Carrollwood Office Building For
For Sale
Contact for pricing
2801 W Busch Blvd, Tampa, FL 33618
Class B office building in the heart of Carrollwood.
Property Size13,538 SF
Price / SF$254.84
Days on Market204
Property Features for 2801 W Busch Blvd
General Information
Standard status
Active
Size
13,538 SF
Class
B
Property subtype
Office
Zoning
PD
Building Details
Year Renovated
2005
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Florida Executive Realty
Listed By:
Steven Borden · License #FL SL3538299
Source:
Crexi
Added: Feb 1
Changed: Aug 16
Last Checked: Aug 23 at 10:56AM
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 Florida Executive Realty
Investment Insights
Based on property information with market context.
This Class B office building is a two-story professional office building containing approximately 13,538 square feet. The property is located in the Carrollwood submarket at the signalized intersection of W Busch Blvd and Orange Grove Dr, offering visibility and accessibility. The building was renovated in 2005/6 and 2017. It features a 56-space surface parking lot, providing a ratio of approximately 4.1 spaces per 1,000 square feet. The surrounding area includes a concentration of retail, dining, and banking options along the Busch Blvd and Dale Mabry corridors. The property is an investment opportunity for those seeking a fully leased property.
Key Highlights
- Prime location at the signalized intersection of W Busch Blvd and Orange Grove Dr in the Carrollwood submarket.
- Meticulously renovated in 2005/6 and 2017.
- Ample parking with a 56‑space surface parking lot.
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
$183,981
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
5.33%
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%
$3,679,620
$3.7M
Cap Rate 7%
$2,628,300
$2.6M
Cap Rate 9%
$2,044,233
$2.0M
Market Conditions
NOI Build-Up for 13,538 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
$324.9K $24.00/SF
− Vacancy
−$79.6K −$5.88/SF
EGI
$245.3K $18.12/SF
− OpEx
−$61.3K −$4.53/SF
NOI
$184.0K $13.59/SF
Area
Tampa, FL
Vacancy
24.50%
Lease Rate
$24.00 /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%
$3,679,620
Cap Rate 7%
$2,628,300
Cap Rate 9%
$2,044,233
Alternative Uses
Best Use
Office B
$2.63M
$2.30M – $3.07M
NOI $183,981 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.15M
$2.76M – $3.68M
NOI $220,778 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
Explore this area
Business Placement
Demographics for 33618, FL
26,474
Population
12,394
Households
2.1
Avg Household Size
45
Median Age
48%
College-Educated
95%
High-School Grad
8.4 sq mi
ZIP Area
3,152
Density / Sq Mi
$79,850
Median Household Income
$50,134
Median Earnings
$1,400
Median Rent
$379,200
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 - Class B office building in the heart of Carrollwood.
Where is this office building located?
The property is located at 2801 W Busch Blvd Tampa, FL.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: Prime location at the signalized intersection of W Busch Blvd and Orange Grove Dr in the Carrollwood submarket.; Meticulously renovated in 2005/6 and 2017.; Ample parking with a 56‑space surface parking lot.
