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Property profile & analytics
OFF-MARKET
Estimated value
$1,465,000
Retail space
1502 Baker St, Plant City, FL 33563-5806
Entity Owned
14-yr Hold
Free & Clear
Property ID
US18-1436376
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2011
Construction
STEEL FRAME
Total area
10,857 SF
Lot
2.38 ac (103,470 SF)
Zoning code
C-2
APN
P282822ZZZ000006088800
UPID
US18-1436376
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
-
Dollar General Discount Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.64M
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.47M
Owner & transaction history
Ligon Properties LLC · 14 yrs held
Ligon Properties LLC
since 2012
7 recorded transactions
Zoning & alternative use
C-2 · Plant City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+25.8%
Industrial (general)
$1.9M
+14.1%
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%
$1,775,000
6.5%
$1,640,000
7%
$1,525,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,630,000
Current use
AUTO REPAIR, GARAGE
$2,050,000
Change: +26% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,860,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$1,510,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.47M
Range $1.32M – $1.61M · ±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
$135 / 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
$29,762
Tax year 2023
Assessed value
$1,686,500
Assessed 2023
Previous assessed
$1,686,500
+0.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$599,464
Assessed improvement
$1,087,036
Land market value
$599,464
Improvement market value
$1,087,036
Total market value
$1,686,500
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2011
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
3
Total area
10,857 SF
Lot
2.38 ac (103,470 SF)
Zoning code
C-2
APN
P282822ZZZ000006088800
UPID
US18-1436376
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
C-2 · Plant City, FL
Zoning C-2 · permitted uses
C-2 · 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
$1.6M
AUTO REPAIR, GARAGE
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES Current
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
2011
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
3
Lot
2.38 ac
Current owner
From public records · entity-resolved
Ligon Properties LLC
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 7097, RENO, NV 89510-7097
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
Jan 17, 2012
$1,725,000
Ligon Properties LLC
Palmetto Plant City I LLC
Warranty Deed
—
Jul 7, 2011
—
Palmetto Plant City I LLC
Hillsboro Bank
Quit Claim Deed
related
—
Jul 7, 2011
$330,000
Palmetto Plant City I LLC
Hillsboro Bk
Grant Deed
—
Oct 15, 2010
$55,000
Hillsboro Bk
Punch Properties Mgmt Coc
Trustees Deed
related
—
Dec 5, 1998
$160,000
Punch Properties INC
Consolidated Construction Tech
Grant Deed
$128,000 · Hillsboro Bank
—
—
Punch Properties INC
—
Deed Of Trust
related
$50,000 · Mark A & Donna F Gersting
—
—
Punch Properties INC
—
Deed Of Trust
related
$385,000 · Hillsboro Bank
—
—
Punch Properties INC
—
Deed Of Trust
related
$100,000 · Mark A & Donna F Gersting
—
—
Punch Properties INC
—
Deed Of Trust
related
$100,000 · Mark A & Donna F Gersting
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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