Adjoining Restaurant
For Sale
$5,499,000
704 E BRANDON Boulevard, Brandon, FL 33511
Commercial Sale, BRANDON, FL
Property Size10,130 SF
Lot Size1.16 Acres
Price / SF$542.84
Days on Market267
Property Features for 704 E BRANDON Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CG
Security features
Security System
Subdivision
UNPLATTED
Lot features
Central Business District, Curb and Gutters, Landscaped, Oversized Lot, Paved
Directions
Highway 60 to address on North side of street.
Standard status
Active
APN
U-23-29-20-ZZZ-000002-58810.0
Size
10,130 SF
Lot size
1.16 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
THAT PART OF E 1/2 OF SW 1/4 OF SE 1/4 DESC AS FR AT PT ON E R/W LINE OF RIDGEWOOD AVE & NWLY R/W OF SR 60 RUN N 200.86 FT TO POB BEING 396.1 FT S OF SW COR OF LOT 6 KINGSWAY HEIGHTS N 100 FT E 240 FT S 330 FT TO NLY R/W OF SR 60 RUN WLY ALG R/W 115 FT N 230 FT AND W 125 FT TO POB
Tax Annual Amount
23091
Legal Description
THAT PART OF E 1/2 OF SW 1/4 OF SE 1/4 DESC AS FR AT PT ON E R/W LINE OF RIDGEWOOD AVE & NWLY R/W OF SR 60 RUN N 200.86 FT TO POB BEING 396.1 FT S OF SW COR OF LOT 6 KINGSWAY HEIGHTS N 100 FT E 240 FT S 330 FT TO NLY R/W OF SR 60 RUN WLY ALG R/W 115 FT N 230 FT AND W 125 FT TO POB
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
RE/MAX REALTY UNLIMITED · RE/MAX International
(813) 684-0016
Listed By:
Michael Ginty · License #653815
(813) 684-0016
Added: Dec 5, 2025
Changed: Aug 26
Last Checked: Aug 29 at 6:06PM
MLS# TB8453861
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.
This restaurant offering combines the properties at 704 E Brandon Boulevard and 706 E Brandon Boulevard, which are conveyed together. The site encompasses 1.16 acres and includes restaurant improvements with approximately 172 seats, owned furniture, fixtures, and equipment. Public records identify 5,409 square feet of gross building area and 4,890 heated square feet. The buildings date to 1980 and feature block and stucco construction, shingle roofing, central air, electric heat, public water, and public sewer. The property is leased on a month-to-month basis.
The restaurant has direct frontage along Brandon Boulevard, also designated Highway 60, with a large asphalt parking area and access through Ridgewood Avenue. Ridgewood Avenue connects to Highway 60 at a signalized intersection, while the shared parking area provides access to the adjoining Sabor A Mexico property. The site is positioned across Highway 60 from the Nativity Catholic Church campus and within Brandon, Florida.
The restaurant has direct frontage along Brandon Boulevard, also designated Highway 60, with a large asphalt parking area and access through Ridgewood Avenue. Ridgewood Avenue connects to Highway 60 at a signalized intersection, while the shared parking area provides access to the adjoining Sabor A Mexico property. The site is positioned across Highway 60 from the Nativity Catholic Church campus and within Brandon, Florida.
Key Highlights
- Two adjoining restaurant properties at 704 E Brandon Boulevard and 706 E Brandon Boulevard
- 1.16‑acre site with 5,409 square feet of gross building area
- 4,890 heated square feet and seating for approximately 172 patrons
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
$168,004
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
3.06%
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%
$3,360,080
$3.4M
Cap Rate 7%
$2,400,057
$2.4M
Cap Rate 9%
$1,866,711
$1.9M
Market Conditions
NOI Build-Up for 10,130 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
$237.0K $23.40/SF
− Vacancy
−$13.0K −$1.29/SF
EGI
$224.0K $22.11/SF
− OpEx
−$56.0K −$5.53/SF
NOI
$168.0K $16.58/SF
Area
Brandon, FL
Vacancy
5.50%
Lease Rate
$23.40 /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%
$3,360,080
Cap Rate 7%
$2,400,057
Cap Rate 9%
$1,866,711
Alternative Uses
Best Use
Specialty Retail
$2.40M
$2.10M – $2.80M
NOI $168,004 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.81M
$3.33M – $4.45M
NOI $266,751 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,289
Businesses Nearby
169k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 23%
Groceries 18%
Apparel 11%
Thorntons
Shops & Services
37,808 visits/mo
0.4 miles
Culver's
Dining
29,604 visits/mo
0.3 miles
Aldi
Groceries
22,308 visits/mo
0.2 miles
Goodwill
Apparel
18,348 visits/mo
0.5 miles
Dollar Tree
Shops & Services
15,927 visits/mo
0.3 miles
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 Retail 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?
Conventional restaurant - CG-zoned restaurant property with direct Highway 60 frontage, on-site parking, and access from Ridgewood Avenue.
Where is this conventional restaurant located?
The property is located at 704 E BRANDON Boulevard Brandon, FL.
What is the asking price?
The asking price for this property is $5,499,000.
What are key features of this property?
This property features: Two adjoining restaurant properties at 704 E Brandon Boulevard and 706 E Brandon Boulevard; 1.16‑acre site with 5,409 square feet of gross building area; 4,890 heated square feet and seating for approximately 172 patrons
