Medical Office Redevelopment
807 South Kings Avenue Brandon, FL 33511
New
For Sale
Contact for pricing
Four contiguous parcels along a divided arterial offer 179± feet of frontage and existing improvements suitable for redevelopment.
Property Size5,080 SF
Lot Size1.97 Acres
Price / SF$442.91
Days on Market7
Property Features for 807 South Kings Avenue
General Information
Standard status
Active
Size
5,080 SF
Lot size
1.97 Acres
Property subtype
Office
Building Details
Year Built
1988
Listing Agency:
HomeTrust Realty Group - Riverview-Brandon
(813) 765-6145
Listed By:
Smiley Papenfus · License #3147984
Source:
Crexi
Added: Jul 24
Changed: Jul 28
Last Checked: Jul 28 at 4:06AM
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 HomeTrust Realty Group - Riverview-Brandon
Investment Insights
Based on property information with market context.
The offering consists of four contiguous parcels totaling 1.97± acres, with 807, 809, 811, and 815 S Kings Ave included in the sale. The assemblage includes one vacant parcel plus three existing houses built in 1978, 1988, and 1981. Approximate sizes provided include 1,720 SF living / 2,376 SF total, 1,088 SF living / 1,648 SF total, and 2,272 SF living / 2,312 SF total, along with a wide driveway providing access to the two rear parcels for flexibility in phased redevelopment or continued use of the existing improvements.
Located on Kings Avenue, a divided four-lane arterial with approximately 179± feet of frontage, the site benefits from an existing median opening and turn lanes for convenient access. The property is located approximately one mile from HCA Florida Brandon Hospital. Surrounding uses include established medical, dental, legal, and professional offices.
Hillsborough County’s Pre-Submittal Review process has been completed, with preliminary comments received from Zoning, the Planning Commission, and Transportation staff, providing early guidance for potential redevelopment. Buyers should independently verify all zoning, land use, development potential, governmental approvals, and measurements during due diligence.
Located on Kings Avenue, a divided four-lane arterial with approximately 179± feet of frontage, the site benefits from an existing median opening and turn lanes for convenient access. The property is located approximately one mile from HCA Florida Brandon Hospital. Surrounding uses include established medical, dental, legal, and professional offices.
Hillsborough County’s Pre-Submittal Review process has been completed, with preliminary comments received from Zoning, the Planning Commission, and Transportation staff, providing early guidance for potential redevelopment. Buyers should independently verify all zoning, land use, development potential, governmental approvals, and measurements during due diligence.
Key Highlights
- Four contiguous S Kings Ave parcels totaling 1.97± acres in Brandon’s established medical corridor.
- Approximately 179± feet of frontage on a divided four‑lane arterial with a median opening and turn lanes.
- Existing properties include three houses: 807 S Kings Ave (0.34± acres, vacant), 809 S Kings Ave (1978; 1,720 SF living/2,376 SF total), and 811 S Kings Ave (1988; 1,088 SF living/1,648 SF total).
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $147.5k | $29.04 |
| − Vacancy | −$27.1k | −$5.34 |
| EGI | $120.4k | $23.70 |
| − OpEx | −$30.1k | −$5.92 |
| NOI | $90.3k | $17.77 |
5,080 SF · lease $29.04/SF/yr · vacancy 18.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.50M
NOI $90,284 @ 7.0% cap · market cap 4.01%
Second Best
Healthcare Medical
$1.07M
$938.2K – $1.25M
NOI $75,054 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,771 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Four contiguous parcels along a divided arterial offer 179± feet of frontage and existing improvements suitable for redevelopment.
Where is this medical office space located?
The property is located at 807 South Kings Avenue Brandon, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Four contiguous S Kings Ave parcels totaling 1.97± acres in Brandon’s established medical corridor.; Approximately 179± feet of frontage on a divided four‑lane arterial with a median opening and turn lanes.; Existing properties include three houses: 807 S Kings Ave (0.34± acres, vacant), 809 S Kings Ave (1978; 1,720 SF living/2,376 SF total), and 811 S Kings Ave (1988; 1,088 SF living/1,648 SF total).
