Downtown Office/Retail
For Sale
Contact for pricing
111 S 21 Ave, Hollywood, FL 33020
Office and retail space available for sale on a main thoroughfare with appointment-only showings.
Property Size1,326 SF
Days on Market182
Property Features for 111 S 21 Ave
General Information
Standard status
Active
Size
1,326 SF
Property subtype
Commercial
Lease Type
NNN
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$60,163
Building Details
Building Size
1,326 SF
Year Built
1935
Listing Agency:
RE/MAX 5 Star Realty
Listed By:
John DeMarco · License #A12052614
(954) 453-1000
Source:
Elliman
Added: Apr 24
Changed: Oct 12
Last Checked: Oct 20 at 7:49PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Available for sale is a versatile office/retail space positioned in Downtown Hollywood, Florida. The property is located directly on S Dixie Hwy, situated between Hollywood Blvd and Harrison St, offering convenient access to the surrounding downtown area.
The offering is subject to a triple net lease structure, with a CAM in addition to the price. Showings are by appointment only.
The offering is subject to a triple net lease structure, with a CAM in addition to the price. Showings are by appointment only.
Key Highlights
- Office/retail space built in 1935
- Located directly on S Dixie Hwy in Downtown Hollywood, FL between Hollywood Blvd and Harrison St
- Triple net lease structure with CAM charged in addition to the price
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,445
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,900
$368.9K
Cap Rate 7%
$263,500
$263.5K
Cap Rate 9%
$204,944
$204.9K
Market Conditions
NOI Build-Up for 1,326 SF
Gross rent
$28.6K $21.60/SF
− Vacancy
−$2.3K −$1.73/SF
EGI
$26.4K $19.87/SF
− OpEx
−$7.9K −$5.96/SF
NOI
$18.4K $13.91/SF
Area
Hollywood, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,900
Cap Rate 7%
$263,500
Cap Rate 9%
$204,944
Alternative Uses
Best Use
Office B
$365.7K
$320.0K – $426.6K
NOI $25,598 @ 7.0% cap · market cap 853.27%
Second Best
Retail
$263.5K
$230.6K – $307.4K
NOI $18,445 @ 7.0% cap · market cap 614.83%
Theoretical Best
Office A
$518.7K
$453.9K – $605.2K
NOI $36,311 @ 7.0% cap · market cap 1,210.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,146
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office and retail space available for sale on a main thoroughfare with appointment-only showings.
Where is this office unit located?
The property is located at 111 S 21 Ave Hollywood, FL.
What are key features of this property?
This property features: Office/retail space built in 1935; Located directly on S Dixie Hwy in Downtown Hollywood, FL between Hollywood Blvd and Harrison St; Triple net lease structure with CAM charged in addition to the price
