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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Office buildings
1701 James L Redman Pkwy, Plant City, FL 33563-6911
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-4536856
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,433 SF
Lot
0.39 ac (16,800 SF)
Zoning code
C-1B
APN
P322822ZZZ000006064100
UPID
US18-4536856
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
-
Black's Insurance Insurance Agency
-
Campus Agents Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$870k
CAP Approach
CAP
$380k
Comparable Approach
Comparable
$647k
Blend (final)
Blend
$630k
Owner & transaction history
Cjs Black Enterprises LLC · 5 yrs held
Cjs Black Enterprises LLC
since 2020
Last sale
$610,000
7 recorded transactions
Zoning & alternative use
C-1B · Plant City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$850,000
+77.9%
Neighborhood: shopping center
$835,000
+75.2%
Auto repair, garage
$650,000
+35.5%
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
$870,000
CAP Approach
CAP Return
Estimation
6%
$410,000
6.5%
$380,000
7%
$355,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$480,000
Current use
MEDICAL BUILDING
$850,000
Change: +78% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$835,000
Change: +75% · Conversion: Difficult
AUTO REPAIR, GARAGE
$650,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$515,000
Change: +8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$390,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $610k (Dec 10 2020)
Last sale anchor
$610k
Dec 10 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
$184 / 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
$11,247
Tax year 2023
Assessed value
$637,300
Assessed 2023
Previous assessed
$619,300
+2.9% YoY
Effective rate
1.76%
On assessed value
Assessed land
$222,600
Assessed improvement
$414,700
Land market value
$222,600
Improvement market value
$414,700
Total market value
$637,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
6
Bathrooms
1
Total area
3,433 SF
Lot
0.39 ac (16,800 SF)
Zoning code
C-1B
APN
P322822ZZZ000006064100
UPID
US18-4536856
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
C-1B · Plant City, FL
Zoning C-1B · permitted uses
C-1B · 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
OFFICE BUILDING Current
Est. value
$480,000
MEDICAL BUILDING
Est. value
$850,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$650,000
RETAIL STORES
Est. value
$515,000
COMMERCIAL (GENERAL)
Est. value
$390,000
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
6
Bathrooms
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Cjs Black Enterprises LLC
Entity
Mailing address
1701 JAMES L REDMAN PKWY, PLANT CITY, FL 33563-6911
Mailing matches property
Yes
Owner-occupied
Yes
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 12, 2024
—
Cjs Black Enterprises LLC
—
Deed
related
$75,000 · The Bank Of Tampa
Dec 10, 2020
$610,000
Cjs Black Enterprises LLC
Ronald E Johns
Warranty Deed
$488,000 · The Bank Of Tampa
Oct 3, 2017
—
Ronald E Johns
—
Deed
related
$312,449 · Hillsboro Bk
May 27, 2016
$260,000
Ronald E Johns
Regions Bank
Special Warranty Deed
$221,000 · Hillsboro Bank
Feb 27, 2014
$170,100
Regions Bk
Law Offices Of Joseph M W Coc
Trustees Deed
related
—
Jul 17, 2000
$155,000
Joseph M Williams
Sawyer,tom Y & Betty N
Grant Deed
$139,010 · Seller
—
—
Joseph M Williams
—
Deed Of Trust
related
$500,000 · Amsouth Bank
—
—
Ronald E Johns
—
Loan Modification
related
$312,449 · Hillsboro Bk
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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