Retail Office Strip
For Sale
$2,200,000
A-4211 E Busch Blvd, Tampa, FL 33612
Multitenant strip center with retail and office units, including two vacancies, on a high-traffic Tampa corridor near Busch Gardens.
Property Size8,492 SF
Price / SF$259.07
Days on Market63
Property Features for A-4211 E Busch Blvd
General Information
Standard status
Active
Size
8,492 SF
Occupancy
80%
Building Details
Tenancy
Multi
Listing Agency:
HOME WISE REALTY GROUP, INC.
(813) 812-4078
Listed By:
Nhu Nguyen · License #3438353
(813) 812-4078
Source:
Exprealty
Added: Jun 10
Changed: Jul 10
Last Checked: Aug 11 at 12:10PM
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 Blvd is a retail/office strip center designed for a mix of tenants, offering 10 total units with 8 currently occupied and 2 vacant. At approximately 8,492 square feet, the property supports a straightforward ownership and occupancy strategy, with flexibility for investors seeking lease-up opportunities or an owner-user looking to position space for their own operations. The center’s tenant-ready configuration makes it well-suited to steady, manageable operations within a compact commercial footprint.
The property is located on E Busch Blvd on a high-traffic Tampa corridor near Busch Gardens, benefiting from visibility to passing motorists. Its frontage along this established thoroughfare places it in an active commercial environment, with both residential and commercial demand referenced in the area.
For tenants, the mix of retail and office units can accommodate multiple use cases within a single ownership, while the two available units present options for incoming users. For buyers, the combination of existing occupancy and measured vacancy offers a practical pathway to improve internal utilization, either through leasing or by occupying space directly, supported by the center’s built-in tenant structure.
The property is located on E Busch Blvd on a high-traffic Tampa corridor near Busch Gardens, benefiting from visibility to passing motorists. Its frontage along this established thoroughfare places it in an active commercial environment, with both residential and commercial demand referenced in the area.
For tenants, the mix of retail and office units can accommodate multiple use cases within a single ownership, while the two available units present options for incoming users. For buyers, the combination of existing occupancy and measured vacancy offers a practical pathway to improve internal utilization, either through leasing or by occupying space directly, supported by the center’s built-in tenant structure.
Key Highlights
- Value‑add retail/office strip center near Busch Gardens on E Busch Blvd
- Approximately 8,492 SF with 10 units total: 8 occupied and 2 vacant
- Immediate income from current occupancy, with upside from leasing 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
$103,866
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
4.72%
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%
$2,077,320
$2.1M
Cap Rate 7%
$1,483,800
$1.5M
Cap Rate 9%
$1,154,067
$1.2M
Market Conditions
NOI Build-Up for 8,492 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
$183.4K $21.60/SF
− Vacancy
−$44.9K −$5.29/SF
EGI
$138.5K $16.31/SF
− OpEx
−$34.6K −$4.08/SF
NOI
$103.9K $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%
$2,077,320
Cap Rate 7%
$1,483,800
Cap Rate 9%
$1,154,067
Alternative Uses
Best Use
Office B
$1.48M
$1.30M – $1.73M
NOI $103,866 @ 7.0% cap · market cap 4.72%
Second Best
Retail
$1.44M
$1.26M – $1.69M
NOI $101,114 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$1.93M
$1.69M – $2.26M
NOI $135,410 @ 7.0% cap · market cap 6.16%
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
1,389
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?
Strip mall - Multitenant strip center with retail and office units, including two vacancies, on a high-traffic Tampa corridor near Busch Gardens.
Where is this strip mall located?
The property is located at A-4211 E Busch Blvd 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: Value‑add retail/office strip center near Busch Gardens on E Busch Blvd; Approximately 8,492 SF with 10 units total: 8 occupied and 2 vacant; Immediate income from current occupancy, with upside from leasing the 2 vacant units
