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    Property profile & analytics

    524 Limona Rd Brandon, FL 33510

    • Flex space
    • 4,800 SF
    • 2.73 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5435899
    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

    • Flex space

    Property Details for 524 Limona Rd

    Year built
    2022
    Lot size
    2.73 lot acres
    Property size
    4,800 SF
    Property type
    Flex space
    Property subtype
    Distribution centers

    Description

    This exceptional 4,800-square-foot industrial property in Brandon, Florida, presents a unique investment opportunity. Built in 2022, the property features a 121-square-foot office/parts room and a spacious 4,679-square-foot clear-span warehouse boasting 15.6'-18.4' clear height. The warehouse is equipped with 200 amps of single-phase power, skylights, LED lighting, and recently updated metal paneling and epoxy flooring. Loading is facilitated by three grade-level doors (two 14'h x 12'w, one 12'h x 14'w), a concrete loading area, and drive-thru capability. The property also includes a 704-square-foot house situated on a separate portion of the 2.73-acre lot. Recent improvements encompass a new commercial septic system, water well house, and a vinyl-coated chain link fence. The site, zoned RSC-6 in Hillsborough County, is cleared and mostly fenced. Its prime location is just 0.6 miles north of SR 60/Brandon Boulevard and 2 miles from I-75, offering excellent accessibility. This versatile property is ideal for a variety of uses, from storage and distribution to light manufacturing or even a unique live/work arrangement. The combination of modern warehouse space, a separate house, and ample land makes this a truly distinctive offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brandon
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.30489
    Latitude
    27.9471775

    Comparable in this City

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      Updated Office Building Near Highway

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    Similar Nearby for Sale

    • $806,400
      6,720 SF

      Conditioned Warehouse Flex Space

      Warehouse flex space with grade level loading doors in Brandon.
      2720 Broadway Center Blvd, Brandon, FL 33510
      View Details
    • $355,000

      Established Appliance Repair Business in Brandon, FL

      Profitable, Owner-Operated, Turnkey Opportunity
      Brandon, FL 33510
      View Details
    • $2,500,000
      18,119 SF

      Brandon Church Facility - Prime Location

      Large church campus, ample parking, ideal for expansion.
      1221 Victoria St, Brandon, FL 33510
      View Details
    • New
      $279,000
      1,144 SF

      Updated Duplex in Prime Location

      Income-producing duplex with modern updates and convenient access to amenities.
      110 Karde Ln, Brandon, FL 33510
      View Details
    • $925,000
      Pending

      Multi-Family Units in Gated Community

      Six well-maintained units in a gated community, near Brandon, FL.
      562 Golden Raintree Pl, Brandon, FL 33510
      View Details
    • New
      $439,900
      1,749 SF

      Updated Office Building Near Highway

      Move-in ready office building with excellent access to major routes.
      134 N Moon Ave, Brandon, FL 33510
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
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    • $13 SF/Yr
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      Flex Space Available For Rent

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      Retail Space in Brandon, FL

      Retail space available in Brandon, Hillsborough County, Florida.
      1250-1258 N Kingsway Rd, Brandon, FL 33510
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    • Contact for pricing
      1,400 SF

      Retail Space in Brandon, FL

      Retail space available for rent in Brandon, Florida.
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    • Contact for pricing
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      Brandon Retail Space For Lease

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    524 Limona Rd
    Brandon, FL 33510
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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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