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Property profile & analytics
OFF-MARKET
Estimated value
$32,080,000
Distribution centers
1911 Wiggins Rd Plant City, FL 33566-7219
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-0209285
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
781,200 SF
Lot
63.32 ac (2,758,219 SF)
Zoning code
PD
APN
P362822ZZZ000004816600
UPID
US18-0209285
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
-
Tampa MDC #5855 Warehouse & Storage
-
The Home Depot Distribution Center Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$35.90M
Blend (final)
Blend
$32.08M
Owner & transaction history
Bsd-wiggins Rd LLC · 7 yrs held
Bsd-wiggins Rd LLC
since 2019
7 recorded transactions
Zoning & alternative use
PD · Plant City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$32.08M
Range $28.87M – $35.29M · ±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
$41 / 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
$843,403
Tax year 2023
Assessed value
$56,717,765
Assessed 2023
Previous assessed
$52,993,700
+7.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$4,082,164
Assessed improvement
$52,635,601
Land market value
$4,082,164
Improvement market value
$52,635,601
Total market value
$56,717,765
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
781,200 SF
Lot
63.32 ac (2,758,219 SF)
Zoning code
PD
APN
P362822ZZZ000004816600
UPID
US18-0209285
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.
Building & site characteristics
From public records
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
63.32 ac
Current owner
From public records · entity-resolved
Bsd-wiggins Rd LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2830 DRANE FLD RD, LAKELAND, FL 33811-1328
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Aug 7, 2020
—
Wish Land Wiggins Road LLC
—
Deed
related
$41,000,000 · Farm Credit Svcs
Jul 18, 2019
—
Bsd-wiggins Rd LLC
—
Grant Deed
related
$66,359,338 · Wells Fargo Tr Co Se 2019 (ce)
Jun 17, 2019
$4,811,040
Bsd-wiggins Rd LLC
Wish Land Wiggins Road LLC
Grant Deed
—
Jan 4, 2019
—
Wish Land Wiggind Road LLC
—
Grant Deed
related
$50,000,000 · Farm Credit Svcs
Oct 4, 2018
—
Wish Lands Wiggins Road LLC
—
Grant Deed
related
$6,000,000 · Farm Credit Of Centarl Florida
Oct 3, 2018
$100
Wish Land Wiggins Road LLC
G & D Farms INC
Trustees Deed
related
$50,000,000 · Farm Credit Svcs
Sep 30, 2014
—
G & D Farms INC
—
Grant Deed
related
$13,104,421 · Farm Credit Svcs
Sep 20, 2010
—
G & D Farms INC
—
Deed Of Trust
related
$40,000,000 · Farm Credit Service
—
—
Wish Land Wiggins Road LLC
—
Deed Of Trust
related
$41,000,000 · Farm Credit Svcs
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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