523 Kings Ave Brandon, FL 33511
- Office buildings
- 2,860 SF
- 0.33 lot acres
Current Use by Public Records
- Office buildings
Property Details for 523 Kings Ave
- Year built
- 1962
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.33 lot acres
- Property size
- 2,860 SF
- Zone code
- PD
- Property type
- Office buildings
- APN
- U272920ZZZ000002655200
- APU
- U272920ZZZ000002655200
Description
This 8,500 square foot vacant medical office building in Brandon, Florida, is situated on a 0.79-acre lot and presents a compelling investment opportunity. Priced at $1,495,000 ($175.88/SF), the property consists of two buildings constructed in 1962 and is zoned PD (Planned Development) by Hillsborough County. Utilities are provided by Hillsborough County (water/sewer) and Tampa Electric (electricity), while police and fire services are also provided by the county. The location offers exceptional visibility and is conveniently situated five minutes from HCA Florida Brandon Hospital and minutes from W. Brandon Blvd (SR 60). This prime location within a thriving medical community benefits from its proximity to significant ongoing development, including a large commercial development with retail, office, and hotel components, as well as substantial planned expansions in the surrounding area. The property's "as is" condition allows for various commercial uses, aligning with the area's development character. The surrounding Brandon area boasts a population of approximately 170,430 residents and includes several neighboring communities. Brandon Regional Hospital, a top-rated facility, is nearby, further enhancing the property's appeal. This presents a unique chance to acquire a strategically located asset in a rapidly growing market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $360,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $340,000
- 6.5%
- $350,000
- 7%
- $355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $320,000
- Geo Method
- $380,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $370,000
- Retail
- $380,000
- Mixed-Use
- $345,000
- Hospitality
- $390,000
- Educational
- $330,000
- Residential Income
- $370,000
- Energy
- $350,000
- Income-Based Land
- $305,000
- Food Service
- $300,000
Location Insight
- Map
- Local Demand
- City
- Brandon
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.2935
- Latitude
- 27.9309
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
