Tampa Office Building For
For Sale
$789,000
1302 W BUSCH BLVD, Tampa, FL 33612
3,025 SF office building suitable for owner-user or investor.
Property Size3,025 SF
Price / SF$260.83
Days on Market188
Property Features for 1302 W BUSCH BLVD
General Information
Standard status
Active
Size
3,025 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$413
Building Details
Building Size
3,025 SF
Year Built
1974
Listing Agency:
A.L. COMMERCIAL, INC.
Listed By:
Nathan Gennara · License #3376111
(813) 242-6464
Source:
Judibeck
Added: Mar 10
Changed: Sep 5
Last Checked: Sep 12 at 7:57AM
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 A.L. COMMERCIAL, INC.
Investment Insights
Based on property information with market context.
The property at 1301 W Busch Blvd is a 3,025 square foot office building. The building's current layout includes a reception area, six private offices, two board rooms, a kitchen, a break room, a copy and supply room, two bathrooms, and a large outside patio area. The space could be reconfigured to accommodate more offices. The property has flexibility for an owner-user or investor looking to take advantage of the four electric meters. The bike score is 54, indicating it is bikeable. The walk score is 81, indicating it is very walkable. The transit score is 46, indicating some transit options are available. Please see DOT sketch to see updated property lines.
Key Highlights
- 3,025 sq ft office building suitable for owner‑user or investor
- Four electric meters offer flexibility
- Current build‑out includes 6 private offices and 2 board rooms
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
$36,999
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
4.69%
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%
$739,980
$740.0K
Cap Rate 7%
$528,557
$528.6K
Cap Rate 9%
$411,100
$411.1K
Market Conditions
NOI Build-Up for 3,025 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
$65.3K $21.60/SF
− Vacancy
−$16.0K −$5.29/SF
EGI
$49.3K $16.31/SF
− OpEx
−$12.3K −$4.08/SF
NOI
$37.0K $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%
$739,980
Cap Rate 7%
$528,557
Cap Rate 9%
$411,100
Alternative Uses
Best Use
Office B
$528.6K
$462.5K – $616.7K
NOI $36,999 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$689.1K
$602.9K – $803.9K
NOI $48,235 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,294
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Tampa, FL
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Frequently Asked Questions
What type of property is this?
Office building - 3,025 SF office building suitable for owner-user or investor.
Where is this office building located?
The property is located at 1302 W BUSCH BLVD Tampa, FL.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: 3,025 sq ft office building suitable for owner‑user or investor; Four electric meters offer flexibility; Current build‑out includes 6 private offices and 2 board rooms
