Single-Story Office
New
For Sale
$300,000
1013 N PARSONS, Brandon, FL 33510
Established office layout with private rooms, reception space, flex area, and fenced outdoor storage.
Property Size1,024 SF
Days on Market2
Property Features for 1013 N PARSONS
General Information
Standard status
Active
Size
1,024 SF
Property subtype
Commercial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,239
Amenities
outdoor storage shed
partial kitchen
Building Details
Building Size
1,024 SF
Year Built
1971
Buildings
1
Stories
1
Listing Agency:
YELLOWFIN REALTY
Listed By:
Andrew Schmitt · License #3219720
(813) 857-1543
Source:
Elliman
Added: Sep 19
Last Checked: Sep 20 at 10:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of YELLOWFIN REALTY
Investment Insights
Based on property information with market context.
This single-story office property, built in 1971, provides a practical arrangement with 3 private offices, a central work or reception area, a full bathroom, and a utility room that can function as additional office or flex space. The interior also includes a partial kitchen with a sink and refrigerator, plus an adjoining area suitable for staff meals or breaks.
The property occupies a fully fenced lot with an outdoor storage shed, two existing curb cuts, a single-car carport, and a designated rear parking area. A circular driveway could potentially be added for client access. Building improvements include a metal roof installed in 2024 and double-pane windows. Public water and sewer serve the property, and the former septic tank has been removed. Mechanical, electrical, and plumbing systems are reported to be in good working order. Current zoning, legal non-conforming status, and intended land use should be verified with Hillsborough County.
The property occupies a fully fenced lot with an outdoor storage shed, two existing curb cuts, a single-car carport, and a designated rear parking area. A circular driveway could potentially be added for client access. Building improvements include a metal roof installed in 2024 and double-pane windows. Public water and sewer serve the property, and the former septic tank has been removed. Mechanical, electrical, and plumbing systems are reported to be in good working order. Current zoning, legal non-conforming status, and intended land use should be verified with Hillsborough County.
Key Highlights
- 3 private offices plus a main work or reception area
- 2024 metal roof and double‑pane windows
- Fully fenced lot with outdoor storage shed
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
$18,199
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
6.07%
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%
$363,980
$364.0K
Cap Rate 7%
$259,986
$260.0K
Cap Rate 9%
$202,211
$202.2K
Market Conditions
NOI Build-Up for 1,024 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
$29.7K $29.04/SF
− Vacancy
−$5.5K −$5.34/SF
EGI
$24.3K $23.70/SF
− OpEx
−$6.1K −$5.92/SF
NOI
$18.2K $17.77/SF
Area
Brandon, FL
Vacancy
18.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
25.00%
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%
$363,980
Cap Rate 7%
$259,986
Cap Rate 9%
$202,211
Alternative Uses
Best Use
Office B
$260.0K
$227.5K – $303.3K
NOI $18,199 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$385.2K
$337.1K – $449.4K
NOI $26,965 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Explore this area
Business Placement
Demographics for 33510, FL
30,049
Population
12,006
Households
2.5
Avg Household Size
38
Median Age
26%
College-Educated
89%
High-School Grad
7.6 sq mi
ZIP Area
3,954
Density / Sq Mi
$71,057
Median Household Income
$40,399
Median Earnings
$1,365
Median Rent
$274,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Established office layout with private rooms, reception space, flex area, and fenced outdoor storage.
Where is this office building located?
The property is located at 1013 N PARSONS Brandon, FL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 3 private offices plus a main work or reception area; 2024 metal roof and double‑pane windows; Fully fenced lot with outdoor storage shed
