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Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Office buildings
702 Tillman Pl Plant City, FL 33566-7169
Entity Owned
~
Est. High Equity
Property ID
US18-4352286
Property summary
AI-generated overview
This single-tenant office building, located at 702 Tillman Pl in Plant City, FL 33566, offers 7,826 square feet of space on a 1.99-acre lot. Built in 1995, this Class C building features one story and 44 parking spaces. The property includes a dedicated entrance with a front desk, multiple conference rooms, a spacious breakroom with kitchen facilities, interior storage areas (660 SF), and a large bullpen area. Exterior amenities include a shaded patio, abundant parking, a detached workshop or storage building, and attractive landscaping. The building enjoys convenient access to I-4 and offers a peaceful pond view. The interior is designed for productivity and collaboration, making it suitable for a variety of businesses. Power is available on-site. The Hillsborough County property (APN 205160.2966) is available for sale or lease. This versatile floor plan provides a professional atmosphere for employees and clients. The property's location and amenities make it an ideal choice for businesses seeking a functional and attractive workspace. This is a single-tenant occupancy property.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,444 SF
Lot
2.94 ac (128,273 SF)
Zoning code
PD
APN
P04292259Y000002000010
UPID
US18-4352286
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
-
Workcomp Partners Insurance Agency
-
FedEx Drop Box Postal Service Courier Service
-
ATM Atm
-
Sparkman Chevrolet Car Dealership
-
IRBY CONSTRUCTION Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.79M
Owner & transaction history
702 Tillman Place LLC
702 Tillman Place LLC
since 2025
Last sale
$1.7M
2 recorded transactions
Zoning & alternative use
PD · Plant City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of PD zone will be applied only upon specific petition by property owners proposing a unique type of planned development
Zone name
Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
10,817.01 ac
Source
Realmo
Top alternative use upside
Medical building
$2.3M
+75.7%
Neighborhood: shopping center
$2.3M
+73.1%
Auto repair, garage
$1.8M
+33.9%
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
$1,875,000
ML approach
$1,865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,330,000
Current use
MEDICAL BUILDING
$2,340,000
Change: +76% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,305,000
Change: +73% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,780,000
Change: +34% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,615,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$1,415,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$1.79M
Range $1.61M – $1.97M · ±10% · vs last sale $1.70M (Apr 22 2021)
Last sale anchor
$1.70M
Apr 22 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
$190 / 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
$26,999
Tax year 2023
Assessed value
$1,541,600
Assessed 2023
Previous assessed
$1,386,200
+11.2% YoY
Effective rate
1.75%
On assessed value
Assessed land
$855,799
Assessed improvement
$685,801
Land market value
$855,799
Improvement market value
$685,801
Total market value
$1,541,600
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
6
Rooms
6
Total area
9,444 SF
Lot
2.94 ac (128,273 SF)
Zoning code
PD
APN
P04292259Y000002000010
UPID
US18-4352286
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Plant City, FLZoning 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
Zoning description
The purpose of PD zone will be applied only upon specific petition by property owners proposing a unique type of planned development
Zone name
Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
10,817.01 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.4M
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
6
Rooms
6
Lot
2.94 ac
Current owner
From public records · entity-resolved
702 Tillman Place LLC
Entity
Mailing address
401 E JACKSON ST STE #3300, TAMPA, FL 33602-5228
Ownership since
2025
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
Oct 30, 2025
$1,950,000
702 Tillman Place LLC
Gipfl 702 Tillman Place LLC
Special Warranty Deed
$1,657,000 · First Horizon Bank
Apr 22, 2021
$1,700,000
Gipfl 702 Tillman Place LLC
Sparkys Oil Company INC
Warranty Deed
$850,000 · The Bank Of Tampa
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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