Medical Office Space Near
For Sale
Contact for pricing
910 Oakfield Dr, Brandon, FL 33511
Spacious medical office building near HCA Florida Brandon Hospital.
Property Size10,920 SF
Price / SF$210.62
Days on Market670
Property Features for 910 Oakfield Dr
General Information
Standard status
Active
Size
10,920 SF
Class
B
Property subtype
Office
Zoning
CG
Building Details
Year Built
1985
Year Renovated
2019
Buildings
1
Stories
2
Units
1
Listing Agency:
Healthcare Realty Group
(408) 234-6049
Listed By:
Jenny Spencer · License #FL3285015
Source:
Crexi
Added: Oct 23, 2024
Changed: Aug 19
Last Checked: Aug 22 at 10:13AM
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 Healthcare Realty Group
Investment Insights
Based on property information with market context.
This 10,920-square-foot property is located within the medical community, near HCA Florida Brandon Hospital. Its location provides convenient access to the Selmon Expressway, downtown Tampa, surrounding neighborhoods, and major highways. The property is suited for medical offices, specialists, and healthcare-related businesses. The location in a high-traffic area ensures visibility and accessibility for patients and staff. The layout includes 3-4 separate suites, suitable for flexible usage, multi-specialty practices, shared offices, or solo practitioners. Each suite can accommodate exam rooms, consultation areas, waiting rooms, and administrative offices. A spacious parking lot provides dedicated spots for patients and staff. The property is located close to pharmacies, imaging centers, laboratories, and other essential medical services, and is surrounded by restaurants, cafes, and retail shops.
Key Highlights
- Prime location within the medical community and close to HCA Florida Brandon Hospital.
- 10,920 square feet of usable space, suitable for various medical practices.
- Convenient access to Selmon Expressway, downtown Tampa, and major highways.
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
$194,075
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
8.44%
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%
$3,881,500
$3.9M
Cap Rate 7%
$2,772,500
$2.8M
Cap Rate 9%
$2,156,389
$2.2M
Market Conditions
NOI Build-Up for 10,920 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
$317.1K $29.04/SF
− Vacancy
−$58.3K −$5.34/SF
EGI
$258.8K $23.70/SF
− OpEx
−$64.7K −$5.92/SF
NOI
$194.1K $17.77/SF
Area
Brandon, FL
Vacancy
18.40%
Lease Rate
$29.04 /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%
$3,881,500
Cap Rate 7%
$2,772,500
Cap Rate 9%
$2,156,389
Alternative Uses
Best Use
Office B
$2.77M
$2.43M – $3.23M
NOI $194,075 @ 7.0% cap · market cap 8.44%
Second Best
Healthcare Medical
$2.30M
$2.02M – $2.69M
NOI $161,336 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$4.11M
$3.59M – $4.79M
NOI $287,554 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,466
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 - Spacious medical office building near HCA Florida Brandon Hospital.
Where is this medical office space located?
The property is located at 910 Oakfield Dr Brandon, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Prime location within the medical community and close to HCA Florida Brandon Hospital.; 10,920 square feet of usable space, suitable for various medical practices.; Convenient access to Selmon Expressway, downtown Tampa, and major highways.
