Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3402 JAMES L REDMAN PARKWAY Plant City, FL 33566

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,500,000

    26.399 acres of commercial land with road frontage.

    Type:Lots/Land
    Property size:
    1,864 SF
    Lot size:
    26.39 Acres
    Added:
    Mar 23, 2026
    Days on Market:
    28
    Last Refresh:
    Apr 5 at 8:11 pm

    Property Features for 3402 JAMES L REDMAN PARKWAY

    General Information

    Standard status
    Active
    Size
    1,864 SF
    Lot size
    26.39 Acres
    Property subtype
    Lots/Land

    Building Details

    Year Built
    1913

    We can help!

    Listing Contact
    Mac McGrath

    Listing agent Mac McGrath License #687181

    Listing office MCGRATH POPPELL & CO., INC.

    Listing date Mar 23, 2026

    Source Exitrealty

    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 MCGRATH POPPELL & CO., INC.

    Overview

    26.399 Acres Commercial Gateway Land

    This property consists of 26.399 acres of land, divided into four parcels. The property is located inside Plant City Limits and is zoned Commercial Gateway, offering road frontage suitable for various uses. Currently, the property is greenbelted. Available documents include a survey with delineation, environmental assessment, and zoning analysis. There are three rental houses located on the front of the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Brownlee Garden Center Garden Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Plant City
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.1209905
    Latitude
    27.9721369

    Nearby Similar for Sale

    • $695,000
      1,305 SF

      Mixed-Use Commercial Investment Opportunity

      Three buildings on one parcel, zoned for retail, office, mixed-use.
      1305 E BAKER STREET, PLANT CITY, FL 33563
      View Details
    • $249,900
      1,252 SF

      Plant City Commercial Opportunity

      Versatile commercial property on 1.14 acres in Plant City.
      809 E ALSOBROOK STREET, PLANT CITY, FL 33563
      View Details
    • $450,000

      Plant City Vacant Land

      8.57 acres of surveyed land in a private, rural setting.
      7402 Loghouse Rd, Plant City, FL 33565
      View Details
    • $347,000

      Plant City Vacant Land Opportunity

      3.46 acres of vacant land ideal for agricultural use.
      2181 E TRAPNELL ROAD, PLANT CITY, FL 33566
      View Details
    • $979,000

      Plant City Acreage Opportunity

      Multi-parcel acreage in Plant City, Florida, ideal for various uses.
      2181 E TRAPNELL ROAD, PLANT CITY, FL 33566
      View Details
    • $445,000
      2,506 SF

      Plant City Commercial Office Opportunity

      Professional office space with income potential in Plant City, FL.
      702 W DR MARTIN LUTHER KING JR BOULEVARD, PLANT CITY, FL 33563
      View Details
    • $299,995
      1,496 SF

      Remodeled Religious Facility in Plant

      Remodeled religious facility in Plant City, Florida, with meeting hall.
      205 S JOHNSON STREET, PLANT CITY, FL 33563
      View Details
    • $569,000

      Plant City Acreage Homesite Potential

      5.47 acres in Plant City, potential for up to 5 homesites.
      STANLEY ROAD, PLANT CITY, FL 33565
      View Details
    • $259,900
      1,256 SF

      Plant City Income-Producing Duplex

      Income-producing duplex with two units and recent updates in Plant City.
      904 W REYNOLDS STREET, PLANT CITY, FL 33563
      View Details
    • $425,000

      Plant City Land Opportunity

      9.5 acres in Plant City ready for your vision.
      4021 BRUTON ROAD, PLANT CITY, FL 33565
      View Details
    • $179,300

      Nearly One-Acre Residential Land

      Residential land with utilities in place near schools.
      7229 JAMES STANALAND ROAD, PLANT CITY, FL 33567
      View Details
    • $400,000

      Plant City Acre Development Opportunity

      One-acre Plant City lot zoned for residential development.
      3611 W REYNOLDS STREET, PLANT CITY, FL 33563
      View Details

    FAQs

    What type of property is this?
    Commercial land - 26.399 acres of commercial land with road frontage.
    Where is this commercial land located?
    The property is located at 3402 JAMES L REDMAN PARKWAY Plant City, FL.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Large acreage: **26.399 acres total, suitable for various uses.**; Zoned Commercial Gateway within Plant City Limits.; Multiple parcels: **4 total, offering flexibility.**
    (813) 754-8888
    We can help!
    Listing Contact
    Mac McGrath
    Real Estate License ID: 687181
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!