Duplex with Adjacent Industrial
For Sale
$495,000
1-2-2136 Collins Ct, Hollywood, FL 33020
Two two-bedroom residences are paired with vacant industrial-zoned land in Hollywood.
Property Size2,053 SF
Price / SF$241.11
Days on Market18
Property Features for 1-2-2136 Collins Ct
General Information
Standard status
Active
Size
2,053 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$8,907
Listing Agency:
A J Ryan Realty
(954) 926-6040
Listed By:
John M Ryan · License #506936
(954) 258-5900
Source:
Exprealty
Added: Sep 17
Changed: Sep 28
Last Checked: Oct 2 at 11:41PM
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 A J Ryan Realty
Investment Insights
Based on property information with market context.
The offering combines a duplex with an adjacent vacant lot designated for industrial use. The residential building contains two units, each with two bedrooms and one bathroom. The property information reports a size of 2,053 square feet; the adjacent lot is 4,000 square feet.
Located in Hollywood, the property has access to major roadways, shopping, employment centers, and surrounding South Florida communities. The parcels are identified under two folio numbers: 514216010220 and 514216070160.
Located in Hollywood, the property has access to major roadways, shopping, employment centers, and surrounding South Florida communities. The parcels are identified under two folio numbers: 514216010220 and 514216070160.
Key Highlights
- Duplex with two units, each configured with 2 bedrooms and 1 bathroom
- Adjacent 4,000‑square‑foot vacant lot with industrial zoning
- Property information reports a size of 2,053 square feet
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
$36,784
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
7.43%
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%
$735,680
$735.7K
Cap Rate 7%
$525,486
$525.5K
Cap Rate 9%
$408,711
$408.7K
Market Conditions
NOI Build-Up for 2,053 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
$55.4K $27.00/SF
− Vacancy
−$2.9K −$1.40/SF
EGI
$52.5K $25.60/SF
− OpEx
−$15.8K −$7.68/SF
NOI
$36.8K $17.92/SF
Area
Hollywood, FL
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$735,680
Cap Rate 7%
$525,486
Cap Rate 9%
$408,711
Alternative Uses
Best Use
Multifamily LT 5
$525.5K
$459.8K – $613.1K
NOI $36,784 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$488.8K
$427.7K – $570.3K
NOI $34,219 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$803.1K
$702.7K – $937.0K
NOI $56,219 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,610
Businesses Nearby
Explore this area
Business Placement
Demographics for 33020, FL
45,044
Population
22,508
Households
2
Avg Household Size
41
Median Age
29%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
7,507
Density / Sq Mi
$52,535
Median Household Income
$32,449
Median Earnings
$1,444
Median Rent
$306,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom residences are paired with vacant industrial-zoned land in Hollywood.
Where is this duplex located?
The property is located at 1-2-2136 Collins Ct Hollywood, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Duplex with two units, each configured with 2 bedrooms and 1 bathroom; Adjacent 4,000‑square‑foot vacant lot with industrial zoning; Property information reports a size of 2,053 square feet
