Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1208 Parsons Ave Brandon, FL 33510-3114
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1208 Parsons Ave Brandon, FL 33510-3114

    View on Map
    • Office buildings
    • 2,448 SF
    • 0.31 lot acres
    Off-Market
    Property ID
    US19-0803409
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Delta Oil Co / Corporate Office

    Property Details for 1208 Parsons Ave

    Year built
    1979
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.31 lot acres
    Property size
    2,448 SF
    Zone code
    CN
    Property type
    Office buildings
    APN
    U152920ZZZ000002487300
    APU
    U152920ZZZ000002487300

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $775,000
      6.5%
      $715,000
      7%
      $665,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $619,000
      Market price range: $313k - $620k
      AI Estimate
      $460,000
      Market price range: $270k - $461k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $465,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $595,000
      Change: +29% Conversion: Difficult
      RETAIL STORES
      $565,000
      Change: +22% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $515,000
      Change: +11% Conversion: Easy
      MEDICAL BUILDING
      $490,000
      Change: +5% Conversion: Easy
      AUTO REPAIR, GARAGE
      $460,000
      Change: -0% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brandon
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.2863
    Latitude
    27.9586
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,411
    $113,050
    $335,350
    $448,400
    -
    $113,050
    $335,350
    $448,400

    Comparable in this City

    • Value Estimation by Request
      1,330 SF

      111 Pinewood Ave

      OFFICE BUILDING • 1,330 SF
      111 Pinewood Ave, Brandon, FL 33510-4632
      View Details
    • Value Estimation by Request
      3,290 SF

      106 Windhorst Rd

      OFFICE BUILDING • 3,290 SF
      106 Windhorst Rd, Brandon, FL 33510-2455
      View Details
    • Value Estimation by Request
      1,344 SF

      112 Windhorst Rd

      OFFICE BUILDING • 1,344 SF
      112 Windhorst Rd, Brandon, FL 33510-2429
      View Details
    • Value Estimation by Request
      1,423 SF

      108 Central Dr

      OFFICE BUILDING • 1,423 SF
      108 Central Dr, Brandon, FL 33510-4320
      View Details
    • Value Estimation by Request
      1,196 SF

      310 Hughes St

      OFFICE BUILDING • 1,196 SF
      310 Hughes St, Brandon, FL 33510-4412
      View Details
    • Value Estimation
      $530,000
      2,462 SF

      125 Moon Ave

      OFFICE BUILDING • 2,462 SF
      125 Moon Ave, Brandon, FL 33510-4431
      View Details

    Similar Nearby for Sale

    • $439,900
      Pending

      Well-Maintained Duplex in BRANDON, FL

      Fully occupied duplex with recent roof and A/C replacements.
      418 Big Cedar Way, Brandon, FL 33510
      View Details
    • $550,000
      3.00 Acres

      Brandon Vacant Land Opportunity

      3 acres of developable land approved for two single-family homes.
      1206 Fisher Ln, Brandon, FL 33510
      View Details
    • $806,400
      6,720 SF

      Conditioned Warehouse Flex Space

      Warehouse flex space with grade level loading doors in Brandon.
      2720 Broadway Center Blvd, Brandon, FL 33510
      View Details
    • $2,500,000
      18,119 SF

      Brandon Church Facility - Prime Location

      Large church campus, ample parking, ideal for expansion.
      1221 Victoria St, Brandon, FL 33510
      View Details
    • $355,000

      Established Appliance Repair Business in Brandon, FL

      Profitable, Owner-Operated, Turnkey Opportunity
      Brandon, FL 33510
      View Details

    Similar Nearby for Lease

    • $2,700 /Mo
      1,840 SF

      Brandon Office with Open Floorplan

      Versatile office space with open layout and fenced backyard.
      101 Emily Ln, Brandon, FL 33510
      View Details
    • $25 SF/Yr
      5,022 SF

      Brandon Medical/Professional Office Space

      Centrally located medical/professional office space in Brandon/Valrico, Florida.
      143 N Oakwood Ave, Brandon, FL 33510
      View Details
    • $12 SF/Yr

      Brandon/Valrico Medical/Professional Office Space

      Centrally located medical/professional office space in Brandon/Valrico on SR 60.
      143 N Oakwood Ave, Brandon, FL 33510
      View Details
    • $23 SF/Yr
      2,400 SF

      Brandon Medical/Professional Office Space

      Move-in ready office space in a convenient Brandon location.
      205 Ridgewood Ave, Brandon, FL 33510
      View Details
    • Contact for pricing

      Move-In Ready Medical Office Space

      Centrally located, renovated medical/professional office in Brandon/Valrico.
      143 N Oakwood Ave, Brandon, FL 33510
      View Details
    • Contact for pricing
      1,607 SF

      Brandon, FL Office/Medical Space

      Office or medical space for lease in Brandon, Florida.
      213 Kingsway Rd, Brandon, FL 33510
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1208 Parsons Ave
    Brandon, FL 33510-3114
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!