Medical Office Condo with Exam
For Sale
$360,000
500 VONDERBURG Drive, Brandon, FL 33511
Commercial Sale, BRANDON, FL
Property Size1,983 SF
Lot Size0.25 Acres
Price / SF$181.54
Days on Market102
Property Features for 500 VONDERBURG Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
PD
Window features
Blinds
Appliances
Microwave, Refrigerator
Subdivision
THE BRANDON PROFESSIONAL BUILD
Lot features
City Limits, Sidewalk, Street Lights, Paved
Directions
Highway 60/East Brandon Blvd, go South on Parsons Ave and make a right on Vonderburg Dr.
Standard status
Active
APN
U-27-29-20-2GU-B00000-00533.0
Size
1,983 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
THE BRANDON PROFESSIONAL BUILDING PHASE II A CONDOMINIUM PHASE II BLDG B UNIT 533 3.44 PERCENTAGE OF COMMON ELEMENTS
Tax Annual Amount
5044
Legal Description
THE BRANDON PROFESSIONAL BUILDING PHASE II A CONDOMINIUM PHASE II BLDG B UNIT 533 3.44 PERCENTAGE OF COMMON ELEMENTS
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1982
Floors in Building
1
Flooring type
Carpet
Building materials
Block
Roof type
Membrane
Listing Agency:
COMPASS FLORIDA LLC
(727) 339-7902
Listed By:
Jerilyn Rush · License #3151248
(813) 927-6795
Added: May 20
Changed: Aug 19
Last Checked: Aug 29 at 7:06PM
MLS# TB8511056
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Medical office condominium at 500 Vonderburg Drive, Unit 314, within the Brandon Professional Building’s East Tower. The 1,983-square-foot third-floor suite includes a waiting area for 10 to 12 visitors, reception and check-in space, three examination rooms, a physician’s office, storage rooms, and a staff room with kitchen and private bathroom. Central heating and central air serve the unit, with carpet flooring, block construction, a membrane roof, and microwave and refrigerator included.
The suite is positioned next to an ADA elevator and offers onsite parking. Brandon Regional Hospital is nearby, and the property provides public water and public sewer service. Zoning is PD, with phone service available. Built in 1982, the office is configured for medical use and immediate occupancy.
The suite is positioned next to an ADA elevator and offers onsite parking. Brandon Regional Hospital is nearby, and the property provides public water and public sewer service. Zoning is PD, with phone service available. Built in 1982, the office is configured for medical use and immediate occupancy.
Key Highlights
- 1,983 SF medical office condominium at 500 Vonderburg Drive, Unit 314
- Three examination rooms plus physician’s office and storage rooms
- Waiting area accommodates 10 to 12 visitors
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
$29,298
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%
$585,960
$586.0K
Cap Rate 7%
$418,543
$418.5K
Cap Rate 9%
$325,533
$325.5K
Market Conditions
NOI Build-Up for 1,983 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
$53.5K $27.00/SF
− Vacancy
−$4.7K −$2.38/SF
EGI
$48.8K $24.62/SF
− OpEx
−$19.5K −$9.85/SF
NOI
$29.3K $14.77/SF
Area
Brandon, FL
Vacancy
8.80%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
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%
$585,960
Cap Rate 7%
$418,543
Cap Rate 9%
$325,533
Alternative Uses
Best Use
Office B
$503.5K
$440.5K – $587.4K
NOI $35,243 @ 7.0% cap · market cap 9.79%
Second Best
Healthcare Medical
$418.5K
$366.2K – $488.3K
NOI $29,298 @ 7.0% cap · market cap 8.14%
Theoretical Best
Office A
$746.0K
$652.7K – $870.3K
NOI $52,218 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,561
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Third-floor medical office with reception, treatment rooms, staff amenities, and elevator access.
Where is this medical office space located?
The property is located at 500 VONDERBURG Drive Brandon, FL.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 1,983 SF medical office condominium at 500 Vonderburg Drive, Unit 314; Three examination rooms plus physician’s office and storage rooms; Waiting area accommodates 10 to 12 visitors
