Convenience Store Building with Metal
New
For Sale
$550,000
1106 S COLLINS St, Plant City, FL 33563
Retail building with on-site parking and a recently installed metal roof.
Property Size1,854 SF
Price / SF$242.61
Days on Market2
Property Features for 1106 S COLLINS St
General Information
Standard status
Active
Size
1,854 SF
Total Parking Spaces
12
Property subtype
Commercial
Additional Details
Asking Price
$550,000
Taxes and HOA fees
Annual Taxes
$4,506
Building Details
Building Size
1,854 SF
Year Built
1966
Listing Agency:
Charles Rutenberg Realty, Inc
(727) 320-6645
Listed By:
Manjur Ahmed · License #3438804
(727) 320-6645
Source:
Elliman
Added: Aug 11
Changed: Aug 12
Last Checked: Aug 12 at 2:51AM
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 Charles Rutenberg Realty, Inc
Investment Insights
Based on property information with market context.
This approximately 2,267-square-foot convenience-oriented retail building was constructed in 1966 and includes 12 parking spaces. A metal roof was installed in 2026, with a permit and warranty documented for the improvement.
The property is located at 1106 S Collins St in Plant City, Florida, with approximately 107 feet of frontage along S Collins St. Its existing building area, street exposure, and on-site parking provide a defined commercial footprint for continued retail use, subject to applicable requirements and approvals.
The property is located at 1106 S Collins St in Plant City, Florida, with approximately 107 feet of frontage along S Collins St. Its existing building area, street exposure, and on-site parking provide a defined commercial footprint for continued retail use, subject to applicable requirements and approvals.
Key Highlights
- Approximately 2,267 SF of existing commercial building area
- Approximately 107 feet of frontage on S Collins St
- 12 parking spaces included on 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
$25,198
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
4.58%
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%
$503,960
$504.0K
Cap Rate 7%
$359,971
$360.0K
Cap Rate 9%
$279,978
$280.0K
Market Conditions
NOI Build-Up for 2,267 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
$35.4K $15.60/SF
− Vacancy
−$1.8K −$0.78/SF
EGI
$33.6K $14.82/SF
− OpEx
−$8.4K −$3.70/SF
NOI
$25.2K $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%
$503,960
Cap Rate 7%
$359,971
Cap Rate 9%
$279,978
Alternative Uses
Best Use
Specialty Retail
$360.0K
$315.0K – $420.0K
NOI $25,198 @ 7.0% cap · market cap 4.58%
Second Best
Retail
$317.9K
$278.2K – $370.9K
NOI $22,256 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$656.5K
$574.5K – $766.0K
NOI $45,958 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Retail building with on-site parking and a recently installed metal roof.
Where is this grocery and convenience store located?
The property is located at 1106 S COLLINS St 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 2,267 SF of existing commercial building area; Approximately 107 feet of frontage on S Collins St; 12 parking spaces included on site
