Multi-Tenant Medical
For Sale
Contact for pricing
205 S Moon Ave, Brandon, FL 33511
Single-story medical offices offer direct parking-lot access and established outpatient functionality.
Property Size17,085 SF
Lot Size2.00 Acres
Price / SF$375.95
Days on Market8
Property Features for 205 S Moon Ave
General Information
Standard status
Active
Size
17,085 SF
Lot size
2.00 Acres
Property subtype
Retail, Office
Occupancy
100%
Additional Details
Floor
1
Highway Access
Yes
Building Details
Buildings
1
Building Size
17,085 SF
Tenancy
Multi
Listing Agency:
Matthews
Listed By:
Jacob Allen · License #FL3558421
Source:
Crexi
Added: Sep 4
Changed: Sep 10
Last Checked: Sep 10 at 2:49PM
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 Matthews
Investment Insights
Based on property information with market context.
This 17,085-square-foot medical office property is fully occupied by five healthcare providers, including AdventHealth, Greater Tampa Bay Physician Specialists, Upperline Health, Bay Area Surgical Associates, and Sage Infusion. The single-story layout includes medical buildouts with direct access from the parking lot, supporting outpatient operations and patient circulation. Ownership includes the building and an approximately two-acre site.
The property sits near HCA Florida Brandon Hospital and provides access to I-75, State Road 60, and the Selmon Expressway. Lease structures are NNN, with four of the five tenants providing 3% annual rent increases. The surrounding five-mile area includes more than 232,000 residents and 91,000 households, placing the asset within an established healthcare corridor.
The property sits near HCA Florida Brandon Hospital and provides access to I-75, State Road 60, and the Selmon Expressway. Lease structures are NNN, with four of the five tenants providing 3% annual rent increases. The surrounding five-mile area includes more than 232,000 residents and 91,000 households, placing the asset within an established healthcare corridor.
Key Highlights
- 17,085‑square‑foot medical office property with 100% occupancy
- Five healthcare providers occupy the building, including AdventHealth and HCA‑affiliated Greater Tampa Bay Physician Specialists
- NNN lease structures; four of five tenants provide 3% annual increases
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
$303,643
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
4.73%
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%
$6,072,860
$6.1M
Cap Rate 7%
$4,337,757
$4.3M
Cap Rate 9%
$3,373,811
$3.4M
Market Conditions
NOI Build-Up for 17,085 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
$496.1K $29.04/SF
− Vacancy
−$91.3K −$5.34/SF
EGI
$404.9K $23.70/SF
− OpEx
−$101.2K −$5.92/SF
NOI
$303.6K $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%
$6,072,860
Cap Rate 7%
$4,337,757
Cap Rate 9%
$3,373,811
Alternative Uses
Best Use
Office B
$4.34M
$3.80M – $5.06M
NOI $303,643 @ 7.0% cap · market cap 4.73%
Second Best
Healthcare Medical
$3.61M
$3.16M – $4.21M
NOI $252,421 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$6.43M
$5.62M – $7.50M
NOI $449,896 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,507
Businesses Nearby
Well-served
Demand for This Use
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
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?
Medical Office Space - Single-story medical offices offer direct parking-lot access and established outpatient functionality.
Where is this medical office space located?
The property is located at 205 S Moon Ave Brandon, FL.
What is the asking price?
The asking price for this property is $6,423,185.
What are key features of this property?
This property features: 17,085‑square‑foot medical office property with 100% occupancy; Five healthcare providers occupy the building, including AdventHealth and HCA‑affiliated Greater Tampa Bay Physician Specialists; NNN lease structures; four of five tenants provide 3% annual increases
