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Property profile & analytics
OFF-MARKET
Estimated value
$8,515,000
Automotive properties
2002 Frontage Rd Plant City, FL 33563-2700
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US18-3895909
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
53,079 SF
Lot
44.63 ac (1,944,221 SF)
Zoning code
C-1A
APN
P222822ZZZ000006033400
UPID
US18-3895909
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
-
Stingray Chevrolet Auto Repair Shop
-
Stingray Chevrolet Fleet and Commercial Department Car Dealership Auto Repair Shop
-
Stingray Chevrolet Parts Department Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.43M
Blend (final)
Blend
$8.52M
Owner & transaction history
Stingray Chevrolet LLC · 17 yrs held
Stingray Chevrolet LLC
since 2008
7 recorded transactions
Zoning & alternative use
C-1A · Plant City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-1A zone is to provide neighborhood business district, all uses shall be done within a completely enclosed building, business and professional offices including banks, real estate, insurance, accounting, law, architecture, planning, engineering, advertising, medical, dental, veterinary office or clinic, photographic or art studio or funeral h…
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
692.87 ac
Source
Realmo
Top alternative use upside
Medical building
$13.1M
+31.3%
Neighborhood: shopping center
$13.0M
+29.3%
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
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$10,015,000
Current use
MEDICAL BUILDING
$13,145,000
Change: +31% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,950,000
Change: +29% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$9,085,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$8.52M
Range $7.66M – $9.37M · ±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
$160 / 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
$297,938
Tax year 2023
Assessed value
$16,883,004
Assessed 2023
Previous assessed
$17,558,239
-3.8% YoY
Effective rate
1.76%
On assessed value
Assessed land
$4,318,384
Assessed improvement
$12,564,620
Land market value
$4,318,384
Improvement market value
$12,564,620
Total market value
$16,883,004
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Units
1
Total area
53,079 SF
Lot
44.63 ac (1,944,221 SF)
Zoning code
C-1A
APN
P222822ZZZ000006033400
UPID
US18-3895909
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
C-1A · Plant City, FLZoning C-1A · permitted uses
C-1A · 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 C-1A zone is to provide neighborhood business district, all uses shall be done within a completely enclosed building, business and professional offices including banks, real estate, insurance, accounting, law, architecture, planning, engineering, advertising, medical, dental, veterinary office or clinic, photographic or art studio or funeral homes
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
692.87 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$10.0M
MEDICAL BUILDING
Est. value
$13.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.0M
INDUSTRIAL (GENERAL)
Est. value
$9.1M
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
44.63 ac
Current owner
From public records · entity-resolved
Stingray Chevrolet LLC
Entity
Mailing address
2002 N FRONTAGE RD, PLANT CITY, FL 33563-2700
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2023
—
Stingray Chevrolet LLC
—
Deed
related
$3,000,000 · Ally Bank
Jul 14, 2020
—
Stingray Chevrolet LLC
—
Deed
related
$6,500,000 · Stingray Chevrolet Bartow LLC
Sep 9, 2019
—
Stingray Chevrolet LLC
—
Loan Modification
related
$18,000,000 · Ally Bk
Apr 23, 2019
—
Stingray Chevrolet LLC
—
Loan Modification
related
$9,945,974 · Ally Bk
Jan 28, 2019
—
Stingray Chevrolet LLC
—
Loan Modification
related
$10,146,723 · Ally Bk
Sep 11, 2012
—
Stingray Chevrolet LLC
—
Deed Of Trust
related
$6,500,000 · Ally Bk
Dec 23, 2008
$15,000,000
Stingray Chevrolet LLC
Eagle Land Company-florida LLC
Grant Deed
$16,600,000 · Gmac Bank
Oct 5, 2000
$1,225,000
Bill Heard Chevrolet INC
Smh Investors 1 Ltd
Grant Deed
—
—
—
Stingray Chevrolet Bartow LLC
—
Loan Modification
related
$7,437,000 · Ally Bk
—
—
Stingray Chevrolet Bartow LLC
—
Loan Modification
related
$5,927,285 · Ally Bk
—
—
Stingray Chevrolet LLC
—
Loan Modification
related
$6,500,000 · Stingray Chevrolet Bartow LLC
—
—
Eagle Land Company-florida LLC
—
Deed Of Trust
related
$16,979,530 · Astar Finance Falcon II LLC
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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