Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,595,000
Hotels
2709 Thonotosassa Rd Plant City, FL 33563-1456
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-2933447
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2021
Construction
WOOD
Total area
54,738 SF
Lot
4.52 ac (197,008 SF)
Zoning code
C-1A
APN
P1928229A9000000000030
UPID
US18-2933447
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
-
TownePlace Suites Plant City Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.40M
Comparable Approach
Comparable
$4.15M
Blend (final)
Blend
$5.60M
Owner & transaction history
Magic City Properties Lc · 11 yrs held
Magic City Properties Lc
since 2015
4 recorded transactions
Zoning & alternative use
C-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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,850,000
6.5%
$5,400,000
7%
$5,015,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,210,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$5.60M
Range $5.04M – $6.15M · ±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
$102 / 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
$137,454
Tax year 2023
Assessed value
$7,957,605
Assessed 2023
Previous assessed
$7,013,358
+13.5% YoY
Effective rate
1.73%
On assessed value
Assessed land
$94,385
Assessed improvement
$7,863,220
Land market value
$94,385
Improvement market value
$7,863,220
Total market value
$7,957,605
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2021
Construction
WOOD
Heating
YES
Cooling
YES
Stories
4
Units
95
Total area
54,738 SF
Lot
4.52 ac (197,008 SF)
Zoning code
C-1A
APN
P1928229A9000000000030
UPID
US18-2933447
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
C-1A · Plant City, FL
Zoning C-1A · permitted uses
C-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
RETAIL STORES
Est. value
$8.2M
RETAIL STORES
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
2021
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
4
Units
95
Lot
4.52 ac
Current owner
From public records · entity-resolved
Magic City Properties Lc
Entity
Mailing address
PO BOX 2955, LAKELAND, FL 33806-2955
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2015
$4,620,000
Magic City Properties Lc
Bw Henderson I4 Thonotosassa L
Grant Deed
—
Apr 17, 2014
$1,570,000
Henderson I4 Thonotosassa L Bw
Thonotosassa Crossings LLC
Grant Deed
related
—
—
—
Thonotosassa Crossings LLC
—
Deed Of Trust
related
$400,000 · Bank Of Ctrl Fl
—
—
Thonotosassa Crossings LLC
—
Deed Of Trust
related
$48,000 · Branch Banking & Trust Co
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?”
You own 2709 Thonotosassa Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
