Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    103 Mahoney St Plant City, FL 33563-3358

    • High-rise multifamily apartments
    • 59,036 SF
    • 0.33 lot acres
    OFF-MARKET
    Last Sale
    Apr 29, 2024
    $5,200,000
    Value Estimations
    $5,200,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4159729
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Plant City Towers / Apartment Building

    Property Details for 103 Mahoney St

    Year built
    1983
    Construction
    WOOD
    Lot size
    0.33 lot acres
    Property size
    59,036 SF
    Zone code
    C-1
    Property type
    High-rise multifamily apartments
    APN
    P2928225D9000019000020
    APU
    P2928225D9000019000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,200,000
      ML approach
      $5,200,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,248,000
      Market price range: $5.20M - $40.0M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Plant City
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.1242
    Latitude
    28.0173
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $215,145
    $6,144,863
    $6,360,008
    -
    $215,145
    $6,144,863
    $6,360,008

    Comparable in this City

    • Value Estimation
      $620,000
      3,456 SF

      1400 Strawberry Pl

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,456 SF
      1400 Strawberry Pl, Plant City, FL 33563-6876
      View Details
    • Value Estimation by Request
      1.50 Acres

      2901 Granfield Ave

      Multifamily properties • 1.50 Acres
      2901 Granfield Ave, Plant City, FL 33563
      View Details
    • Value Estimation by Request
      3.20 Acres

      1202 Walker St

      Land • 3.20 Acres
      1202 Walker St, Plant City, FL 33563
      View Details
    • Value Estimation by Request
      0.02 Acres

      Wheeler St

      VACANT COMMERCIAL LAND • 0.02 Acres
      Wheeler St, Plant City, FL 33563
      View Details
    • Value Estimation by Request
      0.29 Acres

      302 Calhoun St

      STORAGE YARD (JUNK, SALVAGE) • 0.29 Acres
      302 Calhoun St, Plant City, FL 33563-3402
      View Details
    • Value Estimation by Request
      1.90 Acres

      1800 Corporate Ctr Ln

      VACANT COMMERCIAL LAND • 1.90 Acres
      1800 Corporate Ctr Ln, Plant City, FL 33563-7162
      View Details

    Similar Nearby for Sale

    • New
      $665,000
      3,336 SF

      Turnkey Multi-Family Investment Opportunity

      Six-unit multifamily property in Plant City with strong income potential.
      501 W Baker St, Plant City, FL 33563
      View Details
    • $690,000
      Pending

      Renovated Plant City Quadplex Investment

      Fully renovated Plant City quadplex with strong rental income potential.
      809 W Warren St, Plant City, FL 33563
      View Details
    • $799,000
      1.50 Acres

      Columbia Center Blvd Retail Space

      Prime Retail Space, High Visibility
      2901 Granfield Ave, 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
    • $524,900

      Duplex Near Florida Strawberry Festival

      Duplex with remodeled units, near the Florida Strawberry Festival.
      1710 W Palmetto Ave, Plant City, FL 33563
      View Details
    • $57,000

      Florida 55+ Community Mobile Home

      Well-maintained 2BR mobile home with upgrades in secure community.
      1005 Whitehurst Rd, Plant City, FL 33563
      View Details

    Similar Nearby for Lease

    • $60,000
      435,600 SF

      Plant City Industrial Land for Lease

      10 Acres, Class A, 280 Parking Spaces
      0 Henderson Way, Plant City, FL 33563
      View Details
    • Contact for pricing
      2,576 SF

      Restaurant with Drive-Thru Available

      Existing restaurant with drive-thru for sublease in Plant City.
      1713 James L Redman Pkwy, Plant City, FL 33563
      View Details
    • $1,500 /Mo
      3,120 SF

      Retail Space in Plant City

      Highly visible 1,000 SF retail space available for lease.
      1408 E Baker St, Plant City, FL 33563
      View Details
    • $10 SF/Yr
      43,597 SF

      Established Retail Center For Lease

      Retail center with national tenants, south of downtown Plant City.
      1401-1427 S Collins St, Plant City, FL 33563
      View Details
    • $20 SF/Yr
      5,787 SF

      Retail Space with Prime Location

      Retail space for rent with parking and vaults.
      102 W Baker St, Plant City, FL 33563
      View Details
    • Contact for pricing

      Retail Space with Drive-Thru

      8,705 SF retail space with drive-thru and ample parking.
      201 W Reynolds St, Plant City, FL 33563
      View Details
    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.
    103 Mahoney St
    Plant City, FL 33563-3358
    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.