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    1702 Jim Johnson Rd Plant City, FL 33566-8702
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    Property profile & analytics

    1702 Jim Johnson Rd, Plant City, FL 33566-8702

    View on Map
    • Refrigerated & Cold Storage
    • 58,024 SF
    • 8.88 lot acres
    Off-Market
    Last Sale Nov 13, 2023
    $3,825,000
    Property ID
    US18-2186209
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,715,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mr. Green's Produce - Central Florida / Big Box & Wholesale Store
    • Mr. Greens Produce / Corporate Office

    Property Details for 1702 Jim Johnson Rd

    Year built
    2003
    Construction
    STEEL FRAME
    Lot size
    8.88 lot acres
    Zone code
    M-1A
    Property type
    Refrigerated & Cold Storage
    APN
    P34282270U000000000020
    APU
    P34282270U000000000020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 13, 2023 $3,825,000 1702 Jj Road Holdings LLC Dole Diversified North America INC Special Warranty Deed $4.9M · American Armed Forces Mutual Aid As
    Oct 27, 2009 $2,900,000 Hce Corp New Sthrn Food Distributors In Warranty Deed —
    Jun 5, 2009 $2,570,000 New Southern South Distributor Pfs Distribution Quit Claim Deed —
    Jul 6, 2005 $3,113,000 Pfs Distribution Co Buds Poultry & Food Svcs INC Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,570,000
      ML approach
      $3,645,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,166,000
      Market price range: $2.25M - $7.96M
      AI Estimate
      $3,127,000
      Market price range: $380k - $5.85M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,915,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Plant City
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.1029
    Latitude
    27.9981
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $81,625
    $750,417
    $4,189,583
    $4,940,000
    -
    $750,417
    $4,189,583
    $4,940,000

    Comparable in this City

    • Value Estimation by Request
      11,587 SF

      301 Charlie Griffin Rd

      COLD STORAGE
      301 Charlie Griffin Rd, Plant City, FL 33566-0501
      View Details
    • Value Estimation
      $5,220,000
      69,162 SF

      1908 Industrial Park Dr

      COLD STORAGE
      1908 Industrial Park Dr, Plant City, FL 33566-1161
      View Details
    • Value Estimation by Request
      818,473 SF

      1802 Jim Johnson Rd

      COLD STORAGE
      1802 Jim Johnson Rd, Plant City, FL 33566-8735
      View Details
    • Value Estimation
      $1,935,000
      52,199 SF

      1804 Turkey Crk Rd

      COLD STORAGE
      1804 Turkey Crk Rd, Plant City, FL 33566-0058
      View Details
    • Value Estimation
      $840,000
      28,550 SF

      902 Trapnell Rd

      COLD STORAGE
      902 Trapnell Rd, Plant City, FL 33566-4964
      View Details
    • Value Estimation
      $1,960,000
      51,220 SF

      211 Rayburn Rd

      COLD STORAGE
      211 Rayburn Rd, Plant City, FL 33566-4744
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

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      Versatile warehouse facility in a high-growth corridor with investment potential.
      3701 E Trapnell Rd, Plant City, FL 33566
      View Details
    • $2,900,000
      5.00 Acres

      Prime Land on James L. Redman

      Five acres suitable for warehouses, restaurants, or shopping center.
      2906 James L Redman Pkwy, Plant City, FL 33566
      View Details
    • $1,800,000
      17.60 Acres

      Plant City Farm with Development Potential

      18.79-acre Plant City property with home, mobile home, and outbuildings.
      5020 Sydney Rd, Plant City, FL 33566
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    • Contact for pricing
      1,364 SF

      Land with Pond and Home

      6.8 acres with pond, home, and large workshop.
      3101 Medulla Rd, Plant City, FL 33566
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Plant City Warehouse For Lease

      10,574 SF Plant City warehouse with convenient access.
      1710 Turkey Creek Rd, Plant City, FL 33566
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    • Contact for pricing
      25,000 SF

      Plant City Warehouse Space Available

      Warehouse space with 30' clear height and ample parking.
      121 County Line Rd, Plant City, FL 33566
      View Details
    • Contact for pricing
      10,000 SF

      Plant City Warehouse with Showroom

      10,000 SF warehouse with office/showroom near I-4.
      4017 S Frontage Rd, Plant City, FL 33566
      View Details
    • Contact for pricing
      136,533 SF

      Plant City Warehouse Distribution Space

      Class A industrial park with excellent access to major highways.
      611 Charlie Taylor Rd, Plant City, FL 33566
      View Details
    • Contact for pricing
      208,288 SF

      Warehouse Distribution Space in Plant City

      Warehousing and distribution space with access to major Florida highways.
      400 Charlie Taylor Rd, Plant City, FL 33566
      View Details
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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