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Property profile & analytics
OFF-MARKET
Estimated value
$2,800,000
Retail space
3012 James L Redman Pkwy Plant City, FL 33566-9468
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3751971
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1975
Construction
STEEL FRAME
Total area
9,291 SF
Lot
4.06 ac (176,873 SF)
Zoning code
C-1A
APN
P092922ZZZ000004880500
UPID
US18-3751971
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
-
Berry Patch Animal Clinic Veterinary Clinic
-
Oh My Dog! Pet Store (Bike/Boat/Book/etc) Store Pet Store & Service
-
Southside Grooming & Salon Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.10M
Blend (final)
Blend
$2.80M
Owner & transaction history
Outlaw Ridge INC · 5 yrs held
Outlaw Ridge INC
since 2020
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
C-1A · Plant City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.5M
+224.1%
Apartment house (5+ units)
$3.3M
+135.2%
Medical building
$2.3M
+65.1%
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
$3,125,000
ML approach
$3,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,520,000
Change: +224% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,280,000
Change: +135% · Conversion: Difficult
MEDICAL BUILDING
$2,300,000
Change: +65% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,265,000
Change: +63% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,755,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$2.80M
Range $2.52M – $3.08M · ±10% · vs last sale $2.80M (Nov 9 2020)
Last sale anchor
$2.80M
Nov 9 2020
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
$301 / 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
$59,739
Tax year 2023
Assessed value
$3,655,495
Assessed 2023
Previous assessed
$3,256,198
+12.3% YoY
Effective rate
1.63%
On assessed value
Assessed land
$1,479,765
Assessed improvement
$2,175,730
Land market value
$1,479,765
Improvement market value
$2,175,730
Total market value
$3,655,495
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1975
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Rooms
1
Total area
9,291 SF
Lot
4.06 ac (176,873 SF)
Zoning code
C-1A
APN
P092922ZZZ000004880500
UPID
US18-3751971
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
RESTAURANT
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1975
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
1
Lot
4.06 ac
Current owner
From public records · entity-resolved
Outlaw Ridge INC
Entity
Mailing address
3123 MOSSVALE LN, TAMPA, FL 33618-4318
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2020
$2,800,000
Outlaw Ridge INC
Double Bar S Holdins LLC
Warranty Deed
—
Mar 6, 2013
$2,425,000
Double Bar S Holdings LLC
Der,dennis J & Lori A
Warranty Deed
$2,000,000 · Florida Traditions Bank
Jul 3, 2006
—
Dennis J Der
—
Trustees Deed
related
$1,400,000 · Hillsboro Bank
May 3, 2006
—
Dennis J Der
Der,dennis J & Lori A
Quit Claim Deed
related
—
Nov 2, 2005
—
Dennis J Der
Der-dennis,joe
Quit Claim Deed
related
—
—
—
Dennis J Der
—
Deed Of Trust
related
$1,498,529 · Hillsboro Bank
—
—
Dennis J Der
—
Deed Of Trust
related
$200,000 · Hillsboro Bank
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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