Office Building with Updated
For Sale
Contact for pricing
107 Glendale Dr, Brandon, FL 33511
Office building offered for sale with roof replacement in 2024 and HVAC units less than five years old.
Property Size5,908 SF
Price / SF$253.89
Days on Market56
Property Features for 107 Glendale Dr
General Information
Standard status
Active
Size
5,908 SF
Property subtype
OFFICE
Listing Agency:
BHHS - Florida Properties Group | Trinity
(727) 847-4444
Listed By:
Joseph Szucs · License #3047161
(727) 271-1592
Source:
Moodyscre
Added: Jul 20
Changed: Sep 8
Last Checked: Sep 12 at 11:41AM
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 BHHS - Florida Properties Group | Trinity
Investment Insights
Based on property information with market context.
This office building presents an investor-focused setup with tenant improvements already largely completed. Major building systems are described as being in excellent condition, including a roof replacement completed in 2024 and HVAC units that are under five years old.
The property is available for sale and located at 107 Glendale Dr in Brandon, FL 33511. It offers a structured foundation for an owner looking to support continued leasing operations, with current improvements intended to help minimize near-term capital demands.
The property is available for sale and located at 107 Glendale Dr in Brandon, FL 33511. It offers a structured foundation for an owner looking to support continued leasing operations, with current improvements intended to help minimize near-term capital demands.
Key Highlights
- Office building for sale with roof replaced in 2024
- HVAC units are less than 5 years old
- Major systems reported in excellent condition, potentially reducing near‑term expenses
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
$105,000
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
7.00%
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%
$2,100,000
$2.1M
Cap Rate 7%
$1,500,000
$1.5M
Cap Rate 9%
$1,166,667
$1.2M
Market Conditions
NOI Build-Up for 5,908 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
$171.6K $29.04/SF
− Vacancy
−$31.6K −$5.34/SF
EGI
$140.0K $23.70/SF
− OpEx
−$35.0K −$5.92/SF
NOI
$105.0K $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%
$2,100,000
Cap Rate 7%
$1,500,000
Cap Rate 9%
$1,166,667
Alternative Uses
Best Use
Office B
$1.50M
$1.31M – $1.75M
NOI $105,000 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,574 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,071
Businesses Nearby
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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
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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 - Office building offered for sale with roof replacement in 2024 and HVAC units less than five years old.
Where is this office building located?
The property is located at 107 Glendale Dr Brandon, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Office building for sale with roof replaced in 2024; HVAC units are less than 5 years old; Major systems reported in excellent condition, potentially reducing near‑term expenses
