Retail Investment Opportunity in
For Sale
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1309 S Collins St, Plant City, FL 33563
Retail building with three units in Plant City, Florida.
Property Size4,322 SF
Price / SF$277.65
Days on Market165
Property Features for 1309 S Collins St
General Information
Standard status
Active
Size
4,322 SF
Property subtype
Retail
Zoning
C-1A
Occupancy
100%
Investment Type
Value Add
Building Details
Year Built
1995
Listing Agency:
Boutique National LLC
Listed By:
James Garner · License #SL3588573
Source:
Crexi
Added: Mar 4
Changed: Aug 14
Last Checked: Aug 16 at 9:42AM
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 Boutique National LLC
Investment Insights
Based on property information with market context.
This 4,322 square foot building in Plant City, FL, presents an investment opportunity. The property is divided into three individual units, featuring an adaptable layout suitable for various business needs, particularly retail. Its location offers maximum exposure, with close proximity to Interstate 4 and direct access to Highway 60. The property fronts the major arterial roadway leading into historic Downtown Plant City.
Key Highlights
- Prime location in Plant City, FL, offering maximum exposure.
- Direct access to Highway 60 and proximity to Interstate 4.
- Adaptable layout suitable for diverse retail business needs.
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
$42,431
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
3.54%
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%
$848,620
$848.6K
Cap Rate 7%
$606,157
$606.2K
Cap Rate 9%
$471,456
$471.5K
Market Conditions
NOI Build-Up for 4,322 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
$64.8K $15.00/SF
− Vacancy
−$4.2K −$0.98/SF
EGI
$60.6K $14.03/SF
− OpEx
−$18.2K −$4.21/SF
NOI
$42.4K $9.82/SF
Area
Hillsborough County, FL
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$848,620
Cap Rate 7%
$606,157
Cap Rate 9%
$471,456
Alternative Uses
Best Use
Retail
$606.2K
$530.4K – $707.2K
NOI $42,431 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,618 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
121k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Dining 19%
Superstores 17%
Apparel 10%
RaceTrac
Shops & Services
34,460 visits/mo
0.5 miles
Big Lots
Superstores
20,199 visits/mo
0.2 miles
Bealls
Apparel
12,428 visits/mo
0.1 miles
IHOP
Dining
10,314 visits/mo
0.2 miles
Hardee's
Dining
7,241 visits/mo
0.5 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail building with three units in Plant City, Florida.
Where is this retail space located?
The property is located at 1309 S Collins St Plant City, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Prime location in Plant City, FL, offering maximum exposure.; Direct access to Highway 60 and proximity to Interstate 4.; Adaptable layout suitable for diverse retail business needs.
