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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
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
$665k
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
Zoning description
The purpose of C-1 zone is to provide wholesale distribution establishments and warehouses
Zone name
General Commercial
General category
INDUSTRIAL
Zone area
364.38 ac
Source
Realmo
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
$665k
Range $599k – $732k · ±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
$264 / 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, FLZoning 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
Zoning description
The purpose of C-1 zone is to provide wholesale distribution establishments and warehouses
Zone name
General Commercial
General category
INDUSTRIAL
Zone area
364.38 ac
Source
Realmo
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.
Try Rey
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