Retail Shopping Center with
For Sale
$4,400,000
1005 W Busch Boulevard TAMPA, Tampa, FL 33612
Retail shopping center with storefront tenancy and frontage on Busch Boulevard, featuring over 40 businesses.
Property Size23,512 SF
Price / SF$187.14
Days on Market40
Property Features for 1005 W Busch Boulevard TAMPA
General Information
Standard status
Active
Size
23,512 SF
Zoning
PD
Taxes and HOA fees
Annual Taxes
$55,405
Amenities
2
true
1.1782
1.18
false
Asphalt,Concrete
Block,Slab
City Street
23512
1
Building Details
Building Size
23,512 SF
Year Built
1987
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
(904) 569-5862
Listed By:
Yordan Polanco
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 6
Changed: Aug 14
Last Checked: Aug 14 at 8:20AM
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 Yordan Polanco
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 = 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
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 - 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 Boulevard TAMPA 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).
