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Property profile & analytics
OFF-MARKET
Estimated value
$305,000
Banks
409 Alexander St Plant City, FL 33563-4305
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-5188351
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,568 SF
Lot
0.94 ac (40,968 SF)
Zoning code
C-1B
APN
P3028225DK000000000041
UPID
US18-5188351
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
-
Bank Of Central Florida - Plant City Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$305k
Owner & transaction history
Bank Of Ctrl Fl · 7 yrs held
Bank Of Ctrl Fl
since 2019
4 recorded transactions
Zoning & alternative use
C-1B · Plant City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C1B zone is to provide business offices, including banks, real estate, insurance and other similar offices, including professional, photographic or art studios or funeral homes
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
49.83 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
by Request
ML approach
$345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$305k
Range $275k – $336k · ±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
$85 / 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
$15,118
Tax year 2023
Assessed value
$856,700
Assessed 2023
Previous assessed
$876,700
-2.3% YoY
Effective rate
1.76%
On assessed value
Assessed land
$409,675
Assessed improvement
$447,025
Land market value
$409,675
Improvement market value
$447,025
Total market value
$856,700
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
3
Bathrooms
1
Total area
3,568 SF
Lot
0.94 ac (40,968 SF)
Zoning code
C-1B
APN
P3028225DK000000000041
UPID
US18-5188351
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
C-1B · Plant City, FLZoning C-1B · permitted uses
C-1B · 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 C1B zone is to provide business offices, including banks, real estate, insurance and other similar offices, including professional, photographic or art studios or funeral homes
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
49.83 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
3
Bathrooms
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Bank Of Ctrl Fl
Entity
Free & Clear · 7 yrs held
Mailing address
5015 S FLORIDA AVE STE #101, LAKELAND, FL 33813-2561
Ownership since
2019
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
Jul 3, 2019
$600,000
Bank Of Ctrl Fl
PC 409 LLC
Grant Deed
—
Jul 3, 2019
$100
Bank Of Ctrl Fl
PC 409 LLC
Quit Claim Deed
related
—
Jun 27, 2019
$100
Palm Capital Partners LLC
Suntrust Bk
Quit Claim Deed
related
—
Jul 20, 2018
—
PC 409 LLC
Palm Capital Partners LLC
Grant Deed
—
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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