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    1423 E Brandon Blvd Brandon, FL 33511
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    1423 E Brandon Blvd Brandon, FL 33511

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    • Individual retail properties
    • 10,868 SF
    • 1.69 lot acres
    For Sale
    $325,000
    View Listing →
    1423 E BRANDON BOULEVARD, BRANDON, FL 33511 For Sale
    $325,000
    10,010 SF

    1423 E BRANDON BOULEVARD, BRANDON, FL 33511

    Discount retail business with strong customer loyalty on major thoroughfare.

    1423 E Brandon Blvd, Brandon, FL 33511
    View Listing
    Property ID
    US18-4683874
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotbins / Department Store / Grocery & Convenience Store

    Property Details for 1423 E Brandon Blvd

    Year built
    2009
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.69 lot acres
    Property size
    10,868 SF
    Zone code
    PD
    Property type
    Individual retail properties
    APN
    U252920ZZZ000002604901
    APU
    U252920ZZZ000002604901

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $435,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $770,000
      Market price range: $319k - $970k

    • Alternative Use

      Use
      Estimation
      GYM, HEALTH SPA
      $595,000
      Current use
      RESTAURANT
      $985,000
      Change: +66% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $980,000
      Change: +65% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $965,000
      Change: +63% Conversion: Difficult
      MEDICAL BUILDING
      $940,000
      Change: +58% Conversion: Difficult
      RETAIL STORES
      $740,000
      Change: +25% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Brandon
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.2639
    Latitude
    27.9363
    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
    $33,535
    $761,127
    $1,223,670
    $1,984,797
    -
    $761,127
    $1,223,670
    $1,984,797

    Comparable in this City

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      28,176 SF

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      View Details
    • Value Estimation
      $1,165,000
      22,596 SF

      405 Beverly Blvd

      GYM, HEALTH SPA • 22,596 SF
      405 Beverly Blvd, Brandon, FL 33511-5507
      View Details
    • Value Estimation
      $645,000
      15,456 SF

      322 Brandon Town Ctr Dr

      GYM, HEALTH SPA • 15,456 SF
      322 Brandon Town Ctr Dr, Brandon, FL 33511-4774
      View Details
    • Value Estimation by Request
      6,385 SF

      514 Cor Dr

      GYM, HEALTH SPA • 6,385 SF
      514 Cor Dr, Brandon, FL 33511-5717
      View Details
    • Value Estimation
      $8,015,000
      56,918 SF

      903 Brandon Blvd

      GROCERY, SUPERMARKET • 56,918 SF
      903 Brandon Blvd, Brandon, FL 33511-4905
      View Details
    • Value Estimation
      $745,000
      3,088 SF

      202 Brandon Blvd

      CONVENIENCE STORE • 3,088 SF
      202 Brandon Blvd, Brandon, FL 33511-5104
      View Details

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      6,800 SF

      Town Center Retail Investment

      High-return retail space, prime location.
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      View Details
    • 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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    • $365,000
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      Freestanding Brandon Commercial Office Building

      Commercial office building in Brandon with tenant in place.
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    • $325,000
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      Established Retail Business Opportunity

      Discount retail business with strong customer loyalty on major thoroughfare.
      1423 E Brandon Blvd, Brandon, FL 33511
      View Details
    • Contact for pricing

      Lake Brandon Village Retail Center

      102,022 SF, 4-tenant center in Brandon, Florida.
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      1,280 SF

      142 S MOON AVENUE, BRANDON, FL 33511

      Storefront properties • 1,280 SF
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Power Center

      Retail space available in a Target-anchored power center.
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    • Contact for pricing
      1,697 SF

      Brandon, FL Turnkey Ready Space

      Prime commercial property in a bustling area of Brandon, Florida.
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      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
    • 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

    Property Visit Statistics

    • Visits by month
      14.0k
    • Visitors by month
      10.5k
    • Avg Time on site
      14 min
    View Listing
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    Brandon, FL 33511
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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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