Value-Add Retail-Office Strip
For Sale
$2,200,000
4211 E Busch Boulevard A TAMPA, Tampa, FL 33617
Strip center with 10 units, 8 occupied and 2 vacant, offering retail/office space and owner-user flexibility.
Property Size9,650 SF
Price / SF$259.07
Days on Market44
Property Features for 4211 E Busch Boulevard A TAMPA
General Information
Standard status
Active
Size
9,650 SF
Zoning
CG
Occupancy
80%
Taxes and HOA fees
Annual Taxes
$29,753
Amenities
true
21926
0.5
false
Asphalt,Concrete
Slab
City Street
9650
1
Building Details
Building Size
9,650 SF
Year Built
1980
Buildings
1
Tenancy
Multi
Listing Agency:
(904) 569-5862
Listed By:
Martina Jordan
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 5
Changed: Aug 15
Last Checked: Aug 16 at 3:14AM
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 Martina Jordan
Investment Insights
Based on property information with market context.
4211 E Busch Boulevard A is a value-add retail/office strip center configured with 10 individual units, totaling approximately 8,492 square feet. The center is currently 8 units occupied and 2 units vacant, creating immediate income while also offering lease-up and/or owner-occupancy flexibility.
The property is located on E Busch Blvd in a high-traffic Tampa corridor near Busch Gardens, with visibility and a mix of surrounding residential and commercial demand noted in the remarks. Pro forma income after lease-up is estimated at about $201,821 annually, supporting the stated value-add upside for investors and end users.
The property is located on E Busch Blvd in a high-traffic Tampa corridor near Busch Gardens, with visibility and a mix of surrounding residential and commercial demand noted in the remarks. Pro forma income after lease-up is estimated at about $201,821 annually, supporting the stated value-add upside for investors and end users.
Key Highlights
- Single‑building retail/office strip center built in 1980 on a 0.5‑acre lot
- Total building area of 9,650 SF with 10 units: 8 occupied and 2 vacant
- Located on E Busch Blvd with city street frontage and asphalt/concrete road surface
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
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
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Frequently Asked Questions
What type of property is this?
Strip mall - Strip center with 10 units, 8 occupied and 2 vacant, offering retail/office space and owner-user flexibility.
Where is this strip mall located?
The property is located at 4211 E Busch Boulevard A TAMPA 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: Single‑building retail/office strip center built in 1980 on a 0.5‑acre lot; Total building area of 9,650 SF with 10 units: 8 occupied and 2 vacant; Located on E Busch Blvd with city street frontage and asphalt/concrete road surface
