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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
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
$895k
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
Zoning description
The purpose of C1B zone is to provide business offices, including banks, real estate, insurance and other similar offices, including professional, photographic or art studios or funeral homes
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
49.83 ac
Source
Realmo
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
$895k
Range $806k – $985k · ±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
$261 / 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, FLZoning 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
Zoning description
The purpose of C1B zone is to provide business offices, including banks, real estate, insurance and other similar offices, including professional, photographic or art studios or funeral homes
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
49.83 ac
Source
Realmo
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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