz, FL 33548
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    • $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
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    712 Welton Rd
    Lutz, FL 33548
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    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
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