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504 E Baker St 3,288 SF 100% Leased Office Building Plant City, FL 33563 $559,000 ($170.01/SF) 7.56% Cap Rate
Investment Highlights
- Main Thoroughfare
Executive Summary
All units are currently occupied. Building has been recently remodeled due to hurricane flooding, although not in a flood zone. New Roof 6/2026, new windows for entire building in 2025, and two of four HVAC units replaced in 2026. Extra Lot for overflow parking included. Great income with annual increases on leases.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$50,642
|
$15.40
|
| Other Income |
$22,776
|
$6.93
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$73,418
|
$22.33
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$31,181
|
$9.48
|
| Net Operating Income |
$42,237
|
$12.85
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $50,642 |
| Annual Per SF | $15.40 |
| Other Income | |
|---|---|
| Annual | $22,776 |
| Annual Per SF | $6.93 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $73,418 |
| Annual Per SF | $22.33 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $31,181 |
| Annual Per SF | $9.48 |
| Net Operating Income | |
|---|---|
| Annual | $42,237 |
| Annual Per SF | $12.85 |
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
$559,000
Price Per SF
$170.01
Cap Rate
7.56%
NOI
$42,260
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 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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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