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Property profile & analytics
FOR SALE
Medical Office Space

2513 James L Redman Pkwy Plant City, FL 33566-7115

3,876 SF 0.54 ac lot Built 2018
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-8412660
No photos on file
For Sale
Contact for pricing 3,876 SF
2513 James L Redman Pkwy, Plant City, FL 33566-7115
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Property summary
AI-generated overview

This exceptional investment opportunity presents a 3,750 square foot, single-tenant storefront occupied by Aspen Dental, a nationally recognized healthcare retailer, located at 2513 James L Redman Pkwy, Plant City, FL 33566. The property boasts a strong 5.75% cap rate and a substantial net operating income (NOI) of $152,625. The current lease, with a remaining term of approximately 3.9 years, extends to October 31, 2028, and includes three 5-year options with 10% rent escalations in each. Aspen Dental's corporate guarantee provides significant security. Built in 2018, this well-maintained building sits on a 0.54-acre lot and benefits from excellent visibility and high traffic counts (26,328 ADT) on a major retail corridor. Nearby retailers include Walmart, Lowe's, Winn-Dixie, and Ross. The property is an outparcel to Lowe's with convenient interconnectivity. Landlord responsibilities are limited to roof and structure maintenance. The submarket has experienced robust growth, with market rents increasing by 7.8% in the past year and vacancy rates remaining below 3.3% in the MSA. This offering presents a compelling combination of strong tenant, favorable lease terms, and a prime location within a thriving retail environment. The asking price is $2,654,000, translating to a price per square foot of $707.73.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2018
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,876 SF
Lot 0.54 ac (23,734 SF)
Zoning code PD
APN P05292239Z000004000044
UPID US18-8412660
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
  • Motto Clear Aligners Dental Office
  • Aspen Dental - Plant City, FL Dental Office
  • Joshua Burns Dental Office
  • Michael Dickerson Dental Office
  • Loc Tong Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.70M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.30M
Blend (final) Blend
$1.70M
Owner & transaction history
Hutton Plant City Mt LLC · 1 yrs held
Hutton Plant City Mt LLC
since 2024
Last sale
$1.7M
3 recorded transactions
2024
Price N/A
2020
Price N/A
1969
Price N/A
Zoning & alternative use
PD · Plant City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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

Zone name Planned Development
General category PLANNED_DEVELOPMENT
Zone area 10,817.01 ac
Source Realmo
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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