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Property profile & analytics
OFF-MARKET
Estimated value
$6,755,000
Showrooms
1401 Mercantile Ct Plant City, FL 33563-1152
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US19-0416667
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1989
Construction
STEEL FRAME
Total area
33,392 SF
Lot
4.72 ac (205,426 SF)
Zoning code
PD
APN
P312822595000000000010
UPID
US19-0416667
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
-
RESA Power Plant City Building Supply Electrical Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.38M
Comparable Approach
Comparable
$7.71M
Blend (final)
Blend
$6.76M
Owner & transaction history
1401 Mercantile LLC · 6 yrs held
1401 Mercantile LLC
since 2019
4 recorded transactions
Zoning & alternative use
PD · Plant City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.3M
+118.7%
Neighborhood: shopping center
$8.1M
+115.4%
Auto repair, garage
$6.3M
+66.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,910,000
6.5%
$6,380,000
7%
$5,925,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,270,000
Change: +119% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$8,145,000
Change: +115% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,300,000
Change: +67% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,715,000
Change: +51% · Conversion: Moderate
RETAIL STORES
$5,010,000
Change: +32% · Conversion: Easy
Blend value · Realmo final
$6.76M
Range $6.08M – $7.43M · ±10%
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
$202 / 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
$66,985
Tax year 2023
Assessed value
$4,165,800
Assessed 2023
Previous assessed
$3,524,100
+18.2% YoY
Effective rate
1.61%
On assessed value
Assessed land
$467,037
Assessed improvement
$3,698,763
Land market value
$467,037
Improvement market value
$3,698,763
Total market value
$4,165,800
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
1
Rooms
5
Total area
33,392 SF
Lot
4.72 ac (205,426 SF)
Zoning code
PD
APN
P312822595000000000010
UPID
US19-0416667
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Plant City, FL
Zoning PD · permitted uses
PD · 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
MEDICAL BUILDING
Est. value
$8.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$6.3M
INDUSTRIAL (GENERAL)
Est. value
$5.7M
RETAIL STORES
Est. value
$5.0M
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1989
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
5
Lot
4.72 ac
Current owner
From public records · entity-resolved
1401 Mercantile LLC
Entity
Mailing address
610 W DE LEON ST, TAMPA, FL 33606-2720
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2019
$1,950,000
1401 Mercantile LLC
Berry,jeanne R
Warranty Deed
$1,557,393 · Iberiabank
Dec 11, 2017
—
Berry,jeanne R Trust
—
Grant Deed
related
$1,200,000 · Iberiabank
May 8, 2007
—
Berry Jeanne R Trust
Berry,james L SR
Quit Claim Deed
related
—
Oct 27, 2003
$856,600
Berry,tr
Switchgear Unlimited INC
Grant Deed
$856,581 · Amsouth Bank
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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