Retail/Office Strip
For Sale
$2,200,000
4211 E Busch Boulevard Unit A, Tampa, FL 33617
10-unit retail and office strip center with immediate occupancy and two available units for an owner-operator or investor.
Property Size9,650 SF
Price / SF$227.98
Days on Market62
Property Features for 4211 E Busch Boulevard Unit A
General Information
Standard status
Active
Size
9,650 SF
Property subtype
Retail
Occupancy
80%
Taxes and HOA fees
Annual Taxes
$29,753
Amenities
Central Air
3
Building Details
Year Built
1980
Tenancy
Multi
Listing Agency:
HOME WISE REALTY GROUP, INC.
(407) 712-2000
Listed By:
Nhu Nguyen · License #3438353
Source:
Xome
Added: Jun 9
Changed: Aug 8
Last Checked: Jun 14 at 1:36AM
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 HOME WISE REALTY GROUP, INC.
Investment Insights
Based on property information with market context.
4211 E Busch Boulevard Unit A is a value-add retail and office strip center configured with 10 separate units totaling approximately 8,492 SF. According to the seller’s information, 8 units are currently occupied and 2 units are vacant, creating an opportunity to stabilize cash flow through lease-up or to occupy as an owner-user. The property is presented as having strong owner-user potential based on its retail and office mix within the same center.
The center is located on E Busch Blvd along a high-traffic Tampa corridor near Busch Gardens. It benefits from visibility from the corridor, with surrounding residential and commercial demand referenced in the property remarks.
For tenants, the mix of retail and office units can support businesses looking to serve customers and clients from an established multi-unit setting. For investors and owner-users, the current occupancy provides baseline income while the two vacant units offer a clear path to customizing occupancy strategy. The information provided also notes a pro forma income estimate after lease-up of approximately $201,821 annually, along with a stated upside tied to either improved leasing or owner occupancy.
The center is located on E Busch Blvd along a high-traffic Tampa corridor near Busch Gardens. It benefits from visibility from the corridor, with surrounding residential and commercial demand referenced in the property remarks.
For tenants, the mix of retail and office units can support businesses looking to serve customers and clients from an established multi-unit setting. For investors and owner-users, the current occupancy provides baseline income while the two vacant units offer a clear path to customizing occupancy strategy. The information provided also notes a pro forma income estimate after lease-up of approximately $201,821 annually, along with a stated upside tied to either improved leasing or owner occupancy.
Key Highlights
- Approximately 8,492 SF retail/office strip center with 10 total units
- Current occupancy: 8 occupied units and 2 vacant units for lease‑up or owner occupancy
- Value‑add configuration with immediate income plus upside tied to filling the 2 vacant units
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
$131,144
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
5.96%
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%
$2,622,880
$2.6M
Cap Rate 7%
$1,873,486
$1.9M
Cap Rate 9%
$1,457,156
$1.5M
Market Conditions
NOI Build-Up for 9,650 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
$231.6K $24.00/SF
− Vacancy
−$56.7K −$5.88/SF
EGI
$174.9K $18.12/SF
− OpEx
−$43.7K −$4.53/SF
NOI
$131.1K $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%
$2,622,880
Cap Rate 7%
$1,873,486
Cap Rate 9%
$1,457,156
Alternative Uses
Best Use
Office B
$1.87M
$1.64M – $2.19M
NOI $131,144 @ 7.0% cap · market cap 5.96%
Second Best
Retail
$1.64M
$1.44M – $1.92M
NOI $114,903 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$2.25M
$1.97M – $2.62M
NOI $157,372 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
80%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
823
Businesses Nearby
Explore this area
Business Placement
Demographics for 33617, FL
48,267
Population
21,912
Households
2.2
Avg Household Size
33
Median Age
29%
College-Educated
89%
High-School Grad
8.8 sq mi
ZIP Area
5,485
Density / Sq Mi
$48,651
Median Household Income
$33,710
Median Earnings
$1,337
Median Rent
$267,200
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?
Strip mall - 10-unit retail and office strip center with immediate occupancy and two available units for an owner-operator or investor.
Where is this strip mall located?
The property is located at 4211 E Busch Boulevard Unit A Tampa, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Approximately 8,492 SF retail/office strip center with 10 total units; Current occupancy: 8 occupied units and 2 vacant units for lease‑up or owner occupancy; Value‑add configuration with immediate income plus upside tied to filling the 2 vacant units
