Multi-Tenant Strip
For Sale
Contact for pricing
1403-1419 W Brandon Blvd, Brandon, FL 33511
Infill retail property with established tenancy and lease terms extending nearly four years on average.
Property Size11,085 SF
Lot Size1.00 Acre
Price / SF$405.95
Days on Market10
Property Features for 1403-1419 W Brandon Blvd
General Information
Standard status
Active
Size
11,085 SF
Lot size
1.00 Acre
Property subtype
RETAIL
Additional Details
Traffic Count
73,500 vehicles/day
Building Details
Tenancy
Multi
Listing Agency:
Colliers | Tampa
(727) 421-4377
Listed By:
Mike Milano · License #SL3335080
(727) 421-4377
Source:
Moodyscre
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 28 at 3:44PM
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 Colliers | Tampa
Investment Insights
Based on property information with market context.
This multi-tenant strip center contains ±11,085 SF on a ±1.00-acre infill parcel. The property is occupied by multiple tenants, with a weighted average lease term of nearly 4 years and embedded rent growth. Approximately 50% of tenants with renewal options have no pre-set option rents.
Positioned along State Road 60 in Brandon, the center benefits from a location reporting 73,500+ VPD. National traffic drivers in the surrounding area include Chick-fil-A, Whataburger, Portillo's, Dunkin', and Mission BBQ. The trade area includes 104,775+ residents within 3 miles and a daytime population of 101,994+, with 660 new residential units planned within 0.7 miles.
Positioned along State Road 60 in Brandon, the center benefits from a location reporting 73,500+ VPD. National traffic drivers in the surrounding area include Chick-fil-A, Whataburger, Portillo's, Dunkin', and Mission BBQ. The trade area includes 104,775+ residents within 3 miles and a daytime population of 101,994+, with 660 new residential units planned within 0.7 miles.
Key Highlights
- ±11,085 SF multi‑tenant strip center on a ±1.00‑acre infill parcel
- 73,500+ VPD along State Road 60 in Brandon
- Weighted average lease term of nearly 4 years with embedded rent growth
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
$158,812
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
3.53%
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%
$3,176,240
$3.2M
Cap Rate 7%
$2,268,743
$2.3M
Cap Rate 9%
$1,764,578
$1.8M
Market Conditions
NOI Build-Up for 11,085 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
$243.4K $21.96/SF
− Vacancy
−$16.6K −$1.49/SF
EGI
$226.9K $20.47/SF
− OpEx
−$68.1K −$6.14/SF
NOI
$158.8K $14.33/SF
Area
Brandon, FL
Vacancy
6.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$3,176,240
Cap Rate 7%
$2,268,743
Cap Rate 9%
$1,764,578
Alternative Uses
Best Use
Retail
$2.27M
$1.99M – $2.65M
NOI $158,812 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.17M
$3.65M – $4.86M
NOI $291,899 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
73,500 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,068
Businesses Nearby
394k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Dining 30%
Apparel 16%
Groceries 11%
Wawa
Shops & Services
66,980 visits/mo
0.5 miles
Burlington
Apparel
55,949 visits/mo
0.3 miles
Publix
Groceries
43,819 visits/mo
0.4 miles
Mobil
Shops & Services
23,088 visits/mo
0.4 miles
Dunkin' Donuts
Dining
20,847 visits/mo
0.1 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?
Strip mall - Infill retail property with established tenancy and lease terms extending nearly four years on average.
Where is this strip mall located?
The property is located at 1403-1419 W Brandon Blvd Brandon, FL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: ±11,085 SF multi‑tenant strip center on a ±1.00‑acre infill parcel; 73,500+ VPD along State Road 60 in Brandon; Weighted average lease term of nearly 4 years with embedded rent growth
