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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Retail properties & Spaces
1402 Mercantile Ct, Plant City, FL 33563-1109
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US19-0645257
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1993
Construction
STEEL FRAME
Total area
6,390 SF
Lot
1.5 ac (65,394 SF)
Zoning code
PD
APN
P312822595000000000070
UPID
US19-0645257
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
-
CrossFit Plant City Gym & Fitness Center
-
International Fire Protection, Inc. General Contractor Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$745k
Blend (final)
Blend
$725k
Owner & transaction history
Ifp Realty LLC · 19 yrs held
Ifp Realty LLC
since 2006
4 recorded transactions
Zoning & alternative use
PD · Plant City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+53.4%
Industrial (general)
$1.1M
+39.2%
Retail stores
$960,000
+22.0%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$785,000
Current use
AUTO REPAIR, GARAGE
$1,205,000
Change: +53% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,095,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$960,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$113 / 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
$15,168
Tax year 2023
Assessed value
$859,500
Assessed 2023
Previous assessed
$652,300
+31.8% YoY
Effective rate
1.76%
On assessed value
Assessed land
$153,377
Assessed improvement
$706,123
Land market value
$153,377
Improvement market value
$706,123
Total market value
$859,500
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 properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1993
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Rooms
4
Total area
6,390 SF
Lot
1.5 ac (65,394 SF)
Zoning code
PD
APN
P312822595000000000070
UPID
US19-0645257
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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$785,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$960,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
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
1993
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
4
Lot
1.5 ac
Current owner
From public records · entity-resolved
Ifp Realty LLC
Entity
Mailing address
243 ROYAL DR, MADISON, AL 35758-1788
Ownership since
2006
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
Dec 20, 2006
$625,000
Ifp Realty LLC
Delagarza,joseph & Carol
Warranty Deed
$500,000 · Regions Bank
Dec 1, 2003
$330,000
Joseph D Garza
Diesel Engine Rebuilders Of Ta
Grant Deed
$247,000 · Century Bank Fsb
—
—
Ifp Realty LLC
—
Deed Of Trust
related
$200,000 · Regions Bank
—
—
Engine Rebuilders Tampa Diesel
—
Deed Of Trust
related
$23,700 · Platinum 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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