Two-Building Office
New
For Sale
$669,000
2290 E 92, Plant City, FL 33563
M-zoned office asset with established occupancy, highway access, and flexibility for commercial, industrial, manufacturing, and service uses.
Property Size3,556 SF
Lot Size0.90 Acres
Price / SF$185.83
Days on Market2
Property Features for 2290 E 92
General Information
Standard status
Active
Size
3,556 SF
Lot size
0.90 Acres
Property subtype
Commercial
Zoning
M
Occupancy
100%
Site & Location
Road Frontage
200 ft
Highway Access
Yes
Road Access
Yes
Additional Details
Gross Income
$53,000
Land Use
commercial
Taxes and HOA fees
Annual Taxes
$5,871
Building Details
Building Size
3,556 SF
Year Built
1960
Buildings
2
Units
2
Tenancy
Multi
Listing Agency:
The Multifamily Firm
Listed By:
Kyle Keelan · License #SL3256975
(727) 251-5953
Source:
Elliman
Added: Sep 18
Last Checked: Sep 18 at 3:22PM
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 The Multifamily Firm
Investment Insights
Based on property information with market context.
This M-zoned office property comprises two existing buildings totaling approximately 3,600 square feet on a ±0.90-acre site. Both buildings are occupied by commercial tenants, with electricity and certain interior maintenance assigned to the tenants. The improvements date to 1960 and offer an existing office configuration alongside potential for future owner occupancy, repositioning, or redevelopment.
The property fronts US Highway 92 in Plant City with approximately 200 feet of highway frontage and access to Interstate 4. Its location provides connectivity toward Tampa, Lakeland, and Orlando. M zoning supports a range of commercial, industrial, manufacturing, and service-oriented uses, subject to applicable requirements.
The property fronts US Highway 92 in Plant City with approximately 200 feet of highway frontage and access to Interstate 4. Its location provides connectivity toward Tampa, Lakeland, and Orlando. M zoning supports a range of commercial, industrial, manufacturing, and service-oriented uses, subject to applicable requirements.
Key Highlights
- Two office buildings total approximately 3,600 square feet
- ±0.90‑acre M‑zoned site
- Approximately 200 feet of frontage on US Highway 92
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
$24,294
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
3.63%
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%
$485,880
$485.9K
Cap Rate 7%
$347,057
$347.1K
Cap Rate 9%
$269,933
$269.9K
Market Conditions
NOI Build-Up for 3,600 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
$39.7K $11.04/SF
− Vacancy
−$7.4K −$2.04/SF
EGI
$32.4K $9.00/SF
− OpEx
−$8.1K −$2.25/SF
NOI
$24.3K $6.75/SF
Area
Hillsborough County, FL
Vacancy
18.50%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
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%
$485,880
Cap Rate 7%
$347,057
Cap Rate 9%
$269,933
Alternative Uses
Best Use
Office B
$347.1K
$303.7K – $404.9K
NOI $24,294 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$912.3K – $1.22M
NOI $72,981 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
935
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 - M-zoned office asset with established occupancy, highway access, and flexibility for commercial, industrial, manufacturing, and service uses.
Where is this office building located?
The property is located at 2290 E 92 Plant City, FL.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: Two office buildings total approximately 3,600 square feet; ±0.90‑acre M‑zoned site; Approximately 200 feet of frontage on US Highway 92
