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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Medical Office Space
508 Alexander St Plant City, FL 33563-3036
Entity Owned
12-yr Hold
Free & Clear
Property ID
US18-1195197
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,150 SF
Lot
0.74 ac (32,055 SF)
Zoning code
C-1A
APN
P2928225CN000006000001
UPID
US18-1195197
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
-
Gastro Florida - Plant City Physician
-
Terri L Jones Physician
-
Dr. Yawer M Nensey, MD Physician
-
Ramaswamaiah Chandrasekhara Medical Clinic
-
Dr. Alexis Serrano, DO Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$583k
Blend (final)
Blend
$815k
Owner & transaction history
Plant City Prof Center LLC · 12 yrs held
Plant City Prof Center LLC
since 2014
2 recorded transactions
Zoning & alternative use
C-1A · Plant City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-1A zone is to provide neighborhood business district, all uses shall be done within a completely enclosed building, business and professional offices including banks, real estate, insurance, accounting, law, architecture, planning, engineering, advertising, medical, dental, veterinary office or clinic, photographic or art studio or funeral h…
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
692.87 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,100,000
6.5%
$1,015,000
7%
$940,000
Blend value · Realmo final
$815k
Range $734k – $897k · ±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
$114 / 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
$15,798
Tax year 2023
Assessed value
$895,200
Assessed 2023
Previous assessed
$944,000
-5.2% YoY
Effective rate
1.76%
On assessed value
Assessed land
$224,385
Assessed improvement
$670,815
Land market value
$224,385
Improvement market value
$670,815
Total market value
$895,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
4
Total area
7,150 SF
Lot
0.74 ac (32,055 SF)
Zoning code
C-1A
APN
P2928225CN000006000001
UPID
US18-1195197
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
C-1A · Plant City, FLZoning C-1A · permitted uses
C-1A · 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-1A zone is to provide neighborhood business district, all uses shall be done within a completely enclosed building, business and professional offices including banks, real estate, insurance, accounting, law, architecture, planning, engineering, advertising, medical, dental, veterinary office or clinic, photographic or art studio or funeral homes
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
692.87 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
4
Lot
0.74 ac
Current owner
From public records · entity-resolved
Plant City Prof Center LLC
Entity
Free & Clear · 12 yrs held
Mailing address
508 N ALEXANDER ST, PLANT CITY, FL 33563-3036
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2014
—
Plant City Prof Center LLC
Nensey,yawer M
Warranty Deed
—
Aug 21, 2001
$40,000
Yawer M Nensey
Devarakonda,subrahamanyam & Hakikumari
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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