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Property profile & analytics
FOR SALE
Retail space
111 S Collins St Plant City, FL 33563
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5289316
For Sale
1 / 7
$2,000,000
111 S Collins St, Plant City, FL 33563
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1907
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,410 SF
Lot
0.25 ac (11,017 SF)
Zoning code
C-1
APN
P2928225DF000000000040
UPID
US18-5289316
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
-
Millie's Gift Shop (Bike/Boat/Book/etc) Store
-
Plant City Card Shop (Bike/Boat/Book/etc) Store Arcade & Gaming Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.28M
CAP Approach
CAP
$970k
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.14M
Owner & transaction history
Bp 3 LLC · 5 yrs held
Bp 3 LLC
since 2020
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
C-1 · Plant City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+65.1%
Neighborhood: shopping center
$1.6M
+62.6%
Auto repair, garage
$1.2M
+25.8%
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
Method
Estimation
Statistic approach
$1,230,000
ML approach
$1,275,000
CAP Approach
CAP Return
Estimation
6%
$1,050,000
6.5%
$970,000
7%
$900,000
Alternative Use
Use
Estimation
RETAIL STORES
$960,000
Current use
MEDICAL BUILDING
$1,590,000
Change: +65% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,565,000
Change: +63% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,210,000
Change: +26% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,095,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$895,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±10% · vs last sale $1.10M (Dec 7 2020)
Last sale anchor
$1.10M
Dec 7 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$177 / SF
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
$15,517
Tax year 2023
Assessed value
$917,116
Assessed 2023
Previous assessed
$831,340
+10.3% YoY
Effective rate
1.69%
On assessed value
Assessed land
$143,290
Assessed improvement
$773,826
Land market value
$143,290
Improvement market value
$773,826
Total market value
$917,116
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
For Sale
Year built
1907
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Units
5
Rooms
5
Total area
6,410 SF
Lot
0.25 ac (11,017 SF)
Zoning code
C-1
APN
P2928225DF000000000040
UPID
US18-5289316
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$960,000
MEDICAL BUILDING
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$895,000
RETAIL STORES Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1907
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Units
5
Rooms
5
Lot
0.25 ac
Current owner
From public records · entity-resolved
Bp 3 LLC
Entity
Mailing address
3616 HARDEN BLVD #316, LAKELAND, FL 33803-5938
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2020
$1,100,000
Bp 3 LLC
H & B Investment Properties LLC
Warranty Deed
$770,000 · Hillsboro Bank
Sep 14, 2017
—
H & B Investment Props LLC
—
Deed
related
$350,000 · Usameribank
Sep 14, 2012
$280,500
City Adventures LLC
Platinum Bk
Warranty Deed
$229,500 · Platinum Bank
Jan 30, 2012
$100
Platinum Bk
Hawthorne R/e Lc Coc
Trustees Deed
related
—
Jun 4, 2009
—
Real Estate Lc Hawthorne
—
Deed Of Trust
related
$1,278,567 · Farm Credit Central Florida
—
—
Real Estate Lc Hawthorne
—
Deed Of Trust
related
—
—
—
Real Estate Lc Hawthorne
—
Deed Of Trust
related
$200,000 · Platinum Bank
—
—
H & B Investment Props LLC
—
Deed Of Trust
related
$350,000 · Usameribank
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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