High Visibility Busch Blvd
For Sale
Contact for pricing
2250 E Busch Blvd, Tampa, FL 33612
Commercial building for sale with high visibility and ample parking.
Property Size5,220 SF
Lot Size2.23 Acres
Price / SF$325.65
Days on Market564
Property Features for 2250 E Busch Blvd
General Information
Standard status
Active
Size
5,220 SF
Lot size
2.23 Acres
Property subtype
Retail, Office, Hospitality
Listing Agency:
Andretta Properties
Listed By:
Bill Besselieu · License #FL
Source:
Crexi
Added: Feb 11, 2025
Changed: Aug 25
Last Checked: Aug 28 at 5:37PM
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 Andretta Properties
Investment Insights
Based on property information with market context.
This single-story commercial building, originally built in 1984, offers 5,220 square feet of space on a 2.23-acre lot. Constructed of concrete block with an average wall height of 10 feet, the property is zoned CG Commercial General and located in an Opportunity Zone. The property features two pylon signs and a large paved parking lot with over 130 spaces. The building is currently laid out for office use. Situated on East Busch Boulevard, the property benefits from high visibility and a traffic count of 53,500 AADT. Previously a restaurant and most recently an office, this location is near restaurants, housing, apartments, offices, shops, bars, and other entertainment venues. The property is located near Busch Gardens, Temple Terrace, the University of South Florida, and Interstate 275. Tampa Electric and City of Tampa provide utilities for water and sewer. Property taxes for 2024 were $23,488. This property is suitable for any retailer or office user seeking a location with good visibility and easy access.
Key Highlights
- High‑visibility location on Busch Blvd with 53,500 AADT
- Large parking lot with 130+ spaces in front and back of the building
- CG (Commercial General) zoning allows for a wide range of 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
$63,846
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
3.76%
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%
$1,276,920
$1.3M
Cap Rate 7%
$912,086
$912.1K
Cap Rate 9%
$709,400
$709.4K
Market Conditions
NOI Build-Up for 5,220 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
$112.8K $21.60/SF
− Vacancy
−$27.6K −$5.29/SF
EGI
$85.1K $16.31/SF
− OpEx
−$21.3K −$4.08/SF
NOI
$63.8K $12.23/SF
Area
ZIP 33612
Vacancy
24.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,276,920
Cap Rate 7%
$912,086
Cap Rate 9%
$709,400
Alternative Uses
Best Use
Office B
$912.1K
$798.1K – $1.06M
NOI $63,846 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,236 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Explore this area
Business Placement
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 Office in Tampa, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Commercial building for sale with high visibility and ample parking.
Where is this office building located?
The property is located at 2250 E Busch Blvd Tampa, FL.
What is the asking price?
The asking price for this property is $1,699,900.
What are key features of this property?
This property features: High‑visibility location on Busch Blvd with 53,500 AADT; Large parking lot with 130+ spaces in front and back of the building; CG (Commercial General) zoning allows for a wide range of uses
