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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Medical Office Space
2002 Alexander St Plant City, FL 33563-8410
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US18-2866676
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,343 SF
Lot
0.67 ac (29,188 SF)
Zoning code
PD
APN
P052922ZZZ000006072400
UPID
US18-2866676
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
-
Gaffney Eye Clinic Ophthalmologist (Bike/Boat/Book/etc) Store
-
Barry M. Gaffney, OD Physician
-
Florida Eye Specialists & Cataract Institute - Plant City Medical Clinic Ophthalmologist
-
Jeremy H. Gaffney, OD Physician
-
Norberto Mancera, MD - Plant City Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$760k
Comparable Approach
Comparable
$702k
Blend (final)
Blend
$600k
Owner & transaction history
Dr Barry LLC · 21 yrs held
Dr Barry LLC
since 2005
4 recorded transactions
Zoning & alternative use
PD · Plant City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of PD zone will be applied only upon specific petition by property owners proposing a unique type of planned development
Zone name
Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
10,817.01 ac
Source
Realmo
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%
$820,000
6.5%
$760,000
7%
$705,000
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$112 / 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
$18,044
Tax year 2023
Assessed value
$1,079,000
Assessed 2023
Previous assessed
$1,011,500
+6.7% YoY
Effective rate
1.67%
On assessed value
Assessed land
$204,316
Assessed improvement
$874,684
Land market value
$204,316
Improvement market value
$874,684
Total market value
$1,079,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
5,343 SF
Lot
0.67 ac (29,188 SF)
Zoning code
PD
APN
P052922ZZZ000006072400
UPID
US18-2866676
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Plant City, FLZoning 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
Zoning description
The purpose of PD zone will be applied only upon specific petition by property owners proposing a unique type of planned development
Zone name
Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
10,817.01 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Dr Barry LLC
Entity
Mailing address
2002 S ALEXANDER ST, PLANT CITY, FL 33563-8410
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2022
—
Dr Barry LLC
—
Deed
related
$499,122 · The Bank Of Tampa
May 19, 2005
$356,500
Dr Barry LLC
Jastern INC
Warranty Deed
$350,000 · Hillsboro Bank
Jun 26, 1997
$165,000
Jastern INC
Peacock,a J & Nina E
Grant Deed
—
—
—
Dr Barry LLC
—
Deed Of Trust
related
$650,000 · Hillsboro Bank
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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