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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1602 Oakfield Dr Brandon, FL 33511-0827

    • Strip malls
    • 16,320 SF
    • 0.82 lot acres
    OFF-MARKET
    Value Estimations
    $2,195,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1375317
    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

    • Florida Medical Clinic Psychiatry / Mental Health Service / Holistic Medicine Practitioner
    • Stephanie Symonds, APRN, PMHNP-BC / Nurse Practitioner
    • Advance Behavior Support LLC / Mental Health Service
    • Natural Healing of Tampa Bay / Chiropractor
    • Ideal Image Brandon / Medical Spa / Laser Hair Removal Service

    Property Details for 1602 Oakfield Dr

    Year built
    2003
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.82 lot acres
    Property size
    16,320 SF
    Zone code
    PD
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    U282920ZZZ000002677401
    APU
    U282920ZZZ000002677401

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,435,000
      MEDICAL BUILDING
      $3,370,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Brandon
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3096
    Latitude
    27.9347
    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
    $32,958
    $365,994
    $1,496,406
    $1,862,400
    -
    $365,994
    $1,496,406
    $1,862,400

    Comparable in this City

    • Value Estimation
      $2,305,000
      18,123 SF

      206 Oakfield Dr

      SHOPPING CENTER, STRIP CENTER • 18,123 SF
      206 Oakfield Dr, Brandon, FL 33511-5707
      View Details
    • Value Estimation
      $4,235,000
      30,300 SF

      644 Oakfield Dr

      SHOPPING CENTER, STRIP CENTER • 30,300 SF
      644 Oakfield Dr, Brandon, FL 33511-5715
      View Details
    • Value Estimation
      $1,225,000
      9,296 SF

      102 Robertson St

      SHOPPING CENTER, STRIP CENTER • 9,296 SF
      102 Robertson St, Brandon, FL 33511-5112
      View Details
    • Value Estimation
      $8,280,000
      72,197 SF

      702 Lumsden Rd

      SHOPPING CENTER, STRIP CENTER • 72,197 SF
      702 Lumsden Rd, Brandon, FL 33511-6260
      View Details
    • Value Estimation
      $7,455,000
      14,815 SF

      11381 Cswy Blvd

      SHOPPING CENTER, STRIP CENTER • 14,815 SF
      11381 Cswy Blvd, Brandon, FL 33511-2904
      View Details
    • Value Estimation
      $2,125,000
      11,672 SF

      853 Lithia Pinecrest Rd

      SHOPPING CENTER, STRIP CENTER • 11,672 SF
      853 Lithia Pinecrest Rd, Brandon, FL 33511-6193
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Lake Brandon Village Retail Center

      102,022 SF, 4-tenant center in Brandon, Florida.
      11335 Causeway Blvd, Brandon, FL 33511
      View Details
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      Brandon Retail Building - High ROI Potential

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    • $6,000,000
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      Brandon Restaurant on Bustling Boulevard

      Restaurant property with frontage on Brandon Boulevard, offered with adjacent property.
      704 E Brandon Blvd, Brandon, FL 33511
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    • $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
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    • Contact for pricing
      25,000 SF

      25,000 SF Retail Space Available

      25,000 SF retail space with high traffic count.
      610-640 E Brandon Blvd, Brandon, FL 33511
      View Details
    • $3,500,000
      6,800 SF

      Town Center Retail Investment

      High-return retail space, prime location.
      2016 Town Center Blvd, Brandon, FL 33511
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,086 SF

      Retail Space Anchored by Publix

      Retail space available in Valrico, anchored by Publix.
      1901-1999 E Brandon Blvd, Valrico, FL 33511
      View Details
    • Contact for pricing
      750 SF

      Retail Space in Lithia Square

      Neighborhood shopping center anchored by Walmart Neighborhood Market.
      901-927 Lithia Pinecrest Rd, Brandon, FL 33511
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in Brandon Center

      Retail property in a high-density area near Tampa.
      11381-11385 Causeway Blvd, Brandon, FL 33511
      View Details
    • $30 SF/Yr
      36,000 SF

      Brandon Crossroads Retail Center

      High-traffic retail space in Brandon, FL
      2050 Badlands Dr, Brandon, FL 33511
      View Details
    • Contact for pricing

      Retail Space Near Brandon Mall

      15,652 SF retail space near Brandon Exchange Mall.
      328 Brandon Town Center Dr, 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
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    1602 Oakfield Dr
    Brandon, FL 33511-0827
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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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