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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4935 Dr Martin Luther King Jr Blvd Plant City, FL 33566-7905

    • Warehouses
    • 6,200 SF
    • 0.80 lot acres
    OFF-MARKET
    Value Estimations
    $615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0665138
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Ballard Storage / Storage Facility
    • Affordable Mini Storage / Storage Facility

    Property Details for 4935 Dr Martin Luther King Jr Blvd

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.80 lot acres
    Property size
    6,200 SF
    Zone code
    CG
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    U352821ZZZ000003876001
    APU
    U352821ZZZ000003876001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $395,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $735,000
      Market price range: $241k - $850k
      AI Estimate
      $445,000
      Market price range: $40.6k - $626k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $525,000
      Current use
      RETAIL STORES
      $930,000
      Change: +77% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Plant City
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.1794
    Latitude
    28.0043
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,363
    $312,975
    $390,725
    $703,700
    -
    $312,975
    $390,725
    $703,700

    Comparable in this City

    • Value Estimation by Request
      1,502 SF

      1903 Commerce St

      MINI-WAREHOUSE, STORAGE • 1,502 SF
      1903 Commerce St, Plant City, FL 33566
      View Details
    • Value Estimation by Request
      0.58 Acres

      4809 Dr Martin Luther King Jr Blvd

      MINI-WAREHOUSE, STORAGE • 0.58 Acres
      4809 Dr Martin Luther King Jr Blvd, Plant City, FL 33566
      View Details
    • Value Estimation by Request
      4,800 SF

      3002 Sydney Rd

      MINI-WAREHOUSE, STORAGE • 4,800 SF
      3002 Sydney Rd, Plant City, FL 33566-1177
      View Details
    • Value Estimation
      $1,810,000
      24,848 SF

      702 Kingsley Cir

      MINI-WAREHOUSE, STORAGE • 24,848 SF
      702 Kingsley Cir, Plant City, FL 33566-7170
      View Details
    • Value Estimation
      $1,225,000
      17,084 SF

      3302 Sydney Rd

      MINI-WAREHOUSE, STORAGE • 17,084 SF
      3302 Sydney Rd, Plant City, FL 33566-1181
      View Details
    • Value Estimation
      $845,000
      10,504 SF

      2311 Turkey Crk Rd

      MINI-WAREHOUSE, STORAGE • 10,504 SF
      2311 Turkey Crk Rd, Plant City, FL 33566-0059
      View Details

    Similar Nearby for Sale

    • $1,450,000
      3.35 Acres

      Tampa Industrial Land: 3.35 Acres

      Prime Industrial Land, Plant City, FL
      1807 Turkey Creek Rd, Plant City, FL 33566
      View Details
    • $699,900

      Land Available in Plant City

      Land for sale in Plant City, Florida.
      James L Redman Pkwy, Plant City, FL 33566
      View Details
    • $1,800,000
      17.60 Acres

      Plant City Farm with Development Potential

      18.79-acre Plant City property with home, mobile home, and outbuildings.
      5020 Sydney Rd, Plant City, FL 33566
      View Details
    • $365,000
      3.77 Acres

      Vacant Land in Plant City

      3.77-acre vacant land ideal for building, agriculture, or storage.
      Horseshoe Hl Pl, Plant City, FL 33566
      View Details
    • $1,500,000
      2.50 Acres

      Plant City Commercial Land Investment

      Prime 2.5-acre commercial lot, ready to develop.
      2401 Walden Woods Dr, Plant City, FL 33566
      View Details
    • $510,000

      9.39 Acres Pasture Land Auction

      9.39 acres of pasture land ideal for agricultural uses.
      Denton Rd, Plant City, FL 33566
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      535,539 SF

      County Line Crossing Warehouse

      Plant City, FL industrial space for lease.
      3017 County Line Rd, Plant City, FL 33566
      View Details
    • Contact for pricing
      50,062 SF

      Plant City Industrial Space Available

      Industrial space available for lease in Plant City, Florida.
      3010 Coronet Rd, Plant City, FL 33566
      View Details
    • Contact for pricing
      119,567 SF

      County Line Logistics Center

      119,567 SF Industrial Space Available
      3602 Fancy Farms Rd, Plant City, FL 33566
      View Details
    • $9 SF/Yr
      10,000 SF

      Plant City Warehouse For Lease

      10,000 SF warehouse with industrial zoning near I-4.
      1710 Turkey Creek Rd, Plant City, FL 33566
      View Details
    • Contact for pricing
      10,000 SF

      Plant City Warehouse with Showroom

      10,000 SF warehouse with office/showroom near I-4.
      4017 S Frontage Rd, Plant City, FL 33566
      View Details
    • Contact for pricing
      25,000 SF

      Plant City Warehouse Space Available

      Warehouse space with 30' clear height and ample parking.
      121 County Line Rd, Plant City, FL 33566
      View Details
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    Plant City, FL 33566-7905
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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