Turnkey Medical Office
For Sale
$360,000
500 Vonderburg Drive Unit 314, Brandon, FL 33511
Third-floor medical office condo with multiple exam rooms and on-site parking for immediate practitioner occupancy.
Property Size1,983 SF
Price / SF$181.54
Days on Market83
Property Features for 500 Vonderburg Drive Unit 314
General Information
Standard status
Active
Size
1,983 SF
Property subtype
General Commercial
Building Details
Year Built
1982
Listing Agency:
COMPASS FLORIDA LLC
(727) 380-2067
Listed By:
Jerilyn Rush · License #3151248
Source:
Xome
Added: May 17
Changed: Jul 10
Last Checked: Jul 16 at 5:08AM
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 COMPASS FLORIDA LLC
Investment Insights
Based on property information with market context.
This turnkey medical office condo is located on the third floor of the East Tower within the Brandon Professional Building complex. The unit includes a reception area with a check-in counter, along with a waiting area designed to accommodate 10 to 12 visitors. Interior improvements support day-to-day clinical workflow, featuring three examination rooms, a physician’s office, and dedicated storage rooms.
The office is positioned near an ADA elevator, providing convenient access for patients and staff. The property is described as being in Brandon’s established medical corridor with close proximity to Brandon Regional Hospital, and it offers tons of on-site parking for visitors.
For a practice looking to move in quickly, this layout offers separate exam and provider spaces plus administrative support areas, including a staff room with a kitchen and a private bathroom. The condo configuration and existing interior build-out make it well-suited for specialty-specific requirements where a ready-to-use medical setting is important. Immediate occupancy is indicated in the remarks.
The office is positioned near an ADA elevator, providing convenient access for patients and staff. The property is described as being in Brandon’s established medical corridor with close proximity to Brandon Regional Hospital, and it offers tons of on-site parking for visitors.
For a practice looking to move in quickly, this layout offers separate exam and provider spaces plus administrative support areas, including a staff room with a kitchen and a private bathroom. The condo configuration and existing interior build-out make it well-suited for specialty-specific requirements where a ready-to-use medical setting is important. Immediate occupancy is indicated in the remarks.
Key Highlights
- 3rd‑floor medical office condo in Brandon Professional Building (East Tower) on Vonderburg Road
- 1983 SF office layout includes waiting area for 10–12 visitors, reception/check‑in, and admin space
- Includes 3 examination rooms plus physician’s office and storage rooms
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Third-floor medical office condo with multiple exam rooms and on-site parking for immediate practitioner occupancy.
Where is this medical office space located?
The property is located at 500 Vonderburg Drive Unit 314 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: 3rd‑floor medical office condo in Brandon Professional Building (East Tower) on Vonderburg Road; 1983 SF office layout includes waiting area for 10–12 visitors, reception/check‑in, and admin space; Includes 3 examination rooms plus physician’s office and storage rooms
