Office Unit with Private
For Sale
$500,000
109-9620 Stirling Rd, Hollywood, FL 33024
Commercial unit with a clean layout, on-site parking, and zoning that supports multiple commercial uses.
Property Size780 SF
Price / SF$641.03
Days on Market83
Property Features for 109-9620 Stirling Rd
General Information
Standard status
Active
Size
780 SF
Taxes and HOA fees
Annual Taxes
$6,327
Amenities
private restroom
Listing Agency:
Jade State Realty LLC
(786) 794-2564
Listed By:
Javier Medina Perez · License #3626285
(786) 794-2564
Source:
Exprealty
Added: Jun 9
Changed: Aug 29
Last Checked: Aug 29 at 11:06PM
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 Jade State Realty LLC
Investment Insights
Based on property information with market context.
This 780-square-foot office unit at 9620 Stirling Rd, Unit 109, includes a private restroom and a clean, functional layout. The property is zoned for multiple commercial uses and may suit professional services, medical, beauty, or retail operations. Customer and staff parking is available on site.
The unit is positioned near Cooper City, Davie, and Hollywood, with established businesses and national retailers in the surrounding commercial setting. Its configuration and location support both owner-user occupancy and investment ownership.
The unit is positioned near Cooper City, Davie, and Hollywood, with established businesses and national retailers in the surrounding commercial setting. Its configuration and location support both owner-user occupancy and investment ownership.
Key Highlights
- 780 square feet of office space
- Private restroom within the unit
- Zoned for multiple commercial uses
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
$15,058
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
3.01%
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%
$301,160
$301.2K
Cap Rate 7%
$215,114
$215.1K
Cap Rate 9%
$167,311
$167.3K
Market Conditions
NOI Build-Up for 780 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
$25.7K $33.00/SF
− Vacancy
−$5.7K −$7.26/SF
EGI
$20.1K $25.74/SF
− OpEx
−$5.0K −$6.44/SF
NOI
$15.1K $19.31/SF
Area
Hollywood, FL
Vacancy
22.00%
Lease Rate
$33.00 /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%
$301,160
Cap Rate 7%
$215,114
Cap Rate 9%
$167,311
Alternative Uses
Best Use
Office B
$215.1K
$188.2K – $251.0K
NOI $15,058 @ 7.0% cap · market cap 3.01%
Second Best
Retail
$155.0K
$135.6K – $180.8K
NOI $10,850 @ 7.0% cap · market cap 2.17%
Theoretical Best
Office A
$305.1K
$267.0K – $356.0K
NOI $21,360 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,812
Businesses Nearby
Explore this area
Business Placement
Demographics for 33024, FL
74,843
Population
26,552
Households
2.8
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
11.6 sq mi
ZIP Area
6,452
Density / Sq Mi
$76,501
Median Household Income
$38,144
Median Earnings
$1,724
Median Rent
$365,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Commercial unit with a clean layout, on-site parking, and zoning that supports multiple commercial uses.
Where is this office units located?
The property is located at 109-9620 Stirling Rd Hollywood, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 780 square feet of office space; Private restroom within the unit; Zoned for multiple commercial uses
