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    Property profile & analytics

    128 Brandon Blvd Brandon, FL 33511-5219

    • Drug stores
    • 17,216 SF
    • 1.55 lot acres
    OFF-MARKET
    Last Sale
    Dec 02, 2022
    $5,600,000
    Value Estimations
    $4,635,000
    Show details
    Cap Rate Potential
    5.3%
    Drug stores
    Location Intelligence
    Property ID
    US18-2860698
    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

    • Laura Jones / Nurse Practitioner
    • Western Union / Money Transfer Service
    • Kristin Stip / Pharmacy
    • Fade Zelaya / Pharmacy
    • Aaron Hong / Pharmacy

    Property Details for 128 Brandon Blvd

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.55 lot acres
    Property size
    17,216 SF
    Zone code
    CG
    Property type
    Drug stores
    APN
    U232920ZZZ000002586901
    APU
    U232920ZZZ000002586901

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,640,000
      ML approach
      $5,035,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,110,000
      6.5%
      $3,795,000
      7%
      $3,525,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,331,000
      Market price range: $1.78M - $5.51M

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

    Location Insight

    • Map
    • Local Demand
    City
    Brandon
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.2851
    Latitude
    27.9381
    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
    $51,439
    $1,267,331
    $1,626,869
    $2,894,200
    -
    $1,267,331
    $1,626,869
    $2,894,200

    Comparable in this City

    • Value Estimation
      $4,270,000
      13,604 SF

      1904 Lumsden Rd

      DRUG STORE, PHARMACY • 13,604 SF
      1904 Lumsden Rd, Brandon, FL 33511-8817
      View Details
    • Value Estimation
      $425,000
      16,626 SF

      909 Lumsden Rd

      DRUG STORE, PHARMACY • 16,626 SF
      909 Lumsden Rd, Brandon, FL 33511-6529
      View Details
    • Value Estimation
      $480,000
      17,938 SF

      930 Providence Rd

      DRUG STORE, PHARMACY • 17,938 SF
      930 Providence Rd, Brandon, FL 33511-8842
      View Details
    • Value Estimation
      $370,000
      13,258 SF

      715 Brandon Blvd

      DRUG STORE, PHARMACY • 13,258 SF
      715 Brandon Blvd, Brandon, FL 33511-4901
      View Details
    • Value Estimation
      $390,000
      7,428 SF

      1225 Millennium Pkwy

      FINANCIAL BUILDING • 7,428 SF
      1225 Millennium Pkwy, Brandon, FL 33511-3894
      View Details
    • Value Estimation
      $470,000
      16,333 SF

      926 Providence Rd

      GROCERY, SUPERMARKET • 16,333 SF
      926 Providence Rd, Brandon, FL 33511-8842
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,000 SF

      25,000 SF Retail Space Available

      25,000 SF retail space with high traffic count.
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    • $3,500,000
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      Town Center Retail Investment

      High-return retail space, prime location.
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      Brandon Retail Building - High ROI Potential

      Vacant Retail Space, Leased Apartment, Great Location
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    • $6,000,000
      4,890 SF

      Brandon Restaurant on Bustling Boulevard

      Restaurant property with frontage on Brandon Boulevard, offered with adjacent property.
      704 E Brandon Blvd, Brandon, FL 33511
      View Details
    • $6,000,000
      5,240 SF

      Brandon Restaurant Opportunity on Highway 60

      Turn-key restaurant with frontage on Brandon Boulevard (Highway 60).
      706 E Brandon Blvd, Brandon, FL 33511
      View Details
    • $120,000

      Fusion Restaurant on High-Traffic Boulevard

      Unique Italian and Thai fusion restaurant for sale on Brandon Boulevard.
      2498 W Brandon Blvd, Brandon, FL 33511
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      1,697 SF

      Brandon, FL Turnkey Ready Space

      Prime commercial property in a bustling area of Brandon, Florida.
      926 W Lumsden Rd, Brandon, FL 33511
      View Details
    • Contact for pricing
      1,521 SF

      Retail Space in Valrico Center

      Retail space available in a community shopping center.
      3482-3490 Lithia Pinecrest Rd, Valrico, FL 33511
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Power Center

      Retail space available in a Target-anchored power center.
      215-235 Brandon Town Center Dr, Brandon, FL 33511
      View Details
    • Contact for pricing
      3,150 SF

      Retail Space For Rent

      3,150 square foot retail space available for lease.
      3210 Lithia Pinecrest Rd, Valrico, FL 33511
      View Details
    • $15 SF/Yr
      1,200 SF

      Retail Space on Brandon Boulevard

      Move-in ready retail space with ample parking available for rent.
      1011-1015 E Brandon Blvd, Brandon, FL 33511
      View Details
    • $3,900 /Mo
      1,800 SF

      Prime Retail/Office Space in Brandon

      1800 SF retail/office space in the heart of Brandon.
      225 E Brandon Blvd, Brandon, FL 33511
      View Details
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    128 Brandon Blvd
    Brandon, FL 33511-5219
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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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