505 Westbrook Ave Brandon, FL 33511-5315
- Office buildings
- 3,098 SF
- 0.50 lot acres
Current Use by Public Records
- Marlin Engineering, Inc. / Engineering Consultant
Property Details for 505 Westbrook Ave
- Year built
- 1958
- Construction
- WOOD
- Lot size
- 0.50 lot acres
- Property size
- 3,098 SF
- Zone code
- PD
- Property type
- Office buildings
- APN
- U2629202GD000000000100
- APU
- U2629202GD000000000100
Description
This exceptional two-story office building, totaling 2,930 square feet, presents a unique investment opportunity in Brandon, Florida. Situated on a desirable half-acre lot (0.5 acres) with mature trees, this property boasts a recently completed renovation, encompassing new restrooms, flooring, lighting, and a fresh coat of paint both inside and out. The building's design creates a welcoming and productive work environment, featuring a spacious reception area leading to a central kitchenette/breakroom. Two large open bullpen areas provide ample workspace, complemented by two private offices located on the second floor. Four restrooms are conveniently located throughout the building. A partially below-grade basement area with windows adds extra versatility. The roof was replaced in 2018, ensuring long-term structural integrity. The property's generous lot size allows for ample parking, accommodating over 20 vehicles. Its PD zoning and location just off Lithia Pinecrest Road and Highway 60, with easy access to I-4 and the Selmon Expressway, provide excellent visibility and convenient access to the bustling Brandon market and surrounding areas. The building is surrounded by other professional offices and residential properties, creating a desirable and established business environment. The asking price for this turnkey office building is $699,000. Lease options are also available, with terms negotiable.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $420,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $295,000
- 6.5%
- $295,000
- 7%
- $345,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $320,000
- Geo Method
- $345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $270,000
- Retail
- $300,000
- Mixed-Use
- $335,000
- Hospitality
- $285,000
- Educational
- $275,000
- Residential Income
- $300,000
- Energy
- $280,000
- Income-Based Land
- $255,000
- Food Service
- $295,000
Location Insight
- Map
- Local Demand
- City
- Brandon
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.2786
- Latitude
- 27.935
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
