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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    851 Lumsden Rd Brandon, FL 33511-6280

    • Assisted living facilities
    • 72,949 SF
    • 7.79 lot acres
    OFF-MARKET
    Last Sale
    Aug 09, 2021
    $10,185,000
    Value Estimations
    $10,000,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4696768
    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

    • Tranquil Touch Massage / Massage Therapist
    • Hawthorne Center for Rehabiliation and Healing of Brandon / Rehabilitation Center / Occupational Health Service
    • Hawthorne Center for Rehabilitation and Healing of Brandon / Rehabilitation Center / Retirement Community

    Property Details for 851 Lumsden Rd

    Year built
    1995
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.79 lot acres
    Property size
    72,949 SF
    Zone code
    PD
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    U342920ZZZ000002709300
    APU
    U342920ZZZ000002709300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,515,000
      ML approach
      $10,870,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,455,000
      Market price range: $8.46M - $16.7M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $11,715,000
      Current use
      RETAIL STORES
      $16,825,000
      Change: +44% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $15,365,000
      Change: +31% Conversion: Difficult
      MEDICAL BUILDING
      $15,070,000
      Change: +29% Conversion: Difficult
      OFFICE BUILDING
      $14,110,000
      Change: +20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Brandon
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.2986
    Latitude
    27.9218
    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
    $99,627
    $1,787,603
    $3,759,197
    $5,546,800
    -
    $1,787,603
    $3,759,197
    $5,546,800

    Comparable in this City

    • Value Estimation
      $1,010,000
      50,108 SF

      700 Kings Ave

      HOMES (RETIRED, NURSING) • 50,108 SF
      700 Kings Ave, Brandon, FL 33511-5925
      View Details
    • Value Estimation
      $3,345,000
      35,214 SF

      3918 Kings Ave

      HOMES (RETIRED, NURSING) • 35,214 SF
      3918 Kings Ave, Brandon, FL 33511-7749
      View Details
    • Value Estimation
      $965,000
      43,284 SF

      320 Lakewood Dr

      HOMES (RETIRED, NURSING) • 43,284 SF
      320 Lakewood Dr, Brandon, FL 33511-0809
      View Details
    • Value Estimation
      $1,125,000
      109,563 SF

      1320 Oakfield Dr

      HOMES (RETIRED, NURSING) • 109,563 SF
      1320 Oakfield Dr, Brandon, FL 33511-4860
      View Details
    • Value Estimation
      $2,900,000
      32,368 SF

      1819 Providence Rdg Blvd

      HOMES (RETIRED, NURSING) • 32,368 SF
      1819 Providence Rdg Blvd, Brandon, FL 33511-1899
      View Details
    • Value Estimation
      $1,480,000
      5,594 SF

      202 Beverly Blvd

      HOMES (RETIRED, NURSING) • 5,594 SF
      202 Beverly Blvd, Brandon, FL 33511-5504
      View Details

    Similar Nearby for Sale

    • $2,750,000
      10,920 SF

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      10,920 SF Medical Office Building
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    • $1,495,000
      8,500 SF

      Brandon Medical Office Opportunity

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    • Contact for pricing
      1.50 Acres

      Move-in Ready Medical Office Suite

      Functional 1,307 sqft medical office in established Brandon complex.
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      View Details
    • $699,999
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      Prime Brandon Medical Office Space

      Lakeview Office, 2,954 sq ft, $699,999
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    • $750,000

      Prime Buildable Parcel in Brandon

      1.23-acre parcel in high-demand area, ideal for development.
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      Estate Property with Development Potential

      Two-acre estate with home, garage, and development potential.
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    Similar Nearby for Lease

    • Contact for pricing
      48,922 SF

      Prime Medical Office Building in Brandon

      Spacious medical suites, ample parking.
      510 Vonderburg Dr, Brandon, FL 33511
      View Details
    • $22 SF/Yr
      1,697 SF

      Brandon, FL Office/Medical Space

      Office/Medical space with great visibility in Brandon, Florida.
      920 W Lumsden Rd, Brandon, FL 33511
      View Details
    • $15 SF/Yr
      4,244 SF

      Brandon Medical Office Suite for Lease

      1,450 SF Freestanding Medical Office
      533 Medical Oaks Ave, Brandon, FL 33511
      View Details
    • $22 SF/Yr
      20,400 SF

      Brandon Medical Office Building for Lease

      20,400 SF, Multiple Suites Available
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      View Details
    • Contact for pricing
      69,007 SF

      Lithia Square Retail Center

      Brandon, FL: Prime Retail Space Available
      901 Lithia Pinecrest Rd, Brandon, FL 33511
      View Details
    • $22 SF/Yr
      1,750 SF

      Brandon, FL First-Floor Office Space

      1,750 SF office space in Brandon, FL for rent.
      1602 Oakfield Dr, Brandon, FL 33511
      View Details
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    851 Lumsden Rd
    Brandon, FL 33511-6280
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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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