New search
Property profile & analytics
FOR LEASE
Super regional malls
2501 Thonotosassa Rd, Plant City, FL 33563
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US18-4260967
For Lease
1 / 3
$13,090,000
2501 Thonotosassa Rd, Plant City, FL 33563
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
84,667 SF
Lot
57.67 ac (2,512,030 SF)
Zoning code
R-1A
APN
P302822ZZZ000006042100
UPID
US18-4260967
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
-
Edward Jones - Financial Advisor: Jim Conrow, AAMS™ Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.48M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.09M
Owner & transaction history
Fraga Plant LLC · 16 yrs held
Fraga Plant LLC
since 2009
3 recorded transactions
Zoning & alternative use
R-1A · Plant City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$21.0M
+1.5%
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%
$15,685,000
6.5%
$14,480,000
7%
$13,445,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$20,655,000
Current use
MEDICAL BUILDING
$20,970,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$13.09M
Range $11.78M – $14.40M · ±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
$155 / 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
$214,890
Tax year 2023
Assessed value
$12,177,000
Assessed 2023
Previous assessed
$12,177,000
+0.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$4,193,501
Assessed improvement
$7,983,499
Land market value
$4,193,501
Improvement market value
$7,983,499
Total market value
$12,177,000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
10
Total area
84,667 SF
Lot
57.67 ac (2,512,030 SF)
Zoning code
R-1A
APN
P302822ZZZ000006042100
UPID
US18-4260967
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
R-1A · Plant City, FL
Zoning R-1A · permitted uses
R-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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$20.7M
MEDICAL BUILDING
Est. value
$21.0M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
10
Lot
57.67 ac
Current owner
From public records · entity-resolved
Fraga Plant LLC
Entity
Mailing address
2600 S DOUGLAS RD STE #610, CORAL GABLES, FL 33134-6100
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2009
$9,525,000
Fraga Plant LLC
Ddr Southeast Plant City LLC
Grant Deed
$6,667,500 · Union Credit Bank
Dec 30, 2002
$10,750,000
Inland Southeast Plant City
Gustine-ag Plant City Assn
Grant Deed
—
May 3, 2000
$980,100
Gustine A G Plant City Assoc
Title Holding Trust #9401
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
