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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Office buildings
901 Dr Martin Luther King Jr Blvd, Plant City, FL 33563-5148
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3464518
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,520 SF
Lot
0.46 ac (20,255 SF)
Zoning code
C-1
APN
P2928225D5000002000010
UPID
US18-3464518
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
-
Omega Water Sciences Association Or Organization
-
The Healing Place International Ministries Church Mosque
-
Starboard A/C & Heating HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$680k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$488k
Blend (final)
Blend
$685k
Owner & transaction history
G&j Stone Mlk LLC · 3 yrs held
G&j Stone Mlk LLC
since 2022
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
C-1 · Plant City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$625,000
+77.9%
Neighborhood: shopping center
$615,000
+75.2%
Auto repair, garage
$475,000
+35.5%
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
$665,000
ML approach
$680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$625,000
Change: +78% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$615,000
Change: +75% · Conversion: Difficult
AUTO REPAIR, GARAGE
$475,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $700k (Dec 29 2022)
Last sale anchor
$700k
Dec 29 2022
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
$272 / 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
$10,262
Tax year 2023
Assessed value
$581,500
Assessed 2023
Previous assessed
$438,800
+32.5% YoY
Effective rate
1.76%
On assessed value
Assessed land
$131,658
Assessed improvement
$449,842
Land market value
$131,658
Improvement market value
$449,842
Total market value
$581,500
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
5
Rooms
5
Bathrooms
1
Total area
2,520 SF
Lot
0.46 ac (20,255 SF)
Zoning code
C-1
APN
P2928225D5000002000010
UPID
US18-3464518
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
C-1 · Plant City, FL
Zoning C-1 · permitted uses
C-1 · 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
MEDICAL BUILDING
Est. value
$625,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$615,000
AUTO REPAIR, GARAGE
Est. value
$475,000
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
5
Rooms
5
Bathrooms
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
G&j Stone Mlk LLC
Entity
Mailing address
PO BOX 84, VALRICO, FL 33595-0084
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2022
$700,000
G&j Stone Mlk LLC
Central Florida Heating And Cooling
Warranty Deed
$285,160 · The Bank Of Tampa
Jan 6, 2021
$430,000
Central Florida Heating & Cool
Redman Ruby J Trust
Warranty Deed
$383,430 · Knotts & Redman Ptr
Jan 12, 2018
—
Redman,rudy J Trust
Redman,ruby J
Quit Claim Deed
related
—
May 24, 2016
—
Andrew F Knotts
Kairoi Performing Arts Cultura
Quit Claim Deed
related
—
Dec 10, 2014
$250,000
Kairoi Performing Arts Cultura
Knotts,andrew F & Jeanne R
Dual Purpose Document
$245,000 · Andrew F & Jeanne R Knotts
Jun 20, 2001
$111,200
Don L Wetherington
Rlda Global Corp
Grant Deed
—
Jan 25, 2000
$170,000
Rlda Global Corp
Wetherington,don L & Linda E
Grant Deed
$120,000 · Seller
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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