Multi-Tenant Shopping
For Sale
$4,400,000
1005 W BUSCH Boulevard, Tampa, FL 33612
Commercial Sale, TAMPA, FL
Property Size23,512 SF
Lot Size1.18 Acres
Price / SF$187.14
Days on Market77
Property Features for 1005 W BUSCH Boulevard
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
PD
Subdivision
TAMPAS NORTH SIDE COUNTRY CLU
Directions
From I-275 take Exit 50, turn right on W Busch Blvd. Turn right onto FL-580 W/E Busch Blvd, turn right onto N Edison Ave. Turn left and destination will be on the right
Standard status
Active
APN
A-23-28-18-3DN-000014-00005.0
Size
23,512 SF
Lot size
1.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TAMPA'S NORTH SIDE COUNTRY CLUB AREA UNIT NO 1 SOUTHGATE PT OF BLK 14 AND VAC ST DESC AS COM AT SE COR OF BLK 14 THN W 250.05 FT TO SW COR OF LOT 5 THN N 259.77 FT TO NW COR OF LOT 32 THN E 120.64 FT TO A PT 47.57 FT W OF N EDISON AVE THN S 03 DEG W 86.46 FT THN S 86 DEG 39 MIN E 102.48 FT TO N EDISON AVE THN SELY ALG SD AVE AN ARC DIST OF 171.52 FT TO POB
Tax Annual Amount
55405
Legal Description
TAMPA'S NORTH SIDE COUNTRY CLUB AREA UNIT NO 1 SOUTHGATE PT OF BLK 14 AND VAC ST DESC AS COM AT SE COR OF BLK 14 THN W 250.05 FT TO SW COR OF LOT 5 THN N 259.77 FT TO NW COR OF LOT 32 THN E 120.64 FT TO A PT 47.57 FT W OF N EDISON AVE THN S 03 DEG W 86.46 FT THN S 86 DEG 39 MIN E 102.48 FT TO N EDISON AVE THN SELY ALG SD AVE AN ARC DIST OF 171.52 FT TO POB
Utilities
Cooling system
Central Air
Building Details
Year built
1987
Floors in Building
2
Building materials
Block, Stucco
Listing Agency:
HOME WISE REALTY GROUP, INC.
(407) 712-2000
Listed By:
Nhu Nguyen · License #3438353
(813) 812-4078
Added: Jun 23
Changed: Aug 24
Last Checked: Sep 7 at 8:06AM
MLS# TB8522502
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 shopping center at 1005 W Busch Boulevard is a multi-tenant retail property with more than 40 businesses operating across a flexible suite layout. The configuration accommodates retail, service, office, and professional uses. Block-and-stucco construction, central air, and a 1987 construction date provide the principal physical attributes identified for the building. The property occupies 1.18 acres and carries PD zoning.
Frontage along W Busch Boulevard, direct access, and visibility support customer-oriented commercial occupancy. The surrounding context includes established neighborhoods, major retailers, medical facilities, and employment centers in Tampa. The combination of diversified occupancy and adaptable suites gives the center a broad commercial format without limiting the property to a single retail use.
Frontage along W Busch Boulevard, direct access, and visibility support customer-oriented commercial occupancy. The surrounding context includes established neighborhoods, major retailers, medical facilities, and employment centers in Tampa. The combination of diversified occupancy and adaptable suites gives the center a broad commercial format without limiting the property to a single retail use.
Key Highlights
- More than 40 businesses occupy the shopping center
- 1.18‑acre property with PD zoning
- Flexible suites support retail, service, office, and professional uses
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
$279,957
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
6.36%
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%
$5,599,140
$5.6M
Cap Rate 7%
$3,999,386
$4.0M
Cap Rate 9%
$3,110,633
$3.1M
Market Conditions
NOI Build-Up for 23,512 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
$423.2K $18.00/SF
− Vacancy
−$23.3K −$0.99/SF
EGI
$399.9K $17.01/SF
− OpEx
−$120.0K −$5.10/SF
NOI
$280.0K $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 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%
$5,599,140
Cap Rate 7%
$3,999,386
Cap Rate 9%
$3,110,633
Alternative Uses
Best Use
Retail
$4.00M
$3.50M – $4.67M
NOI $279,957 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.36M
$4.69M – $6.25M
NOI $374,913 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Tampa, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - Block-and-stucco retail center with central air, flexible suites, and more than 40 businesses.
Where is this shopping center located?
The property is located at 1005 W BUSCH Boulevard 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: More than 40 businesses occupy the shopping center; 1.18‑acre property with PD zoning; Flexible suites support retail, service, office, and professional uses
