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    3007 Central Dr Plant City, FL 33566-1158
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    Property profile & analytics

    3007 Central Dr, Plant City, FL 33566-1158

    View on Map
    • Distribution centers
    • 68,410 SF
    • 4.19 lot acres
    Off-Market
    Last Sale Jan 17, 2024
    Property ID
    US18-2624020
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,250,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mid Atlantic Vinyl / Factory / Production Facility

    Property Details for 3007 Central Dr

    Year built
    1982
    Construction
    STEEL FRAME
    Lot size
    4.19 lot acres
    Zone code
    M-AP
    Property type
    Distribution centers
    APN
    P362821ZZZ000005982900
    APU
    P362821ZZZ000005982900

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 24, 2024 — Florida Industrial 2023 LLC Barrette Outdoor Living INC Re-recorded Document · related —
    Nov 30, 2023 $4,850,000 Florida Industrial 2023 LLC Barrette Outdoor Living INC Warranty Deed —
    Nov 21, 2011 $950,000 Suncoast Vinyl Products LLC Telesis Cmnty Cu Warranty Deed $515k · Mercantile Capital
    Oct 22, 2010 $2,000 Telesis Cmnty Cu PC Properties LLC Coc Trustees Deed · related —
    Oct 19, 2010 — Telesis Cmnty Cu PC Properties LLC Coc Trustees Deed · related —
    Apr 23, 2007 $1,700,000 PC Properties LLC Atco Rubber Products INC Warranty Deed $1.7M · Atco Rubber Products INC
    Apr 11, 2007 — Atco Rubber Products INC City Of Plant City Florida Quit Claim Deed · related —
    — — Suncoast Vinyl Products LLC — Deed Of Trust · related $869k · Pnc Bk
    — — Suncoast Vinyl Products LLC — Deed Of Trust · related $1M · Pnc Bk
    — — PC Properties LLC — Deed Of Trust · related $2.1M · Telesis Community Cu
    — — Suncoast Vinyl Products LLC — Deed Of Trust · related $372k · Mercantile Capital
    — — Suncoast Vinyl Products LLC — Deed Of Trust · related $1.9M · Branch Bk&tr

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,530,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,657,000
      Market price range: $2.66M - $9.38M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Plant City
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.1589
    Latitude
    27.9983
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $30,970
    $420,664
    $1,503,036
    $1,923,700
    -
    $420,664
    $1,503,036
    $1,923,700

    Comparable in this City

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      $3,435,000
      106,809 SF

      2706 Turkey Crk Rd

      DISTRIBUTION WAREHOUSE
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    • Value Estimation
      $28,070,000
      402,429 SF

      1605 Turkey Crk Rd

      DISTRIBUTION WAREHOUSE
      1605 Turkey Crk Rd, Plant City, FL 33566-0055
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    • Value Estimation
      $32,080,000
      781,200 SF

      1911 Wiggins Rd

      DISTRIBUTION WAREHOUSE
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      View Details
    • Value Estimation
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      1,432,672 SF

      3205 Frontage Rd

      DISTRIBUTION WAREHOUSE
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    • Value Estimation by Request
      105,038 SF

      2400 Police Ctr Dr

      DISTRIBUTION WAREHOUSE
      2400 Police Ctr Dr, Plant City, FL 33566-7173
      View Details
    • Value Estimation
      $14,335,000
      184,586 SF

      4350 Amberjack Blvd

      DISTRIBUTION WAREHOUSE
      4350 Amberjack Blvd, Plant City, FL 33566-7623
      View Details

    Similar Nearby for Sale

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      5.00 Acres

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      1,364 SF

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    Similar Nearby for Lease

    • Contact for pricing
      208,288 SF

      Warehouse Distribution Space in Plant City

      Warehousing and distribution space with access to major Florida highways.
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      535,507 SF

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      Large 535,507 SF distribution center with logistical advantages.
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      Southern Oaks Business Park Warehouse

      Warehouse and distribution space with access to major Florida highways.
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      25,000 SF

      Plant City Warehouse Space Available

      Warehouse space with 30' clear height and ample parking.
      121 County Line Rd, Plant City, FL 33566
      View Details
    • Contact for pricing
      100,000 SF

      Plant City Warehouse Space Available

      100,000 SF warehouse space for rent in Plant City.
      141 S County Line Rd, Plant City, FL 33566
      View Details
    • Contact for pricing
      100,000 SF

      Plant City Warehouse Space Available

      100,000 sq ft warehouse with 30' clear height.
      201 S County Line Rd, Plant City, FL 33566
      View Details
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    Plant City, FL 33566-1158
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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