16110 Florida AveLutz, FL 33549

Property Details for 16110 Florida Ave

Year built

1987

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.61 AC

Property size (Sq ft)

10,573 SF

Zone code

CN

Property type

Office buildings

APN

U252718ZZZ000000654800

APU

U252718ZZZ000000654800

Description

This 1,500 square foot office space is available for lease within a larger 10,500 square foot building located at 16110 N Florida Ave in Lutz, Florida. The property is classified as a Class B building and was constructed in 1988. The space is part of a single-tenant occupancy within the North Wood Plaza complex. The building offers ample parking with 20 spaces available for tenants and visitors. This traditional office space presents a fantastic opportunity for businesses seeking a convenient and accessible location. The property's zoning is designated as CN. Its prime location provides easy access to Interstate 275 and Bearss Avenue, ensuring convenient commutes for employees and clients. The property's Hillsborough County location offers a strategic advantage for businesses operating within the Tampa Bay area. The APN is U-25-27-18-ZZZ-000000-65480.0. While 1,500 square feet are currently vacant, the entire building encompasses 10,500 square feet. This presents a potential opportunity for expansion within the same building should future needs arise.

• CAP approach

  CAP return

  Valuation

  6%

  $2,134,539

  6.5%

  $1,970,344

  7%

  $1,829,605

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,930,947

  Geo Method

  $1,930,947

• Alternative Use

  Use

  Valuation

  Residential

  $2,443,226

  Hospitality

  $2,237,982

  Educational

  $1,861,975

  Medical

  $1,926,011

  Retail

  $2,896,405

Location Insight

City

Lutz

County

Hillsborough

State

Florida

Latitude

28.0994

Longitude

-82.4613

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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