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Property profile & analytics
OFF-MARKET
Estimated value
$25,310,000
Distribution centers
3775 Fancy Farms Rd Plant City, FL 33566-4109
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2855181
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
515,450 SF
Lot
38.34 ac (1,670,091 SF)
Zoning code
M-1A
APN
P012922ZZZ000004821300
UPID
US18-2855181
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
-
Axis Redistribution Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$28.34M
Blend (final)
Blend
$25.31M
Owner & transaction history
Lex Lakeland 2451 LLC · 5 yrs held
Lex Lakeland 2451 LLC
since 2021
4 recorded transactions
Zoning & alternative use
M-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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$25.31M
Range $22.78M – $27.84M · ±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
$49 / 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
$789,954
Tax year 2023
Assessed value
$44,763,700
Assessed 2023
Previous assessed
$42,780,000
+4.6% YoY
Effective rate
1.76%
On assessed value
Assessed land
$2,640,315
Assessed improvement
$42,123,385
Land market value
$2,640,315
Improvement market value
$42,123,385
Total market value
$44,763,700
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
Rooms
2
Total area
515,450 SF
Lot
38.34 ac (1,670,091 SF)
Zoning code
M-1A
APN
P012922ZZZ000004821300
UPID
US18-2855181
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
M-1A · Plant City, FL
Zoning M-1A · permitted uses
M-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.
Building & site characteristics
From public records
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
2
Lot
38.34 ac
Current owner
From public records · entity-resolved
Lex Lakeland 2451 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1 PENN PLZ STE #4015, NEW YORK, NY 10119-4015
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Jun 17, 2021
$48,496,000
Lex Lakeland 2451 LLC
Crp Rw Lakeland Industrial Owner Ll
Quit Claim Deed
related
—
Jun 17, 2021
—
Lex Lakeland 2451 LLC
Crp Rw Lakeland Industrial Owner Ll
Special Warranty Deed
—
Oct 17, 2019
$4,590,700
Crp Of Rw Lakeland Indl Owner Ll
Atem Ptshp II LLC
Grant Deed
—
Mar 27, 2019
$700,000
Atem Ptshp II LLC
Atem Ptshp Ltd
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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