Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    715 Brandon Blvd Brandon, FL 33511-4901

    • Drug stores
    • 13,258 SF
    • 1.77 lot acres
    OFF-MARKET
    Value Estimations
    $2,220,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1838289
    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

    • CVS Photo / (Bike/Boat/Book/etc) Store
    • CVS Pharmacy / Pharmacy
    • CDReload - Online Bitcoin ATM / Crypto Atm / Atm
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • UPS Access Point location / Courier Service / Postal Service

    Property Details for 715 Brandon Blvd

    Year built
    2001
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.77 lot acres
    Property size
    13,258 SF
    Zone code
    CG
    Property type
    Drug stores
    APN
    U272920ZZZ000002655700
    APU
    U272920ZZZ000002655700

    Description

    This exceptional investment opportunity presents a single-tenant, absolute triple-net (NNN) leased CVS Pharmacy located at 715 W Brandon Blvd, Brandon, FL 33511, within the Tampa MSA. The property boasts a 10,856 square foot building on a 1.77-acre lot, built in 2001. The lease, commencing July 25, 2002, has a remaining term of approximately 3.2 years, with 10 option periods. The current lease expiration is January 31, 2028, offering a long-term commitment from a credit-rated corporate guarantor. The property enjoys 100% occupancy and generates a substantial net operating income (NOI) of $464,761, resulting in a 7.58% cap rate. The asking price is $6,131,411. This prime retail location benefits from high visibility on a signalized corner, serving a densely populated area with over 234,000 full-time residents within the trade area. Nearby amenities include numerous apartment complexes, Hillsborough Community College, Rasmussen University, HCA Florida Brandon Hospital, and several shopping centers, including Westfield Brandon Mall. The property's fee-simple ownership allows for depreciation benefits, and the location in Florida offers the advantage of no state income tax. This is a rare opportunity to acquire a high-quality, low-maintenance investment with a strong tenant and significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,165,000
      6.5%
      $2,920,000
      7%
      $2,715,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,350,000
      Market price range: $315k - $1.72M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,060,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $3,235,000
      Change: +6% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $2,790,000
      Change: -9% Conversion: Easy
      MEDICAL BUILDING
      $2,740,000
      Change: -10% Conversion: Difficult
      OFFICE BUILDING
      $2,565,000
      Change: -16% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,500,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Brandon
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.2945
    Latitude
    27.9371
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $44,152
    $1,446,262
    $1,031,038
    $2,477,300
    -
    $1,446,262
    $1,031,038
    $2,477,300

    Comparable in this City

    • Value Estimation
      $2,435,000
      16,626 SF

      909 Lumsden Rd

      DRUG STORE, PHARMACY • 16,626 SF
      909 Lumsden Rd, Brandon, FL 33511-6529
      View Details
    • Value Estimation
      $5,240,000
      17,216 SF

      128 Brandon Blvd

      DRUG STORE, PHARMACY • 17,216 SF
      128 Brandon Blvd, Brandon, FL 33511-5219
      View Details
    • Value Estimation
      $2,990,000
      17,938 SF

      930 Providence Rd

      DRUG STORE, PHARMACY • 17,938 SF
      930 Providence Rd, Brandon, FL 33511-8842
      View Details
    • Value Estimation
      $3,835,000
      13,604 SF

      1904 Lumsden Rd

      DRUG STORE, PHARMACY • 13,604 SF
      1904 Lumsden Rd, Brandon, FL 33511-8817
      View Details
    • Value Estimation
      $605,000
      9,309 SF

      1370 Oakfield Dr

      FINANCIAL BUILDING • 9,309 SF
      1370 Oakfield Dr, Brandon, FL 33511-4851
      View Details
    • Value Estimation
      $680,000
      15,414 SF

      300 Parsons Ave

      FINANCIAL BUILDING • 15,414 SF
      300 Parsons Ave, Brandon, FL 33511-5229
      View Details

    Similar Nearby for Sale

    • $3,500,000
      6,800 SF

      Town Center Retail Investment

      High-return retail space, prime location.
      2016 Town Center Blvd, Brandon, FL 33511
      View Details
    • Contact for pricing
      25,000 SF

      25,000 SF Retail Space Available

      25,000 SF retail space with high traffic count.
      610-640 E Brandon Blvd, Brandon, FL 33511
      View Details
    • $375,000
      1,304 SF

      Freestanding Brandon Office Building For Sale

      Commercial office building in the heart of Brandon, Florida.
      109 E Robertson St, Brandon, FL 33511
      View Details
    • $120,000

      Fusion Restaurant on High-Traffic Boulevard

      Unique Italian and Thai fusion restaurant for sale on Brandon Boulevard.
      2498 W Brandon Blvd, Brandon, FL 33511
      View Details
    • $699,000
      5,949 SF

      Brandon Retail Building - High ROI Potential

      Vacant Retail Space, Leased Apartment, Great Location
      425 Robertson St, Brandon, FL 33511
      View Details
    • $6,000,000
      5,240 SF

      Brandon Restaurant on Bustling Boulevard

      Turn-key restaurant opportunity with high visibility and ample parking.
      706 E Brandon Blvd, Brandon, FL 33511
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,697 SF

      Brandon, FL Turnkey Ready Space

      Prime commercial property in a bustling area of Brandon, Florida.
      926 W Lumsden Rd, Brandon, FL 33511
      View Details
    • Contact for pricing
      1,521 SF

      Retail Space in Valrico Center

      Retail space available in a community shopping center.
      3482-3490 Lithia Pinecrest Rd, Valrico, FL 33511
      View Details
    • $136,320

      Retail Space For Lease

      Retail space available for lease in Brandon, Florida.
      1041 W Brandon Blvd, Brandon, FL 33511
      View Details
    • New
      $3,900 /Mo
      1,800 SF

      Prime Retail or Office Space

      1800 SF retail/office space in the heart of Brandon.
      225 E Brandon Blvd, Brandon, FL 33511
      View Details
    • Contact for pricing

      Retail Space in Power Center

      Retail space available in a Target-anchored power center.
      187 Brandon Town Center Dr, Brandon, FL 33511
      View Details
    • $50,400

      Retail Space in Business District

      Large retail space in the heart of Brandon's business district.
      101 Margaret St, Brandon, FL 33511
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    715 Brandon Blvd
    Brandon, FL 33511-4901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!