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Property profile & analytics
OFF-MARKET
Estimated value
$9,115,000
Medical Office Space
2020 Town Ctr Blvd Brandon, FL 33511-2906
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-5525231
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,076 SF
Lot
2.37 ac (103,296 SF)
Zoning code
IPD-2
APN
U28292066U0000000001A0
UPID
US18-5525231
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Florida Medical Clinic Orlando Health - Multi Specialty Campus Medical Clinic
-
Florida Medical Clinic Orlando Health - Orthopaedics, Sports Medicine & Spine Medical Clinic
-
Florida Medical Clinic Orlando Health - Radiology Physician Medical Clinic
-
Erik Wells, APRN-BC Physician
-
Frederick M. Malibiran, DO Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.97M
CAP Approach
CAP
$5.47M
Comparable Approach
Comparable
$5.80M
Blend (final)
Blend
$9.12M
Owner & transaction history
2020 Town Center Blvd LLC · 5 yrs held
2020 Town Center Blvd LLC
since 2020
Last sale
$10.0M
5 recorded transactions
Zoning & alternative use
IPD-2 · Brandon, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.7M
+135.4%
Apartment house (5+ units)
$8.5M
+70.8%
Neighborhood: shopping center
$5.9M
+18.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Brandon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brandon submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$12,450,000
ML approach
$10,965,000
CAP Approach
CAP Return
Estimation
6%
$5,930,000
6.5%
$5,470,000
7%
$5,080,000
Alternative Use
Use
Estimation
RESTAURANT
$11,710,000
Change: +135% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,495,000
Change: +71% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$5,875,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$5,555,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$9.12M
Range $8.20M – $10.03M · ±10% · vs last sale $10.00M (Oct 2 2020)
Last sale anchor
$10.00M
Oct 2 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$379 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$90,512
Tax year 2023
Assessed value
$5,483,800
Assessed 2023
Previous assessed
$5,020,500
+9.2% YoY
Effective rate
1.65%
On assessed value
Assessed land
$1,745,711
Assessed improvement
$3,738,089
Land market value
$1,745,711
Improvement market value
$3,738,089
Total market value
$5,483,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
24,076 SF
Lot
2.37 ac (103,296 SF)
Zoning code
IPD-2
APN
U28292066U0000000001A0
UPID
US18-5525231
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
IPD-2 · Brandon, FLZoning IPD-2 · permitted uses
IPD-2 · Brandon, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$11.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.9M
RETAIL STORES
Est. value
$5.6M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
2.37 ac
Current owner
From public records · entity-resolved
2020 Town Center Blvd LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4500 DORR ST, TOLEDO, OH 43615-4040
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2020
$10,000,000
2020 Town Center Blvd LLC
Welltower INC
Grant Deed
—
Apr 4, 2018
$6,518,100
Welltower INC
Fmc Town Center LLC
Grant Deed
—
Nov 25, 2015
—
Fmc Town Center LLC
—
Trustees Deed
related
$4,450,000 · Branch Bk&tr
Apr 18, 2014
$2,050,000
Fmc Town Center LLC
Wells Fargo Bk NA 2004-1
Grant Deed
—
Sep 28, 2012
$100
Ge Business Loan Trust 2004-1
Bb Brandon Assocs LLC Coc
Trustees Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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