Office Building with Monument
For Sale
$849,000
223 LITHIA PINECREST, Brandon, FL 33511
BPO-zoned property offers reception, conference, executive office, open work, and break-room areas.
Property Size2,029 SF
Lot Size0.60 Acres
Price / SF$418.43
Days on Market47
Property Features for 223 LITHIA PINECREST
General Information
Standard status
Active
Size
2,029 SF
Total Parking Spaces
10
Lot size
0.60 Acres
Property subtype
Commercial
Zoning
BPO
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$8,867
Building Details
Building Size
2,029 SF
Year Built
1947
Buildings
1
Listing Agency:
bay street commercial llc
Listed By:
Michael Braccia, PA · License #3033512
(813) 625-2375
Source:
Elliman
Added: Sep 12
Changed: Oct 25
Last Checked: Oct 28 at 9:07AM
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 bay street commercial llc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1947, this 2,029 SF office building occupies a 26,250 SF BPO-zoned lot. The interior includes a glass-front entrance, reception area with seating for up to 6 clients, a receptionist station, conference room, executive offices, open work area, break room, and 2 restrooms.
The property provides 10 parking spaces with room for additional parking. Monument signage is positioned along Lithia Pinecrest Road, with a second sign of equal size on Bryan Road. The office is located just south of E. Brandon Boulevard (60) and near the I-75 interchange.
The property provides 10 parking spaces with room for additional parking. Monument signage is positioned along Lithia Pinecrest Road, with a second sign of equal size on Bryan Road. The office is located just south of E. Brandon Boulevard (60) and near the I-75 interchange.
Key Highlights
- 2,029 SF office building on a 26,250 SF BPO‑zoned lot
- Interior includes reception, conference room, open work area, break room, and 3 executive offices
- 10 parking spaces with room for additional parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,060
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,200
$721.2K
Cap Rate 7%
$515,143
$515.1K
Cap Rate 9%
$400,667
$400.7K
Market Conditions
NOI Build-Up for 2,029 SF
Gross rent
$58.9K $29.04/SF
− Vacancy
−$10.8K −$5.34/SF
EGI
$48.1K $23.70/SF
− OpEx
−$12.0K −$5.92/SF
NOI
$36.1K $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 Rate 5%
$721,200
Cap Rate 7%
$515,143
Cap Rate 9%
$400,667
Alternative Uses
Best Use
Office B
$515.1K
$450.8K – $601.0K
NOI $36,060 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$763.3K
$667.9K – $890.5K
NOI $53,429 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,389
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
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
Frequently Asked Questions
What type of property is this?
Office building - BPO-zoned property offers reception, conference, executive office, open work, and break-room areas.
Where is this office building located?
The property is located at 223 LITHIA PINECREST Brandon, FL.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 2,029 SF office building on a 26,250 SF BPO‑zoned lot; Interior includes reception, conference room, open work area, break room, and 3 executive offices; 10 parking spaces with room for additional parking
