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Property profile & analytics
OFF-MARKET
Estimated value
$27,895,000
Distribution centers
2451 County Line Rd Plant City, FL 33566-4532
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4182204
Property summary
AI-generated overview
This exceptional Class A industrial property, located at 2451 County Line Road in Plant City, Florida, offers 114,571 square feet of immediately available warehouse space. Part of the larger I-4 Midway Logistics complex, this single-story building boasts a total of 330,460 square feet and was constructed in 2022. The available space is the minimum divisible unit, with a maximum contiguous space of 114,571 square feet. Features include a 36-foot ceiling height, 56 dock-high doors, and four drive-in doors. Ample parking is provided with 240 spaces. The property sits on a 34.66-acre lot and fronts County Line Road. Power is supplied by a three-phase, 480V, 2,000A service. Every third dock door is equipped with 35,000 lb mechanical levelers and dock seals. LED warehouse lighting is installed throughout. The property is zoned M1-A and is situated in the I-4 Corridor submarket within the Plant City submarket cluster of Hillsborough County. This is a multi-tenant building.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
335,235 SF
Lot
35.05 ac (1,526,778 SF)
Zoning code
M-1A
APN
P01292239R000000000011
UPID
US18-4182204
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$25.38M
Blend (final)
Blend
$27.90M
Owner & transaction history
Bgo Plant City Logistics Owner LLC · 3 yrs held
Bgo Plant City Logistics Owner LLC
since 2022
Last sale
$29.0M
5 recorded transactions
Zoning & alternative use
M-1A · 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
$28,195,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$28,385,000
Current use
Blend value · Realmo final
$27.90M
Range $25.11M – $30.68M · ±10% · vs last sale $29.00M (Oct 17 2022)
Last sale anchor
$29.00M
Oct 17 2022
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
$83 / 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
$428,285
Tax year 2023
Assessed value
$24,269,300
Assessed 2023
Previous assessed
$361,826
+6,607.5% YoY
Effective rate
1.76%
On assessed value
Assessed land
$675,116
Assessed improvement
$23,594,184
Land market value
$675,116
Improvement market value
$23,594,184
Total market value
$24,269,300
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
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
335,235 SF
Lot
35.05 ac (1,526,778 SF)
Zoning code
M-1A
APN
P01292239R000000000011
UPID
US18-4182204
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
M-1A · Plant City, FL
Zoning M-1A · permitted uses
M-1A · 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
WAREHOUSE, STORAGE Current
Est. value
$28.4M
WAREHOUSE, STORAGE Current
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
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
35.05 ac
Current owner
From public records · entity-resolved
Bgo Plant City Logistics Owner LLC
Entity
Mailing address
399 PARK AVE FL #18, NEW YORK, NY 10022-4968
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Oct 17, 2022
$29,000,000
Bgo Plant City Logistics Owner LLC
Bref Countyline LLC
Special Warranty Deed
—
Nov 1, 2021
$2,160,000
Bref Countyline LLC
Bruce A Rumph
Special Warranty Deed
—
Dec 31, 1999
$180,000
Bruce A Rumph
Florida Baptist Family Ministr
Grant Deed
—
—
—
Bruce A Rumph
—
Deed Of Trust
related
$448,500 · Midflorida Cu
—
—
Bruce A Rumph
—
Deed Of Trust
related
$24,000 · Nbd Partners
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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