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    Property profile & analytics

    122 Ridgewood Ave Brandon, FL 33510

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5034543
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 122 Ridgewood Ave

    Property type
    Commercial real estate
    APN
    069388-0100

    Description

    This exceptional 0.59-acre commercial land parcel, located at 122 Ridgewood Ave, Brandon, FL 33510 (APN 069388-0100), presents a unique investment opportunity. Zoned BPO within Hillsborough County, this property boasts a significant advantage: a cell tower generating income from an FM radio station. The substantial lot size of 25,916 square feet offers considerable development potential, aligning perfectly with the existing BPO zoning. The current income stream from the cell tower provides a stable return on investment, while the expansive lot size allows for future expansion or development projects. This property is priced competitively at $375,000, offering a compelling blend of immediate income and long-term growth potential. Its prime location in Brandon, Florida, ensures easy access to major transportation routes and a thriving local economy. Serious inquiries are encouraged to explore this lucrative investment opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brandon
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.275556086553
    Latitude
    27.939274362305

    Comparable in this City

    • $499,000

      Land Available for Sale

      Land available for sale in Brandon, Florida.
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    • $550,000
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      Brandon Vacant Land Opportunity

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    • $355,000

      Established Appliance Repair Business in Brandon, FL

      Profitable, Owner-Operated, Turnkey Opportunity
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      Brandon Church Facility - Prime Location

      Large church campus, ample parking, ideal for expansion.
      1221 Victoria St, Brandon, FL 33510
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    • New
      $279,000
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      Updated Duplex in Prime Location

      Income-producing duplex with modern updates and convenient access to amenities.
      110 Karde Ln, Brandon, FL 33510
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    • $890,000
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      Brandon Multifamily Investment Opportunity

      Six-unit complex, high occupancy, great location.
      131 Moon Ave, Brandon, FL 33510
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    Similar Nearby for Sale

    • $499,000

      Land Available for Sale

      Land available for sale in Brandon, Florida.
      128 N Montclair Ave, 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
    • $355,000

      Established Appliance Repair Business in Brandon, FL

      Profitable, Owner-Operated, Turnkey Opportunity
      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
    • New
      $279,000
      1,144 SF

      Updated Duplex in Prime Location

      Income-producing duplex with modern updates and convenient access to amenities.
      110 Karde Ln, Brandon, FL 33510
      View Details
    • $449,900
      1,834 SF

      Brandon Duplex: Income Property Opportunity

      Well-maintained, fully occupied duplex in Brandon, Florida. New roof!
      418 Big Cedar Way, Brandon, FL 33510
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    Similar Nearby for Lease

    • $13 SF/Yr
      3,220 SF

      Flex Space Available For Rent

      Flex space units available for lease in Brandon, Florida.
      2830 Broadway Center Blvd, Brandon, FL 33510
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      1,607 SF

      Brandon, FL Office/Medical Space

      Office or medical space for lease in Brandon, Florida.
      213 Kingsway Rd, Brandon, FL 33510
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    • $12 SF/Yr
      1,000 SF

      Retail Space in Brandon, FL

      Retail space available in Brandon, Hillsborough County, Florida.
      1250-1258 N Kingsway Rd, Brandon, FL 33510
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Brandon, FL

      Retail space available for rent in Brandon, Florida.
      1213 Kingsway Rd, Brandon, FL 33510
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    • Contact for pricing
      860 SF

      Brandon Retail Space For Lease

      Retail suites available in a power center near I-75.
      2420-2496 Brandon Park Cir, Brandon, FL 33510
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    • $13 SF/Yr
      3,220 SF

      Flex Space Available For Rent

      Flex space units available for rent in Brandon, Florida.
      2738 Broadway Center Blvd, Brandon, FL 33510
      View Details
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    122 Ridgewood Ave
    Brandon, FL 33510
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    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
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