Shopping Center with Retail
For Sale
$4,305,000
1727 E Busch Boulevard E TAMPA, Tampa, FL 33612
Ground-level commercial center with public parking, retail fixtures, and equipment in an unleased unit.
Property Size16,200 SF
Price / SF$265.74
Days on Market56
Property Features for 1727 E Busch Boulevard E TAMPA
General Information
Standard status
Active
Size
16,200 SF
Zoning
CI
Additional Details
Traffic Count
30,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$44,427
Amenities
Ceramic Tile,Linoleum,Tile
true
1
Public Records
1.36
false
Ground Level,Public Parking
Concrete,Paved
Concrete Perimeter,Slab
State Road
16200
4
Public Maintained Road
Building Details
Building Size
16,200 SF
Year Built
2005
Buildings
4
Stories
1
Listing Agency:
(904) 569-5862
Listed By:
Shadia Wazani
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 7
Changed: Aug 30
Last Checked: Aug 31 at 12:50PM
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 Shadia Wazani
Investment Insights
Based on property information with market context.
This 16,200-square-foot shopping center, constructed in 2005, includes ground-level commercial space, public parking, ceramic tile and linoleum flooring, and concrete construction. An unleased unit contains approximately 10 commercial refrigerators, more than 13 dollies, and equipment remaining from a former dollar store operation. The property is zoned CI.
The center is located on E Busch Boulevard in Tampa, less than 1 mile from Busch Gardens and the University of South Florida. A nightlife and food-oriented commercial area is also described nearby. ADDT data reports more than 30,000 vehicles passing the plaza daily, providing a measurable traffic context for the property.
The center is located on E Busch Boulevard in Tampa, less than 1 mile from Busch Gardens and the University of South Florida. A nightlife and food-oriented commercial area is also described nearby. ADDT data reports more than 30,000 vehicles passing the plaza daily, providing a measurable traffic context for the property.
Key Highlights
- 16,200‑square‑foot shopping center built in 2005
- Less than 1 mile from Busch Gardens and the University of South Florida
- ADDT data reports more than 30,000 vehicles passing the plaza daily
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
$192,893
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
4.48%
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%
$3,857,860
$3.9M
Cap Rate 7%
$2,755,614
$2.8M
Cap Rate 9%
$2,143,256
$2.1M
Market Conditions
NOI Build-Up for 16,200 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
$291.6K $18.00/SF
− Vacancy
−$16.0K −$0.99/SF
EGI
$275.6K $17.01/SF
− OpEx
−$82.7K −$5.10/SF
NOI
$192.9K $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%
$3,857,860
Cap Rate 7%
$2,755,614
Cap Rate 9%
$2,143,256
Alternative Uses
Best Use
Retail
$2.76M
$2.41M – $3.21M
NOI $192,893 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.69M
$3.23M – $4.31M
NOI $258,319 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
30,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
29k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 97%
Hotels & Casinos 3%
BP
Shops & Services
11,227 visits/mo
0.3 miles
Dollar General
Shops & Services
4,638 visits/mo
0.5 miles
Family Dollar
Shops & Services
4,006 visits/mo
0.1 miles
Quick Fuel
Shops & Services
3,507 visits/mo
0.3 miles
AutoZone
Shops & Services
3,196 visits/mo
0.1 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.
Frequently Asked Questions
What type of property is this?
Shopping center - Ground-level commercial center with public parking, retail fixtures, and equipment in an unleased unit.
Where is this shopping center located?
The property is located at 1727 E Busch Boulevard E TAMPA Tampa, FL.
What is the asking price?
The asking price for this property is $4,305,000.
What are key features of this property?
This property features: 16,200‑square‑foot shopping center built in 2005; Less than 1 mile from Busch Gardens and the University of South Florida; ADDT data reports more than 30,000 vehicles passing the plaza daily
