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Property profile & analytics
OFF-MARKET
Estimated value
$4,525,000
Strip malls
601 Alexander St, Plant City, FL 33563-7126
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US19-0518062
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,338 SF
Lot
6.76 ac (294,413 SF)
Zoning code
PD
APN
P0429225A0000000000020
UPID
US19-0518062
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
-
Before The Makeup Skin Academy & Aesthetics Spa & Massage Center Skin Care Clinic
-
Lush Education LLC Vocational School Training Center
-
Amanda's Wellness Spa & Massage Center
-
Magnolia Beauty Bar Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.85M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.53M
Owner & transaction history
Alexander Crossings LLC · 12 yrs held
Alexander Crossings LLC
since 2014
3 recorded transactions
Zoning & alternative use
PD · Plant City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.0M
+1.5%
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%
$5,250,000
6.5%
$4,845,000
7%
$4,500,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,915,000
Current use
MEDICAL BUILDING
$7,020,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$4.53M
Range $4.07M – $4.98M · ±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
$160 / 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
$89,574
Tax year 2023
Assessed value
$5,075,800
Assessed 2023
Previous assessed
$5,075,800
+0.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$1,825,949
Assessed improvement
$3,249,851
Land market value
$1,825,949
Improvement market value
$3,249,851
Total market value
$5,075,800
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Units
25
Rooms
28
Total area
28,338 SF
Lot
6.76 ac (294,413 SF)
Zoning code
PD
APN
P0429225A0000000000020
UPID
US19-0518062
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Plant City, FL
Zoning PD · permitted uses
PD · Plant City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Plant City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.9M
MEDICAL BUILDING
Est. value
$7.0M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Units
25
Rooms
28
Lot
6.76 ac
Current owner
From public records · entity-resolved
Alexander Crossings LLC
Entity
Mailing address
3633 CORTEZ RD W STE B3, BRADENTON, FL 34210-3123
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2014
$3,150,000
Alexander Crossings LLC
Eagle Fl I Spe LLC
Special Warranty Deed
$2,362,500 · Hancock Bank
Apr 17, 2012
$100
Eagle Fl I Spe LLC
Odyssey III Dp Xi LLC Coc
Trustees Deed
related
—
Dec 28, 2006
$2,900,000
Crf-alexander Crossings LLC
Bill Heard Chevrolet INC-plant
Warranty Deed
$6,000,000 · Citrus & Chemical 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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