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Property profile & analytics
OFF-MARKET
Estimated value
$3,200,000
Office buildings
223 Morrison Rd Brandon, FL 33511-4835
Individually Owned
3-yr Hold
Free & Clear
Property ID
US18-7846519
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,170 SF
Lot
2.59 ac (112,606 SF)
Zoning code
BMS-NS
APN
U282920ZZZ000002680000
UPID
US18-7846519
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.20M
Owner & transaction history
Suncoast Community Health Centers I · 3 yrs held
Suncoast Community Health Centers I
since 2022
Last sale
$3.3M
6 recorded transactions
Zoning & alternative use
BMS-NS · Brandon, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.0M
+151.4%
Apartment house (5+ units)
$2.2M
+82.4%
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
$3,095,000
ML approach
$3,205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,000,000
Change: +151% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,175,000
Change: +82% · Conversion: Easy
Blend value · Realmo final
$3.20M
Range $2.88M – $3.52M · ±10% · vs last sale $3.25M (Nov 1 2022)
Last sale anchor
$3.25M
Nov 1 2022
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
$519 / 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
$54,027
Tax year 2023
Assessed value
$2,677,900
Assessed 2023
Previous assessed
$1,916,472
+39.7% YoY
Effective rate
2.02%
On assessed value
Assessed land
$1,300,599
Assessed improvement
$1,377,301
Land market value
$1,300,599
Improvement market value
$1,377,301
Total market value
$2,677,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
2
Total area
6,170 SF
Lot
2.59 ac (112,606 SF)
Zoning code
BMS-NS
APN
U282920ZZZ000002680000
UPID
US18-7846519
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
BMS-NS · Brandon, FL
Zoning BMS-NS · permitted uses
BMS-NS · Brandon, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brandon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
2.59 ac
Current owner
From public records · entity-resolved
Suncoast Community Health Centers I
Individual
Free & Clear · 3 yrs held
Mailing address
313 S LAKEWOOD DR, BRANDON, FL 33511-2815
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2022
$3,250,000
Suncoast Community Health Centers I
Prison Rehab Industries & Diversifi
Warranty Deed
—
Jun 18, 2012
$1,125,000
Prison Rehabilitation Industri
Regions Bk
Grant Deed
—
Jul 8, 2011
$100
Regions Bk
Tuscany Oaks LLC Coc
Trustees Deed
related
—
Apr 9, 2008
—
Tuscany Oaks LLC
Vandeboe,frank JR
Quit Claim Deed
related
$2,000,000 · Regions Bank
Jul 8, 2005
$385,000
Frank Vandeboe JR
D Michelle Porter
Warranty Deed
$308,000 · Bankatlantic
Jun 24, 1997
$20,300
Theodore W Porter
Porter,dennis R
Quit Claim 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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