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504 E Baker St 3,288 SF 100% Leased Office Building Plant City, FL 33563 $575,000 ($174.88/SF) 6.81% Cap Rate
Investment Highlights
- Main Thoroughfare
Executive Summary
All units are currently occupied with largest unit of 2,238 expiring in April 2026 if sold to owner/occupier. Tenant will renew for 1-3 years with annual increases tied to CPI. Building has been recently remodeled due to hurricane flooding, although not in a flood zone. New windows for entire building in 2025 and one of three HVAC units replaced 3/2026. Extra Lot for overflow parking included.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$47,136
|
$14.34
|
| Other Income |
$22,185
|
$6.75
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$69,321
|
$21.08
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$39,181
|
$11.92
|
| Net Operating Income |
$30,140
|
$9.17
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $47,136 |
| Annual Per SF | $14.34 |
| Other Income | |
|---|---|
| Annual | $22,185 |
| Annual Per SF | $6.75 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $69,321 |
| Annual Per SF | $21.08 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $39,181 |
| Annual Per SF | $11.92 |
| Net Operating Income | |
|---|---|
| Annual | $30,140 |
| Annual Per SF | $9.17 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,288 SF
Building Class
B
Year Built/Renovated
1987/2025
Price
$575,000
Price Per SF
$174.88
Cap Rate
6.81%
NOI
$39,181
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,288 SF
Building FAR
0.16
Lot Size
0.48 AC
Zoning
C-2 - C-2 Zoning allows for more intensive commercial use.
Parking
10 Spaces (3.04 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Monument Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Baskin Tax Accounting Inc
- Professional, Scientific, and Technical Services
- 525 SF
- $11.00
- Double Net
- -
- Learn Tampa Bay Inc
- Educational Services
- 2,238 SF
- $14.96
- Double Net
- Apr 2026
- Mcleod General Trades LLC
- Construction
- 525 SF
- $15.00
- Double Net
- Jan 2027
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Baskin Tax Accounting Inc | Professional, Scientific, and Technical Services | 525 SF | $11.00 | Double Net | - | |
| Learn Tampa Bay Inc | Educational Services | 2,238 SF | $14.96 | Double Net | Apr 2026 | |
| Mcleod General Trades LLC | Construction | 525 SF | $15.00 | Double Net | Jan 2027 |
Property Taxes
| Parcel Number | P-28-28-22-5BP-000014-00004.0 | Improvements Assessment | $511,700 (2025) |
| Land Assessment | $100 (2025) | Total Assessment | $511,800 (2025) |
Property Taxes
Parcel Number
P-28-28-22-5BP-000014-00004.0
Land Assessment
$100 (2025)
Improvements Assessment
$511,700 (2025)
Total Assessment
$511,800 (2025)
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504 E Baker St
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