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Property profile & analytics
OFF-MARKET
Estimated value
$7,130,000
Super regional malls
1808 James L Redman Pkwy, Plant City, FL 33563-6914
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-4442966
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
44,859 SF
Lot
21.13 ac (920,415 SF)
Zoning code
PD
APN
P042922ZZZ000006069800
UPID
US18-4442966
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
-
Brass Rhino Refinishing Hardware & Home Improvement Interior Design
-
Mark Gray Financial Financial Advisor
-
Protective Security Service LLC Security Service
-
Rangemaster Firearms Training Services, LLC Training Center Vocational School
-
Gorilla Soft Wash LLC Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.67M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.13M
Owner & transaction history
Strawberry Plaza LLC · 12 yrs held
Strawberry Plaza LLC
since 2013
5 recorded transactions
Zoning & alternative use
PD · Plant City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$11.1M
+1.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$8,310,000
6.5%
$7,670,000
7%
$7,125,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$10,945,000
Current use
MEDICAL BUILDING
$11,110,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$7.13M
Range $6.42M – $7.84M · ±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
$159 / 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
$119,489
Tax year 2023
Assessed value
$6,771,000
Assessed 2023
Previous assessed
$6,331,300
+6.9% YoY
Effective rate
1.76%
On assessed value
Assessed land
$6,670,615
Assessed improvement
$100,385
Land market value
$6,670,615
Improvement market value
$100,385
Total market value
$6,771,000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
36
Rooms
42
Total area
44,859 SF
Lot
21.13 ac (920,415 SF)
Zoning code
PD
APN
P042922ZZZ000006069800
UPID
US18-4442966
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$10.9M
MEDICAL BUILDING
Est. value
$11.1M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL 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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
36
Rooms
42
Lot
21.13 ac
Current owner
From public records · entity-resolved
Strawberry Plaza LLC
Entity
Mailing address
7171 SW 62ND AVE STE #503, SOUTH MIAMI, FL 33143-4723
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2016
—
Strawberry Plaza LLC
—
Deed
related
$4,200,000 · Centerstate Bk/fl
Dec 16, 2013
$5,500,000
Strawberry Plaza LLC
Kendall Pavilion LLC
Warranty Deed
$4,413,000 · Northern Trust Company
Mar 28, 2006
$10,100,000
Kendall Pavilion LLC
Blanding Oaks INC
Grant Deed
$7,070,000 · Northern Trust Bank
Dec 26, 2002
$5,680,000
Blanding Oaks INC
Metropolitan Life Insurance
Grant Deed
$4,000,000 · Southtrust Bank NA
—
—
Strawberry Plaza LLC
—
Deed Of Trust
related
$4,200,000 · Centerstate Bk/fl
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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