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Property profile & analytics
FOR SALE
Office buildings
2900 James L Redman Pkwy Plant City, FL 33566
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-1285338
For Sale
1 / 2
$7,500,000
2900 James L Redman Pkwy, Plant City, FL 33566
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1972
Construction
STEEL FRAME
Total area
17,494 SF
Lot
7.65 ac (333,049 SF)
Zoning code
C-1
APN
P042922ZZZ000006070300
UPID
US18-1285338
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
-
Land's Used Trucks Car Dealership
-
Lands Golf Carts Golf Cart Dealer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.11M
CAP Approach
CAP
$1.94M
Comparable Approach
Comparable
$2.28M
Blend (final)
Blend
$2.79M
Owner & transaction history
Lands Used Trucks INC · 3 yrs held
Lands Used Trucks INC
since 2023
Last sale
$3.2M
4 recorded transactions
Zoning & alternative use
C-1 · Plant City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.3M
+75.7%
Neighborhood: shopping center
$4.3M
+73.1%
Auto repair, garage
$3.3M
+33.9%
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
$2,820,000
ML approach
$3,110,000
CAP Approach
CAP Return
Estimation
6%
$2,100,000
6.5%
$1,935,000
7%
$1,800,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,465,000
Current use
MEDICAL BUILDING
$4,335,000
Change: +76% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,270,000
Change: +73% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,300,000
Change: +34% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,995,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$2,625,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$2.79M
Range $2.51M – $3.06M · ±10% · vs last sale $3.20M (Mar 27 2023)
Last sale anchor
$3.20M
Mar 27 2023
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
$159 / 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
$48,789
Tax year 2023
Assessed value
$2,764,668
Assessed 2023
Previous assessed
$3,370,557
-18.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$1,715,718
Assessed improvement
$1,048,950
Land market value
$1,715,718
Improvement market value
$1,048,950
Total market value
$2,764,668
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1972
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
4
Stories
1
Units
1
Rooms
8
Total area
17,494 SF
Lot
7.65 ac (333,049 SF)
Zoning code
C-1
APN
P042922ZZZ000006070300
UPID
US18-1285338
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
C-1 · Plant City, FL
Zoning C-1 · permitted uses
C-1 · 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
OFFICE BUILDING Current
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$3.3M
INDUSTRIAL (GENERAL)
Est. value
$3.0M
RETAIL STORES
Est. value
$2.6M
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1972
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
4
Units
1
Rooms
8
Lot
7.65 ac
Current owner
From public records · entity-resolved
Lands Used Trucks INC
Entity
Mailing address
2900 JAMES L REDMAN PKWY, PLANT CITY, FL 33566-9416
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Mar 27, 2023
$3,200,000
Lands Used Trucks INC
C C C Grove Co
Warranty Deed
$1,900,000 · Ccc Grove Co
May 13, 2013
$900,000
C C C Grove Co
Lott-mather Partners INC
Warranty Deed
—
Aug 12, 2000
$1,550,000
Lott Mather Partners INC
Conley,bertha
Grant Deed
$1,550,000 · General Motors Acceptance Corp
—
—
Lott-mather Partners INC
—
Deed Of Trust
related
$400,000 · Gmac LLC
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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