Corner Mixed-Use Retail and
For Sale
$2,000,000
111 S Collins Street PLANT CITY, Plant City, FL 33563
Downtown corner property with three triple-net commercial suites and five apartments above, plus private rear parking.
Property Size10,154 SF
Price / SF$196.97
Days on Market50
Property Features for 111 S Collins Street PLANT CITY
General Information
Standard status
Active
Size
10,154 SF
Class
Trophy
Zoning
C-1
Financials
Cap Rate
5.89%
Business Included
Yes
Units
Multifamily Units
5
Office Units
3
Taxes and HOA fees
Annual Taxes
$16,227
Amenities
true
2
Public Records
Public
11017
0.25
1
false
Ground Level,Shared Parking
Asphalt
Slab
Alley,Business District,City Street,Main Throrughfare,Turn Lanes
10154
Public Maintained Road
8
Building Details
Building Size
10,154 SF
Year Built
1907
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
THE REAL ESTATE COLLECTION LLC
(407) 656-7814
Listed By:
Christian Dyas · License #3121297
(407) 656-7814
Source:
Therealestatecollection
Added: Jul 4
Changed: Aug 9
Last Checked: Aug 22 at 3:29AM
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 THE REAL ESTATE COLLECTION LLC
Investment Insights
Based on property information with market context.
This mixed-use building combines three commercial storefront tenants on the ground level with five apartments upstairs. The residential mix includes two two-bedroom units and three one-bedroom units. The three commercial tenants are on triple net leases, with each tenant responsible for its own maintenance and utilities, and paying its share of property taxes. Each tenant has a separate power meter. Recent improvements include a TPO roof installed approximately three years ago and roughly $100,000 in upgrades completed over the past three years.
Located on the corner of S. Collins St. in downtown Plant City, the property is supported by both private and public parking. A private parking lot to the rear is included in the sale, and a public parking lot is located across the street.
For tenants and buyers, the configuration offers storefront space with individual utility metering and an upper-level residential component in the same ownership structure. The triple-net structure on the commercial portion shifts maintenance and utility responsibility to the tenants, while the upstairs apartments provide additional income-producing space within one well-defined asset.
Located on the corner of S. Collins St. in downtown Plant City, the property is supported by both private and public parking. A private parking lot to the rear is included in the sale, and a public parking lot is located across the street.
For tenants and buyers, the configuration offers storefront space with individual utility metering and an upper-level residential component in the same ownership structure. The triple-net structure on the commercial portion shifts maintenance and utility responsibility to the tenants, while the upstairs apartments provide additional income-producing space within one well-defined asset.
Key Highlights
- Mixed‑use 2‑story building built in 1907 with 8 tenants: 3 commercial units downstairs and 5 apartments upstairs
- Apartment mix includes 2 two‑bedroom units and 3 one‑bedroom units
- Three commercial tenants are on Triple Net (NNN) leases for their share of property taxes, maintenance, and utilities
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
$126,113
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
6.31%
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%
$2,522,260
$2.5M
Cap Rate 7%
$1,801,614
$1.8M
Cap Rate 9%
$1,401,256
$1.4M
Market Conditions
NOI Build-Up for 10,154 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
$219.3K $21.60/SF
− Vacancy
−$17.5K −$1.73/SF
EGI
$201.8K $19.87/SF
− OpEx
−$75.7K −$7.45/SF
NOI
$126.1K $12.42/SF
Area
Hillsborough County, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$2,522,260
Cap Rate 7%
$1,801,614
Cap Rate 9%
$1,401,256
Alternative Uses
Best Use
Mixed Use
$1.80M
$1.58M – $2.10M
NOI $126,113 @ 7.0% cap · market cap 6.31%
Second Best
Retail
$1.42M
$1.25M – $1.66M
NOI $99,687 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,847 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
5
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,027
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown corner property with three triple-net commercial suites and five apartments above, plus private rear parking.
Where is this mixed-use property located?
The property is located at 111 S Collins Street PLANT CITY Plant City, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Mixed‑use 2‑story building built in 1907 with 8 tenants: 3 commercial units downstairs and 5 apartments upstairs; Apartment mix includes 2 two‑bedroom units and 3 one‑bedroom units; Three commercial tenants are on Triple Net (NNN) leases for their share of property taxes, maintenance, and utilities
