Office Building with Flex
New
For Sale
$1,295,000
106 N EVERS, Plant City, FL 33563
A multi-office layout includes adaptable interior space and the potential to separate the building into distinct suites.
Property Size12,434 SF
Price / SF$114.60
Days on Market2
Property Features for 106 N EVERS
General Information
Standard status
Active
Size
12,434 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$19,613
Building Details
Building Size
12,434 SF
Year Built
1956
Buildings
1
Listing Agency:
MCGRATH POPPELL & CO., INC.
Listed By:
Mac McGrath · License #687181
(813) 967-1820
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 1:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MCGRATH POPPELL & CO., INC.
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Investment Insights
Based on property information with market context.
Built in 1956, this 11,300+ square foot office property contains 12+ private offices, 8 bathrooms, and additional flex area. The interior can accommodate varied room configurations, and the floor plan may be divided into multiple suites. Recent improvements have been completed, with further renovations underway. Additional upgrades may qualify for participation in Plant City’s matching grant program, subject to restrictions.
At 106 N Evers, the property sits within the Downtown Plant City Historic District. The address is in downtown Plant City, near local businesses, dining, and community amenities. Its reported Bike Score is 54 and Walk Score is 67.
At 106 N Evers, the property sits within the Downtown Plant City Historic District. The address is in downtown Plant City, near local businesses, dining, and community amenities. Its reported Bike Score is 54 and Walk Score is 67.
Key Highlights
- 11,300+ square foot office building
- 12+ private offices and 8 bathrooms
- Additional flex area and a layout that may be divided into multiple suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,255
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,525,100
$1.5M
Cap Rate 7%
$1,089,357
$1.1M
Cap Rate 9%
$847,278
$847.3K
Market Conditions
NOI Build-Up for 11,300 SF
Gross rent
$124.8K $11.04/SF
− Vacancy
−$23.1K −$2.04/SF
EGI
$101.7K $9.00/SF
− OpEx
−$25.4K −$2.25/SF
NOI
$76.3K $6.75/SF
Area
Hillsborough County, FL
Vacancy
18.50%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,525,100
Cap Rate 7%
$1,089,357
Cap Rate 9%
$847,278
Alternative Uses
Best Use
Office B
$1.09M
$953.2K – $1.27M
NOI $76,255 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.27M
$2.86M – $3.82M
NOI $229,079 @ 7.0% cap · market cap 17.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
994
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A multi-office layout includes adaptable interior space and the potential to separate the building into distinct suites.
Where is this office building located?
The property is located at 106 N EVERS Plant City, FL.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 11,300+ square foot office building; 12+ private offices and 8 bathrooms; Additional flex area and a layout that may be divided into multiple suites
