Two-Suite Mixed-Use
For Sale
$1,595,000
1214 W Reynolds Street 1, Plant City, FL 33563
C-1A zoning and separate suite entrances support distinct commercial operations within one building.
Property Size6,598 SF
Price / SF$260.71
Days on Market12
Property Features for 1214 W Reynolds Street 1
General Information
Standard status
Active
Size
6,598 SF
Zoning
C-1A
Taxes and HOA fees
Annual Taxes
$19,924
Amenities
true
1
Public Records
Trees/Landscaped
Corner Lot,City Lot
Public
34848
109 x 169
0.8
false
Ground Level
Paved,Asphalt
Slab
Street Paved,City Street
6598
Public Maintained Road
2
Building Details
Building Size
6,598 SF
Year Built
2005
Stories
1
Listing Agency:
HOMERUN REALTY
(352) 624-0935
Listed By:
William Worthy · License #3607326
(352) 895-5480
Source:
Homerunrealtyteam
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 31 at 2:40AM
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 HOMERUN REALTY
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Investment Insights
Based on property information with market context.
This 6,118-square-foot, single-story commercial property is divided into two suites with private entrances and separate electric meters. The larger suite measures approximately 4,818 square feet and includes two offices, a waiting area, three bathrooms, and a pool with a private shower. The approximately 1,300-square-foot second suite has four glass-partitioned service or office rooms and two bathrooms; it is currently configured as a salon. Water and sewer service are shared between the suites.
The property occupies a corner at Highway 92 and Reynolds Road in Plant City, within city limits. C-1A zoning applies. The building was constructed in 2005.
The property occupies a corner at Highway 92 and Reynolds Road in Plant City, within city limits. C-1A zoning applies. The building was constructed in 2005.
Key Highlights
- 6,118‑square‑foot, single‑story commercial building
- Two suites with private entrances and separate electric meters
- Approximately 4,818‑square‑foot suite with pool, private shower, two offices, waiting area, and three bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,986
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,519,720
$1.5M
Cap Rate 7%
$1,085,514
$1.1M
Cap Rate 9%
$844,289
$844.3K
Market Conditions
NOI Build-Up for 6,118 SF
Gross rent
$132.1K $21.60/SF
− Vacancy
−$10.6K −$1.73/SF
EGI
$121.6K $19.87/SF
− OpEx
−$45.6K −$7.45/SF
NOI
$76.0K $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 Rate 5%
$1,519,720
Cap Rate 7%
$1,085,514
Cap Rate 9%
$844,289
Alternative Uses
Best Use
Mixed Use
$1.09M
$949.8K – $1.27M
NOI $75,986 @ 7.0% cap · market cap 4.76%
Second Best
Healthcare Medical
$806.1K
$705.4K – $940.5K
NOI $56,428 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,027 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,210
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-1A zoning and separate suite entrances support distinct commercial operations within one building.
Where is this mixed-use property 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: 6,118‑square‑foot, single‑story commercial building; Two suites with private entrances and separate electric meters; Approximately 4,818‑square‑foot suite with pool, private shower, two offices, waiting area, and three bathrooms
