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    1375 Providence Rd Brandon, FL 33511-4885
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    Property profile & analytics

    1375 Providence Rd, Brandon, FL 33511-4885

    View on Map
    • Office buildings
    • 3,156 SF
    • 0.07 lot acres
    Off-Market
    Last Sale May 2, 2023
    $689,000
    Property ID
    US18-3031484
    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
    $655,000
    Show details
    Cap Rate Potential
    9.9%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Family First Life Tampa / Insurance Agency
    • Sire Consultant / Insurance Agency
    • Family First Life Hidden Gems / Financial Advisor / Insurance Agency
    • Major4Health / Insurance Agency

    Property Details for 1375 Providence Rd

    Year built
    2014
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.07 lot acres
    Zone code
    PD
    Property type
    Office buildings
    APN
    U33292096N000000000030
    APU
    U33292096N000000000030

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 2, 2023 $689,000 Florida Tenant Pro LLC Ffl Brandon LLC Warranty Deed $517k · Grow Financial FCU
    May 23, 2022 $585,000 Ffl Brandon LLC 1375 Providence LLC Warranty Deed $585k · Shawn Meaike
    Jul 27, 2020 — 1375 Providence LLC Shawn L Mealke Quit Claim Deed · related —
    Jun 22, 2020 $585,000 Shawn Meaike Paul W Holmberg Warranty Deed —
    Jul 1, 2013 $90,000 Paul W Holmberg Platinum Bank Warranty Deed $81k · Platinum Bank
    Jan 3, 2011 — Platinum Bk Mccullagh & Scott Dev Coc Trustees Deed · related —
    — — Holmberg,paul W & Tammy J — Loan Modification · related $386k · Platinum Bk
    — — Paul W Holmberg — Loan Modification · related $396k · Platinum Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $605,000
      ML approach
      $630,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $662,000
      Market price range: $412k - $806k
      AI Estimate
      $497,000
      Market price range: $289k - $630k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $610,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $770,000
      Change: +26% Conversion: Difficult
      RETAIL STORES
      $730,000
      Change: +19% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $665,000
      Change: +9% Conversion: Easy
      MEDICAL BUILDING
      $650,000
      Change: +7% Conversion: Easy
      AUTO REPAIR, GARAGE
      $595,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Brandon
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3171
    Latitude
    27.9141
    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
    $9,677
    $91,080
    $460,420
    $551,500
    -
    $91,080
    $460,420
    $551,500

    Comparable in this City

    • Value Estimation
      $1,325,000
      7,452 SF

      150 Bloomingdale Ave

      OFFICE BUILDING
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      View Details
    • Value Estimation
      $2,045,000
      8,208 SF

      616 Bloomingdale Ave

      OFFICE BUILDING
      616 Bloomingdale Ave, Brandon, FL 33511-8111
      View Details
    • Value Estimation
      $1,145,000
      7,954 SF

      605 Bloomingdale Ave

      PROFESSIONAL BUILDING
      605 Bloomingdale Ave, Brandon, FL 33511-8112
      View Details
    • Value Estimation
      $865,000
      5,094 SF

      902 Lumsden Rd

      OFFICE BUILDING
      902 Lumsden Rd, Brandon, FL 33511-8806
      View Details
    • Value Estimation
      $780,000
      3,136 SF

      1170 Nikki Vw Dr

      OFFICE BUILDING
      1170 Nikki Vw Dr, Brandon, FL 33511-4868
      View Details
    • Value Estimation
      $1,035,000
      4,164 SF

      1125 Nikki Vw Dr

      OFFICE BUILDING
      1125 Nikki Vw Dr, Brandon, FL 33511-4879
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,920 SF

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      Office building with 10,920 square feet of space.
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      View Details
    • $365,000

      Freestanding Brandon Commercial Office Building

      Commercial office building in Brandon with tenant in place.
      109 E Robertson St, Brandon, FL 33511
      View Details
    • New
      $365,000
      1,304 SF

      Freestanding Office Building with Parking

      Freestanding office building zoned CN, currently leased through September 2026 with modern HVAC and ample front and rear parking.
      109 E Robertson St, Brandon, FL 33511
      View Details
    • New
      $900,000
      2,530 SF

      Free-Standing Office Building

      Well-maintained office building with reception, private offices, conference room, and 14 dedicated parking spaces.
      329 Pauls Dr, Brandon, FL 33511
      View Details
    • New
      $360,000
      1,983 SF

      Brandon Medical Office Condo

      Turnkey medical office condo in established Brandon medical corridor.
      500 Vonderburg Dr, Brandon, FL 33511
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space For Rent

      Office space available for rent in Brandon, Florida.
      350 East Robertson St, Brandon, FL 33511
      View Details
    • Contact for pricing
      2,638 SF

      Renovated Office Building in Brandon

      Freestanding, newly renovated office building with fenced yard for rent.
      711 Lithia Pinecrest Rd, Brandon, FL 33511
      View Details
    • $22 SF/Yr

      Bowing Oak Medical Center

      Medical office building near HCA Brandon Regional Hospital.
      722 Bowing Oak Dr, Brandon, FL 33511
      View Details
    • Contact for pricing

      Medical Office Space For Rent

      Located in established medical corridor near Brandon Regional Hospital.
      517 Eichenfeld Dr, Brandon, FL 33511
      View Details
    • Contact for pricing

      Medical Office Space Available

      Medical office building with suites available for lease.
      722 Bowing Oak Dr, Brandon, FL 33511
      View Details
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    1375 Providence Rd
    Brandon, FL 33511-4885
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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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    1375 Providence Rd, Brandon, FL, 33511
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