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Property profile & analytics
OFF-MARKET
Estimated value
$2,700,000
Office buildings
502 Baker St Plant City, FL 33563-3509
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-0148641
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,560 SF
Lot
0.28 ac (12,075 SF)
Zoning code
C-2
APN
P2828225BP000014000030
UPID
US18-0148641
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
-
1 APPLE MARKET (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
Wic Authorized Food Center Grocery & Convenience Store Food Market
-
Green Extream Restaurant Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.70M
Owner & transaction history
Michelle Properties LLC · 5 yrs held
Michelle Properties LLC
since 2021
Last sale
$2.5M
6 recorded transactions
Zoning & alternative use
C-2 · Plant City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-2 zone is to provide automobile repair, including body or fender repair or painting, building supply and equipment sales, and retail lumberyards, glass sales and installation, provided all storage is enclosed
Zone name
General Commercial
General category
COMMERCIAL
Zone area
126.98 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
$2,700,000
ML approach
$2,680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.70M
Range $2.43M – $2.97M · ±10% · vs last sale $2.45M (Apr 19 2021)
Last sale anchor
$2.45M
Apr 19 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
$1,731 / 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
$4,614
Tax year 2023
Assessed value
$263,400
Assessed 2023
Previous assessed
$236,900
+11.2% YoY
Effective rate
1.75%
On assessed value
Assessed land
$72,450
Assessed improvement
$190,950
Land market value
$72,450
Improvement market value
$190,950
Total market value
$263,400
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
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
3
Total area
1,560 SF
Lot
0.28 ac (12,075 SF)
Zoning code
C-2
APN
P2828225BP000014000030
UPID
US18-0148641
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
C-2 · Plant City, FLZoning C-2 · permitted uses
C-2 · 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 C-2 zone is to provide automobile repair, including body or fender repair or painting, building supply and equipment sales, and retail lumberyards, glass sales and installation, provided all storage is enclosed
Zone name
General Commercial
General category
COMMERCIAL
Zone area
126.98 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
3
Lot
0.28 ac
Current owner
From public records · entity-resolved
Michelle Properties LLC
Entity
Mailing address
4001 STATE RD 574, PLANT CITY, FL 33563-4595
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2021
$2,450,000
Michelle Properties LLC
Gc Trust Holdings LLC
Warranty Deed
$250,000 · William A Roney Revocable Living Tr
Aug 3, 2011
—
Gc Trust Holdings LLC
Calhoun,gail
Quit Claim Deed
related
—
Oct 18, 2005
—
Mcgrath Gail C Trust
—
Trustees Deed
related
$156,000 · Platinum Bank
Oct 15, 2004
$80,000
Mcgrath Gail C Trust
Hwl Land Trust
Grant Deed
$85,000 · Nabakowski E W 2002 Trust (tr)
Oct 5, 2004
—
Sheppard Patrick J Tr
Howell,howard L
Quit Claim Deed
related
—
—
—
Mcgrath Gail C Trust
—
Deed Of Trust
related
$85,000 · Platinum Bank
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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