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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Office buildings
408 Renfro St Plant City, FL 33563-5297
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-5614315
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,304 SF
Lot
0.99 ac (43,050 SF)
Zoning code
MD
APN
P2928225DB000031000010
UPID
US18-5614315
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
-
Lakeland Manicure Studio L.L.C. Nail Salon
-
Nguyen Tran MD Pediatrician Physician
-
Fit Life Wellness Center Specialty Food Shop
-
Nissi Geotechnical Engineering, LLC Engineering Consultant Geotechnical Engineer
-
Hallback Bail Bonds Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
$903k
Blend (final)
Blend
$1.05M
Owner & transaction history
Sth Of The Month Properties Develop · 5 yrs held
Sth Of The Month Properties Develop
since 2021
Last sale
$950,000
4 recorded transactions
Zoning & alternative use
MD · Plant City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of MD zone is to provide as a single unit, but it is not treated homogenously throughout instead, each street within the district is classified as one of three street types
Zone name
Midtown District
General category
UNKNOWN
Zone area
48.12 ac
Source
Realmo
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
$1,045,000
ML approach
$1,065,000
CAP Approach
CAP Return
Estimation
6%
$1,355,000
6.5%
$1,250,000
7%
$1,160,000
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±10% · vs last sale $950k (Aug 4 2021)
Last sale anchor
$950k
Aug 4 2021
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
$92 / 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
$15,566
Tax year 2023
Assessed value
$889,500
Assessed 2023
Previous assessed
$889,500
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$279,825
Assessed improvement
$609,675
Land market value
$279,825
Improvement market value
$609,675
Total market value
$889,500
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
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
11
Rooms
11
Total area
11,304 SF
Lot
0.99 ac (43,050 SF)
Zoning code
MD
APN
P2928225DB000031000010
UPID
US18-5614315
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
MD · Plant City, FLZoning MD · permitted uses
MD · Plant City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of MD zone is to provide as a single unit, but it is not treated homogenously throughout instead, each street within the district is classified as one of three street types
Zone name
Midtown District
General category
UNKNOWN
Zone area
48.12 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
11
Rooms
11
Lot
0.99 ac
Current owner
From public records · entity-resolved
Sth Of The Month Properties Develop
Entity
Free & Clear · 5 yrs held
Mailing address
13860 E US HWY 92, DOVER, FL 33527-3804
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
Aug 4, 2021
$950,000
Sth Of The Month Properties Develop
Walden Investment Co INC
Special Warranty Deed
—
Aug 6, 2009
—
Walden Inv Co INC
Walden Props INC
Quit Claim Deed
related
—
Mar 3, 2009
—
Walden Investment Co INC
Walden Properties INC
Quit Claim Deed
related
—
—
—
Walden Properties INC
—
Deed Of Trust
related
$22,963 · Suntrust Bank NA
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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