Plant City Stand-Alone
For Sale
$390,000
Pending
302 Collins Street, Plant City, FL 33563
Affordable stand-alone building in Plant City's historical district.
Property Size1,201 SF
Days on Market251
Property Features for 302 Collins Street
General Information
Standard status
Pending
Size
1,201 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$1,491
Amenities
Central Air
3
Building Details
Year Built
1964
Listing Agency:
US INTERAMERICAN REALTY LLC
(813) 320-0400
Listed By:
Maria Urbano
Source:
Xome
Added: Dec 15, 2025
Changed: Aug 23
Last Checked: Aug 3 at 4:00AM
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 US INTERAMERICAN REALTY LLC
Investment Insights
Based on property information with market context.
This stand-alone building is located in the heart of Plant City's historical district. The property has no common area maintenance fees or additional charges. A courtyard welcomes visitors at the front entrance. The building has two bathrooms and two separate entrance doors at the front and back. The property has excellent visibility and a grandfathered pylon sign, along with advertising walls to the side of the building. There are owned parking spaces totaling 10. A new AC unit was installed in 2023, and a new roof was installed in 2024, along with a new kitchen and sign. The property offers an approximate 6.7% ROI. The bike score is 39, indicating it is somewhat bikeable, and the walk score is 32, indicating it is car-dependent.
Key Highlights
- New Roof (2024), New AC (2023), and New Kitchen
- Prime location in the heart of Plant City's historical district
- No Common Area Maintenance (CAM) fees
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
$11,791
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
3.02%
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%
$235,820
$235.8K
Cap Rate 7%
$168,443
$168.4K
Cap Rate 9%
$131,011
$131.0K
Market Conditions
NOI Build-Up for 1,201 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
$18.0K $15.00/SF
− Vacancy
−$1.2K −$0.98/SF
EGI
$16.8K $14.03/SF
− OpEx
−$5.1K −$4.21/SF
NOI
$11.8K $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%
$235,820
Cap Rate 7%
$168,443
Cap Rate 9%
$131,011
Alternative Uses
Best Use
Retail
$168.4K
$147.4K – $196.5K
NOI $11,791 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$347.8K
$304.3K – $405.8K
NOI $24,347 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,049
Businesses Nearby
44k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 36%
Home Improvements & Furnishings 9%
Electronics 1%
Wells Fargo
Shops & Services
10,859 visits/mo
0.2 miles
IHOP
Dining
10,314 visits/mo
0.4 miles
Sunoco
Shops & Services
5,817 visits/mo
0.5 miles
Church's Chicken
Dining
5,688 visits/mo
0.3 miles
Advance Auto Parts
Shops & Services
4,384 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - Affordable stand-alone building in Plant City's historical district.
Where is this storefront property located?
The property is located at 302 Collins Street Plant City, FL.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: New Roof (2024), New AC (2023), and **New Kitchen**; Prime location in the heart of Plant City's historical district; No Common Area Maintenance (CAM) fees
