High-Exposure Two-Story Commercial
For Sale
$1,650,000
3601 E Busch Boulevard, Tampa, FL 33612
Two-story multi-tenant building with oversized grandfathered signage, 13 parking spaces, and frontage on Busch Blvd and Edman Place.
Property Size5,242 SF
Lot Size0.20 Acres
Price / SF$314.77
Days on Market254
Property Features for 3601 E Busch Boulevard
General Information
Standard status
Active
Size
5,242 SF
Total Parking Spaces
13
Lot size
0.20 Acres
Property subtype
SCR-COM
Zoning
CG
Site & Location
Traffic Count
80,500 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
8.56%
Building Details
Building Size
5,242 SF
Year Built
1978
Stories
2
Tenancy
Multi
Listing Agency:
Century21 J.W. Morton Real Estate, Inc
(352) 726-6668
Listed By:
Elias Kirallah · License #3123414
(352) 726-6668
Source:
Realnex
Added: Nov 25, 2025
Changed: Jul 28
Last Checked: Jul 28 at 8:26AM
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 Century21 J.W. Morton Real Estate, Inc
Investment Insights
Based on property information with market context.
High-exposure two-story commercial building totaling 5,242 SF across two floors, plus a 300 SF detached garage. The property includes grandfathered oversized signage and is configured as a multi-tenant building, though it is currently operated by a single user.
The site is located directly across from the Busch Gardens main entrance, providing prominent visibility. The property offers 13 onsite parking spaces, 70 feet of frontage on Busch Blvd (43,000 AADT), and 127 feet on Edman Place. Access includes full east/west ingress and a built-in deceleration lane, with proximity to the N 40th St intersection (37,500 AADT) and combined exposure cited at 80,500+ vehicles per day.
Set on 0.20 acres, the offering is presented as having an 8.56% cap rate, with potential for upside through lease restructuring, rent adjustments, or full/partial owner-occupancy.
The site is located directly across from the Busch Gardens main entrance, providing prominent visibility. The property offers 13 onsite parking spaces, 70 feet of frontage on Busch Blvd (43,000 AADT), and 127 feet on Edman Place. Access includes full east/west ingress and a built-in deceleration lane, with proximity to the N 40th St intersection (37,500 AADT) and combined exposure cited at 80,500+ vehicles per day.
Set on 0.20 acres, the offering is presented as having an 8.56% cap rate, with potential for upside through lease restructuring, rent adjustments, or full/partial owner-occupancy.
Key Highlights
- Two‑story commercial building built in 1978 with 5,242 SF total (2,121 SF per floor).
- Over 13 onsite parking spaces plus 70 ft of frontage on Busch Blvd (43,000 AADT) and 127 ft on Edman Place.
- Property sits directly across from the Busch Gardens main entrance for high‑exposure access.
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
$64,115
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
3.89%
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%
$1,282,300
$1.3M
Cap Rate 7%
$915,929
$915.9K
Cap Rate 9%
$712,389
$712.4K
Market Conditions
NOI Build-Up for 5,242 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
$113.2K $21.60/SF
− Vacancy
−$27.7K −$5.29/SF
EGI
$85.5K $16.31/SF
− OpEx
−$21.4K −$4.08/SF
NOI
$64.1K $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%
$1,282,300
Cap Rate 7%
$915,929
Cap Rate 9%
$712,389
Alternative Uses
Best Use
Office B
$915.9K
$801.4K – $1.07M
NOI $64,115 @ 7.0% cap · market cap 3.89%
Second Best
Retail
$891.7K
$780.2K – $1.04M
NOI $62,416 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,587 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
80,500 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,217
Businesses Nearby
Under-served
Demand for This Use
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?
Storefront property - Two-story multi-tenant building with oversized grandfathered signage, 13 parking spaces, and frontage on Busch Blvd and Edman Place.
Where is this storefront property located?
The property is located at 3601 E Busch Boulevard Tampa, FL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Two‑story commercial building built in 1978 with 5,242 SF total (2,121 SF per floor).; Over 13 onsite parking spaces plus 70 ft of frontage on Busch Blvd (43,000 AADT) and 127 ft on Edman Place.; Property sits directly across from the Busch Gardens main entrance for high‑exposure access.
