Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    702 Tilman Pl Plant City, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office building with ample parking, mature landscaping, and road signage.

    Type:OFFICE
    Property size:
    7,826 SF
    Lot size:
    1.99 Acres
    Added:
    Apr 16, 2025
    Days on Market:
    376
    Last Refresh:
    Apr 5 at 8:51 pm

    Property Features for 702 Tilman Pl

    General Information

    Standard status
    Active
    Size
    7,826 SF
    Lot size
    1.99 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 702 Tilman Pl Contact us

    We can help!

    Listing Contact
    Lauren Ralston Smith

    Listing agent Lauren Ralston Smith

    Listing office Saunders Real Estate, LLC

    Listing date Apr 16, 2025

    Source Moodyscre

    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 Saunders Real Estate, LLC

    Overview

    Plant City Office Building For Sale

    This 7,826 square foot office building is available for sale. The solid brick building features a new roof and ample parking with a carport. Mature landscaping provides shade, and an exterior patio offers a pond view. The property also includes a small detached workshop with a rollup door. Road signage provides high visibility.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Plant City
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.117
    Latitude
    28.0148

    Nearby Similar for Lease

    • $2,650/Mo

      Plant City Flex Space Available

      Newly constructed, air-conditioned flex space with roll-up door for lease.
      733 Tillman pl, Plant City, FL 33566
      View Details
    • $12 SF/Yr

      Warehouse with Full Commercial Kitchen

      Warehouse, office, and full kitchen available for rent.
      4605 REECE Rd 8 & 9, Plant City, FL 33566
      View Details
    • $158,145 SF/Yr

      Plant City Office Space Available

      Office building in Plant City, Florida, available for lease.
      106 N EVERS STREET, PLANT CITY, FL 33563
      View Details
    • $16,800/Mo

      Office Space on Baker Street

      Office space for rent with lobby, offices, and breakroom.
      1407 E BAKER STREET B, PLANT CITY, FL 33563
      View Details
    • Contact for pricing

      Plant City Warehouse Space Available

      65,929 SF warehouse space with 30' clear height.
      2041 S County Line Rd, Plant City, FL 33566
      View Details
    • Contact for pricing

      Former Restaurant Space For Lease

      2,759 SF former Popeye’s building available for lease.
      Plant City, FL 33563
      View Details
    • Contact for pricing

      Spacious Industrial Facility Near I-4

      Large 535,507 SF distribution center with logistical advantages.
      3017 South County Line Road, Plant City, FL, 33566
      View Details
    • $18 SF/Yr

      Renovated Retail Space in Plant

      Completely renovated retail space in Plant City's Midtown Redevelopment District.
      301 S Collins St, Plant City, FL
      View Details
    • Contact for pricing

      Retail Space with Drive-Thru

      8,705 SF retail space with drive-thru and ample parking.
      201 W Reynolds St, Plant City, FL 33563
      View Details
    • Contact for pricing

      Plant City Warehouse Distribution Space

      Class A industrial park with excellent access to major highways.
      611 Charlie Taylor Road, Plant City, FL, 33566
      View Details
    • Contact for pricing

      New Construction Rear-Load Warehouse

      New construction warehouse with I-4 corridor visibility for lease.
      1530 N. Frontage Rd, Plant City, Florida 33563
      View Details
    • $19 SF/Yr

      Downtown Plant City Office Space

      Office space in downtown Plant City surrounded by businesses.
      102-115 S Evers St, Plant City, FL
      View Details

    FAQs

    What type of property is this?
    Office building - Office building with ample parking, mature landscaping, and road signage.
    Where is this office building located?
    The property is located at 702 Tilman Pl Plant City, FL.
    What are key features of this property?
    This property features: Solid brick building with **new roof**; Ample parking with carport; Highly visible with road signage
    (863) 873-1970 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lauren Ralston Smith
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!