Medical Office Space with Exam
For Sale
$360,000
500 VONDERBURG Drive, Brandon, FL 33511
Commercial Sale, BRANDON, FL
Property Size1,983 SF
Lot Size0.25 Acres
Price / SF$181.54
Days on Market131
Property Features for 500 VONDERBURG Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
PD
Window features
Blinds
Appliances
Microwave, Refrigerator
Subdivision
THE BRANDON PROFESSIONAL BUILD
Lot features
City Limits, Sidewalk, Street Lights, Paved
Directions
Highway 60/East Brandon Blvd, go South on Parsons Ave and make a right on Vonderburg Dr.
Standard status
Active
APN
U-27-29-20-2GU-B00000-00533.0
Size
1,983 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
THE BRANDON PROFESSIONAL BUILDING PHASE II A CONDOMINIUM PHASE II BLDG B UNIT 533 3.44 PERCENTAGE OF COMMON ELEMENTS
Tax Annual Amount
5044
Legal Description
THE BRANDON PROFESSIONAL BUILDING PHASE II A CONDOMINIUM PHASE II BLDG B UNIT 533 3.44 PERCENTAGE OF COMMON ELEMENTS
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1982
Floors in Building
1
Flooring type
Carpet
Building materials
Block
Roof type
Membrane
Listing Agency:
COMPASS FLORIDA LLC
(727) 339-7902
Listed By:
Jerilyn Rush · License #3151248
(813) 927-6795
Added: May 20
Changed: Sep 17
Last Checked: Sep 27 at 11:06PM
MLS# TB8511056
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Unit 314 occupies the third floor of the East Tower at Brandon Professional Building. The 1983-square-foot medical office includes a reception station, a waiting area sized for 10 to 12 visitors, three examination rooms, a physician’s office, storage rooms, and a staff room with a kitchen and private bathroom. The suite is positioned next to the building’s ADA elevator and includes a microwave and refrigerator. Block construction, carpeted flooring, central heating, and central air conditioning are among the property features.
The property is located at 500 Vonderburg Drive in Brandon, within the Brandon Professional Building complex and near Brandon Regional Hospital. On-site parking is provided. The building was constructed in 1982 and the unit carries PD zoning, with public water and public sewer service.
The property is located at 500 Vonderburg Drive in Brandon, within the Brandon Professional Building complex and near Brandon Regional Hospital. On-site parking is provided. The building was constructed in 1982 and the unit carries PD zoning, with public water and public sewer service.
Key Highlights
- 1983 square feet of medical office space on the third floor
- Waiting area accommodates 10 to 12 visitors
- Three examination rooms plus physician, storage, and staff areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,298
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$585,960
$586.0K
Cap Rate 7%
$418,543
$418.5K
Cap Rate 9%
$325,533
$325.5K
Market Conditions
NOI Build-Up for 1,983 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$53.5K $27.00/SF
− Vacancy
−$4.7K −$2.38/SF
EGI
$48.8K $24.62/SF
− OpEx
−$19.5K −$9.85/SF
NOI
$29.3K $14.77/SF
Area
Brandon, FL
Vacancy
8.80%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$585,960
Cap Rate 7%
$418,543
Cap Rate 9%
$325,533
Alternative Uses
Best Use
Office B
$503.5K
$440.5K – $587.4K
NOI $35,243 @ 7.0% cap · market cap 9.79%
Second Best
Healthcare Medical
$418.5K
$366.2K – $488.3K
NOI $29,298 @ 7.0% cap · market cap 8.14%
Theoretical Best
Office A
$746.0K
$652.7K – $870.3K
NOI $52,218 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,561
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33511, FL
56,627
Population
24,579
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
91%
High-School Grad
16.0 sq mi
ZIP Area
3,539
Density / Sq Mi
$77,383
Median Household Income
$44,521
Median Earnings
$1,684
Median Rent
$324,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured with reception, patient waiting, examination, physician, storage, and staff areas.
Where is this medical office space located?
The property is located at 500 VONDERBURG Drive Brandon, FL.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 1983 square feet of medical office space on the third floor; Waiting area accommodates 10 to 12 visitors; Three examination rooms plus physician, storage, and staff areas
