Retail Shopping Center with
For Sale
Contact for pricing
1005 W BUSCH BLVD, Tampa, FL 33612
Retail shopping center with storefront tenancy and frontage on Busch Boulevard, featuring over 40 businesses.
Property Size23,512 SF
Price / SF$244.44
Days on Market123
Property Features for 1005 W BUSCH BLVD
General Information
Standard status
Active
Size
23,512 SF
Property subtype
Retail
Site & Location
Neighborhood
Historic Forest Hills Community Association, Inc.
Taxes and HOA fees
Annual Taxes
$55,405
Building Details
Building Size
23,512 SF
Year Built
1987
Tenancy
Multi
Listing Agency:
HOME WISE REALTY GROUP, INC.
Listed By:
Nhu Nguyen · License #3438353
(813) 812-4078
Source:
Thefullerproperties
Added: Jun 24
Changed: Oct 21
Last Checked: Oct 23 at 3:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HOME WISE REALTY GROUP, INC.
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Investment Insights
Based on property information with market context.
1005 W Busch Boulevard is a retail shopping center offering approximately 18,000 SF of storefront space. The property has a tenant roster of over 40 businesses, creating a multi-tenant retail environment.
The center is positioned with frontage on Busch Boulevard and described as having easy access and strong visibility. The property is surrounded by established neighborhoods as well as major retailers, medical facilities, and employment centers, supporting a built-in consumer base. The suite layout is described as flexible for a variety of retail, service, office, and professional uses.
The center is positioned with frontage on Busch Boulevard and described as having easy access and strong visibility. The property is surrounded by established neighborhoods as well as major retailers, medical facilities, and employment centers, supporting a built-in consumer base. The suite layout is described as flexible for a variety of retail, service, office, and professional uses.
Key Highlights
- Retail shopping center with storefront tenancy and frontage on W Busch Blvd (city street).
- Building area totals 23,512 SF with 1 building and 2 total stories.
- Lot size is 1.18 acres (1.1782).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$214,326
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,286,520
$4.3M
Cap Rate 7%
$3,061,800
$3.1M
Cap Rate 9%
$2,381,400
$2.4M
Market Conditions
NOI Build-Up for 18,000 SF
Gross rent
$324.0K $18.00/SF
− Vacancy
−$17.8K −$0.99/SF
EGI
$306.2K $17.01/SF
− OpEx
−$91.9K −$5.10/SF
NOI
$214.3K $11.91/SF
Area
ZIP 33612
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 Rate 5%
$4,286,520
Cap Rate 7%
$3,061,800
Cap Rate 9%
$2,381,400
Alternative Uses
Best Use
Retail
$3.06M
$2.68M – $3.57M
NOI $214,326 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.10M
$3.59M – $4.78M
NOI $287,021 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,431
Businesses Nearby
10k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 14%
Citgo
Shops & Services
8,488 visits/mo
0.1 miles
Pizza Hut
Dining
1,354 visits/mo
0.0 miles
Demographics for 33612, FL
49,452
Population
21,228
Households
2.3
Avg Household Size
34
Median Age
18%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
4,995
Density / Sq Mi
$43,919
Median Household Income
$32,724
Median Earnings
$1,259
Median Rent
$249,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Tampa, FL
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail shopping center with storefront tenancy and frontage on Busch Boulevard, featuring over 40 businesses.
Where is this shopping center located?
The property is located at 1005 W BUSCH BLVD Tampa, FL.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: Retail shopping center with storefront tenancy and frontage on W Busch Blvd (city street).; Building area totals 23,512 SF with 1 building and 2 total stories.; Lot size is 1.18 acres (1.1782).
