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Property profile & analytics
OFF-MARKET
Estimated value
$41,805,000
Distribution centers
2727 Henderson Way Plant City, FL 33563-7903
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-5670535
Property summary
AI-generated overview
This exceptional industrial property, located at 2727 Henderson Way, Plant City, FL 33563, offers a substantial 505,160 square feet of warehouse and distribution space. Built in 2020, this single-story building features a 36-foot ceiling height, providing ample vertical storage capacity. The property is currently fully vacant and available for immediate occupancy. The building is divided into two suites, with a minimum divisible space of 252,580 square feet, offering flexibility for various business needs. Loading capabilities are extensive, including 128 dock-high doors and 4 drive-in doors, ensuring efficient and seamless operations. The property boasts robust electrical service with 2,400 amps of 480/277V, 3-phase power. This prime location in Plant City, Florida offers excellent access to major transportation routes, making it an ideal choice for businesses seeking a strategic distribution hub. The property's size and features make it suitable for a wide range of industrial and logistics operations. With its modern construction and impressive specifications, this warehouse presents a rare opportunity for significant expansion or relocation. Contact us today to learn more about this exceptional property.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
512,894 SF
Lot
50.61 ac (2,204,572 SF)
Zoning code
PD
APN
P272822ZZZ000006034805
UPID
US18-5670535
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
-
Lakeside Losgitics Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$34.74M
Blend (final)
Blend
$41.81M
Owner & transaction history
Spus 9 Plant City LP · 5 yrs held
Spus 9 Plant City LP
since 2021
Last sale
$43.8M
4 recorded transactions
Zoning & alternative use
PD · 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
$44,880,000
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
$37,450,000
Current use
Blend value · Realmo final
$41.81M
Range $37.62M – $45.99M · ±10% · vs last sale $43.80M (Jun 30 2021)
Last sale anchor
$43.80M
Jun 30 2021
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
$82 / 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
$712,073
Tax year 2023
Assessed value
$40,350,500
Assessed 2023
Previous assessed
$37,257,800
+8.3% YoY
Effective rate
1.76%
On assessed value
Assessed land
$2,084,048
Assessed improvement
$38,266,452
Land market value
$2,084,048
Improvement market value
$38,266,452
Total market value
$40,350,500
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
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
512,894 SF
Lot
50.61 ac (2,204,572 SF)
Zoning code
PD
APN
P272822ZZZ000006034805
UPID
US18-5670535
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Plant City, FL
Zoning PD · permitted uses
PD · 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
$37.5M
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
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
50.61 ac
Current owner
From public records · entity-resolved
Spus 9 Plant City LP
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 638, ADDISON, TX 75001-0638
Ownership since
2021
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
Jul 15, 2022
—
Spus9 Plant City LP
—
Deed
related
$30,772,793 · Morgan Hills Capital LLC
Jun 30, 2021
$43,800,000
Spus 9 Plant City LP
Foundry Lakeside Station I LLC
Special Warranty Deed
—
Nov 7, 2020
$150,000
Foundry Lakeside Station I LLC
Lakeside Station LLC
Grant Deed
related
—
Nov 7, 2020
$75,000
Lakeside Station LLC
Foundry Lakeside Station I LLC
Grant Deed
related
—
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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