Two-Suite Office
For Sale
Contact for pricing
407 North Parsons Avenue, Brandon, FL 33510
The owners association handles maintenance and insurance for the roof, exterior, and shared spaces.
Property Size2,020 SF
Price / SF$247.52
Days on Market21
Property Features for 407 North Parsons Avenue
General Information
Standard status
Active
Size
2,020 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
2
Listing Agency:
Campbell Real Estate, Inc.
Listed By:
Colin Campbell · License #FL BK346949
Source:
Crexi
Added: Sep 16
Changed: Oct 5
Last Checked: Oct 5 at 7:32PM
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 Campbell Real Estate, Inc.
Investment Insights
Based on property information with market context.
This office condominium contains two professional suites within a 2,020-SF building. The owners association is responsible for maintaining, repairing, replacing, and insuring the roof, exterior, and common areas. The property is professionally managed.
North Parsons Avenue provides access to Downtown Tampa via Interstate 4 and the Selmon Expressway. The property is also within minutes of Tampa’s central business district and major hospitals.
North Parsons Avenue provides access to Downtown Tampa via Interstate 4 and the Selmon Expressway. The property is also within minutes of Tampa’s central business district and major hospitals.
Key Highlights
- Two professional office suites in a 2,020‑SF condominium building
- Owners association maintains, repairs, replaces, and insures the roof, exterior, and common areas
- Professionally managed property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,900
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$718,000
$718.0K
Cap Rate 7%
$512,857
$512.9K
Cap Rate 9%
$398,889
$398.9K
Market Conditions
NOI Build-Up for 2,020 SF
Gross rent
$58.7K $29.04/SF
− Vacancy
−$10.8K −$5.34/SF
EGI
$47.9K $23.70/SF
− OpEx
−$12.0K −$5.92/SF
NOI
$35.9K $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%
$718,000
Cap Rate 7%
$512,857
Cap Rate 9%
$398,889
Alternative Uses
Best Use
Office B
$512.9K
$448.8K – $598.3K
NOI $35,900 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$759.9K
$664.9K – $886.5K
NOI $53,192 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,677
Businesses Nearby
Explore this area
Business Placement
Demographics for 33510, FL
30,049
Population
12,006
Households
2.5
Avg Household Size
38
Median Age
26%
College-Educated
89%
High-School Grad
7.6 sq mi
ZIP Area
3,954
Density / Sq Mi
$71,057
Median Household Income
$40,399
Median Earnings
$1,365
Median Rent
$274,600
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
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 units - The owners association handles maintenance and insurance for the roof, exterior, and shared spaces.
Where is this office units located?
The property is located at 407 North Parsons Avenue Brandon, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two professional office suites in a 2,020‑SF condominium building; Owners association maintains, repairs, replaces, and insures the roof, exterior, and common areas; Professionally managed property
