Two-Suite Office
For Sale
$1,595,000
1214 W REYNOLDS STREET #1, Plant City, FL 33563
Single-story office property with private entrances, separate electric meters, and C1-A zoning.
Property Size6,598 SF
Price / SF$241.74
Days on Market8
Property Features for 1214 W REYNOLDS STREET #1
General Information
Standard status
Active
Size
6,598 SF
Property subtype
Office
Zoning
C1-A
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Office Units
2
Amenities
indoor pool
private shower
Building Details
Year Built
2005
Buildings
1
Stories
1
Listing Agency:
COMPASS FLORIDA LLC
(813) 365-9935
Listed By:
Malissa Crawford · License #3171589
Source:
Endlesssummerrealty
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 9 at 8:28AM
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 COMPASS FLORIDA LLC
Investment Insights
Based on property information with market context.
This 6,598-square-foot office building contains two separately configured suites, each with a private entrance and separate electric meter. Suite #1 measures approximately 4,818 square feet and includes an open layout, waiting area, two private offices, three bathrooms, and an indoor pool with a private shower. Suite #2 encompasses approximately 1,300 square feet and is arranged with four office or service spaces, glass-partitioned interiors, and two bathrooms. The building was constructed in 2005.
Positioned on the corner of Highway 92 and Reynolds Road at 1214 W Reynolds Street #1 in Plant City, the property sits within the city limits along a major thoroughfare. The suites share water and sewer service while maintaining separate electrical metering. C1-A zoning is in place; intended use, occupancy, licensing, and permitting should be confirmed with the appropriate governmental authorities.
Positioned on the corner of Highway 92 and Reynolds Road at 1214 W Reynolds Street #1 in Plant City, the property sits within the city limits along a major thoroughfare. The suites share water and sewer service while maintaining separate electrical metering. C1-A zoning is in place; intended use, occupancy, licensing, and permitting should be confirmed with the appropriate governmental authorities.
Key Highlights
- 6,598‑square‑foot office building constructed in 2005
- Two suites with private entrances and separate electric meters
- Suite #1: approximately 4,818 square feet with indoor pool and private shower
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
$60,855
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
3.82%
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%
$1,217,100
$1.2M
Cap Rate 7%
$869,357
$869.4K
Cap Rate 9%
$676,167
$676.2K
Market Conditions
NOI Build-Up for 6,598 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
$110.8K $16.80/SF
− Vacancy
−$9.4K −$1.43/SF
EGI
$101.4K $15.37/SF
− OpEx
−$40.6K −$6.15/SF
NOI
$60.9K $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%
$1,217,100
Cap Rate 7%
$869,357
Cap Rate 9%
$676,167
Alternative Uses
Best Use
Healthcare Medical
$869.4K
$760.7K – $1.01M
NOI $60,855 @ 7.0% cap · market cap 3.82%
Second Best
Office B
$636.1K
$556.6K – $742.1K
NOI $44,525 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,758 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,210
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Single-story office property with private entrances, separate electric meters, and C1-A zoning.
Where is this office building located?
The property is located at 1214 W REYNOLDS STREET #1 Plant City, FL.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 6,598‑square‑foot office building constructed in 2005; Two suites with private entrances and separate electric meters; Suite #1: approximately 4,818 square feet with indoor pool and private shower
