Convenience Store Property with New
For Sale
$550,000
1106 S COLLINS Street, Plant City, FL 33563
Commercial Sale, PLANT CITY, FL
Property Size1,854 SF
Lot Size0.26 Acres
Price / SF$296.66
Days on Market48
Property Features for 1106 S COLLINS Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C-1A
Directions
Get onto I-4 E from Tampa. Follow I-4 E and take exit 21 for Thonotosassa Rd. Continue on Thonotosassa Rd and turn right onto S Collins St.
Subdivision
33563 - Plant City
Standard status
Active
APN
P-33-28-22-5EK-000002-00013.0
Size
1,854 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BURNEY J A LOTS 13 AND 14 LESS R/W FOR SR 39 BLOCK 2
Tax Annual Amount
4506
Legal Description
BURNEY J A LOTS 13 AND 14 LESS R/W FOR SR 39 BLOCK 2
Building Details
Year built
1966
Building materials
Block
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed By:
Manjur Ahmed · License #3438804
(727) 320-6645
Added: Aug 10
Changed: Aug 24
Last Checked: Sep 26 at 5:06AM
MLS# TB8537629
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This block-built convenience store property dates to 1966 and is positioned on a 0.26-acre site. The building includes 12 parking spaces and approximately 107 feet of frontage along S Collins St. A high-quality metal roof was installed in 2026 with a permit and warranty.
The property is located in Plant City, Florida, within the 33563 postal area. C-1A zoning is identified for the site. Conceptual planning has considered a convenience store renovation and an alternative four-store commercial layout, with final design, permitted uses, construction scope, and approvals subject to applicable governmental requirements. The property is offered in its existing condition, and inventory or merchandise is not included.
The property is located in Plant City, Florida, within the 33563 postal area. C-1A zoning is identified for the site. Conceptual planning has considered a convenience store renovation and an alternative four-store commercial layout, with final design, permitted uses, construction scope, and approvals subject to applicable governmental requirements. The property is offered in its existing condition, and inventory or merchandise is not included.
Key Highlights
- Approximately 107 feet of frontage on S Collins St
- 12 on‑site parking spaces
- 0.26‑acre commercial site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,607
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$412,140
$412.1K
Cap Rate 7%
$294,386
$294.4K
Cap Rate 9%
$228,967
$229.0K
Market Conditions
NOI Build-Up for 1,854 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.9K $15.60/SF
− Vacancy
−$1.4K −$0.78/SF
EGI
$27.5K $14.82/SF
− OpEx
−$6.9K −$3.70/SF
NOI
$20.6K $11.11/SF
Area
Hillsborough County, FL
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$412,140
Cap Rate 7%
$294,386
Cap Rate 9%
$228,967
Alternative Uses
Best Use
Specialty Retail
$294.4K
$257.6K – $343.5K
NOI $20,607 @ 7.0% cap · market cap 3.75%
Second Best
Retail
$260.0K
$227.5K – $303.4K
NOI $18,202 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$536.9K
$469.8K – $626.4K
NOI $37,585 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
74k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 27%
Dining 22%
Shops & Services 21%
Apparel 17%
Big Lots
Superstores
20,199 visits/mo
0.3 miles
Bealls
Apparel
12,428 visits/mo
0.3 miles
IHOP
Dining
10,314 visits/mo
0.1 miles
Save-A-Lot
Groceries
6,691 visits/mo
0.3 miles
Church's Chicken
Dining
5,688 visits/mo
0.2 miles
Demographics for 33563, FL
27,344
Population
10,794
Households
2.5
Avg Household Size
35
Median Age
18%
College-Educated
76%
High-School Grad
15.1 sq mi
ZIP Area
1,811
Density / Sq Mi
$56,318
Median Household Income
$35,142
Median Earnings
$1,226
Median Rent
$197,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Bishop’s Storehouse — 606 Hitchcock St, Plant City, FL 33564
- Home Storage Center — 606 Hitchcock St, Plant City, FL 33563
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Block commercial building with C-1A zoning, substantial street frontage, and on-site parking.
Where is this grocery and convenience store located?
The property is located at 1106 S COLLINS Street Plant City, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Approximately 107 feet of frontage on S Collins St; 12 on‑site parking spaces; 0.26‑acre commercial site
