Individually Owned 
For Sale
1 / 24
$395,000
702 Dr Martin Luther King Jr Blvd W,Unit MARTIN LUTHER KING JR, Plant City, FL 33563
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Property summary
AI-generated overview
This professional office building is located at 702 W Dr Martin Luther King Jr Boulevard in Plant City and includes approximately 2,666 square feet of interior space configured for business use. The building layout is flexible and includes both office areas and on-site ancillary space. In addition to the office component, there is a one-bedroom apartment and a separate additional apartment that has been converted to storage. The property is positioned along a major thoroughfare with street frontage providing visibility suitable for a professional office setting, and it is described as being near downtown, government offices, medical facilities, and other community services. The on-site arrangement supports use by an owner-occupant and also offers the possibility of investment-oriented configuration, with interior space and storage that can be tailored to operational needs.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1919
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,666 SF
Lot
0.07 ac (2,886 SF)
Zoning code
C-1
APN
P2928225DB000016000080
UPID
US18-5479413
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Publishing House
-
(Bike/Boat/Book/etc) Store Printing Service
-
Hardware & Home Improvement Interior Design
-
Painting
-
Marketing & Advertising Advertising Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$280k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$280k
Owner & transaction history
since 2019
1 recorded transaction
Zoning & alternative use
C-1 · Plant City, FL
Zoning description
The purpose of C-1 zone is to provide wholesale distribution establishments and warehouses
General category
INDUSTRIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 15 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$280k
Value range
$252k – $308k
±10% around blend
Estimated value / SF
$105 / SF
Confidence
High
15 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$252k
blend $280k
$308k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,666 SF
Lot area
0.07 ac
Year built
1919
Stories
1
APN
P2928225DB000016000080
Zoning
C-1
Assessed value
$161,700
Annual tax
$1,708
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$1,708
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$719k
Weighted, 15 comps · high confidence
Evidence
15 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.4 mi away · 1,928 SF
10.5 mi away · 2,326 SF
11.5 mi away · 2,432 SF
15.6 mi away · 3,128 SF
18.1 mi away · 1,982 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$280k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 31 sales
$139
-25%
Submarket 41 sales
$141
-25%
County 1027 sales
$260
-60%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $105/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 15 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
7.88%
Selected cap rate for this office buildings
Derived from the Plant City market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.88%
9.0%
NOI (est.)
$31k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$395k
Move the market yield to see immediate price impact.
Value / SF
$148
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.38%7.88%8.38%
$28k
$380k
$355k
$334k
$31k
$422k
$395k
$371k
$34k
$464k
$434k
$409k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
15 found
High confidence · county-verified
Closest comparable
$574k
10.3 mi · May 2026 · $226/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,708
Tax year 2023
Assessed value
$161,700
Assessed 2023
Previous assessed
$132,200
+22.3% YoY
Effective rate
1.06%
On assessed value
Assessed land
$18,759
Assessed improvement
$142,941
Land market value
$18,759
Improvement market value
$142,941
Total market value
$161,700
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1919
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
2
Bathrooms
1
Total area
2,666 SF
Lot
0.07 ac (2,886 SF)
Zoning code
C-1
APN
P2928225DB000016000080
UPID
US18-5479413
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
C-1 · Plant City, FLZoning C-1 · permitted uses
C-1 · Plant City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The purpose of C-1 zone is to provide wholesale distribution establishments and warehouses
General category
INDUSTRIAL
Building & site characteristics
From public records
Year built
1919
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
2
Bathrooms
1
Lot
0.07 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
C-1
INDUSTRIAL
Jurisdiction
Plant City, FL
Recorded code
C-1
Official district
C-1
Official district profile
What the municipal code says about C-1
Zoning description
The purpose of C-1 zone is to provide wholesale distribution establishments and warehouses
General category
INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-1 in Plant City, FL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Cited sourceThe exact document the profile quotes
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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