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    2016 Town Center Blvd Brandon, FL 33511

    Sponsored
    For Sale
    $3,500,000

    High-return retail space, prime location.

    Property size:
    6,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional fee-simple retail property, located at 2016 Town Center Blvd, Brandon, FL 33511, presents a lucrative investment opportunity. The 6,800 square foot building, situated on a 1.5-acre lot, boasts 119 parking spaces and is zoned C1, offering considerable flexibility for redevelopment. Originally built in 2005 and recently renovated in 2024, the property currently enjoys 100% occupancy, with a lease commencement date of June 1, 2023. The current net operating income (NOI) stands at $228,000, yielding an attractive 6.51% cap rate. The asking price is $3,500,000, translating to $514.71 per square foot. The property's history includes use as a restaurant and nightclub, making it ideal for a variety of redevelopment projects. Its convenient location near Crosstown and Brandon Mall ensures high visibility and accessibility. The property features one unit across a single story and includes two rent bumps. This is a multi-tenant property with a 100% occupancy rate as of February 1, 2023. The tenant has no credit rating.

    Property Features for 2016 Town Center Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,800 SF
    Lot Size
    65,340 SF

    Building Details

    Year Built/Renovated
    2005/2024
    Stories
    1
    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brandon
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.317323583796
    Latitude
    27.926300614705

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    FAQs

    What type of property is this?
    Individual retail property - High-return retail space, prime location.
    Where is this individual retail property located?
    The property is located at 2016 Town Center Blvd Brandon, FL.
    What is the asking price?
    The asking price for this property is $3,500,000.
    Request Owner's contact information
    2016 Town Center Blvd Brandon, FL 33511
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    Brandon, FL 33511
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2016 Town Center Blvd Brandon, FL 33511
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