Medical Office Building with Marquee
New
For Sale
$326,000
1205 W BAKER St, Plant City, FL 33563
C-1B zoning supports a range of commercial applications along a prominent commercial corridor.
Property Size1,620 SF
Days on Market2
Property Features for 1205 W BAKER St
General Information
Standard status
Active
Size
1,620 SF
Total Parking Spaces
20
Property subtype
Commercial
Zoning
C-1B
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$5,641
Building Details
Building Size
1,620 SF
Year Built
1955
Stories
1
Units
1
Listing Agency:
MCGRATH POPPELL & CO., INC.
(813) 955-6706
Listed By:
Asher McGrath · License #687181
(813) 955-6706
Source:
Elliman
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 6:15AM
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.
Investment Insights
Based on property information with market context.
This medical office property dates to 1955 and is currently configured for dental practice use. The site encompasses nearly an acre, includes 20 parking spaces, and provides 400 feet of road frontage. Roadside lit marquee signage adds an established identification feature along the property’s frontage.
The property is located at 1205 W Baker St in Plant City, along HWY 92/Baker St. Zoning is C-1B, permitting a diverse range of commercial applications. The location has a Walk Score of 59 and a Bike Score of 46.
The property is located at 1205 W Baker St in Plant City, along HWY 92/Baker St. Zoning is C-1B, permitting a diverse range of commercial applications. The location has a Walk Score of 59 and a Bike Score of 46.
Key Highlights
- Medical office property built in 1955
- Currently configured for dental practice use
- Nearly an acre of land with 20 parking spaces
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
$14,942
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%
$298,840
$298.8K
Cap Rate 7%
$213,457
$213.5K
Cap Rate 9%
$166,022
$166.0K
Market Conditions
NOI Build-Up for 1,620 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
$27.2K $16.80/SF
− Vacancy
−$2.3K −$1.43/SF
EGI
$24.9K $15.37/SF
− OpEx
−$10.0K −$6.15/SF
NOI
$14.9K $9.22/SF
Area
Hillsborough County, FL
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
40.00%
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%
$298,840
Cap Rate 7%
$213,457
Cap Rate 9%
$166,022
Alternative Uses
Best Use
Healthcare Medical
$213.5K
$186.8K – $249.0K
NOI $14,942 @ 7.0% cap · market cap 4.58%
Second Best
Office B
$156.2K
$136.7K – $182.2K
NOI $10,932 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$469.2K
$410.5K – $547.4K
NOI $32,841 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
Balanced
Demand for This Use
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - C-1B zoning supports a range of commercial applications along a prominent commercial corridor.
Where is this medical office space located?
The property is located at 1205 W BAKER St Plant City, FL.
What is the asking price?
The asking price for this property is $326,000.
What are key features of this property?
This property features: Medical office property built in 1955; Currently configured for dental practice use; Nearly an acre of land with 20 parking spaces
