505 Westbrook AveBrandon, FL 33511

Property Details for 505 Westbrook Ave

Year built

1958

Construction

WOOD

Lot size

0.50 AC

Property size (Sq ft)

3,098 SF

Zone code

PD

Property type

Office properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $639,593

  6.5%

  $590,394

  7%

  $548,223

• Comparable approach

  Method

  Valuation

  Relative Method

  $565,788

  Geo Method

  $565,788

• Alternative Use

  Use

  Valuation

  Residential

  $732,088

  Hospitality

  $670,589

  Educational

  $557,922

  Medical

  $577,110

  Retail

  $867,878

Location Insight

City

Brandon

County

Hillsborough

State

Florida

Latitude

27.935

Longitude

-82.2786

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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