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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2451 County Line Rd Plant City, FL 33566-4532

    • Distribution centers
    • 335,235 SF
    • 35.05 lot acres
    OFF-MARKET
    Last Sale
    Oct 17, 2022
    $29,000,000
    Value Estimations
    $27,895,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4182204
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Distribution centers

    Property Details for 2451 County Line Rd

    Year built
    2022
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    35.05 lot acres
    Property size
    335,235 SF
    Zone code
    M-1A
    Property type
    Distribution centers
    APN
    P01292239R000000000011
    APU
    P01292239R000000000011

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $28,195,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $25,381,000
      Market price range: $13.0M - $46.0M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $28,385,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Plant City
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.0578
    Latitude
    27.9875
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $428,285
    $675,116
    $23,594,184
    $24,269,300
    -
    $675,116
    $23,594,184
    $24,269,300

    Comparable in this City

    • Value Estimation
      $3,435,000
      106,809 SF

      2706 Turkey Crk Rd

      DISTRIBUTION WAREHOUSE • 106,809 SF
      2706 Turkey Crk Rd, Plant City, FL 33566-1768
      View Details
    • Value Estimation
      $28,070,000
      402,429 SF

      1605 Turkey Crk Rd

      DISTRIBUTION WAREHOUSE • 402,429 SF
      1605 Turkey Crk Rd, Plant City, FL 33566-0055
      View Details
    • Value Estimation
      $32,080,000
      781,200 SF

      1911 Wiggins Rd

      DISTRIBUTION WAREHOUSE • 781,200 SF
      1911 Wiggins Rd, Plant City, FL 33566-7219
      View Details
    • Value Estimation
      $9,485,000
      1,432,672 SF

      3205 Frontage Rd

      DISTRIBUTION WAREHOUSE • 1,432,672 SF
      3205 Frontage Rd, Plant City, FL 33566-7502
      View Details
    • Value Estimation by Request
      105,038 SF

      2400 Police Ctr Dr

      DISTRIBUTION WAREHOUSE • 105,038 SF
      2400 Police Ctr Dr, Plant City, FL 33566-7173
      View Details
    • Value Estimation
      $14,335,000
      184,586 SF

      4350 Amberjack Blvd

      DISTRIBUTION WAREHOUSE • 184,586 SF
      4350 Amberjack Blvd, Plant City, FL 33566-7623
      View Details

    Similar Nearby for Sale

    • $1,450,000
      3.35 Acres

      Tampa Industrial Land: 3.35 Acres

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    • $1,500,000
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      Plant City Commercial Land Investment

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    • $510,000

      9.39 Acres Pasture Land Auction

      9.39 acres of pasture land ideal for agricultural uses.
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    • $1,499,999
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      Commercial Property in Growing Area

      Commercial property in Plant City with building and transferable permits.
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      Land Available in Plant City

      Land for sale in Plant City, Florida.
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    • $1,800,000
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      Plant City Farm with Development Potential

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    Similar Nearby for Lease

    • Contact for pricing
      535,539 SF

      County Line Crossing Warehouse

      Plant City, FL industrial space for lease.
      3017 County Line Rd, Plant City, FL 33566
      View Details
    • Contact for pricing
      119,567 SF

      County Line Logistics Center

      119,567 SF Industrial Space Available
      3602 Fancy Farms Rd, Plant City, FL 33566
      View Details
    • Contact for pricing
      727,610 SF

      Plant City Industrial Park For Lease

      727,610 SF Industrial Space Available
      611 Charlie Taylor Rd, Plant City, FL 33566
      View Details
    • Contact for pricing
      330,176 SF

      Plant City Distribution Center

      330,176 SF distribution center with excellent transportation access.
      3775 Fancy Farms Rd, Plant City, FL 33566
      View Details
    • Contact for pricing
      535,507 SF

      Spacious Distribution Center Near I-4

      Large industrial property with logistical advantages in a prime location.
      3017 South County Line Rd, Plant City, FL 33566
      View Details
    • Contact for pricing
      136,533 SF

      Plant City Distribution and Warehousing

      Class A industrial park with highway frontage and easy access.
      611 Charlie Taylor Rd, Plant City, FL 33566
      View Details
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    Plant City, FL 33566-4532
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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