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Property profile & analytics
OFF-MARKET
Retail space
109 Dr Martin Luther King Jr Blvd Plant City, FL 33563-5539
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-2017306
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,564 SF
Lot
0.07 ac (2,887 SF)
Zoning code
C-1
APN
P2928225DF000004000070
UPID
US18-2017306
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Botánica La Guadalupana Botanical Garden
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
David Hudder · 13 yrs held
David Hudder
since 2012
7 recorded transactions
Zoning & alternative use
C-1 · Plant City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Plant City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plant City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,787
Tax year 2023
Assessed value
$163,394
Assessed 2023
Previous assessed
$141,364
+15.6% YoY
Effective rate
1.71%
On assessed value
Assessed land
$18,766
Assessed improvement
$144,628
Land market value
$18,766
Improvement market value
$144,628
Total market value
$163,394
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
3
Rooms
3
Total area
4,564 SF
Lot
0.07 ac (2,887 SF)
Zoning code
C-1
APN
P2928225DF000004000070
UPID
US18-2017306
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
C-1 · Plant City, FL
Zoning C-1 · permitted uses
C-1 · Plant City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Plant City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
3
Rooms
3
Lot
0.07 ac
Current owner
From public records · entity-resolved
David Hudder
Individual
Mailing address
109 E DR MARTIN LUTHER KING JR BLVD, PLANT CITY, FL 33563-5539
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2012
$97,500
David Hudder
Tanner,theodore F
Warranty Deed
—
Oct 31, 2011
$100
Theodore F Tanner
Cohagen,donald L III Coc
Trustees Deed
related
—
Mar 29, 2010
—
Donald L Cohagen III
—
Trustees Deed
related
$38,249 · Holland Roofing INC
Jun 23, 2005
$43,200
Marcia V Hul
Davis,marc A
Quit Claim Deed
related
—
Jun 23, 2005
$217,500
Donald L Cohagen III
Vandenhul,terry & Marcia
Warranty Deed
—
Oct 27, 1997
$11,500
Richard A Cox
Gandy,r L & Nada F
Grant Deed
—
—
—
Donald L Cohagen III
—
Deed Of Trust
related
$80,000 · Theodore F & Patricia A Foreman
—
—
Theodore F Tanner
—
Deed Of Trust
related
$97,500 · David Hudder
—
—
Donald L Cohagen III
—
Deed Of Trust
related
$80,800 · Theodore F Tanner
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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