Single-Story Office
New
For Sale
$300,000
1013 N PARSONS Avenue, Brandon, FL 33510
Commercial Sale, BRANDON, FL
Property Size1,024 SF
Lot Size0.20 Acres
Price / SF$292.97
Days on Market5
Property Features for 1013 N PARSONS Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
RSC-6
Window features
Double Pane Windows, Blinds
Appliances
Refrigerator
Subdivision
HIGHLAND GROVE ESTATES
Lot features
Sidewalk
Directions
From I-75 and SR60 drive east on SR60. Left on N Parsons Ave. Home is approx. 1.3 miles on the right.
Standard status
Active
APN
U-14-29-20-2BD-000001-00001.0
Size
1,024 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HIGHLAND GROVE ESTATES LOT 1 BLOCK 1 LESS W 14 FT FOR PARSONS AVE
Tax Annual Amount
3239
Legal Description
HIGHLAND GROVE ESTATES LOT 1 BLOCK 1 LESS W 14 FT FOR PARSONS AVE
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central, Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1971
Floors in Building
1
Flooring type
Tile, Carpet
Building materials
Block
Roof type
Metal
Additional Structures
Storage
Listing Agency:
YELLOWFIN REALTY
(813) 347-7547
Listed By:
Andrew Schmitt · License #3219720
(813) 857-1543
Added: Sep 14
Changed: Sep 18
Last Checked: Sep 18 at 7:06PM
MLS# TB8549388
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.
This 1,024-square-foot, single-story office property was built in 1971 and includes three private offices, a primary work or reception area, one full bathroom, and a utility room that can function as additional office or flex space. The interior also features a partial kitchen with a sink and refrigerator, plus adjacent space for a staff break area. Tile and carpet flooring, central air, electric heat, and block construction are present.
The 0.2-acre parcel is fully fenced and includes an outdoor storage shed, a single-car carport, two existing curb cuts, and public water and sewer. The roof was replaced with metal in 2024, and the former septic tank has been removed. Current zoning is RSC-6; buyers should verify zoning, legal non-conforming status, and intended land use with Hillsborough County.
The 0.2-acre parcel is fully fenced and includes an outdoor storage shed, a single-car carport, two existing curb cuts, and public water and sewer. The roof was replaced with metal in 2024, and the former septic tank has been removed. Current zoning is RSC-6; buyers should verify zoning, legal non-conforming status, and intended land use with Hillsborough County.
Key Highlights
- 1,024 SF single‑story office building on a 0.2‑acre lot
- Three private offices plus main work or reception area
- New metal roof installed in 2024
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
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?
Office units - Fenced office property with private rooms, reception space, public utilities, and a 2024 metal roof.
Where is this office units located?
The property is located at 1013 N PARSONS Avenue 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: 1,024 SF single‑story office building on a 0.2‑acre lot; Three private offices plus main work or reception area; New metal roof installed in 2024
