IM-1 Zoned Warehouse
For Sale
$1,100,000
Pending
1001 N 21 AV, Hollywood, FL 33020
IM-1 zoned warehouse complex with on-site parking and 100% leased to three long-term tenants.
Property Size10,206 SF
Days on Market4329
Property Features for 1001 N 21 AV
General Information
Standard status
Pending
Size
10,206 SF
Property subtype
General Commercial
Zoning
IM-1
Occupancy
100%
Net Operating Income
$78,978
Additional Details
Cap Rate
7.17%
Amenities
3
30 Parking Spaces.
Building Details
Year Built
1981
Tenancy
Multi
Listing Agency:
RE/MAX 5 Star Realty
(954) 453-1000
Listed By:
John DeMarco · License #3134747
(954) 453-1000
Source:
Xome
Added: Sep 26, 2014
Changed: Jul 30
Last Checked: Jul 30 at 8:23AM
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 RE/MAX 5 Star Realty
Investment Insights
Based on property information with market context.
Warehouse complex offering 10,206 square feet of leasable space. The property is 100% leased with three long-term tenants. Built in 1981, the complex is positioned for automotive-related operations and is zoned IM-1.
Current permitted uses include automotive paint and repair. The reported actual cap rate is 7.17%, and the property is described as true net income performance. Operationally, there are three guest facilities. On site, there is parking for 30 vehicles.
The offering is managed for ease of day-to-day oversight, with showings coordinated through the listing broker.
Current permitted uses include automotive paint and repair. The reported actual cap rate is 7.17%, and the property is described as true net income performance. Operationally, there are three guest facilities. On site, there is parking for 30 vehicles.
The offering is managed for ease of day-to-day oversight, with showings coordinated through the listing broker.
Key Highlights
- 10,206 SF warehouse complex
- 100% leased with three long‑term tenants
- Actual cap rate: 7.17%
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $147.0k | $14.40 |
| − Vacancy | −$6.6k | −$0.65 |
| EGI | $140.4k | $13.75 |
| − OpEx | −$42.1k | −$4.13 |
| NOI | $98.2k | $9.63 |
10,206 SF · lease $14.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.03M
$1.77M – $2.37M
NOI $141,970 @ 7.0% cap · market cap 12.91%
Second Best
Warehouse
$1.57M
$1.37M – $1.83M
NOI $109,931 @ 7.0% cap · market cap 9.99%
Theoretical Best
Office A
$3.99M
$3.49M – $4.66M
NOI $279,481 @ 7.0% cap · market cap 25.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,849
Businesses Nearby
Balanced
Demand for This Use
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
Properties on Market for Warehouses in Broward County
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - IM-1 zoned warehouse complex with on-site parking and 100% leased to three long-term tenants.
Where is this warehouse located?
The property is located at 1001 N 21 AV Hollywood, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 10,206 SF warehouse complex; 100% leased with three long‑term tenants; Actual cap rate: 7.17%
