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 W Baker St Plant City, FL 33563

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    40,919 SF fully leased retail center on 2.71 acres.

    Property size:
    40,919 SF
    Lot size:
    2.63 Acres

    Property Features for 3402 W Baker St

    General Information

    Size
    40,919 SF
    Lot size
    2.63 Acres

    We can help!

    Listing Contact
    Michael Braccia, P.a.
    Michael Braccia, P.a.
    Source: Moodyscre

    Listing Agency: Bay Street Commercial Listing Agent: Michael Braccia, P.a.

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Plant City Retail Strip Center

    This 40,919 SF fully leased retail strip center is located on a 2.71 acre C-1A commercial zoned lot with over 130 parking spaces on busy Baker Street in the heart of Plant City's most dense residential corridor. Anchored by a Latin grocery store, this stabilized center features a host of symbiotic businesses which serve the greater Plant City market. Other tenants include two restaurants, a barber shop, billiards hall, auction house, cell phone store, a tortilleria, and a laundromat. The property also includes an additional parcel to the rear with a small home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Olde Henry's Coin ... (Bike/Boat/Book/etc) Store Strawberry Hill Shopping ... Shopping Center & Mall

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Plant City
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.1571454
    Latitude
    28.0200976

    Nearby Similar for Sale

    • $700,000
      1,716 SF

      Turnkey Bar with COP License

      Profitable bar with COP license in a growing community.
      5402 W Us Highway 92 U.S, Plant City, FL 33566
      View Details
    • $695,000
      1,305 SF

      Mixed-Use Commercial Investment Opportunity

      Three buildings on one parcel, zoned for retail, office, mixed-use.
      1305 E Baker St, 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 St, Plant City, FL 33563
      View Details
    • $686,000
      1,364 SF

      Plant City Farm with Pond

      6.8 acres with pond, home, and workshop.
      3101 Medulla Rd, Plant City, FL 33566
      View Details
    • New
      $354,900
      Pending

      Plant City Duplex Opportunity

      Brick duplex near Strawberry Festival, convenient I-4 access.
      1802 W House St, 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 St, Plant City, FL 33563
      View Details
    • New
      $659,000
      3,336 SF

      Plant City Multifamily Investment Opportunity

      Turnkey six-unit apartment property with strong income potential.
      503 W Baker St, Plant City, FL 33563
      View Details
    • New
      $194,000
      Pending

      Plant City Duplex Investment Opportunity

      Turnkey duplex in downtown Plant City with immediate rental income.
      1005 W Washington St, Plant City, FL 33563
      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 St, Plant City, FL 33563
      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 Blvd, Plant City, FL 33563
      View Details
    • $800,000

      Turnkey Bar with COP License

      Profitable bar with COP license in a growing community.
      5402 W Us Highway 92 U.S, Plant City, FL 33566
      View Details
    • Contact for pricing

      Versatile Commercial Space in Plant City

      1,600 SF flex space with roll-up door, convenient location.
      733 Tillman Pl, Plant City, FL 33566
      View Details

    FAQs

    What type of property is this?
    Strip mall - 40,919 SF fully leased retail center on 2.71 acres.
    Where is this strip mall located?
    The property is located at 3402 W Baker St Plant City, FL.
    What are key features of this property?
    This property features: - Fully leased 40,919 SF retail strip center providing immediate income.; - Located on a 2.71 acre C-1A commercial zoned lot in a dense residential area of Plant City.; - Anchored by a Latin grocery store, attracting consistent customer traffic.
    (813) 254-6756 Call to check price and availability
    Request Owner's contact information
    3402 W Baker St Plant City, FL 33563
    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.
    3402 W Baker St
    Plant City, FL 33563
    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
    3402 W Baker St Plant City, FL 33563
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Braccia, P.a.
    Michael Braccia, P.a.
    Real Estate License ID: SL3033512
    (813) 254-6756 (813) 625-2375
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!