One-Story Office
For Sale
$689,000
Pending
1375 Providence Road, Brandon, FL 33511
BPO-zoned office property with private work areas, meeting space, support rooms, and an on-site parking lot.
Property Size3,156 SF
Days on Market1292
Property Features for 1375 Providence Road
General Information
Standard status
Pending
Size
3,156 SF
Property subtype
General Commercial
Zoning
BPO
Amenities
private offices
conference room
kitchen
recording room
storage rooms
bathrooms
private parking lot
3
Building Details
Year Built
2014
Buildings
1
Stories
1
Building Size
3,156 SF
Listing Agency:
Total R E Consultants Inc
(954) 224-8773
Listed By:
J. Josep Pelayo · License #A11997717
(954) 224-8773
Source:
Xome
Added: Feb 16, 2023
Changed: Aug 30
Last Checked: Aug 31 at 3:16PM
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 Total R E Consultants Inc
Investment Insights
Based on property information with market context.
Located at 1375 Providence Road in Brandon, this one-story office building contains 3,156 SF of workspace. The interior includes 10 private offices, a conference room, kitchen, recording room, storage rooms, and 3 bathrooms. Built in 2014, the property is designated for BPO (Business, Professional Office) use and is part of an office park.
A private parking lot serves the building. The configuration combines individual offices with shared meeting, kitchen, recording, storage, and restroom areas, providing a defined setup for professional office operations. The property is offered for sale.
A private parking lot serves the building. The configuration combines individual offices with shared meeting, kitchen, recording, storage, and restroom areas, providing a defined setup for professional office operations. The property is offered for sale.
Key Highlights
- 3,156 SF one‑story office building built in 2014
- 10 private offices plus 1 conference room
- BPO (Business, Professional Office) zoning
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
$56,090
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%
$1,121,800
$1.1M
Cap Rate 7%
$801,286
$801.3K
Cap Rate 9%
$623,222
$623.2K
Market Conditions
NOI Build-Up for 3,156 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
$91.7K $29.04/SF
− Vacancy
−$16.9K −$5.34/SF
EGI
$74.8K $23.70/SF
− OpEx
−$18.7K −$5.92/SF
NOI
$56.1K $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%
$1,121,800
Cap Rate 7%
$801,286
Cap Rate 9%
$623,222
Alternative Uses
Best Use
Office B
$801.3K
$701.1K – $934.8K
NOI $56,090 @ 7.0% cap · market cap 8.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,106 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
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
Market
Vacancy Rate% for Office 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?
Office building - BPO-zoned office property with private work areas, meeting space, support rooms, and an on-site parking lot.
Where is this office building located?
The property is located at 1375 Providence Road Brandon, FL.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: 3,156 SF one‑story office building built in 2014; 10 private offices plus 1 conference room; BPO (Business, Professional Office) zoning
