Restaurant Property for
For Sale
Contact for pricing
2016 Town Center Blvd, Brandon, FL 33511
The 2005-built property carries C1 zoning and has a former restaurant and night club configuration.
Property Size6,800 SF
Price / SF$514.71
Days on Market1493
Property Features for 2016 Town Center Blvd
General Information
Standard status
Active
Size
6,800 SF
Total Parking Spaces
119
Property subtype
Retail
Zoning
C1
Occupancy
100%
Investment Type
Net Lease
Net Operating Income
$228,000
Building Details
Year Built
2005
Year Renovated
2024
Stories
1
Units
1
Tenancy
Multi
Listing Agency:
Dalton Wade Real Estate Group
Listed By:
Jose Reynoso · License #SL3032029
Source:
Crexi
Added: Jul 31, 2022
Changed: Aug 30
Last Checked: Aug 30 at 3:32PM
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 Dalton Wade Real Estate Group
Investment Insights
Based on property information with market context.
This 6,800-square-foot conventional restaurant property was built in 2005. The improvements previously operated as a restaurant and night club, providing an existing commercial structure for redevelopment consideration.
The property is located at 2016 Town Center Blvd in Brandon, Florida 33511. C1 zoning applies to the site.
The property is located at 2016 Town Center Blvd in Brandon, Florida 33511. C1 zoning applies to the site.
Key Highlights
- 6,800‑square‑foot conventional restaurant property
- Built in 2005
- Former restaurant and night club improvements
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
$112,776
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
3.22%
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%
$2,255,520
$2.3M
Cap Rate 7%
$1,611,086
$1.6M
Cap Rate 9%
$1,253,067
$1.3M
Market Conditions
NOI Build-Up for 6,800 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
$159.1K $23.40/SF
− Vacancy
−$8.8K −$1.29/SF
EGI
$150.4K $22.11/SF
− OpEx
−$37.6K −$5.53/SF
NOI
$112.8K $16.58/SF
Area
Brandon, FL
Vacancy
5.50%
Lease Rate
$23.40 /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%
$2,255,520
Cap Rate 7%
$1,611,086
Cap Rate 9%
$1,253,067
Alternative Uses
Best Use
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,776 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.56M
$2.24M – $2.98M
NOI $179,063 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,641
Businesses Nearby
415k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 14%
Groceries 10%
Home Improvements & Furnishings 6%
Chick-fil-A
Dining
50,883 visits/mo
0.4 miles
McDonald's
Dining
40,665 visits/mo
0.5 miles
Aldi
Groceries
26,827 visits/mo
0.4 miles
HomeGoods
Home Improvements & Furnishings
26,462 visits/mo
0.4 miles
Golden Corral
Dining
24,780 visits/mo
0.2 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The 2005-built property carries C1 zoning and has a former restaurant and night club configuration.
Where is this conventional restaurant located?
The property is located at 2016 Town Center Blvd Brandon, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 6,800‑square‑foot conventional restaurant property; Built in 2005; Former restaurant and night club improvements
