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Property profile & analytics
OFF-MARKET
Estimated value
$2,645,000
Manufacturing properties
405 Alabama St Plant City, FL 33563-5507
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-5687777
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1940
Construction
WOOD
Total area
26,224 SF
Lot
5.45 ac (237,531 SF)
Zoning code
M-1
APN
P332822ZZZ000006109300
UPID
US18-5687777
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
-
Brand Recycling Inc Metal Fabrication Plant Recycling Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.65M
Owner & transaction history
R & L Metals INC · 8 yrs held
R & L Metals INC
since 2018
6 recorded transactions
Zoning & alternative use
M-1 · 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
Alternative Use
Use
Estimation
RETAIL STORES
$3,935,000
Change: -12% · Conversion: Moderate
OFFICE BUILDING
$3,650,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.65M
Range $2.38M – $2.91M · ±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
$101 / 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
$25,437
Tax year 2023
Assessed value
$1,635,700
Assessed 2023
Previous assessed
$1,392,700
+17.4% YoY
Effective rate
1.56%
On assessed value
Assessed land
$1,384,924
Assessed improvement
$250,776
Land market value
$1,384,924
Improvement market value
$250,776
Total market value
$1,635,700
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1940
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
1
Rooms
4
Bathrooms
4
Total area
26,224 SF
Lot
5.45 ac (237,531 SF)
Zoning code
M-1
APN
P332822ZZZ000006109300
UPID
US18-5687777
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
M-1 · Plant City, FL
Zoning M-1 · permitted uses
M-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
RETAIL STORES
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.7M
RETAIL STORES
OFFICE BUILDING
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
1940
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
4
Bathrooms
4
Lot
5.45 ac
Current owner
From public records · entity-resolved
R & L Metals INC
Entity
Mailing address
405 E ALABAMA ST, PLANT CITY, FL 33563-5507
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2025
—
R&l Metals INC
—
Deed
related
$1,208,500 · Bankflorida
Feb 28, 2022
—
R & L Metals INC
—
Deed
related
$2,600,000 · Bankflorida
Apr 2, 2018
$1,075,000
R & L Metals INC
Plant City Real Estate Inv LLC
Grant Deed
$800,000 · Plant City Real Estate Inv LLC
Feb 5, 2010
—
Plant City Real Estate Inv LLC
Tierra Invs LLC
Grant Deed
—
Feb 5, 2010
$524,000
Tierra Invs LLC
Jack Hicks Steel Fabri Coc
Trustees Deed
—
—
—
Jack Hicks Steel Fabrication
—
Deed Of Trust
related
$565,000 · Tierra Investments 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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