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Property profile

2402 James L Redman Pkwy Plant City, FL 33566

OFF-MARKET
Super regional malls
Property ID
US18-2857299
View Sample
81,270 SF 8.39 ac lot Built 1984
Entity Owned 6-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

Walden Wood Village, located at 2402-2502 James L Redman Pkwy in Plant City, Florida (zip code 33566), presents a compelling investment opportunity in the thriving Hillsborough County market. This established retail shopping center encompasses a total of 74,240 square feet, currently featuring multiple tenants. A prime retail space of 2,850 square feet is immediately available, offering significant potential for expansion or new business ventures. The property's strategic location provides excellent visibility and accessibility, ensuring high foot traffic and customer engagement. With only 961 square feet currently vacant, this property demonstrates strong occupancy rates and a proven track record of success. The property is classified as a retail shopping center and is situated in a dynamic area of Plant City, Florida, offering investors a chance to capitalize on a stable and growing market. The property's size and location make it ideal for a variety of retail uses, providing flexibility for potential tenants. This is a rare opportunity to acquire a well-established retail property in a desirable location with immediate income potential and a strong tenant base. The property's address is easily accessible from major roadways, ensuring convenient access for both customers and employees. This is an exceptional opportunity for investors seeking a stable and profitable retail investment in a high-growth area.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1984
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 81,270 SF
Lot 8.39 ac (365,417 SF)
Zoning code PD
APN P042922ZZZ000006069100
UPID US18-2857299

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Mobile Phone Store Electronics & Wireless Store
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • Auto Repair Shop
  • Medical Clinic

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$9.45M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$9.20M

Owner & transaction history

since 2020
Last sale
$7.8M
6 recorded transactions
2020
$7.8M
2014
$4.6M
2014
$35,000
2011
Price N/A
2011
$715,500
1999
$3.8M

Zoning & alternative use

PD · Plant City, FL
Zoning description

The purpose of PD zone will be applied only upon specific petition by property owners proposing a unique type of planned development

General category PLANNED_DEVELOPMENT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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