10-Unit Strip
For Sale
$2,200,000
4211 E BUSCH Boulevard, Tampa, FL 33617
Commercial Sale, TAMPA, FL
Property Size8,492 SF
Lot Size0.50 Acres
Price / SF$259.07
Days on Market92
Property Features for 4211 E BUSCH Boulevard
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
CG
Subdivision
DRUID HILLS REV
Directions
Stay on I-275 N, take Exit 50, turn right onto E Busch Blvd. Drive east about 2-3 miles, its on the right.
Standard status
Active
APN
A-21-28-19-43N-000002-00004.0
Size
8,492 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DRUID HILLS RE-REVISED LOTS 4 5 9 AND 10 BLOCK 2 AND LESS SR 580 R/W
Tax Annual Amount
29753
Legal Description
DRUID HILLS RE-REVISED LOTS 4 5 9 AND 10 BLOCK 2 AND LESS SR 580 R/W
Utilities
Cooling system
Central Air
Building Details
Year built
1980
Building materials
Block, Stucco
Roof type
Metal, Shingle
Listing Agency:
HOME WISE REALTY GROUP, INC.
(407) 712-2000
Listed By:
Nhu Nguyen · License #3438353
(813) 812-4078
Added: Jun 10
Changed: Sep 2
Last Checked: Sep 9 at 11:06AM
MLS# TB8518021
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This strip mall contains approximately 8,492 square feet across 10 units, with 8 currently occupied and 2 vacant. The retail and office improvements were built in 1980 and feature block and stucco construction, central air, and a combination of metal and shingle roofing. The 0.5-acre property is zoned CG.
Located at 4211 E Busch Boulevard in Tampa, the center sits near Busch Gardens and is positioned along E Busch Blvd. Its configuration combines multiple commercial units with existing occupancy and available space within the same building. The property is in Hillsborough County, with a Tampa 33617 address.
Located at 4211 E Busch Boulevard in Tampa, the center sits near Busch Gardens and is positioned along E Busch Blvd. Its configuration combines multiple commercial units with existing occupancy and available space within the same building. The property is in Hillsborough County, with a Tampa 33617 address.
Key Highlights
- Approximately 8,492 SF across 10 units
- 8 occupied units and 2 vacant units
- 0.5‑acre site zoned CG
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$101,114
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,022,280
$2.0M
Cap Rate 7%
$1,444,486
$1.4M
Cap Rate 9%
$1,123,489
$1.1M
Market Conditions
NOI Build-Up for 8,492 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$152.9K $18.00/SF
− Vacancy
−$8.4K −$0.99/SF
EGI
$144.4K $17.01/SF
− OpEx
−$43.3K −$5.10/SF
NOI
$101.1K $11.91/SF
Area
Tampa, FL
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,022,280
Cap Rate 7%
$1,444,486
Cap Rate 9%
$1,123,489
Alternative Uses
Best Use
Retail
$1.44M
$1.26M – $1.69M
NOI $101,114 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,488 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Office units
80%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
823
Businesses Nearby
42k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 98%
Home Improvements & Furnishings 2%
Roses Discount Store
Shops & Services
10,743 visits/mo
0.5 miles
Mobil
Shops & Services
9,747 visits/mo
0.0 miles
Dollar General
Shops & Services
7,623 visits/mo
0.4 miles
Family Dollar
Shops & Services
7,548 visits/mo
0.4 miles
Value Pawn & Jewelry
Shops & Services
2,217 visits/mo
0.2 miles
Demographics for 33617, FL
48,267
Population
21,912
Households
2.2
Avg Household Size
33
Median Age
29%
College-Educated
89%
High-School Grad
8.8 sq mi
ZIP Area
5,485
Density / Sq Mi
$48,651
Median Household Income
$33,710
Median Earnings
$1,337
Median Rent
$267,200
Median Home Value
Market
Vacancy Rate% for Retail in Tampa, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - CG-zoned retail and office center with central air, block and stucco construction, and a mix of occupied and vacant suites.
Where is this strip mall located?
The property is located at 4211 E BUSCH Boulevard Tampa, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Approximately 8,492 SF across 10 units; 8 occupied units and 2 vacant units; 0.5‑acre site zoned CG
