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Property profile & analytics
FOR SALE
Office buildings
1005 W Busch Blvd Tampa, FL 33612
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3905709
For Sale
1 / 14
$4,400,000
1005 W Busch Blvd, Tampa, FL 33612
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,512 SF
Lot
1.18 ac (51,322 SF)
Zoning code
PD
APN
A2328183DN000014000050
UPID
US18-3905709
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
American Dental Plan Dental Office
-
Raise The Bar Fitness Center LLC Gym & Fitness Center
-
Watertight Roofing Svc LLC Roofing Company General Contractor
-
The Bae Area Hair Salon Nail Salon
-
Tampa Temporary Barricades Building Supply Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.72M
Blend (final)
Blend
$3.34M
Owner & transaction history
1005 W Busch LLC · 3 yrs held
1005 W Busch LLC
since 2023
Last sale
$3.4M
5 recorded transactions
Zoning & alternative use
PD · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.2M
+5.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tampa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tampa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,095,000
ML approach
$3,055,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,960,000
Current use
RETAIL STORES
$5,220,000
Change: +5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,535,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,480,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$3.34M
Range $3.00M – $3.67M · ±10% · vs last sale $3.40M (May 17 2023)
Last sale anchor
$3.40M
May 17 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$142 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$43,413
Tax year 2023
Assessed value
$2,534,500
Assessed 2023
Previous assessed
$1,814,400
+39.7% YoY
Effective rate
1.71%
On assessed value
Assessed land
$639,530
Assessed improvement
$1,894,970
Land market value
$639,530
Improvement market value
$1,894,970
Total market value
$2,534,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
18
Rooms
18
Total area
23,512 SF
Lot
1.18 ac (51,322 SF)
Zoning code
PD
APN
A2328183DN000014000050
UPID
US18-3905709
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Tampa, FL
Zoning PD · permitted uses
PD · Tampa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tampa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.0M
RETAIL STORES
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.5M
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
18
Rooms
18
Lot
1.18 ac
Current owner
From public records · entity-resolved
1005 W Busch LLC
Entity
Mailing address
6002 105TH TER N, PINELLAS PARK, FL 33782-2529
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2023
$3,400,000
1005 W Busch LLC
Johnson Foundation Of Florida INC
Warranty Deed
$2,145,000 · Valley National Bank
May 7, 2021
$2,500,000
The Johnson Foundation Of Florida I
Mcdill Columbus Property Partnershi
Warranty Deed
$2,250,000 · Mcdill Columbus Property Partnershi
Feb 11, 2014
$763,000
Columbus Prop Ptshp Mcdill III
Chamberlain Square LLC
Grant Deed
$500,000 · Chamberlain Square LLC
Jul 20, 2009
—
Chamberlain Square LLC
Chamberlain Square Ptshp
Quit Claim Deed
—
—
—
Mcdill Columbus Prop Ptshp III
—
Loan Modification
related
$260,161 · Platinum Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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