High-Exposure Two-Story Commercial
For Sale
$1,650,000
3601 E Busch Boulevard TAMPA, Tampa, FL 33612
Two-story commercial building with grandfathered oversized signage, detached garage, and 13 onsite parking spaces near Busch Gardens.
Property Size5,242 SF
Lot Size0.20 Acres
Price / SF$314.77
Days on Market49
Property Features for 3601 E Busch Boulevard TAMPA
General Information
Standard status
Active
Size
5,242 SF
Total Parking Spaces
13
Lot size
0.20 Acres
Zoning
CG
Site & Location
Traffic Count
80,500 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
8.56%
Taxes and HOA fees
Annual Taxes
$11,490
Amenities
Ceramic Tile
2
Public Records
true
Trees
Corner Lot
8890
70 x 130
0.2
false
13 to 18 Spaces,Common
Paved
Slab
City Street
5242
1
Building Details
Building Size
5,242 SF
Year Built
1978
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
THE REAL ESTATE COLLECTION LLC
(407) 656-7814
Listed By:
Danielle Ramesar · License #3121297
(407) 656-7814
Source:
Therealestatecollection
Added: Jul 8
Changed: Aug 14
Last Checked: Aug 24 at 3:22AM
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 THE REAL ESTATE COLLECTION LLC
Investment Insights
Based on property information with market context.
Located directly across from the Busch Gardens main entrance, this high-exposure two-story commercial building totals 5,242 SF (2,121 SF per floor) plus a 300 SF detached garage on 0.20 acres. The site includes grandfathered, oversized signage and is configured as a multi-tenant building, though it is currently operated by a single user.
The property offers 13 onsite parking spaces and strong roadway presence with 70 feet of frontage on Busch Blvd (43,000 AADT) and 127 feet on Edman Place. Access is designed with full east/west ingress, including a built-in deceleration lane for convenient approach. It is also positioned just two blocks from the N 40th St intersection (37,500 AADT), supporting combined exposure of 80,500+ vehicles per day.
For sale at an 8.56% cap rate as presented, with potential identified through lease restructuring, rent adjustments, or full/partial owner-occupancy.
The property offers 13 onsite parking spaces and strong roadway presence with 70 feet of frontage on Busch Blvd (43,000 AADT) and 127 feet on Edman Place. Access is designed with full east/west ingress, including a built-in deceleration lane for convenient approach. It is also positioned just two blocks from the N 40th St intersection (37,500 AADT), supporting combined exposure of 80,500+ vehicles per day.
For sale at an 8.56% cap rate as presented, with potential identified through lease restructuring, rent adjustments, or full/partial owner-occupancy.
Key Highlights
- Two‑story commercial building with 5,242 SF total building area (2,121 SF per floor).
- Located directly across from the Busch Gardens main entrance with 70 ft frontage on Busch Blvd (43,000 AADT) and 127 ft on Edman Place.
- Grandfathered oversized signage; 13 onsite parking spaces and paved city street frontage.
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
Property Profile
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
570
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
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 - Two-story commercial building with grandfathered oversized signage, detached garage, and 13 onsite parking spaces near Busch Gardens.
Where is this office building located?
The property is located at 3601 E Busch Boulevard TAMPA 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 with 5,242 SF total building area (2,121 SF per floor).; Located directly across from the Busch Gardens main entrance with 70 ft frontage on Busch Blvd (43,000 AADT) and 127 ft on Edman Place.; Grandfathered oversized signage; 13 onsite parking spaces and paved city street frontage.
